Eurozone's currency gained from the lowest level in two months against the U.S. Dollar as region's manufacturing output expanded for a seventh straight month in January. The 18-nation currency added 0.1% to $1.3505 as of 6:57 a.m. in New York, after declining to $1.3477, the lowest level since November 22. The Japanese Yen strengthened 0.2% to 101.89 per greenback.
Manufacturing sector in the United Kingdom posts a considerable jump already during several months, while the benchmark PMI Index decreased slightly in January of the current year, reaching 56.7 points from 57.2 in December. Still, the reading above 50 points indicates an expansion. The data also showed an increase in orders from both abroad and domestic markets.
Gold increased on Monday trading session recording its first monthly jump since August as demand for save-haven assets spurred after equity markets increased offsetting a drop in physical purchases in Asia as the Lunar New Year began. Bullion for February settlement advanced 0.2% to $1,247.21 an ounce and was last seen at $1,246.15 as of 3 p.m. Singapore time.
Natural gas traded in New York declined on Monday falling for the third straight session after a weather report in the U.S. showed that temperatures should ease at the beginning of February easing demand for heating fuel. Natural gas for settlement in March slipped 2.7% to $4.811 a million British thermal units on the NYMEX and was last seen at
The European benchmark Brent crude declined on Monday after a report showed that purchasing managers index in China dropped last month as production and new orders slipped and amid concerns that fuel demand may decline as the economy lost its momentum. Brent for delivery in March lost 40 cents to $106 per barrel on the London's ICE Futures Europe exchange.
West Texas Intermediate oil declined on Monday trading session falling for the second day on speculation that fuel demand in the world's second-largest crude consumer may ease after a report showed a slow-down China's economy. WTI for settlement slipped 71 cents to $96.78 per barrel on the NYMEX and was last seen at $96.98 by 9:13 a.m. in London.
The British Sterling declined on Monday session falling for the fifth straight day against its U.S. counterpart after a report showed that manufacturing output in the United Kingdom accelerated less that initially estimated in January. The Pound fell 0.4% to $1.6367 by 9:42 a.m. London time following a slide to $1.6363, the least since January 17.
German government bunds were little changed on Monday trading session after a report revealed that manufacturing production in the 18-nation bloc accelerated more than economists originally expected in the month of January. The benchmark 10-year bund yields at 1.67% by 9:13 a.m. in London following a fall to 1.64% on January 24, the least since August 5.
Activity in the production sector of Italy rises on a stable pace, while the key PMI Index, which evaluates the activity level in country's manufacturing, declined slightly to 53.1 points from 53.3 in December, which was the highest reading in 32 months. The reading above 50 points shows an advance in activity, while the volume of production in the country
The manufacturing sector in Spain posted a significant increase in activity in January of this year, as the benchmark PMI Index, which measures activity in this particular sector of country's economy, rose to 52.2 points, accelerating from 50.8 points in December. Therefore, Spanish production sector now improves at the highest pace since April 2010, as the economy of the country
According to the Chinese National Bureau of Statistics data, activity in the non-manufacturing sector of country's economy increased in January on its slowest pace at least since July 2013, as the benchmark PMI Index declined to 53.4 points from 54.6 in December. It is worth pointing out that a decline was registered by all components of the index – orders,
Approvals for building in Australia decreased in December of the previous year for the third consecutive month, dropping 2.9% on a monthly basis and reaching 16,141. Economists forecasted the indicator to lose 0.5% after a 1.5% decline in November. At the same time, on the annual basis building permits surged 21.8%, but also missed expectations for a 23.4% rise.
Activity in the manufacturing sector of Switzerland increased much more than predicted in January of this year, while the benchmark PMI Index from Credit Suisse bank and SVME association rose to 56.1 points. Economists expected the index to rise to 55.4 points from 55 in December. At the same time, the reading of index above 50 points indicates expansion of
Google Inc. released its financial results for the last quarter of the previous year, significantly exceeding estimates for revenue, but falling short with net profit. Revenue increased 11% to $13.6 billion amid higher sales from ads during Christmas period, while EPS reached $12.01. Today, Google Inc. shares are jumping 3.5% to $1,175 per share by 11:20 GMT at pre-market in
The consumer price index in the Eurozone remained below even the half of the ECB target rate of 2%, as energy prices pushed the inflation down. The annual CPI reached 0.7% in January of this year, down from 0.8% a month ago and less than 0.9% predicted by analysts. Therefore, there is an increased probability that the ECB will take
Natural gas futures traded in New York fell further on Friday extending the largest drop in over four years after the weather forecast showed that temperatures in the U.S. should rise in the beginning of February. Natural gas for settlement in March slipped 2.7% to $4.875 a million British thermal units on the NYMEX and was last seen at $4.962
European shares tumbled on Friday trading session with the local benchmark index Stoxx Europe 600 heading for its worst beginning of a year since 2010 before reports showed that unemployment in the Eurozone remained unchanged and consumer sentiment in the U.S. rose. The Stoxx Europe 600 Index slid 0.4% to 321.93 as of 8:35 a.m. London time.
U.S. Treasuries increased on Friday heading for their largest monthly advance in over a year as demand for safe-haven assets were boosted by the Federal Reserve's decision to trim its stimulus measures and as China's manufacturing slowed down. The U.S. benchmark 10-year yields fluctuated at 2.69% by 8:40 a.m. in London.
West Texas Intermediate crude declined on Friday trading session on concerns that its recent jump to the strongest prices in 2013 was too rapid as the futures were set to record the third straight weekly gain. WTI for delivery in March slipped 45 cents to $97.8 per barrel on the NYMEX and was last seen at $97.86 as of 3:58
Unemployment level in Japan unexpectedly dropped much more than predicted in December of the previous year, pointing on the recovery of the labor market. The indicator was down to 3.7% in December from 4% in November. Analysts, in turn, waited for a slight decrease to 3.9%. The total number of people without a work dropped 13.1% on the annual basis,
The consumer price index in Japan jumped to its largest level in five years, as the consumer confidence increases, showing that governmental stimulating policies start to bring first results. Annual inflation inched up to 1.3% in December from 1.2% in November. Economists predicted no changes. Currently, the Bank of Japan target inflation rate is 2%, which should be reached by
Current situation in economy of the 18-nation bloc improved in January and stayed in positive figures for the fifth successive month, a report published by the Bank of Italy showed on Friday. According to the report, the Eurozone's current economic situation index rose from 0.29 recorded in December to a level of 0.31 in January.
Inflation in Spain measured as harmonized index of consumer prices stayed flat in the month of January matching preliminary estimates, a report published by the statistical office INE showed on Friday. Spanish consumer price inflation eased from December's level of 0.3% to 0.2% recorded in the following month, while it was seen to remain unchanged.
Producer prices in France remained stable in the last month of 2013 despite an initial forecast showing declined in prices, the latest data revealed by the statistical office Insee showed on Friday. France's producer price index stayed flat in December compared to a 0.2% declined expected by economists as quarrying and mining sector advanced 2.1% and manufacturing sector fell 0.7%.