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.
West Texas Intermediate crude declined on Tuesday falling for the first session in three days on speculation that stockpiles in the U.S., the world's largest oil consumer, increased for the 10th consecutive week. WTI for delivery in May slipped 34 cents to $99.26 per barrel on the NYMEX and was last seen at $99.45 as of 3:05 p.m. in Singapore.
U.S. Treasuries declined on Tuesday trading session falling towards the weakest level in nearly four years against their global counterparts before an auction today where the U.S. plans to sell $32 billion of 2-year notes. The benchmark government 10-year yields were last traded at 2.73% by 6:51 a.m. London time with the price reaching a level of 100 6/32.
Gold traded in New York advanced on Tuesday session rebounding from the weakest level in almost a month as geopolitical tension in Ukraine may result in further sanctions to keep the Russian Federation from occupying other parts of its neighboring Ukraine. Bullion for delivery in March gained 0.6% to $1,316.86 an ounce and was last seen at $1,314.61 by 2:01
Japan's equities increased on Tuesday trading session rising for the second straight day as paper makers and oil exporter led the increase overshadowing drops of financial companies. The region's benchmark stock index Topix jumped as much as 0.1% to 1,163.70 following an increase by 0.8% earlier on the session, while the Nikkei 225 Stock Average lost 0.4% to 14,423.19.
A leading economic index in South Africa increased modestly in the month of January following a slow-down at the end of 2013, the latest report unveiled by the South African Reserve Bank revealed on Tuesday. According to the report, the country's leading index jumped 0.3% on a monthly basis in January totaling 100.2 points, while in December the figure stood
Unemployment in Finland continued to grow in February and rising for the second successive month at a steep rate towards the highest figures in a nine-month period, the latest data published by the Statistical Office unveiled on Tuesday. The country's Finland's jobless rate jumped from 8.5% in January to a level of 9.1 in February, while it was seen to
A leading index measuring economic activity in the world's second largest economy accelerated further in February and at a faster pace than in the months before, the latest report published by the Conference Board showed on Tuesday. According to the report, the country's leading economic index added 0.9% totaling 282.4 points, while it gained 0.3% and 0.4% in January and
Business confidence among small and medium sized companies in Japan increased significantly in March following a month of decline, the latest data revealed by the Shoko Chukin Back showed on Tuesday. According to the report, the Japanese business confidence index rose from February's level of 50.6 in February to March's 53.5.
Brazil credit rating was downgraded by the rating agency Standard & Poor's citing weakened growth and fiscal slippage in the following years, a report released by the agency showed on Tuesday. According to the report, the country's long-term rating was lowered from ‘BBB' to ‘BBB-‘, the lowest so-called investment grade, while the outlook stayed ‘stable'.
The 18-nation bloc currency traded slightly higher earlier on Tuesday trading session before a private think-tanks Ifo based in Munich showed results from its survey measuring business confidence in the Eurozone and after a government reported that manufacturing PMI in the U.S. declined last month. The Euro was last seen at $1.3835, up from Monday's $1.3760.
The U.S. Dollar opened steady earlier on Tuesday session and traded near its close to the strongest level in three weeks against the basket of currencies included in the U.S. Dollar index after a government data showed that manufacturing PMI fell in February. The U.S. Dollar Index was last seen at 79.952, down from Monday's level of 80.290.
Wall Street shares closed lowered on Monday trading session dragged down by technology sector companies and biotech shares after recording notable gains in the previous sessions. The Standard & Poor's 500 Index slipped 0.49% to 1,857.44, the Dow Jones industrial average fell 0.16% to 16,276.96 and the Nasdaq Composite index decreased 1.18% to 4,226.385.
European equities increased earlier on Tuesday session and were seen to be rising today after yesterday's heavy drops after a report showed that private sector in the Eurozone continued to grow and as China last week declare it may introduce modern market system soon. The German DAX Index was traded 0.4% higher in the morning session on Tuesday, while the
The majority of Asian stocks dropped on Tuesday trading session amid concerns over Ukraine's political situation and the global economic recovery and as China revealed its plan to introduce modern market system within two years. The MSCI Asia-Pacific gauge outside Japan added 0.2% and the Japan's Nikkei 225 gained 0.4%.
China's Yuan advanced the most two years as The People's Bank of China hiked the reference rate for the first time in a week after officials predicted no further fall in the exchange rate. The Chinese currency added 0.58%, the largest gain in three years since Oct 10, to 6.1888 per greenback at the close in Shanghai. It contracted 1.2%
Treasury notes due to 2024 dropped for the first time in three days ahead of the U.S. selling $96 billion of fixed-rate notes. The U.S. 10-year yield climbed 0.03 percentage point, to 2.77% as of 8:37 a.m. in New York. The 2.75% note due in February 2024 fell $2.50 per $1,000, to 99 26/32. The interest rate advanced to 2.82%
Japanese Yen depreciated versus most of its 16 main peers as the IMF announced improving state of the global economy. The Yen dropped to its weakest level in two weeks against the Aussie on speculation the BoJ will boost stimulus. Japan's currency contacted as much as 0.2% to 102.47 per greenback as of 8:02 a.m. New York time. It traded
West Texas Intermediate oil slightly increased on Monday session despite a fast that hedge funds lowered their bets on further increase in prices amid concerns that sanctions put on the Russian Federation may disrupt oil supplies. WTI for delivery in May added 42 cents to $99.88 per barrel on the NYMEX, while the WTI-Brent discount was at $7.12.
The U.K. pound dropped the most in four months against the greenback as the Fed and BoE gave oppposite signals on the future rate of yields. The U.K. currency depreciated 0.9% to $1.6491 as of 4:58 p.m. London time, the biggest drop unseen since November 1. It dropped to $1.6476 on Friday trading session, the weakest since February 12. The
The European benchmark Brent crude declined on Monday trading session falling for the first day in three after a government report showed that manufacturing production in China slowed down in Marc easing for the fifth straight month. Brent for settlement in May lost 47 cents to $106.45 per barrel on the London's ICE and it was last seen at $107.01
Manufacturing activity in the U.S. is expected to record a slow-down in the month of March, according to a survey released by the Bloomberg News today, with the factory index falling from 57.1 points in February to 56.5 in March. The survey also showed that new house sales report released tomorrow may show a drop from 468,000 to 445,000 in