West Texas Intermediate oil declined on Tuesday trading session falling from the strongest level since September on speculation that the escalating geopolitical tension between the Russian Federation and Ukraine is unlikely to end up in a war conflict. WTI for settlement in April slipped $1.62 to $103.30 per barrel on the NYMEX and was last seen at $103.69 by 1:29
U.S. stock-index futures gained, predicting the Standard & Poor's 500 Index will recover from its weakest point for a month, since the president of Russia, Vladimir Putin, said he'd only send forces to Ukraine in a worst scenario. Facebook Inc. added 2.2%, Abercrombie & Fitch Co. climbed 1.9%, SunEdison Inc. gained 4%. Futures on the S&P 500 expiring in
The Japanese Yen fell to the lowest point in two weeks against the Dollar since president of Russia, Vladimir Putin, stated that no direct necessity is needed to send forces to Ukraine, thus curbing safe asset demand. The Yen declined against all of the 16 major peers, while the Ruble gained. Japan's currency depreciated 0.4% to 101.85 against the Dollar
West Taxes Intermediate along with Brent crude fell from the strongest levels in four months on speculation the heightened tension between Ukraine and Russia will hardly result in destruction of oil supplies. Futures in U.S. declined 1.4% for the first time during three days, while WTI crude for delivery in April slipped $1.46 down to $103.46 a barrel on the
Import prices in Spain declined in January falling for the eleventh consecutive month, the latest report published by the statistical office Ine unveiled on Tuesday. According to the report, the country's import price index slipped on an annual basis by 2.5% in January following the same decline in December, while on a sequential basis import prices added 0.2% in January.
Construction sector in the United Kingdom accelerated in February with the pace of growth exceeding economists' projections, however it slowed down since January, the Markit Economics unveiled on Tuesday. According to the report, the U.K. Purchasing Managers' Index for construction sector eased from 64.6 in January to 62.6 points in February.
Gold dropped from the strongest level in four months when a report showed the Russia military trainings ended in its western region, thus lowering haven demand. Bullion gained 2.1% yesterday since Ukraine stated there was an order from Russia to Ukrainian warships in Crimea to capitulate. Gold for immediate delivery dropped 0.8% to $1.339.25 an ounce after reaching to $1.354.87, the highest level since October
European equities increased on Monday trading session rebounding from the largest loss in almost five weeks recorded yesterday amid speculation that geopolitical tension in Ukraine's Crimea peninsula may not lead to a war conflict. The benchmark Stoxx Europe 600 Index gained 1.8% to 336.31 as of 12:38 p.m. London time.
Treasuries declined on Monday trading session falling together with their counterparts world-wide amid speculation that geopolitical tension in Ukraine eases pushing demand for safe-haven assets lower. The benchmark 10-year government notes yielded four basis points lower at 2.64% as of 8:35 a.m. in New York.
Producer prices in the 18-nation bloc declined at the beginning of 2014 as the drop was steeper than economists' originally expected, a report revealed by the statistical office Eurostat showed on Tuesday. According to the report, the Eurozone's produce prices fell on a sequential basis by 0.3% in January following a 0.2% gain recorded in the month before.
Commodities fell from the strongest level in six months amid speculation the concerns about the energy and agriculture supplies as a result of the increasing tension in Crimea region could be overstated. The Standard & Poor's GSCI Index dropped 1.1% to 653.15 after reaching 1.6% yesterday, the strongest point since September 6. Brent crude fell 1.7%, wheat declined 0.9% in
Non-oil private sector in the United Arabic Emirates continued to increase in the month of February with the pace of growth reaching one of the highest levels all-time and rising for 54 months in a row, a report published by the Markit Economics showed on Tuesday. According to the report, the PMI added from 57.1 in January to a level
Inflation in the Organisation for Economic Cooperation and Development increased at the beginning of 2014 mainly due to an advance in energy prices rising by 2.1% in January, a report released by the OECD unveiled on Tuesday. According to the report, consumer prices in the area added 1.7% in January following a gain by 1.6% in the month before.
Ukraine's parliament decided to ratify an agreement accepting a loan from the European Union on Tuesday as the financial package was agreed last month under the country's President Viktor Yanukovich but never ratified. The loan provided by the 29-nation bloc totals 610 million euros, or $840 million, and should help the country to get out of financial problems.
The Russian currency slightly increased on Tuesday trading session after falling by more than two percent yesterday amid speculation that the geopolitical tension in Ukraine's Crimea peninsula eased as Russian sent its soldiers back to base. The Rouble rose 0.4% to 36.38 versus the U.S. Dollar and advanced 0.3% to 50.01 a Euro.
Russian equities edged higher on Tuesday following a notable decline recorded yesterday amid investors' speculation that geopolitical tension in Ukraine's Crimea peninsula may ease as Russian ordered its troops to return back to base after military training. The benchmark MICEX index added 3.4% to 1,333, while the RTS gauge jumped 3.7%.
Shares across the world increased on Tuesday trading session rebounding after yesterday's declines after the Russian Federation ordered its troops to return back to base after military exercise raising concerns over possible war conflict in Ukraine. The MSCI broadest Asia-Pacific gauge outside Japan gained 0.2%, while the FTSE Eurofirst 300 rose 1.1%.
Russian and Ukrainian longer-term bonds increased on Tuesday after the Russian Federation entered Ukraine's Crimea peninsula yesterday and as Moscow today ordered its troops to return back to base after a military exercise taking place in western and central Russia. Ukraine's 10-year bonds advanced 1 cent to 84.2, while Russian 20-year notes added 1.7 cents on the U.S. Dollar to
The Reserve Bank of Australia decided to maintain its monetary course, keeping the benchmark interest rate at the record low mark of 2.5% for seventh month in a row. Moreover, the RBA pointed on stability period in monetary policy, however, the inflationary pressure remains quite high. Prices in the country will probably add 2-3%, in line with the RBA target
Current account deficit in Australia dropped 19% in the last quarter of 2013 from the previous three months, reaching $10.14 billion, while experts waited for a $10 billion shortfall. At the same time, the indicator for the July-September quarter was revised positively to a $12.54 billion deficit. It is worth pointing out that surplus of trade for goods and servives
Building approvals, which were issued in Australia in January of this year, climed 6.8% on a montly basis, reaching as many as 17,514. At the same time, analysts predicted a small rise of 0.5%. Moreover, year-on-year, the indicator surged 34.6%, beating forecasts of 24% as well. Meanwhile, the decline for December was revised positively from -2.9% to -1.3%.
Natural gas futures dropped to the lowest settlement in six weeks in New York amid speculation that demand will decrease with milder weather forecast. Natural gas for delivery in April dropped 11.7 cents to $4.492 per one million of Btu on the NYMEX, the lowest price since Jan. 21. The futures dropped 25% in the prior week, making the biggest
WTI crude prices traded near the highest level in five months on speculation that inventories of distillate-fuel decreased in the U.S., the biggest oil consumer in the world. West Texas Intermediate crude for delivery in April was at level of $104.70 a barrel on the NYMEX, losing 22 cents, as of 1:16 p.m. Singapore time. The contract added $2.33 to
Natural gas traded in New York declined on Monday session falling for the 5th time in a six- day period amid speculation that demand for the commodity may decreased as winter in the U.S. weakens. Natural gas for settlement in April slipped as much as 4.3 cents to $4.566 as million British thermal units as of 11:55 a.m. on the