Chinese equities advanced on Tuesday rising to the strongest level in a month mainly due to an increase of materials and steel companies after a money-market rates drop for a third straight day before the next month's resumption of IPO. The Shanghai Composite Index added 0.9% to 2,227.78 as of 2:36 p.m., while the CSI 300 Index gained 1.2% to
Gold increased on Tuesday rebounding from the lowest level in five months after recording the largest one-day decline since October as traders expect the Federal Reserve to curb its monetary easing amid signs of an economic improvement in the U.S. Bullion for December settlement added 0.4% to $1,224.39 an ounce following a fall to $1,223.60 by 3:02 p.m. Singapore time.
European stocks declined on Tuesday falling for the third straight session before a government data showed that U.S. jobless claims improved suggesting that the Federal Reserve may curb its stimulus soon amid batch of favourable economic data from the country. The Euro Stoxx 50 futures expiring in December lost 0.2% to 3,072 as of 7:13 a.m. London time.
The Japanese central bank is set to craft another round of monetary easing this week totaling about $53 billion in order to spur the economic growth as the country is planning to raise its national tax next April, the largest step to fight the government debt in decades. The Bank of Japan's Governor Shinzo Abe ordered a financial aid package
The Japanese Yen weakened on Tuesday traded close to its lowest level in a six-month period versus the U.S. Dollar and a five-year low against the 17-nation bloc currency and the British Pound as Bank of Japan claimed more stimulus. The Yen dropped 0.2% to 103.10 per U.S. Dollar, it also declined 0.2% to 139.50 per Euro and it reached
Wall Street shares inched lower on Monday as investors stopped buying stocks after eight successive weeks of rallying and as the U.S. mining sector equities dropped together with a notable fall in precious metals. The Dow Jones industrial average shed 0.48% to 16,008.77, the Standard & Poor's slipped 0.27% to 1,800.90 and the Nasdaq Composite Index decreased 0.36% to 4,045.26.
Asian equities declined on Tuesday falling below the 50-day average after batch of favourable economic data suggested that the Federal Reserve may scale back its monetary easing soon and as Japan's Yen slipped on further Bank of Japan's stimulus. The MSCI broadest Asia-Pacific Index outside Japan slid 0.6%, while Yen reached the weakest level in 6-months against the U.S. Dollar
The manufacturing sector in the U.S. continued to expand in November of this year, as the benchmark PMI Index, which shows the level of activity, surged to 57.3 points. At the same time, analysts predicted the index to slump to 55.1 points from 56.4 in October. Currently, the manufacturing sector accounts for 12% of country's economy. Nowadays, this sector shows
The power companies of the U.K. agreed to decrease prices for their services, when the government starts to subsidy some costs that are included in bills. U.K. Prime Minister and Deputy Prime Minister said that the average bill for electricity and heating is expected to decline by 50 pounds per year. Moreover, the country's government wants to ease some green
New car sales in France declined 4.4% in November of the current year, while the previous month had fewer working days than usually. With the usual number of business days, sales would rise 5.7%. The total number of cars sold reached 138,298. At the same time, the French car manufacturers PSA Peugeot Citroen and Renault SA posted an advance in
U.S. shares declined, after Standard & Poor's 500 Index climbed for a third straight month, as investors speculated on retail sales report and on nation's manufacturing data that surprisingly rose in November. The S&P 500 slid 0.2% to 1,803.19 as of 10:02 New York time, while the Dow Jones Industrial Average declined 0.3% to 16,036.77.
German shares were little changed, following its longest weekly winning streak since 1998, as U.S. manufacturing sector is expected to show a drop from fastest pace in more than two years. The DAX Index gained less than 0.1% to 9,407.88 as of 1:09 p.m. Frankfurt time and it advanced 4.1% reaching a record previous month and completed an eight-week climb.
The sovereign credit rating of the United States can be decreased in the medium term by Dagong rating agency from China, as federal budget problems are still not solved. The mentioned agency has already lowered the U.S. rating by one step from AA to A-, while China has the rating of AA+. Dagong predicts that in the worst case it
European shares declined, after three months of advances, as Spanish manufacturing data surprisingly fell previous month. The Stoxx Europe 600 slid 0.2% to 324.64 as of 1:12 p.m. London time; however, the equity-benchmark has climbed 0.9% in November, prolonging its rally to 16% this year. Standard & Poor's 500 Index futures gained less than 0.1%, while the MSCI Asia Pacific
The Japanese Yen depreciated to the lowest level in six months against the greenback after manufacturing sector expanded in China, Europe and also U.K previous month. Japan's currency slipped 0.5% to 102.90 per Dollar as of 8:57 a.m. in New York, after falling to 102.93, the lowest since May 23. The Yen slid 0.1% to 139.36 per Euro after declining
Canada's currency dropped to the lowest level in two years as weaker than expected exports last quarter strengthened the worries that Bank of Canada officials previously expressed on economic growth. The Canadian Dollar slipped 0.2% to C$1.0634 per U.S. Dollar as of 7:40 a.m. and it reached C$1.0654 per U.S. Dollar, making it the lowest level in approximately two years.
Wal-Mart Stores Inc. announced on Monday a significant increase in the number of clients that came for shopping during the night on Thanksgiving Day, a day before the Black Friday. As the company opened its stores two hours earlier, it managed to raise the number of transactions to 10 million. Today, the company's stocks are adding 0.1% to $81.01 per
The British currency climbed, advancing for a fourth day in a row versus the 17-nation currency, as U.K. manufacturing data indicated that in November it rose more than economists expected. The Sterling gained 0.5% to 82.61 pence per Euro as of 1:13 p.m. in London, after strengthening to 82.53 pence, the highest level since January 11. The Pound added 0.1%
The manufacturing sector of Greece continued to decline in November of this year, however, the pace of activity decrease slowed to its lowest level since September 2009. The data from Markit Economics shows the PMI benchmark index increase to 49.2 points in November versus 47.3 points a month earlier. At the same time, still the reading below 50 points shows
Activity in the production sector of Italy continued to expand in the last month, as the increase in number of new orders and manufacturing output led the employment level in the country to show the first advance since May 2011. The benchmark PMI Index for the manufacturing sector of Italian economy jumped to 51.4 points in November against 50.7 in
The number of approvals for building in Australia contracted 1.8% in October of this year on a monthly basis, reaching in total 16,491. Economists, in turn, predicted the number of approvals to slump 5% after a revised 16.9% jump a month ago. The building permits surged 23.1% on the annual basis in October, which also exceed economists' forecasts for a
Activity in the manufacturing sector of Spain started to decline once again in November of the current year, slumping for the first time in five months. The benchmark PMI Index, which measures the activity level in the sector, decreased to 48.6 points in November versus 50.9 a month ago. The reading below 50 points indicates a decline, while analysts awaited
The U.S. Dollar declined on Monday with the Dollar Index falling after it recorded the largest gain in November in a six-month period as demand for the haven currency weakened before manufacturing reports signaling less stimulus by Fed. The U.S. Dollar Index released by the Bloomberg tracking the currency performance against its 10-most traded peers dropped 0.1% to 1,019.51 by
German government bunds fluctuated on Monday trade about 0.05% from the weakest level since August before a report showed that manufacturing activity in the 17-nation bloc accelerated for the fifth successive month in November. German benchmark 10-year yields were at 1.70% as of 7:32 a.m. in London after it dropped to 1.65% on October 31, the least since August 8.