Apple Inc., the most valuable company in the world, announced its quarterly financial results for July-September, as the revenues added 4% to $37.5 billion, while profit amount reached $7.5 billion, down from a year earlier. According to the official data, iPhone sales surged, while other products' sales remained flat or declined. During Monday, Apple Inc. shares added 0.74% to $529.88
U.K. mortgage approvals grew to more than a five year high in September, supporting that the property market is strengthening. Lenders gave 66,735 mortgages, it is the highest reading since February 2008; however, last month it reached 63,396, according to the Bank of England. Home-loan rates dropped to 3.3% that is a record low, while gross mortgage lending reached 15.6
German shares climbed as investors awaited for Fed's policy meeting's outcome that will begin today and speculated that officials will hold off to start tapering its bond-buying programme. The DAX Index gained 0.2% to 8,995.64 as of 9:51 a.m. Frankfurt time and it has advanced 4.7% in October, while the HDAX Index rose 0.2% today.
European shares gained as major companies reported their earnings and as the Fed began its meeting. The Stoxx Europe 600 Index rose 0.3% to 320.33 as of 10:50 a.m. London time; however, the equity-benchmark snapped its three-week climb by declining 0.2% on Monday. Standard & Poor's 500 Index futures slipped less than 0.1%, while the MSCI Asia Pacific Index slid
U.K. shares rose, prolonging its rally to the highest level in five months, as British Petroleum posted better than expected earnings, while Fed's policy meeting's outcome was awaited by investors. The FTSE 100 Index gained 0.5% to 6,756.43 as of 9:21 a.m. London time, its highest level in five months. The FTSE All-Shares Index climbed 0.4%, while Ireland's ISEQ Index
The British currency reversed previous drop that sent the currency to the lowest level in two months against the Euro after nation's U.K. mortgage approvals grew in September. The Sterling slipped 0.2% to 85.54 pence per Euro at 10:03 a.m. in London after depreciating to 85.72 pence, the lowest level since August 29. The Pound slid 0.3% to $1.6096 after
Retail sales in Spain increased in September rising for the first time in more than three years, a report published by the statistical office INE revealed on Tuesday. According to the report the country's retail sales grew 2.2% on an annual basis in September recording the first advance since June 2010, compared to a forecast of a 2.1% rise and
German government bunds fluctuated on Tuesday as the benchmark 10-year yields traded close to the lowest level since August before auctions of Italian and Finnish debt. German 10-year government bund yielded at 1.75% by 7:12 a.m. London time following a fall to the lowest level since August 13 at 1.74% on October 24, and it has lost 1.4% so far
The Australian Dollar declined on Tuesday falling to the weakest level in almost two weeks after the Reserve Bank of Australia's Governor said that the Federal Reserve eventually tapers its stimulus program debasing the U.S. currency. The so-called Aussie dropped 0.7% to 95.09 U.S. cents as of 4:15 p.m. Sydney time and reached the lowest level since October 16 at
Gold advanced on Tuesday traded near the strongest level in a five-week period after the U.S. government data signalled that the Federal Reserve may continue its $85 billion bond-purchase program after its 2-day policy meeting. Bullion with settlement in October added 0.6% to $1,360.76 an ounce and traded at $1,354.12 as of 2:46 p.m. Singapore time.
The South Korean currency strengthen on Tuesday traded near its highest level in two years after a government report showed that current-account surplus increased and the nation's exports outlook improved. The Won traded at 1,060.62 per U.S. Dollar at close in Seoul following an increase to 1,061 yesterday after it reached the strongest since August 2011 at 1,054.35 on October
West Texas Intermediate oil declined from the strongest level in a seven-day period on Tuesday before a report showed that inventoried of the crude in the world's largest consumer, U.S., advanced to 4-month high. WTI futures expiring in December slipped 47 cents to $98.21 a barrel on the NYMEX and the prices were at $98.26 as of 3:55 p.m. in
European shares fluctuated on Tuesday with the benchmark Stoxx Europe 600 Index snapping a three-week gain as investors awaited corporate earnings and an outcome of the Federal Reserve's meeting suggesting stimulus until early 2014. Euro Stoxx 50 Index futures with settlement in December fell 0.1% to 3,013 as of 7:08 a.m., while the Stoxx Europe 600 Index dropped 0.2% yesterday.
Copper traded in London declined on Tuesday falling for the first time in a four-day period before a report showed that consumer confidence in the U.S. slipped to a 5-month low and the Federal Reserve begins its two-day policy meeting. Copper for delivery in January decreased 0.8% to $7,135.25 a metric ton and it was at $7,181 as of 4:07
The Pound weakened 0.2% against the Dollar for a third day, before the Bank of England announces the mortgage approvals. The Sterling dropped 0.2% against the Eurozone's currency, thus reaching the lowest level in two months. So far the Pound has gained 3.1% in last three months, having the best performance among its major peers, while the Euro has advanced
The U.S. Dollar strengthen on Tuesday traded close to the lowest level in nine months as investors bet the U.S. central bank may maintain its bond-purchase program into early next year on its 2-day policy meeting. The Dollar index measuring performance of the currency against its most-traded counterparts jumped to 79.388 traded near the lowest since February 1 at 78.998.
Asian and Australian stocks declined on Tuesday as investors awaited results from U.S. reports and Fed's 2-day meeting suggesting further aggressive stimulus measures by the nation's central bank totalling $85 billion a month. Japan's Nikkei stock average slipped 0.5%, while he Australian shares index fell 0.5% from its five-year high recorded yesterday.
Small business sentiment indicator in Japan continued to increase in October with the index measuring a confidence among businesses in the small-scale industries sector rose from 49.7 in August and 49.8 in September to 50.8 the following month. The manufacturing sector business sentiment index advanced from 50.4 in September to 50.9 in October.
The central bank of India lifted the benchmark interest rates for the second successive month on Tuesday on a policy meeting as Governor Raghuram Rajan tries to fight against inflation in the country. The repo rate was raised by 0.25% to 7.75%, the reverse repo rate went up from 6.50% to 6.75%, while the cash reserve ratio was maintained at
The jobless rate in Japan recorded a modest decline in the month of September matching economists' expectation, according to a report showed by the Ministry of Internal Affairs and Communication on Tuesday. The report showed that unemployment rate came in at 4.0% in September after it recorded 4.1% in the previous month.
Japanese retail sales recorded an increase in September rising more than economists preliminary estimated, the Ministry of Economy, Trade and Industry reported on Tuesday. According to the report the country's retail sales advanced by 3.1% compared to a 1.8% gain originally expected following a 1.1% jump in August.
Household spending in the Asia's second largest economy notable increased on the month of September, when the figure advanced 3.7% on an annual basis standing at 280,692 yen, a report published by the Ministry of Internal Affairs and Communication revealed on Tuesday. The report also showed that the average monthly income per household was 431,931 yen.
Chinese stocks retreated to the seven-week low, after small businesses reported decrease in sales and the People's Bank of China failed to decrease money rates. The Shanghai Composite Index depreciated 1.7%, thus loosing total of 3.4% this month and coming closer to the first fall in four months. Zhejiang Beigmate Technology Industry & Trade Co. plummeted 8.9% after announcing reduction
The Japanese Yen advanced versus all of its 16 major counterparts, after Japan reported an increase of 1.8% in retail sales that exceeded estimates. The Japan also faced decrease in unemployment by 0.1% in September. The Yen gained 0.2% against the Eurozone's currency and 0.1% versus the U.S. Dollar, thus ending the two-day fall. The Bank of Japan is going to release new forecast on economies