Industrial production in the world's largest economy gained in the month of September on a sequential basis, a survey released by Bloomberg revealed on Monday. According to the survey, U.S. industrial output advanced by 0.4% month-on-month in September after recording the same result in the previous month, while manufacturing added 0.3% on the month following a 0.7% rise in August.
West Texas Intermediate crude fluctuated on Monday before a government data were released signalling that the Federal Reserve may start scaling back its monetary stimulus policy in the world's largest oil producer. WTI for settlement in December slipped 24 cents and traded at $97.61 a barrel on the NYMEX as of 1:5 p.m. in Singapore.
Chinese equities decreased on Monday falling for the fifth straight session and heading for the longest series of losses in a four-month period mainly due to drops of health-care and liquor companies offsetting jumps in energy producers. The Shanghai Composite Index slipped 0.2% to 2,128.37 as of 1:07 p.m., while the CSI 300 Index fell 0.4% to 2,358.96.
The U.S. Dollar stayed steady versus the majority of its most-traded counterparts on Monday after falling to the lowest level in 2 years last week as investors awaited result from the Federal Reserve's policy meeting. The U.S. Dollar index measuring its performance against basket of counterparts stayed at 79.205, close to a nine-month low at 78.998 touched on Friday.
Asian shares increased on Monday as the Australian benchmark index recorded the highest level in five years after stocks on Wall Street advanced to all-time high offsetting worries about China tightening its monetary policy. The MSCI Asia-Pacific Index outside Japan rose 0.8% after it fell 1.1% last week, while the Japan's Nikkei Index jumped 2.2%.
According to the survey of Hometrack house price tracking website, property prices in the United Kingdom added as much as 0.5% in October of this year on a monthly basis, the same as in September. The indicator shows an increase for the ninth month in a row. Moreover, on the annual basis housing prices surged 3.1% in October, increasing from
According to German newspaper Frankfurter Allgemeine Sonntagszeitung, the leading car and truck manufacturer in the country, Daimler AG, is planning to raise truck production in Germany, adding the third shift to its factories till the end of this year. The company reports an advance in demand. Moreover, the head of the truck division said that the company aims at 8%
State budget deficit in Australia will most likely jump during the current financial year, as the country observes increasing unemployment, slowing economic growth, while the stronger national currency leads to decline in manufacturing industry. Australian Treasury expects the deficit to reach $28.8 billion this year, while the budget balance will be returned not earlier than in 2015-16.
According to the latest data, sales of Japanese car maker Toyota added 2.8% in the third quarter of this year to 2.5 million cars, beating its main American competitor General Motors, which sold 2.4 million vehicles, up 5.5%. Economists predict the Toyota profit to jump during this fiscal year, while all Japanese manufacturers continue to benefit from government policies that
Retail sales in the United States could decline in September of this year, while American consumers bought fewer cars in that month. It can significantly influence the retail sales indicator. In August the sales added 0.2%, but in September economists predict them to advance 0.4%, excluding automobiles' sales. Motor vehicle sales, in turn, declined more than 4% in September.
West Texas Intermediate crude oil for December delivery added 37 U.S. cents to $97.48 per barrel at 11:33 am London time, on New York Mercantile Exchange, as, according to government data, U.S. crude output rose at the fastest pace since 1989, reducing demand for Saudi Arabian crude. Production of the crude oil in the U.S. jumped to 7.9 million barrels
The US government 10-year yield dropped one basis point to 2.51% as of 6:01 am in New York amid optimism Fed will postpone monetary stimulus tapering until March 2014, as US economy strengthens at slower pace. The price for 2.5% security note maturing in August 2023 added 63 cents per $1,000 nominal value, to 99,875.
Bank of America Corp. announced its plan to eliminate as much as 3,000 jobs across the U.S., while the majority of all cuts will be in the mortgage department. Bank's officials say that the number of accepted applications for mortgage shrank 60% from June to September. Bank of America Corp. stocks lost 0.28% to $14.17 per share during the yesterday's
Microsoft Corp. released its quarterly report for the July-September period, as the company showed better than expected results. Revenues of the company jumped 16% to $18.53 billion, as consumers bought more its products and services. Net income climbed 17% to $5.24 billion, or $0.62 per share. Today, Microsoft Corp. equities are surging 5.28% to $35.50 per share at pre market
Volvo AB, the largest car maker in Sweden, has posted an unexpected decrease in its profit for the third quarter of this year, as the stronger Swedish national currency trimmed company's earnings. The net profit declined 0.9% to 1.39 billion kronor with total revenues of 64.9 billion kronor, up 4.9%. Today, Volvo AB shares prices are going down 6.94% to
According to the newest data, business confidence in the largest economy of the Eurozone fell slightly in October of the current year, but the overall long-term trend continued to be positive. The decline was registered for the first time since April. The benchmark index reached 107.4 points against 107.7 in September. At the same time, a majority of analysts expected
Bullion for December delivery slipped 0.5% to $1,344.20 an ounce in New York on speculations Federal Reserve will slow its monetary stimulus as US economy strengthens, which reduces demand for gold as safe-haven asset. Gold for immediate delivery declined 0.2% to $1,344.38 an ounce as of 9:56 am, London time.
The kiwi depreciated versus all its 16 major counterparts following weekly decrease to 1.4%, as New Zealand's central bank is unlikely to increase borrowing costs, a measure that could boost the currency and negatively affect the exports. The New Zealand's currency slipped 0.3% to NZ$1.1540 per Australian Dollar at 4:52 pm in Sydney, while it weakened 0.4% to 83.23 U.S.
Retail sales in Italy did not change from the previous month in August of this year, while many experts forecasted the sales to add 0.2%. It is worth pointing out that Italian retail sales missed economists' estimates already for the 14th consecutive month. At the same time, July data was revised positively on both monthly and annual basis. It is
The Pound advanced 0.1% to $1.6224 at 9:44 am in London, after touching $1.6257, the highest level since October 1, as UK gross domestic product expanded at fastest pace in Q3 since the Q2 of 2010, according to government report. The Sterling advanced 0.4% against greenback during this week, while it changing hands at 82.21 pence per Euro.
Economic growth in the United Kingdom reached 0.8% in the third quarter of this year, while all the main sectors of country's economy posted an increase in output. The result fully matched economists' predictions. During April-June quarter economy grew 0.7%. At the same time, the Bank of England still does not plan to increase official interest rates, until the unemployment
The Canadian currency sunk 0.4% to C$1.0422 per greenback as of 5pm in Toronto, after reaching its lowest level since September 9, after Central Bank signalled a need for increasing the interest rates in the nearest future, amid risks for economic recovery. Meanwhile, the inflation is likely to stay above its 2% target, the Bank of Canada said. The so-called
The U.S. Dollar depreciated 0,2% to $1.3824 per Euro as of 6:54 in London, after reaching $1.3832, the lowest level since November 2011, amid negative estimations of U.S. consumer comfort index that will be released today and speculations the Fed will maintain its monetary stimulus for longer. The greenback fell 0.2% to 97.05 Yen, after touching 96.94, the weakest since
Initial claims for unemployment benefits dropped 12,000 to 350,000, which is 4,000 more than expected, comparing to 362,000 in previous week, Labor Department revealed on Thursday. The Labor Department estimates a fall of approximately 18,000 initial jobless claims to 340,000, while the official US unemployment rate slid 1% to 7.3% last month.