Gold increased on Tuesday rising for the third straight day together with silver amid speculation the aggressive bond-purchasing program by the Federal Reserve may be reduced on the central bank's policy meeting starting today. Bullion for December delivery added 0.5% to $1,248.06 an ounce and traded at $1,245.64 at 2:31 p.m. Singapore time, while silver for settlement in December traded
Copper dropped on Tuesday trading session falling for the first time in an eight-day period amid speculation that the Federal Reserve may curb its stimulus program on the policy meeting starting today. Copper for settlement in three months declined 0.2% to $7,278 per metric ton on the London Metal Exchange as of 4:05 p.m. Tokyo time.
U.S. Treasuries rose on Tuesday with the benchmark 10-year yields rising before the Federal Reserve policy meeting starting today deciding whether to tighten the monetary easing as the Treasuries became the worst performing bonds in the world. The benchmark 10-year yields slipped two basis points, or 0.02%, to 2.86% by 6:41 a.m. London time.
Soybeans dropped on Tuesday trading session amid weather forecast in Argentina and Brazil showing rains for the area suggesting that crops may not be hurt by dry and hot weather. Soybeans for settlement in March declined 0.5% to $13.1925 per bushel on the CBOT and traded at $13.245 a bushel as of 1:51 p.m. Singapore time.
European benchmark Brent crude slipped on Tuesday following a session of increase yesterday after a report showed that gasoline inventories in the U.S. gained by 1.75 million barrels last week raising concerns that stockpiles may raise more. Brent for delivery in February declined 26 cents to $109.15 per barrel on the London's ICE Futures Europe Exchange.
West Texas Intermediate crude slipped on Tuesday after rising yesterday amid raising speculation that distillate and gasoline stockpiles in the U.S., the world's largest consumer of the commodity, advanced last week. WTI for settlement in January fell 25 cents to $97.23 a barrel on the NYMEX and traded at $97.36 as of 2:30 p.m. in Singapore.
South Korean producer prices decreased in November from the month before mainly due to a decline in prices of manufacturing industry products falling 0.4%, while services stayed unchanged, the Bank of Korea showed in a report on Tuesday. According to the report, the country's producer prices slipped 0.2% in November after dropping 0.4% in the previous month.
The Australian leading economic index measuring overall situation in the economy advanced for the second successive month in October following this year's upbeat trend, a data revealed by the Conference Board showed on Tuesday. Australia's leading economic index rose 0.5% on a sequential basis to October's 124.4 following a 0.3% jump in the prior month.
Australia's motor vehicle sales advanced in the month of November, however, the figure stayed below the forecast, a report revealed by the Australian Bureau of Statistics showed on Tuesday. According to the report, the country's overall sales of new vehicles added 1.8% standing at 94,978 in November, while it was projected to increase by 2.5% after rising 0.7% in October.
The Australian budget deficit is forecast to widen by more than economists initially expected in 2013-14 amid weaker prospects of local economy weighing on the nation's public finances, a report published by the Economic and Fiscal Outlook showed on Tuesday. According to the report, the country's deficit may widen to A$47 billion compared to a level of A$30 billion projected
European equities dropped on Tuesday trading session after recording the largest streak of gains in a two-month period as investors weighed the outcome of the Federal Reserve policy meeting starting today possibly bringing a stimulus scale back. The Euro Stoxx 50 Index futures expiring on Friday fell 0.3% to 2,967 as of 7:08 a.m. London time, while the London's FTSE
The Eurozone's currency traded higher on Tuesday rising against the U.S. Dollar and stayed near the strongest level in a month versus the British Sterling after an industry report showed that manufacturing activity in the 17-nation bloc accelerated. The Euro climbed to $1.3762, close to a two-year peak reached last week at $1.3811, while it fluctuated at 0.8443 pence per
Wall Street closed higher on Monday after recording the worst week in more than three months after an industry report showed an improvement in manufacturing suggesting that the Federal Reserve may curb its bond purchases on this week's policy meeting. The Dow Jones industrial average added 0.82% to 15,884.57, the S&P 500 Index gained 0.63% to 1,786.54 and the Nasdaq
The majority of Asian stocks advanced on Tuesday trading session after a government report showed that manufacturing production in the world's largest economy accelerated suggesting a possible stimulus scale back and as business activity in the 17-nation bloc expanded last month. The MSCI Asia-Pacific gauge outside Japan gained 0.4% following a drop to the weakest level in three months.
Canada's currency swung ahead of the start of Fed's two-day policy meeting that might be very important in terms of monetary policy. The Canadian Dollar traded at C$1.0583 per U.S. Dollar as of 7:52 a.m. Toronto time; however, it weakened versus the majority of most-traded counterparts ahead of tomorrow policy meeting.
European shares advanced the most in four weeks after manufacturing data topped the forecasts and as Fed's policy meeting is awaited by investors. The Stoxx Europe 600 Index added 0.9% to 312.66 as of 1:03 p.m. London time, however, the equity-benchmark declined for two consecutive days. Standard & Poor's 500 Index futures added 0.6%, while the MSCI Asia Pacific Index
U.S. stock-index futures rose, after they posted the biggest one-week decline in approximately four months, as investors speculated on when the Fed will start tapering its monetary policy. Standard & Poor's 500 Index futures expiring on March advanced 0.5% to 1,777.5 as of 7:34 a.m. New York time, reversing a previous drop of 0.8%. Dow Jones Industrial Average futures added
The British currency climbed for the first day out of last four against the U.S. Dollar after U.K. house prices fell for a second straight month in December. The Sterling added 0.2% to $1.6327 at 7:45 a.m. in London, after touching $1.6263 on December 13, the weakest level in more than a month. The Pound traded at 84.28 pence per
German shares gained slightly, following two weeks of declines, as Fed's two-day policy meeting that starts tomorrow is awaited by investors. The DAX Index rose less than 0.1% to 9,006.72 as of 9:10 a.m. Frankfurt time, while the HDAX Index was little changed. The biggest gainers on the DAX were Deutsche Telekom AG and Commerzbank AG, while Daimler AG and
The U.S. Dollar fell versus the 17-nation currency and the Japanese Yen as the investors speculated on U.S. data to forecast when the Fed will start tapering its monetary stimulus programme. The greenback slid 0.2% to 103.03 Yen at 10:14 a.m. in London, after reaching 103.92 Yen on December 13. The U.S. Dollar slipped 0.2% to $1.3765 per Euro, while
German government bunds increased on Monday gaining for the second successive session before a government report showed that manufacturing and service sector in the 17-nation bloc accelerated for the sixth straight month in December. Germany's benchmark 10-year bunds yielded two basis points lower at 1.81% as of 7:19 a.m. in London, the least since December 5.
U.S Treasuries advanced on Monday rising for the second successive day after a government report in China showed that factory output in the country accelerated at a slower pace than forecast spurring a demand for safe-haven bonds. The U.S. benchmark 10-year yield slipped 2 basis points traded at 2.84% by 3:42 Tokyo time.
European shares slipped on Monday with the local benchmark index Stoxx Europe 600 falling for the second straight week after a government report showed that manufacturing activity in China dropped last month and as investors weighed a timing of stimulus scale-back. Euro Stoxx 50 Index with this week's expiration slid 0.2% to 2,916 by 7:13 a.m. London time.
Wall Street shares declined on Monday pushing the benchmark indexes down from their all-time highs before tomorrow's policy meeting of the U.S. Federal Reserve that may bring a monetary easing scale-back. The Standard & Poor's 500 Index shed 0.5% to 1,759.80 as of 12:51 p.m. Hong Kong time, while the Down Jones industrial average lost 0.4% to 15,633.