U.S. Treasuries advanced on Wednesday rising for the second straight day with the benchmark 10-year yields falling to the lowest level in three months as the Federal Reserve maintains its stimulus program delaying the scale-back to 2014. U.S. 10-year yields dropped 2 basis points to 2.49% by 12:59 p.m. Tokyo time, the weakest level since July 23.
The British Sterling strengthened against the U.S. Dollar and weakened versus the shared currency after a government data showed the country's budget deficit narrowed in September and as the U.K. gross domestic product continued to increase in the Q3. The Pound added 0.5% to $1.6219 following a gain to $1.6228, the most since October 3, and it dropped 0.3% to
U.K. Gilts advanced on Tuesday pushing the benchmark 10-year government yields towards the weakest level since August as demand for less riskier assets increased amid less U.S. payrolls added in September rising concerns of continued stimulus. The 10-year U.K. bond dropped 11 basis points to 2.63% as of 4:37 p.m. London time, the least since August 27.
Gold swung between gains and losses on Wednesday and traded close to the strongest level in more-than-a-three-week period amid speculation that Fed may wait with scaling back its stimulus program until the next year as payrolls rose less than forecast. Bullion for settlement in October was at $1,340.10 an ounce as of 7:57 a.m. Singapore time after it touched the
West Texas Intermediate crude declined on Wednesday falling for a third straight session after a government report showed that stockpiles in the world's largest consumer, U.S., advanced by 3 million barrels on the week ended October 18. December WTI futures fell 55 cents to $97.75 a barrel on the NYMEX and it traded at $97.87 as of 12:10 p.m. in
Japanese shares dropped on Wednesday pushing the local benchmark index towards the biggest decline in a two-week period after the country's currency improved against the U.S. Dollar and as Asian shares fall on lower Chinese money-market rates. The Topix Index slid 1.3% to 1,198.74 by 1:37 p.m. Tokyo time following an earlier gain of 0.7%.
The Australian Dollar declined on Wednesday reversing an earlier increase after the Chinese market recorded losses as money-market rates raised damping confidence of investors in the South Pacific overseas market outlook. The so-called Aussie slipped 0.4% to 96.69 U.S. cents by 3:23 p.m. Sydney time following and earlier increase to 97.58, the most since June 4.
Inflation measured as consumer price index in Australia jumped in the three months ended in September from the quarter before, a report published by the Australian Bureau of Statistics unveiled on Wednesday. The report showed that consumer price index rose 1.2% in the Q3 after it gained 0.4% in the Q2, while it was forecast to add 0.8%.
The U.S. Dollar depreciated on Wednesday falling against the 17-nation bloc currency to the lowest level in two years amid concerns that the Federal Reserve might not scale back its stimulus measures after a government report showed fewer payrolls in September than forecast. The Dollar index slid to a level of 79.141, while the greenback traded at $1.3791 against the
U.S. stocks increased on Tuesday trading session with the benchmark S&P 500 Index recording its new all-time high after a government report shower lower-than-projected results in job creation in September suggesting continued stimulus by Fed. The Dow Jones industrial average added 0.49% to 15,467.66, the S&P 500 advanced 0.57% to 1,754.67 and the Nasdaq gained 0.24% to 3,929.566.
Asian shares slipped on Wednesday as investors took their profits after a report showed that the payrolls in the U.S. increased less than economists originally expected suggesting that Fed might not scale back its stimulus. The MSCI Asia-Pacific index outside Japan traded off its session highs, while Seoul stocks fell from the strongest level in 26 months.
The US 10-year yield slipped seven basis points to 2.53% as of 10:10 am in New York, after touching 2.52%, the weakest level since July 24, as US payrolls increased more than expected in September, according to Labor Department releases, while the price for 2.5% security note due in August 2023 added $6.25 per $1,000 nominal value, to 99.
The Topix index advanced to three-week high, ahead of US employment data that was delayed by the US sixteen-day government shutdown. The Topix added 0.2% to 1,214.44 in Tokyo, after slipping 0.1% earlier, while The Nikkei 225 Stock Average rose 0.1% to 14,713.25. Asahi Kasei advanced 2.7% to 749 Yen and EPS Corp. jumped 4.8% to 98.900 Yen.
According to the research of the Bank of England, the economic recovery in the country will continue in the nearest future, however, the economic situation is still far away from what it was before crisis. Moreover, economists do not see any signs of property bubble in Britain. U.K. economy is forecasted to advance as much as 1.4% in 2013, showing
Property prices in China jumped from 16% to 20% in September of 2013, while the four largest cities of the country have seen a highest prices increase since the beginning of 2011. Prices in Shenzhen and Guangzhou regions climbed as much as 20% on the annual basis, while prices in Shanghai and Beijing added 17% and 16%, respectively. Analysts' concerns
Jobless rate in the United States decreased unexpectedly to 7.2% in September of this year, the lowest since November 2008, while the largest part of economists forecasted the rate to remain steady at 7.3%. Moreover, payrolls in September added 148,000, however, it was less than analysts predicted at 180,000. The September data followed the 193,000 rise in employment during August.
The European Central Bank plans to start checking Eurozone's banks for financial health of their balance sheets in early 2014. As the benchmark, the regulator will use a 7% capital buffer ratio. The ratio is calculated by dividing banks' capital on risk-weighted assets. Moreover, the biggest banks will be required to have an 8% ratio. The ECB is going to
September budget deficit in the United Kingdom declined to 11.1 billion pounds from 12.1 billion pounds in the same month of 2012, as tax revenues advanced amid economic recovery. Analysts forecasted a slightly larger budget gap. Moreover, from January till June the compound deficit decreased by 9% from 2012 data. The government predicts the deficit to fall to 7.5% of
Watch exports in Switzerland increased notably in the month of September mainly due to an additional working day and a favourable base effect, a report published by the Federation of the Swiss Watch Industry revealed on Tuesday. Swiss watch exports gained 8.5% standing at CHF 1.9 billion, however since January 2013 the nation has exported 1 million less watched than
Demand for business loans in Japan recorded a modest increase in the three months ended in September, a survey by senior loan officers by the Bank of Japan unveiled on Tuesday. According to the survey indicator measuring loan demand for company loans rose from -2 recorded in the Q2 to 4 in September quarter, while indicator showing loan demand of
Construction in the United Kingdom significantly improved in the three months ended in September mainly due to an increase of house building, the latest date revealed by the Royal Institute of Chartered Surveyors showed on Tuesday. Private sector home building in the U.K. advanced from 31% recorded in the Q2 to a level of 41% in the following quarter.
South Korean currency fluctuated on Tuesday traded near its highest level in nine months before a government report showed that the U.S. payrolls increased more than expected in September signaling less stimulus spurring emerging-market inflows. Won traded at 1,062.68 per U.S. Dollar as of 10:12 a.m. Seoul time after rising to 1,062.31 yesterday.
The Canadian currency reversed on Tuesday snapping a three-day winning streak on concerns the Bank of Canada lowers its economic forecast after the U.S. government partially closed last week having an impact in the nation's largest trading partner. The so-called Loonie slid 0.2% to C$1.0304 per U.S. Dollar as of 5 p.m. Toronto time.
Gold continued to decline on Tuesday falling for a third day before a report in the U.S. showed that the country's payrolls expanded by more than economists had expected signaling that the Federal Reserve may scale back its stimulus measures. Bullion for delivery in October slipped 0.1% to $1,314.70 an ounce as of 8:36 a.m. Singapore time following a 3.5%