House price growth in major cities in China advanced further in February, however the increased was slower than in the previous month, a data unveiled by the National Bureau of Statistics showed on Tuesday. According to the data, the Chinese home price growth recorded 0.2% in Beijing and 0.4% in Shanghai, while the average prices gained in 57 cities from
Foreign direct investments in the world's second largest economy advanced at a surprisingly bigger pace in the January-February period, a report published by the Ministry of Commerce unveiled on Tuesday. According to the report, the country's FDI excluding financial sector investments gained 10.44% on an annual basis totaling $19.3 billion.
Russia's currency gained with the Micex Index as the President of Russia, Vladimir Putin, stated there is no intention to divide Ukraine following the Crimea area's voting regarding accession to Russia. The Ruble added 0.2% to 42,6683 versus Bank Rossii's target basket of the Dollars and the Euros at 4:07 p.m. in Moscow. The Micex, which posted a loss last week, climbed 1.8%, reaching the strongest
Merchandise trade balance in the euro-area came in surplus at the beginning of this year after recording a shortfall in December as exports increased, while imports dropped, the Eurostat showed in a report today. The Eurozone's merchandise trade surplus totaled 0.9 billion euros in January, while in December the balance came in a 4.5 billion euros deficit.
Homebuilder confidence in the world's largest economy rebounded in the month of March after recording a drop in February, the latest report published by the NAHB showed on Tuesday. According to the report, the association's homebuilders' index added from a level of 46 points in February to 47 points in March.
Housing starts in the world's largest economy declined further in February after recording a notable drop in the month before, a report published by the Commerce Department showed on Tuesday. The U.S. housing starts fell 0.2% on an annual basis in February totaling 907,000 following a 11.2% slide in January.
The Turkish national bank decided to maintain its benchmark refinancing rates at a current level for the second straight time after the rates were raised aggressively on January's policy meeting, the Monetary Policy Committee showed in a report on Tuesday. According to the report, the bank left the repo-rate rate at a level of 10% and the overnight rate at
Indian equities rallied on Tuesday trading session rising towards the highest level all-time on strong overseas demand boosting the Indian blue chips before the general elections in the country and as report showed that industrial production slightly gained. The benchmark index BSE advanced 0.1% following an increase by 1.1% to 22,040.72, the new record level.
Economic expectations index in the Europe's second largest economy worsen in the month of March on geopolitical tension in the Ukraine's Crimea, a report released by the Centre for European Economics Research/ZEW showed on Tuesday. According to the report, the country's economic confidence gauge slipped to a level of 46.6 in March compared to February's 55.7 points.
The Chinese currency declined on Tuesday falling for the second straight day against the U.S. Dollar amid speculation that the region's economy may be slowing with highly indebted private sector becoming an issue for the economy. The Yuan was last traded at $6.1816 per U.S. Dollar falling by 0.4% after the PBOC increased the trading range over the weekend.
The majority of Asian shares increased on Tuesday trading session with the Japanese benchmark stock index rebounding from the weakest level in six weeks before the U.S. Federal Reserve policy meeting today as safe-haven demand gains. The MSCI Asia-Pacific gauge outside Japan added 0.3% and the Japan's Nikkei 225 rose 0.9%.
European stocks declined on Tuesday trading session as with the Japanese currency increased as investors seek for safe-haven assets ahead of the Federal Reserve policy meeting later today and as Ukraine's Crimea voted to join Russian. The benchmark FTSEEurofirst 300 fell earlier on the session, while Asian stocks increased.
Bullion extended a drop from the highest mark in more than half a year ahead of the Federal Reserve meeting today, as the U.S. data beat estimates. The yellow metal for immediate delivery dropped as much as 0.7% to $1,357.13 an ounce and was little changed at $1,360.62 as of 3:33 p.m. in Singapore. Prices advanced to $1,392.22 on Monday trading
The Aussie keeps advancing versus its major counterparts as the Reserve Bank of Australia policy makers held the interest rate unchanged. Australian currency remained stable at 90.75 U.S. cents as of 4:55 p.m. in Sydney from 90.87 on Monday trading session, when it gained 0.7%. The Australian Dollar earlier reached 91.10, an exchange rate unseen since trading at 91.33 on
The Japanese Yen gained as President Vladimir Putin expressed his support to a request from Crimea and an intention to sign an accession treaty even after U.S. and the West imposed sanctions, boosting safe haven demand. Japanese currency added 0.2% to 101.64 per greenback as of 7:47 a.m. London time after it depreciated 0.4% on Monday trading session. The Yen
Emerging-market equities increased on Monday trading session rising form the lowest level in four weeks as Russian shares gained after the Ukraine's Crimea referendum during the weekend passed without any violation. The MSCI Emerging Market gauge advanced as much as 0.6% to 943.72 as of 10:56 a.m. New York time.
West Texas Intermediate oil dropped on Monday trading session together with falling Brent crude amid speculation that oil shipments from Russia to Europe are unlikely to be disrupted by this weekend's referendum showing that the Ukraine's Crimea voted to join Russia. WTI slipped 1.2% on the session, while the European benchmark Brent crude fell by 1.7%.
Manufacturing output in the world's largest economy increased in February rebounding after January's drop, while the overall industrial production climbed, a report published by the Federal Reserve showed on Monday. According to the report, the U.S. industrial output gained by 0.6% in February following a 0.2% slide in the month before.
Unemployment rate in the city state Hong Kong remained flat in the three months to February from the period during November to January, a report released by the Census and the statistical office showed on Monday. According to the report, the country's jobless rate recorded 3.1% in the February quarter matching economists' estimates.
Manufacturing sector in the New York area improved in March, however the pace of growth in the sector was lower than originally estimated, a report released by the Federal Reserve Bank of New York unveiled on Monday. According to the report, the New York area general business condition gauge gained from 4.5 points in February to a level of 5.6
A leading index of economic activity in Spain advanced at the beginning of this year following a drop in December, the latest data revealed by the Conference Board showed on Monday. According to the data, the Spanish leading economic index rose by 0.8% on a sequential basis in January to a level of 106 points, while in December it slipped
Employment in Germany's manufacturing sector improved at the beginning of this year, however the total figure of hours worked declined in January, a report published by the statistical office Destatis showed on Monday. According to the report, the country's employment gained by 0.8% rising by 40,000 persons employed in the sector.
House prices in the United Kingdom increased in March rising towards the strongest level all-time amid signs of recovery and improvement in mortgage market demand, a report published by the private company Rightmove showed on Monday. According to the report, the U.K. residential property prices gained by 1.6% in March after increasing by 3.3% in the month before.
Annual inflation in the euro-area slipped in the month of February missing initial forecast of economists and raising concerns over further interest rates cuts, a report revealed by the statistical office Eurostat unveiled on Monday. The report showed that the Eurozone inflation recorded 0.7%, down from January's level of 0.8%.