The majority of Asian shares increased on Friday rebounding after a notable decline yesterday amid raising concerns that the U.S. Federal Reserve may increase its benchmark interest rates as soon as in 2015, which is sooner than experts expected. The MSCI Asia-Pacific gauge outside Japan gained as much as 0.5%, while the Australian index inched higher 0.7%.
The Yuan fell the most since 2008 as the central bank cut the currency's base rate by 0.18%. As China Foreign Exchange Trade system prices presented, the currency slid 0.50% to 6.2275 against the Dollar in Shanghai, which was the biggest loss since December 1, 2008, and touched 6,2334 previously, the weakest level since February 25, 2013, after which lost
The New Zealand Dollar weakened against its 10 major counterparts since investors weigh whether the U.S. economy will be able to withstand tightening of the Fed monetary policy. New Zealand's currency dropped 0.3% to 85.35 U.S. cents as of 6:40 p.m. Sydney time after the 0.7% lost yesterday, the lowest level since February 18 and the Aussie fell 0.2% to 90.27
European stocks dropped since Janet Yellen, Fed Chair, stated that the Fed would probably rise interest rates by the middle of next year. Asian shares fell, while U.S. index futures were almost unchanged. The Stoxx Europe 600 Index lost 0.6% to 325.81 as of 9:19 a.m. London time, the Standard & Poor's 500 Index futures dropped 0.1% and the MSCI
Gold fell and traded near the weakest level in three weeks since investors estimated the Fed decision that signalled possible interest rates hike by the middle of the next year versus the tensions in Ukraine. Gold for immediate delivery gained 0.2% to $1,332.33 at 8:42 a.m. London time, after reaching $1,325.66 today, the weakest level since February 28. and it
The greenback climbed about 0.2% high from the strongest level in three week against its major currency peers, amid speculation the Fed will raise interest rates by next year while further reducing monetary stimulus. The U.S. Dollar almost unchanged at $1,020.11 at 8:08 a.m. in London and added 0.8% yesterday after reaching to 1,021.42, the strongest level since February 27.
The American Dollar appreciated versus the Japan's currency on speculation the Fed Reserve will decide to cut its jobless-rate threshold and adopt special guidance to control the movements of the yield. The U.S. currency advanced 0.2% to 101.60 yen as of 8:22 a.m. in London after it contracted 0.3% on Tuesday trading session. The greenback added 0.1% to $1.3921 per
Gold slid to the lowest settlement in a week in London amid speculation the U.S. Fed will keep cutting stimulus, curbing a safe haven demand. The yellow metal for immediate delivery dropped 0.7% to $1,346.19 as of 9:12 a.m. in London. It touched $1,345.52, the level unseen since March 12, showing the third and the longest drop since December. Bullion
WTI showed the biggest gained in two weeks as EPD announced its plan to double its Seaway pipeline's capacity already in May. West Texas Intermediate crude for April contact grew $1.62 and reached $99.70 a barrel on the NYMEX, the advance unseen since the 3rd of March. April futures' premium to May advanced to 82 cents, the highest price since Feb. 26.
Emerging-market stocks advanced on Tuesday trading session rising for the second successive day led by technology sector companies after the Russia's President Putin said he is not seeking to split Ukraine. The MSCI Emerging Markets Index jumped as much as 0.4% to 946.87 as of 12:40 p.m. London time, while the Russian Mices gauge added 6.3% in the last two
Wall Street equities jumped on Tuesday trading session together with European shares after the Russian Federation President Vladimir Putin declared he doesn't intend to split Ukraine as the Crimea voted to join Russia. The benchmark index Standard & Poor's 500 Index gained 0.1% by 9:35 a.m. New York time, while the Stoxx Europe 600 Index climbed 0.4%.
Trade balance in Italy came in surplus at the beginning of 2014, however the overall surplus fell as exports dropped on weakening demand, a report released by the statistical office Istat unveiled on Tuesday. According to the report, the country's trade surplus totaled 3.68 billion euros in January, down from December's level of 3.7 billion euros.
Consumer prices in the world's largest economy slightly increased in February rising at the same pace as in the month before and matching initial estimates, a report released by the Labor Department showed on Tuesday. The U.S. consumer price index advanced by 0.1% in February mainly due to a gain in food prices overshadowing drop of energy prices.
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%.