Merchandise exports in India accelerated in December, however than rate of growth was lower than originally expected, a report revealed by the Ministry of Commerce and Industry showed on Friday. According to the report, India's exports gained 3.49% year-on-year to $26.35 billion in December, while imports dropped annually by 15.25% to $36.49 billion.
Unemployment in Switzerland stayed unchanged in December with the jobless rate recording a level of 3.2% remaining flat from November's level and matching initial estimates, a report published by the State Secretariat for Economic Affairs revealed on Friday. The total number of unemployed people recorded 149,437 in December.
China's trade balance came in surplus in the last month of 2013, however the surplus was significantly lower than in the previous year and it missed economists' estimated as imports rose and exports declined, the Customs Administration reported on Friday. The country's trade surplus dropped by 24.3% in December totalling $25.6 billion, while it was forecast to record $31.2 billion.
Export growth in the world's second largest economy eased by more than economists originally estimated in December as the global demand declined, a report revealed by the Customs Administration showed on Friday. According to the report, China's exports advanced 4.3% in December after rising 12.7% in the month before.
The U.S. Dollar weakened against the euro-area currency on Friday falling from its seven-week high as investors took some of their profits before a government report showed results from the U.S. labour market. The U.S. Dollar index measuring performance against its the most-traded peers dropped from 81.187, the most since November, to 80.953 earlier today.
The majority of Asian stocks held firm on Friday trading session after a government report showed that China's exports grew at a slower rate than initially forecast in December and imports advanced more than projected on the month and as investors expected U.S. jobs data today. The MSCI Asia-Pacific Index outside Japan rose 0.1% and the Hong Kong benchmark gauge
The New Zealand's currency held decline against its all major counterparts on Friday session before a government report showed that payroll in the U.S. declined suggesting that the economy gathered its momentum and the Fed may tapers stimulus as soon as on the next policy meeting. The Kiwi fell to 86.49 yen after trading at 86.52 yesterday, while it slipped
The Australia's Dollar slipped on Friday trading session heading for a weekly fall against its U.S. counterpart amid speculation that today's U.S. labour data may force the U.S. Federal Reserve to continue tapering its stimulus measures. The so-called Aussie fluctuated and was last seen at 89.01 U.S. cents by 5:38 p.m. Sydney time.
Corn traded in Chicago slipped on Thursday and traded close to the lowest level in three years amid speculation that the U.S. government may increase its forecast for global supplies as the country's inventories jumped at the faster rate in nineteen years. Corn for March delivery slid 0.4% to $4.155 per bushel as of 6:26 a.m. on the CBOT.
The Chinese currency declined on Thursday dropping towards the weakest level in over two years after the Federal Reserve minutes from the last policy meeting revealed that the central bank's policymakers observe economic benefits from its stimulus program. The Yuan slipped 0.06% to 6.0550 a U.S. Dollar, the largest fall since November 1.
The U.S. Treasuries declined on Thursday trading session with the benchmark 10-year yields falling towards the lowest level in a three-year period amid speculation that inflation may boost the country's auction of long 30-year bonds. 10-year government bonds dropped one basis point to 2.98% as of 10:44 a.m. New York time.
Producer prices in the world's second largest economy declined on an annual basis in the month of December with the same rate recorded in November, the latest data showed by the National Bureau of Statistics revealed on Thursday. According to the report, China's producer price index dropped 1.4% in December compared to 1.3% fall preliminary estimated.
Natural gas traded in New York declined on Thursday after the Energy Information Administration reported that inventories in the U.S. dropped more than economists originally projected last week. Natural gas for settlement next month slipped 5.3 cents to $4.163 a million British thermal units as of 10:35 a.m. on the NYMEX.
Emerging-market stocks declined on Thursday falling towards the lowest level in four months on concerns over weak economic growth in China and as commodity companies tumbled. The MSCI Emerging Markets Index decreased as much as 0.9% to 964.84 as of 10:16 a.m. New York time, while the Shanghai Composite Index dropped to its 5-year low.
U.S. shares gained, reversing this year's retreat for the Standard & Poor's 500 Index, as Macy's Inc. advanced and jobless claims declined ahead of start of unofficial earnings season. The S&P 500 climbed 0.2% to 1,841.27 as of 9:49 a.m. New York time, while the Dow Jones Industrial Average added 0.2% to 16,487.78. The S&P 500 has slid 0.6% this
Portuguese government plans to take an advantage from the optimism on the European bond market and decrease the borrowing costs considerably, while the country recently returned to the debt market, following Ireland. Analysts say that the country will have no problems in issuing its first debt in eight months. Today, yields for 10-year bonds have already dropped 0.11% to 3.98%.
Recently, Norwegian government announced its plans to decrease its ownership in Statoil ASA, which accounts for about 20% of the main index for Oslo. The symbol of Norway's wealth is by 67% owned by the government, and now it is looking for international expansion outside Norway. Today, Statoil ASA shares are declining 0.47% to 147.90 kronor by 14:40 GMT in
The total number of unemployment claims in the U.S. declined further during the week ended January 5, reaching 330,000. At the same time, the indicator for the week earlier was revised down to 345,000 claims versus 339,000 that were predicted before. Moreover, the four-week average number decreased to 349,000, meaning that cold weather in the U.S. had no negative impact
After the Thursday meeting, the Bank of England decided to keep the monetary policy unchanged, as the economy of the U.K. shows clear signs of a solid recovery. The BoE policymakers did not change the main interest rate, keeping it at 0.5%, while asset purchases remained at 375 billion pounds. The BoE will probably change the policy, when jobless rate
Industrial production in Germany jumped in November of the previous year for the time since August, meaning that the largest economy of the Eurozone continues to recover. Output climbed 1.9% on a monthly basis against October's 1.2% decline. At the same time, analysts predicted the growth of 1.5% in November. On the annual basis, manufacturing sector increased its output by
Gold advanced for the first day this week in New York on bets that lower prices will boost metal's physical demand. The yellow metal for February delivery gained 0.3% to $1,228.80 an ounce as of 7:40 a.m. in New York, while bullion for immediate delivery advanced 0.3% to $1,229.84. Gold fell 28% previous year, making it the biggest annual retreat
Janet Yellen, the next Federal Reserve chairwoman, said to the Time magazine on Thursday that the U.S. economy will most likely increase the pace of growth during the current year, while the unemployment level will decline. The economy is predicted to grow about 3%, as the recovery is developing much faster than before. Moreover, the inflation is projected to rise
European shares gained for a third straight day as the European Central Bank held its benchmark interest rate unchanged at its record low. The Stoxx Europe 600 Index rose 0.3% to 330.57 as of 1:38 p.m. London time and the gauge has advanced 1.1% since January 6. The equity-benchmark jumped 17% in year 2013 as world's central banks left their
The European Central Bank left its benchmark interest rate unchanged at its record low at the beginning of year, when the officials are at risk of running into conflict. They kept the benchmark refinancing rate at 0.25%, deposit rate at 0% and its lending rate at 0.75%, data were in line with previous forecasts. The Bank of England also held