The Indonesian currency decreased on Tuesday falling to the lowest level since March 2009 after the country raised $190 million by selling U.S. Dollar-denominated bonds, short of $450 million target on speculation that the Federal Reserve may cut stimulus soon. The Rupiah slid 0.4% to 11,783 per U.S. Dollar by 10:02 a.m. Jakarta time, the least in almost 5 years.
The Chinese currency forwards traded near its lowest level in a one week on rising political tension after the world's largest economy revealed new defensive emergency measures over disputed islands with Japan. 12-month non-deliverable forwards fluctuated at 6.1535 per U.S. Dollar by 10:05 a.m. Hong Kong time following a touch of the lowest level since November 19 at 6.1560 yesterday.
The Euro has recorded the second-best performance so far this year among the most-traded currencies raising concerns that the increase may weighed on the euro-area economic growth in 2014, Nomura Holdings Inc.'s Jens Nordvig claimed on Tuesday. The 17-nation bloc currency has advanced 2.4% against the U.S. Dollar on an annual basis, the most after Danish Krone.
The British Sterling declined on Tuesday falling for the third straight day against the 17-nation bloc currency before Governor of the United Kingdome central bank Mark Carney testify about the country's inflation outlook and economic forecast. The Pound slipped 0.1% to 83.78 pence per Euro as of 7:44 a.m. London time following a 0.5% drop yesterday.
According to the new forecast from the Federal Reserve Bank of Philadelphia, U.S. economy will advance 1.8% in the current quarter, while on the annual basis economic growth will reach 1.7%, up from 1.5% that was predicted before. At the same time, the GDP is forecasted to increase the pace of growth in the upcoming years, as it will jump
Soybeans declined on Tuesday falling from the strongest level in a two-month period as traders weighed speculations that crops in Brazil and Argentina may be boosted by local rains against signs that demand for U.S. supplies rises. January soybeans futures slid 0.4% to $13.24 a bushel on the CBOT and traded at $13.2475 as of 2:19 p.m. Singapore time.
European benchmark Brent crude recorded a slight drop on Tuesday after falling 2.7% yesterday during intraday trading after the world powers and Iran decided to still hold about 1 million barrels a day as a remaining sanction for the country. Brent for settlement in January dipped 13 cents to $110.87 a barrel on the London's ICE Futures Exchange.
West Texas Intermediate oil rose on Tuesday rebounding from the steepest fall in a week on concerns that crude supplies dropped for the first time in a two-month period in the world's largest consumer of the commodity, U.S. WTI for delivery in January advanced 51 cents to $94.6 a barrel on the NYMEX and it traded at $94.52 as of
U.S. Treasuries increased on Tuesday with the 5-year securities reaching the highest level since June before an auction totalling $35 billion of 2018 notes today. The benchmark 10-year government bonds were little changed yielding at 2.73% by 6:51 a.m. London time, while the 5-year Treasuries fluctuated at 1.34%, 1.04% more than investors get from 2-year securities.
Japanese equities decreased on Tuesday with the local benchmark index falling for the first time in a four-day period as the country's currency strengthened and as the fall was led by automakers and consumer electronics companies. The Topix Index slipped 0.5% to 1,253.02 in Tokyo, while the Nikkei 225 slid 0.7% to 15,515.24 at the close.
Japan's small and medium-sized enterprises business confidence advanced further in November mainly due to an improvement in overall economic situation in the country, a data published by the Shoko Chukin Bank revealed on Tuesday. According to the data, the business confidence index gained from 50.8 in October to 51.1 points in the following month.
The Japanese currency strengthened on Tuesday recording a slight increased against the U.S. currency from the lowest level in six months after a government report showed that situation on U.S. housing market worsen. The Yen advanced 0.2% to 101.47 per U.S. Dollar rising from a six-month low reached on Monday at 101.915.
Wall Street shares closed higher on Monday with the benchmark index Dow Jones recording its new high and the Nasdaq topping a level of 4,000 for the first time in a 13-year period to close slightly below that figure. The Standard & Poor's 500 Index slid 0.13% to 1,802.48, while the Dow Jones industrial average added 0.05% to 16,109.63 and
Asian shares increased on Tuesday rising for the third successive session amid speculation over higher oil supplies after the world powers and Iran reached an agreement on Iranian nuclear program pushing the oil prices down yesterday. The MSCI Asia-Pacific gauge outside Japan gained 0.3% following another 0.3% advanced recorded yesterday.
The British Banker's Association released October's number of new mortgages approved for home purchase, which came in at 42.8K, a bit lower than the 45.2K expected by analysts. While Excluding September's number of 43.2K, the number for October is still the highest since February of 2010.
Wal-Mart Stores Inc., the largest retailer in the world, will hire back workers, who were fired after the November 22, 2012 strike, asking for the better pay. The decision to dismiss workers was protested by The Labor Relations Board. Now, Wal-Mart has either to hire them back or pay compensations. Yesterday, Wal-Mart Stores Inc. shares added 0.95% to $79.81 per
Business confidence in Netherland's industrial sector advanced in the month of November, a survey published by the Central Bureau of Statistics unveiled on Monday. According to the survey, the Dutch industrial sector confidence index measuring expectations of future levels of production rose from -0.5 recorded in October to -0.4 in the following month.
Industrial production in Taiwan advanced in October rising for the second successive month, however, the rate of growth was slower than economists initially expected, a preliminary report released by the Ministry of Economic Affairs unveiled on Monday. The country's industrial production gained annually 0.78% in October after it added 0.60% in the month before.
Producer prices in Spain declined in November falling for the second time in three months, the latest report published by the statistical office INE revealed on Monday. According to the report, the Spain's producer price index dropped 0.2% on an annual basis in November after it added 0.1% in the month before, while intermediate goods prices slid 2%.
According to analysts' expectations, around 300,000 households in the United States will not be able to pay its heating bills this winter, as the government spending sequester has cut the benefit amounts. The average data says that almost $2,100 is necessary to heat the four-bedroom flat, while the heating benefit is now only $800. The total heating benefit program was
German government bunds swung between gains and losses on Monday as the bonds prices slipped 1.3% this year through November 22 before this week's report forecast to show that inflation in the 17-nation bloc currency advanced in November. The benchmark 10-year bunds yielded at 1.75% by 7:13 a.m. in London and the 2 percent securities due in August 2023 traded
The Czech economic confidence in November advanced to 4.5, after it dropped to 2.9 in previous month, thus indicating that the consumers in Czech Republic are not that pessimistic about the current economic situation. Major contributor to the rise in confidence was advance in business sector, which jumped to 7.9, compared to 7 in October.
The South Korean currency jumped on Monday gaining for the second straight session amid speculation that exporters are selling U.S. Dollars as it's coming closer to the end of November to meet month-end expenses. The Won advanced 0.2% to 1,058.80 per U.S. Dollar by 9:44 a.m. Seoul time, only 0.4% off the strongest level in two years at 1,054.35.
The Indian currency strengthened on Monday rising against the majority of its most-traded regional peers amid optimism that current-account deficit may be shrank in South Asia as Iran and world's powers agreed on Iranian nuclear program. The Rupee increased 0.6% to 62.5050 per U.S. Dollar by 10:16 a.m. Mumbai time following a gain to the highest level since November 20