Employment growth in the Europe's largest economy continued to increase at a steady pace in the three months to September, a report released by the Federal Statistical Office revealed on Tuesday. According to the report, the country's employment gained 253,000 or 0.6% on an annual basis in the Q3 after it advanced by 0.6% also in the quarter before.
German shares decreased on Tuesday snapping a three-day gain as S+S AG (SDF) and SAP AG declined overshadowing a report forecast to showed that investors' confidence in the country increased to the strongest level in four years. The benchmark index DAX fell 0.3% to 9,194.08 as of 9:40 a.m. Frankfurt time and it has added 21% this year.
The South Korean currency increased on Tuesday rising towards the highest level in a two-year period after the Federal Reserve officials signaled more stimulus spurring demand for emerging-market equities. The Won gained 0.2% to 1,055.95 against the U.S. Dollar at 10:32 a.m. Seoul time, a level not seen since October 24.
The Canadian Dollar advanced on Tuesday rising to the highest level in more than a week after the Chinese Communist Party revealed an economic reform improving an outlook for Canada's commodity exports. The so-called Loonie strengthened 0.2% to C$1.0415 per U.S. Dollar following a drop to C$1.049 by 5 p.m. Toronto time.
The New Zealand's currency slipped versus its Australian counterpart on Tuesday falling from the highest level in five years after a report showed that inflation in New Zealand topped its expectation in this quarter. The so-called Kiwi declined 0.2% to NZ$1.1270 per Australian Dollar by 3:20 p.m. Sydney time after it increased to NZ$1.1198 yesterday, the most since October 2008.
German government bunds increased on Tuesday pushing the benchmark 10-year yield towards the weakest level in more than a week before a government report showed that German investors' confidence slowed down in November. 10-year yields were little changed at 1.68% by 7:21 a.m. in London following a fall to 1.677%, the least since November 7.
The U.S. Dollar slipped on Tuesday falling for the second straight session against the Japanese currency amid concerns that the Federal Reserve representatives including its current Chairman Ben Bernanke may prefer continued stimulus until the economy improves. The so-called Greenback slid 0.1% to 99.85 yen as of 7:37 a.m. in London following a yesterday's 0.2% drop.
West Texas Intermediate crude dropped on Tuesday falling for the second successive session as traders assessed prospects of possible continued Fed's bond-purchasing program and as stockpiles in the U.S. slipped after rising for eight weeks. WTI December futures decreased 28 cents to $92.75 a barrel on the NYMEX and traded at $92.90 as of 3:55 p.m. in Singapore.
European benchmark Brent crude traded in London declined on Tuesday after the Federal Reserve Chairman-nominee Janet Yellen signaled that the bond-purchasing program may continue until its needed and as U.S stockpiles fell by 1 million barrels last week. Brent for delivery in January dropped 56 cents to $107.91 a barrel on the ICE Futures Europe Exchange.
Wall Street declined on Tuesday with the benchmark indexes S&P 500 and Nasdaq closing lower and the Dow Jones failing to close above a level of 16,000 after Carl Icahn commented the situation on global equity markets. The Standard & Poor's 500 Index slid 0.37% to 1,791.53, the Nasdaq Composite Index fell 0.93% to 3,949.07, while the Dow Jones industrial
Asian equities inched up on Tuesday rising to the strongest level in two weeks amid optimism over Chinese biggest economic reform measures since 1990 and as the U.S. Dollar slipped on concerns that Fed may continue its stimulus. The MSCI broadest Asia-Pacific index outside Japan added 0.1% following Monday's advance of 1.4%.
U.S. Senate Banking Committee plans to vote for a nomination of Janet Yellen as the new chairwoman of the Federal Reserve later this week. According to political experts' expectations, Democrats are going to vote for the nomination, while some Republicans oppose Yellen's plan to continue the bond-purchasing program, as the Fed's balance sheet has already reached almost $4 trillion.
According to the U.S. Conference of Mayors data, almost a third of the biggest U.S. cities and metropolitan areas will report no economic growth or even a decline in 2013. 119 out of 363 areas are included in that list, comparing with 73 areas in 2012. Economists explain the pessimistic outlook with the recent government Shutdown and the budget sequestration
William Dudley, the head of the Federal Reserve Bank of New York said on Monday that the U.S. economy is gaining pace of growth, as the labor market improves and the economy rises better than economists expect. At the same time, he pointed out that still it is not a time to finish the QE program, while the Fed's FOMC
According to the survey of the Reserve Bank of New Zealand, economists predict the inflation in the country to stay at 1.94% in the one-year period of time, comparing with 1.90% that they awaited in the third quarter. Moreover, in two-year perspective analysts forecast the inflation to reach 2.34%. At the same time, experts predict the unemployment in New Zealand
Foreign investment into Chinese economy advanced 5.8% in January-October of the current year, comparing with the previous year, while economists see the Chinese economy to rebound and increase the pace of growth. In October, in turn, the rise of the indicator stood at 1.2%. Investment from Asian economies surged 7.2%, but from the EU countries and the U.S. it added
Total foreign purchases of Canadian stocks surged to the highest level in four years, reaching $10.79 billion in September of this year, while investors sold $2.19 billion of shares a month earlier. At the same time, the investment in Canadian government bonds declined $3.73 billion during September. Analysts explain the decrease with Canadian stable AAA sovereign credit rating.
Shares on Wall Street increased on Monday rising to their new highs with the local benchmark indexes capping sixth week of climbs as traders weighed industrial output data on speculation the Federal Reserve monetary stimulus may continue. The Standard & Poor's 500 Index added 0.4% to 1,798.18 as of 4 p.m. New York time and the Dow Jones Industrial Average
Japan's equities are likely to surpass this year's high reached in May after the Federal Reserve Chairman-nominee Janet Yellen signaled monetary stimulus may continue weakening the Japanese currency. Japan's benchmark index Nikkei 225 Stock Average climbed 7.7% last week, the largest rally in four year, while broadest Topix index jumped 5.3% in a five-day period through November 15.
The South Korean currency gained on Monday rallying for the third successive session as abroad traders increased purchases of local stocks after the Federal Reserve Chairman-nominee signaled continued stimulus boosting emerging markets. The Won advanced 0.2% to 1,061.76 per U.S. Dollar by 10:18 a.m. Seoul time.
The Australian currency increased on Monday rising against the majority of its most-traded peers after the Chinese government revealed the largest economic reform since at least 1990 boosting Australia's exports outlook to China. The so-called Aussie climbed 0.4% to 94.03 U.S. cents by 5:45 p.m. Sydney time, while the Kiwi traded at NZ$1.1248 per Australian Dollar.
Indian Rupee advanced on Monday rising to the strongest level in a week amid traders' optimism that the nation's stocks purchases may be boosted by global funds and as U.S. may continue its monetary stimulus as Yellen signaled. The Rupee gained 0.5% to 62.84 per U.S. Dollar by 9:44 Mumbai time after it reached 62.7800 earlier on the session, the
Government bonds in the Europe's largest economy fluctuated on Monday amid speculation that this week's report may show that the 17-nation bloc area's economic growth increased for the fifth successive month. German benchmark 10-year bunds yielded at 1.71% by 8:57 a.m. in London after the rates fell to 1.65% on October 31, the least since August 8.
The surplus of the Eurozone's current account slumped to 13.7 billion euro in September of the current year from 17.9 billion euro a month earlier, while analysts predicted the surplus to reach 18.3 billion euro. At the same time, economists point out that almost all the surplus comes from the trade balance, while such countries as Greece, Spain and Portugal