Rubber futures for October settlement were lower by 1.7% to 259.2 Yen per kilogram on the Tokyo Commodity Exchange in the morning on Wednesday. Commodity futures lost 14% this year. The commodity slides as the Japanese Yen strengthened and China announced weaker than expected manufacturing industry data. Also, crude rubber stockpiles in Japan increased by 2% and reached 15,976 tons on 20th of April.
The Purchasing Managers' Index was 50.6 in April, what was lower than a 50.7 estimation of analysts and 50.9 value in March, as the National Bureau of Statistics announced on Wednesday. China's economy expanded at a slower pace signalling a continuation of the slowdown in the world's second-biggest economy. Signs about slowing economies are spread across Asian countries, as Japanese and South
Australia's Dollar kept a two-day gain against the greenback amid bets the Fed would maintain its commitment to quantitative easing. The so-called Aussie remained steady at $1.0365, while the kiwi appreciated 0.1% to 85.76 U.S. cents, being the best performer among 10 developed-market currencies. It is said that the Aussie's flexibility ensures strength of the state's economy.
The Pound Sterling posted its highest monthly advance against its U.S. counterpart after a report depicted British banks increased grants for homes in March, indicating that the economy growth is on the right direction. The Pound added 0.3% to $1.5545; however, it lost 0.2% to 84.70 pence per Euro. Generally the U.K currency slid 0.4% versus the shared currency in
The Canadian Dollar reached the highest since February as the state's economy expanded faster than expected and speculation rose that U.S. lawmakers would retain monetary easing measures. The currency climbed for the fifth day versus its U.S. peer and reached C$1.0054 per greenback, while Canada's largest export crude oil, slid 1.6% to $93.01 per barrel, cutting its monthly advance to
The U.S. currency dropped against the Yen for a fifth day amid speculation the Fed would not slacken its asset purchasing programme to limit borrowing costs as the economy loses pace. The Dollar declined 0.2% to 97.27 Yen and remained almost unchanged at $1.3164 per Euro, while the shared currency lost 0.2% to 128.04 Yen and Australia's Dollar worsened 0.2%
Asian stocks dropped from the most since June 2008, after Japanese currency appreciated 0.2% to 97.27 per greenback and data showed signs of a slowdown in global business activity; crude and copper fell as well. The MSCI Asia Pacific Index worsened 0.3%, while Japan's Topix Index lost 0.6%. Meanwhile, the S&P 500 Index rose to a record high after consumer
West Texas Intermediate crude plummeted for a second day as an industry group indicated the U.S. stockpiles increased for the first time in three weeks and OPEC's production rose to highest in five months. WTI for June settlement slid to $92.90 a barrel, down 56 cents, and contracts lost $1.04 to $93.46, while Brent for June delivery dropped 89 cents
Inflation in Italy eased on a more-than-expected pace on April missing the economists' forecast, a report released by the statistical office Istat showed on Tuesday. According to the report the inflation measured by the harmonized index of consumer prices added 1.3% year-on-year in April following a 1.8% climb recorded a month before, while month-on-month it gained 0.3% in April.
Unemployment in the Europe's largest economy rose at the faster rate than originally estimates in April amid extremely cold weather, which kept some workers out of work for longer time than usually, the Labor Agency reported on Tuesday. The total number of jobless people moved up by 4,000 on a sequential basis, totaling 2.94 million in April, while it rose
Inflation measured as harmonized index of consumer prices (HICP) in the Eurozone was below economists' projections slowing down for the fourth month in a row in April, a data unveiled by the statistical office Eurostat showed on Tuesday. The HICP index eased to 1.2% in April, down from 1.7% recorded in March, while it was forecast to fall just to
Unemployment rate in the euro area increased to the highest all-time level in March, while the jobless rate in the whole European Union stayed flat, the statistical office Eurostat reported on Tuesday. According to the report jobless rate in the EU17 recorded 12.1% in March, up from 12% in February, while unemployment rate in the EU27 remained at 10.9% in
Property prices in the U.S. metropolitan areas rose more than preliminary estimates in February, the latest figures released by Standard and Poor's revealed on Tuesday. The report showed that the S&P/Case-Shiller 20-City Composite Home Price Index added 9.3% on an annual basis on February after it advanced by 8.1% a month before.
Organization for Economic Cooperation and Development area's annual inflation slowed down in March after it moved up the month before mainly due to weaker growth in prices of energy and food, the organization's report showed on Tuesday. The OECD's area inflation rose annually by 1.6% in March following a 1.8% gain in February and a 1.7% climb in January.
European government bonds advanced on Tuesday after a report showed that inflation in the 17-antion bloc area decreased to the lowest level in more than 3 years and as the ECB is expected to lower the benchmark interest rate. German 10-year rates slipped to the lowest in 9 month at 1.18% and Spanish 10-year yield dropped to 4.12%, the lowest
European equities advanced on Tuesday with the regional benchmark index heading to the longest streak of monthly gains in sixteen years as Italy ended its political uncertainty after it formed a new government and as consumer spending in the U.S. rose in March. The Stoxx Europe 600 added 0.5% to 297.39, the highest figure since April 2, while it has
Emerging-market shares increased to their highest level in one month on Tuesday mainly due to a rally of technological sector companies led by Hermes Miscrovision Inc. as investors seek for more risky assets amid global monetary measures speculation. The MSCI Emerging Market Index gained 0.6% to 1,033.19 as of 12:41 p.m. Hong Kong time reducing this month's fall to 0.2%.
The 17-nation bloc currency rose together with European government bonds, when the yield of French notes recorded a historical low as weaker inflation raised a chance of more stimulus measures added by central banks. The Euro fell 0.2% to $1.3074 and it declined 0.4% to 127.52 per yen, while the French 10-year yields dropped to 1.70%.
Asian shares increased on Tuesday with the local benchmark index heading to the strongest closing price since June 2008 after the U.S. report showed that housing sales increased and amid speculation about further stimulus measures by central banks. The MSCI Asia Pacific Index advanced 1% to 141.92 as of 8:23 p.m. Tokyo time, while the index has gained 4.7 %
Gold traded in exchange-traded funds and products made from gold is heading for the largest drop in a month as investors seek for higher yielded assets amid sign of improving global economic recovery. Bullion for delivery in April dropped 0.2% to $1,474 an ounce as of 9:24 a.m. Singapore time, while assets in ETPs declined 168.22 metric tons to 2,281.62
Corn continued to climb on Tuesday as it extended gains to the largest level in 10 months after a report showed that cold and wet weather in the U.S., the world's biggest exporter, curbed planting. Corn for delivery in three months gained 1.4% to $6.69 a bushel on the CBOT, the highest figure for most-active futures since April 1, while
The Won rose to the highest in six months amid speculation exporters of South Korean are exchanging yields from overseas sales, and government bonds strengthened. The Won gained 0.3% to 1,103.50 per greenback, the most since March 14, while the return on the 2.75% government bonds due March 2018 dropped to 2.56%, down two basis points.
The New Zealand Dollar dropped after data depicted construction approvals suddenly dropped, easing pressure on the Reserve Bank to switch to more contractionary monetary policy. The so-called kiwi worsened 0.1% to 85.60 U.S. cents and lost 0.1% to NZ$1.2094 versus Aussie, which remained almost unchanged and stood at $1.0353. During April 2013, the N.Z. Dollar has appreciated 2.9% versus the
Unemployment in Japan fell in the month of March missing economists' expectations, the latest report revealed by the Finance Ministry unveiled on Tuesday. According to the report the Japanese unemployment rate decreased from a level of 4.3% recorded in February to 4.1% in March, while it was forecast to climb to 4.2% by Dow Jones Newswires survey.