The Canadian currency weakened on Tuesday falling towards the lowest level in three years on speculation that the Federal Reserve may tapper off its monetary easing next week on the central bank's policy meeting. The so-called Loonie declined 0.3% and added 0.1% to C$1.0627 per Greenback as of 5 p.m. Toronto time.
Predictions of economists for the U.S. government bond yields at the end of next year are the strongest since July amid speculations that the U.S. Federal Reserve may begin tapering off its bond-purchasing program on the next week's policy meeting. Yields of government securities may climb to 3.41%, the Bloomberg survey showed today.
The European benchmark Brent crude advanced on Tuesday rising for the second successive month in November after output in Libya, the African largest oil holder, was curbed by unfavourable weather in the region. Brent for delivery next month gained 47 cents to $109.86 a barrel on the London's ICE Futures Europe Exchange.
West Texas Intermediate crude advanced on Tuesday before an industry report showed that inventories in the world's largest consumer of the oil, U.S., dropped for the second straight week. WTI for delivery in January increased 36 cents to $97.70 a barrel on the NYMEX and traded at $97.66 as of 1:13 p.m. in Singapore, while it dropped 31 cents on
Chinese stocks swung between gains and losses after the People's Bank of China raised its rate on the local currency against the U.S. Dollar and after an industry report showed that factory output in the country advanced 10% in November. The Shanghai Composite index added 0.1%, the Hang Seng index fell 0.2% and the Hang Seng China Enterprises Index slipped
Canada's equities increased on Tuesday rising for the second straight session and recording the largest two-day advance in a month as commodity producers climbed on rising copper and gold prices. The Standard & Poor's/TSX Composite Index increased 32.06 points to 13,312.78 as of 4 p.m. Toronto time and it gained 0.9% in the last two days.
Gold swung between gains and losses on Tuesday amid speculation that the U.S. Federal Reserve may scale back its aggressive monetary easing on the next policy meeting on December 17 and 18 on signs of economic improvement. Bullion for December delivery advanced 0.2% at $1,242.55 an ounce as of 12:20 Singapore time.
Business sentiment in the Asia's second largest economy declined in the last three months of 2013 as the performance of Japan's economy weakened notably in the previous quarter, a survey published by the Ministry of Finance and the Cabinet Office revealed on Tuesday. The large-company sentiment index slipped from 12 points to 8.3 points in the Q3 and it is
The euro-area currency advanced on Tuesday reaching the strongest level in five years against the Japanese Yen and a six-week high versus the U.S. Dollar after the last week's ECB policy meeting signaled no more stimulus by the area's central bank. The Euro was seen at 141.95 yen following an increase to 142.085, the most since October 2008, and it
The Wall Street shares closed higher with the benchmark Standard & Poor's 500 reaching its new record high on Monday as investors weighed prospects of the U.S. economy speculating whether the Fed scales back on the next policy meeting. The Standard & Poor's 500 Index added 0.18% to 1,808.37, the Dow Jones industrial average gained 0.03% to 16,025.53 and the Nasdaq Composite
Most of Asia's shares increased on Tuesday ahead of the U.S. Federal Reserve policy meeting and as stricter Eurozone's money market conditions pushed the 17-nation bloc currency towards the highest level in five years versus Yen and six-week peak against the Greenback. The broadest Asia-Pacific gauge outside Japan advanced, while the Japan's benchmark Nikkei 225 slid 0.4%.
James Bullard, the St.Louis Fed's President, said on Monday that the improving U.S. economy and its labor market increase the probability that the Federal Reserve will reduce stimulus soon. At the same time, he pointed out that the tapering amount should be limited due to very low inflation in the U.S. This year, James Bullard is the FOMC member. Also,
Retail sales in the second biggest economy of the world surged annually 13.7% in November of this year, as the stable recovery in China continued to increase the pace. At the same time, the manufacturing production in the country added 10% on the annual basis after a 10.3% advance a month ago. It is worth pointing out that all the
The consumer confidence index in Japan advanced in November, however, the pace of increase was much lower than analysts forecasted. The unadjusted index of consumer confidence in the country jumped to 41.9 points versus 41.2 a month ago. Meanwhile, economists expected the index to reach 44 points. At the same time, the evaluation of personal finances in Japan climbed to
The total number of new loans for buying property in Australia rose 1.0% in October of the current year, while the pace of increase declined from a month ago, when the indicator added 3.5%, being revised down from 4.4%. Therefore, the number of loans reached 52,305 in November. Analysts say that the total value of issued loans was $16.185 billion,
According to the Ministry of Economy data, the activity in the tertiary industry of Japan declined in October of this year, as the overall economic recovery in the country continues to be weak. The corresponding index, which measures the activity level, was down 0.7% in October. Experts, in turn, predicted the service sector in Japan to rise 0.1% after a
The manufacturing production in the largest economy of the Eurozone surprisingly dropped in October of 2013, marking the second consecutive month of a decrease. The indicator lost 1.2% on a monthly basis after a 0.7% fall in September. At the same time, analysts predicted the manufacturing production add 0.7% in October. On the annual basis, the output showed a 1%
Activity in the construction sector of Ireland continued to increase in November of this year, while new orders advanced as well. The benchmark PMI Index from the Ulster Bank, which measures the activity level in this particular sector of Irish economy, decreased to 58.8 points in November against 59.4 a month ago. At the same time, the reading above 50
The trade surplus in Denmark expanded to its highest level in 43 months in October of the current year, as the positive difference between country's exports and imports reached 9.3 billion kronor versus a 5.8 billion kronor surplus a month ago. Exports climbed as much as 2.6% on higher ships and aircraft shipping to other countries, while imports dropped 2.5%
The economy of Latvia shows better signs of the recovery, as country's GDP advanced 1.3% in the last quarter versus the second quarter, when the economic growth was only 0.1%. Analysts, however, predicted the Latvian economy to show a 1.2% growth. Meanwhile, the economy jumped 4.5% on the annual basis, as it was the second highest GDP increase in the
Economic decline in Cyprus decreased in the previous quarter of this year to 0.8% on a quarterly basis, while in April-June the country's economy slid 1.8%. At the same time, all the indicators matched analysts' forecasts. Moreover, the GDP decreased 5.3% on the annual basis after a 6% drop a quarter ago, better than economists expected. The Cyprus economy is
The U.S. currency increased on Monday rising versus the Japanese Yen before the Federal Reserve top officials speak about the stimulus measures raising speculations that the country's central bank may scale back soon. The Greenback gained 0.1% to 103.05 yen as of 6:52 a.m. London time following a 1.1% advanced recorded on December 6.
The Australian currency weakened on Monday snapping its two-day gain against the U.S. Dollar amid speculation that the country's economic growth may be lagged as the growth in the U.S. rose faster than forecast damping demand for local South Pacific assets. The so-called Aussie dropped 0.2% to 90.84 U.S. cents by 5:53 p.m. Sydney time following a 0.8% gain in
Japanese equities increased for the second straight day on Monday pushing the local benchmark index to its largest gain in a three-week period as the nation's currency weakened versus the U.S. Dollar and as the U.S. economy grew faster than forecast. The Topix Index added 1.6% to 1,255.32 in Tokyo, the biggest advance since November 15.