The 17-nation currency almost reached its highest level in seven weeks versus the greenback ahead of data that are expected to show that German factory orders bounced off in June. The Euro traded at $1.3252 as of 7:54 a.m. London time after appreciating to $1.3345 last week, the strongest since June 19. The shared currency gained 0.2% to 130.64 Yen,
Price of copper dropped after a release of a report showing that non-manufacturing PMI remained the same in July, signaling stagnancy in the biggest metal-consumer nation in the world. The metal declined 0.43% as of $3.159 per pound at 11:40 a.m. EDT. The service sector gauge was 51.3 in the last month, the same as in June. Readings above 50
Spanish ten-year bond yields declined to the lowest level in six weeks as a 17-nation currency bloc report showed a drop in services output was smaller than expected in June, adding signs the recovery is gathering pace. Spanish 10-year bond yield advanced one basis point to 4.58% as of 1:37 p.m. in London, while Portuguese yields fell to 6.54%, down
Gold declined for a fifth consecutive session in New York as demand for gold as a safe-haven waned on speculation the Federal Reserve will prolong monetary stimulus. Gold for December settlement dropped 0.3% to $1,306.30 per ounce as of 8:04 a.m. on the Comex, reversing an earlier advance of 0.7%. The yellow metal for immediate settlement fell 0.4% to $1,306.68
Five-year bond rates climbed to 1.36%, up four basis points, and the British Pound advanced for a second consecutive day versus the greenback as U.K services sector expanded by the most in more than half a year, beating economist estimates. The Sterling added 0.4% to $1.5351 as of 12:09 p.m. in London. Against the Euro, the Pound appreciated 0.5% to
欧盟委员会(Eurostat)公布，欧元区6月零售销售总量下降0.5%，预期为下降0.6%；年率下降0.9%，预期为下降1.2%。5月零售销售月率修正为增长1.1%，年率修正为增长0.3%。
According to a Eurostat report published today, Eurozone retail sales decreased 0.5% in June, better than predicted 0.6% decline. The indicator fell 0.9% year-on-year in June, while analysts expected a 1.2% fall. Retail sales were improving in May: a 1.1% increase month-on-month basis and a 0.3% advance year-on-year basis.
German shares climbed, with the regional benchmark DAX Index prolonging previous week's advance, as Deutsche Lufthansa AG rose. The DAX increased 0.2% to 8,422.1 as of 12:03 p.m. Frankfurt time and it added 2% past week, while the broader HDAX Index gained 0.2% as well. Moreover, the DAX index has climbed 10% this year to date.
Japan's currency traded 0.56% higher to 98.35 against the greenback as of 9:14 a.m. GMT as investors digest the U.S non-farm payroll data released on Friday. The report showed employers added 162,000 additional jobs, bellow the forecast of 185,000, boosting speculation the Fed may not reduce stimulus in September. Versus the British Pound, the Yen added 0.1% to 151.01.
European shares rose for a sixth straight day, the longest streak of gains yearly, as services output decreased at a slower pace than expected. The Stoxx Europe 600 Index climbed 0.5% to 305.62 as of 10:24 a.m. London time, the strongest level in approximately 10 weeks. The equity-benchmark advanced 1.8% previous week.
Pound jumped versus the greenback as strong construction and manufacturing report from Britain was posted. The Sterling gained 0.45% to $1.5354 versus the U.S. currency and added 0.34% to 0.8655 against the Euro, and remained steady at 151.12 versus the Japanese Yen. U.K. services advanced for the seventh month in July, as PMI increased to 60.2 last month, overshooting analysts
Gold climbed for a second day in a row as U.S. jobless data supported the Fed to continue with its monetary stimulus and on signs of risen demand after metal's prices decreased to the lowest in 14 days. Spot gold advanced 0.7% to $1,321.20 an ounce and traded at $1,314.66 as of 2:59 p.m. Singapore time. The yellow metal added
The common currency rose slightly versus its U.S. counterpart, as services Purchasing Managers Index in the Euro block's largest economy advanced less than forecast in July. The Euro climbed 0.08% to $1.3292 versus the greenback and fell 0.06% to 0.8679 versus the Sterling, and retreated 0.46% to 130.74 against the Yen. German final services PMI remained steady at 51.3 last
The Sterling rose moderately versus the greenback and the Euro, ahead of data that analysts said will indicate U.K. services grew for the seventh month in a row. The Britain's currency was at $1.5298 and at 86.78 pence versus the common currency. U.K. bonds declined 3.1% this year, with the treasuries falling 2.6%.
The Australian Dollar dropped to the weakest level since August 2010 after disappointing retail sales data pushed the currency down, ahead of the Reserve Bank Of Australia lawmakers meet on Tuesday. The Aussie retreated 0.27% to $0.8877 versus the greenback and fell 0.28% to A$1.4951 versus the 17-nation currency.
Asian shares mostly declined on Monday, failing to prolong their two-day jump from the last week despite the positive improvement on Wall Street. Only China's stocks advanced after the nation posted service sector PMI. Japanese benchmark Nikkei 225 retreated 1.44% to 14,258.04 and the Topix fell 0.89% to 1,185.53, while the Chinese Shanghai Composite rose 0.80% and reached 2,045.71.
The Kiwi fell to the lowest level in approximately a month versus its U.S. peer after China banned dairy product import from Fonterra Cooperative Group. New Zealand's Dollar depreciated 0.6% to 77.90 U.S. cents at 4:40 p.m. Sydney time, after reaching 76.93, the weakest since July 8. The Kiwi slipped 0.5% to NZ$1.1421 per Aussie, while the Australian Dollar fell
The U.S. currency retreated for a second straight day versus the Japanese Yen as investors speculated when the Fed will start to taper its bond-buying programme. The U.S. Dollar slipped 0.5% to 98.42 Yen as of 7:28 a.m. London time after declining 0.6% on August 2. It traded at $1.3274 per Euro, while the Yen appreciated 0.5% to 130.68 per
U.S. stocks continued to drop from the record-highs reached on Thursday as disappointing U.S. manufacturing and non-farm payrolls data boosted bearish mood among investors. The Standard & Poor's 500 gauge lost 0.19% to 1,703.63 at 11:29 a.m. GMT, while Nasdaq Composite declined 0.08% to 3,672.90. The Dow Average was down 0.25% to 15,589.00
The Canada's Dollar declined versus the majority of its main trading peers on speculation that below-expectations U.S. jobs data will not change the Federal Reserve plans to scale back monetary stimulus. The currency fell 0.3% to C$1.0373 per greenback as of 10:54 a.m. Toronto time. Unemployment rate of the U.S. Dropped from 7.6% to 7.4% in July.
Hungarian Forint advanced after weaker-than-expected U.S. payroll data boosted speculation the Federal Reserve may not hurry with reduction of bond purchases. The Hungary's currency added 0.6% to 298.97 per Euro at 4:10 p.m. in Budapest, the first increase in nine consecutive days. Forint lost 1.4% in July due to government's plan to phase out mortgages in foreign currencies.
U.K. stocks had first drop in five days after U.S. data showed that employers added fewer-than-expected jobs in the last month. The FTSE 100 lost 0.5% to 6,650.17 p.m. London time. The index still has a 1.5% weekly gain which started after a report suggested that the U.S. economy expanded more than forecast and the Fed announced it will maintain a loose policy.
Consumer spending in the United States climbed in line with expectations in June as income level grew. Household spending, which accounts for more than two-thirds of the nations economy, increased 0.5% following a 0.2% gain a month before. According to a Bloomberg survey, economists expected a 0.5% advance. Personal income rose by 0.3%.
The U.S. Dollar depreciated against the common currency after the non-farm payroll data release which showed additional 162,000 jobs in the last month, while 185,000 jobs were expected by investors. Since labour market is a major point of consideration for Fed's monetary policy, the data signals that QE may continue for a while. The greenback lost 0.40% to $1.3258 versus