Consumer confidence in Italy increased in March rising towards the highest level measured since June 2011, a report released by the statistical office Istat showed on Wednesday. According to the report, the Italian consumer confidence index advanced from February's level of 97.7 points to 101.7 points in March, while it was originally seen to be rising to 98.4.
A leading index of economic activity in the euro-area increased in February signalling that the recent recession in the region may have come to an end, however the growth should remain modest, a report released by the Conference Board showed on Wednesday. According to the report, the Eurozone's leading economic index added 0.1% in February after rising by 1.4% in
The gross domestic product of the Russian economy may slip into a notable contraction this year and possibly the next one as the geopolitical tension with its neighbouring Ukraine worsen, the World Bank said on Wednesday. The bank predicts a scenario where the Russian GDP slows to 1.1% this year with a modest pick-up in the following year to 1.3%.
Industrial production in Singapore increased significantly in February rising by double-digit figure and by much more than initially estimated, a report published by the Economic Development Board unveiled on Wednesday. According to the report, Singapore's industrial output gained 12.8% in February after jumping by 4.4% in the month before.
Consumer confidence in the world's economy largest economy increased in March rising by more than experts originally estimated, the Conference Board showed in a report on Tuesday. According to the report, the U.S. consumer confidence index gained from February's level of 78.3 points to a level of 82.3 in the following month.
The performance of South Korean economy increased on an annual basis last year, the latest data published by the Bank of Korea showed on Wednesday. According to the report, the country's gross domestic product in 2013 accelerated by 3.0% up from January's initial estimates of 2.8% advance, while in 2012 the GDP added 2.0%.
An index measuring business service prices in the Asia's second largest economy increased in February rising by 0.7% on an annual basis totalling 96.5 points, a report revealed by the Bank of Japan unveiled on Wednesday. Month-on-month, the Japan's corporate service prices gained 0.3% in February from -0.6% in the month before.
Sales of new houses in the world's largest economy declined in February matching initial estimates of economists, the latest report published by the Commerce Department showed on Tuesday. According to the report, the U.S. new homes sales slipped by 3.3% on an annual basis from January's level of 455,000 to 440,000 in the following month.
Copper retreated from the highest level in two weeks on concern that economic growth is slowing and premium risks are going up in the biggest user - China, while global supplies are constantly increasing. The metal for June delivery on the LME slipped 0.7% to $6,554.25 a metric ton and was little changed at $6,574 as of 10:41 a.m. in
Finance Minister Bill English stated that the New Zealand Dollar, the best-performer in 2014, is too strong and this is a challenge for the nation's exporters. New Zealand's currency appreciated 4.6% versus the U.S. Dollar in 2014, the biggest gain among its 16 major peers. It bought 85.93 U.S. cents as of 3:35 p.m. in Hong Kong. The Kiwi added
The 18-nation currency depreciated versus most of its 16 major peers as below-forecast European business data boosted speculation that the region's economy may struggle further to recover. The Euro contracted as much as 0.1% to $1.3826 as of 5 p.m. New York time after it lost 0.6% earlier. It was little changed at $1.3967 on 13th of March, the strongest
The Pound appreciated for a second day versus Eurozone's currency after Bank of England policy maker Martin Weale stated that U.K. yields should increase as the economy grows. The U.K. currency advanced 0.3% to 83.43 pence per one euro as of 11:36 a.m. London time after it touched 83.29 pence on Mar 20, the highest level since Mar 12. The
New orders for manufactured durable goods in February increased notably in the U.S. rising by more than economists originally estimated, the latest data revealed by the Commerce Department showed on Wednesday. According to the report, the country's durable goods orders gained 2.2% in February following an advanced by 1.3% in the month before.
The yellow metal traded above the lowest five-week price in New York as traders weighed the crisis over Ukraine versus the outlook for higher yield in the U.S. The bullion for June contract advanced 0.2% to $1,314.40 an ounce as of 7:50 a.m. on the Comex in New York. It was little changed at $1,305.90 during Tuesday trading session, the
Wall Street stocks increased earlier on Wednesday trading session as geopolitical tension between the Russian Federation and Ukraine seems to be easing and on upbeat data coming from the U.S. boosting demand for the equities. The Standard & Poor's 500 Index gained 0.38% to 1,872.63, the Dow Jones industrial average added 0.36% to 16,426.45 and the Nasdaq Composite index rose
Australia's currency appreciated to the highest level in four-months as Governor of the central bank Glenn Stevens stated that the economy may grow in 2014 and there were encouraging signals with respect to consumption. The Australian Dollar added 0.7% to 92.29 U.S. cents as of 7:21 a.m. New York time after it advanced to 92.35 cents, the highest level since
The majority of European shares rallied on Wednesday rising for the second straight day amid speculation that the U.S. economy is improving as latest data showed an improvement in durable goods and consumer confidence. The German DAX gained 1.5%, the London's FTSE added 0.5% and the Paris' benchmark index jumped 1.1%.
Shares world-wide increased on Wednesday trading session rising towards the highest level in two weeks after a government report showed that investor confidence in the world's largest economy increased and durable goods advanced by more than economists originally expected. The MSCI global stock gauge increased as the emerging markets index gained the most in three weeks.
James Bullard, the President of the Federal Reserve Bank of St.Louis, announced on Wednesday that the regulator did not negotiate the specific month of finishing the QE program. At the same time, he marked that the possible period of the program's end is from October till January. Still, the final decision will most likely be influenced by near-term economic development
The total number of orders for durable goods in the United States jumped 2.2% in February of this year on a monthly basis, while economists predicted the indicator to add only 1.1% after a 1.3% decrease in January. At the same time, excluding orders for transportation equipment, they increased only 0.2%, which shows the strength of demand for transport, as
European stocks climbed after their biggest loss in two weeks, since U.S. consumer-confidence and housing data signalled the economy has recovered from the cold winter. The Stoxx Europe 600 Index gained 1.3% to 328.71 as of 2:14 p.m. London time, Luxottica Group SpA added 3.8%, Baloise Holding AG advanced 3.6% and EasyJet Plc climbed the most during the last four
Gold was near the weakest level in one month since the Dollar appreciated when the world's leading industrial powers warned of more sanctions against Russia to deter it from further invasion into Ukraine. The yellow metal added 9.2% during this year and its delivery for June almost unchanged at $1,312.70 an ounce by 9:19 a.m. in NY. Prices decreased 0.4%
The Euro depreciated for the first time during three days versus the Dollar since the business confidence in Germany declined, curbing demand for the common currency. The Euro weakened against the majority of its 16 major counterparts and fell 0.4% to $1.3790 as of 9:13 a.m. in New York after gaining 0.4% during the preceding two days. The Euro also declined 0.2% to
The European benchmark Brent crude slightly dropped on Tuesday trading session before an industry report showed that crude supplies accelerated by 2.5 million barrels in the week ended on March 21, the Bloomberg survey signaled today. Brent with settlement in May lost 19 cents to $106.62 per barrel on the London's ICE Futures Europe exchange.