Emerging-market equities gained for the fifth straight session as Brazil's benchmark index Ibovespa rallied to a five-month high amid increase of Petrobras and as China may boost financial aid to small business in order to maintain long-term 7% growth. The MSCI Emerging Markets Index rose 0.1% to 1,042.66, while the Ibovespa added 5.3% to the most since May.
China's leading index measuring the overall economic activity continued to expand in September as real estate activity credit growth increased, a report unveiled by the Conference Board showed on Monday. According to the report the country's leading index rose 0.9% to 271.8 in September after it advanced by 0.8% and 1.4% in August and July respectively.
Soybeans declined on Tuesday falling from the strongest level in nearly two weeks as U.S. farmers accelerated harvesting and as crop outlook in Brazil, the world's biggest producer, was raised amid rains in the country. January soybeans futures slipped 0.5% to $12.9425 a bushel in the CBOT and were traded at $12.9775 as of 11:07 a.m. Singapore time.
West Texas Intermediate crude dropped on Tuesday and traded below a level of $100 a barrel for the second straight session as a report showed that stockpiles in the world's largest consumer, U.S., advanced to the highest level in 15 weeks. November WTI futures expiring today slipped 37 cents to $98.85 a barrel on the NYMEX, while December contract slid
China's shares declined on Tuesday as developers companies fell to the lowest level in six weeks, smaller companies lost on speculation that valuations are excessive and as a report showed that home prices rose more than expected signaling a possible tightening of property curbs. The Shanghai Composite Index dropped 0.7% to 2,214.51 as of 11:30 a.m.
The Australian currency fluctuated on Tuesday and traded close to the strongest level in a four-month period after the country's largest exporter export, BHP Billiton Ltd., increased its forecast of iron ore production. The so-called Aussie traded at 96.46 U.S. cents as of 3:30 p.m. Sydney time following an increase to the highest figure since July 4 at 96.79 yesterday.
The U.S. Dollar inched higher on Tuesday and traded above the lowest level in eight months before a report showed that payrolls in the U.S. increased more than economists originally expected suggesting a continued stimulus by Fed. The U.S. Dollar index tracking its performance versus its major counterparts rose 0.1% to 79.779, more than Friday's level of 79.478, the least
Asian stocks retreated on Tuesday easing from the highest level in five months as technical indicators signaled that the charts stayed in "overbought" territory and as investors awaited U.S. jobs data expected to show an increase in payrolls. The MSCI Asia-Pacific index outside Japan dropped 0.3%, while Tokyo's Nikkei stock average slipped 0.2%.
Home prices in Chinese 70 major cities advanced for a ninth successive month in September from a year before, the latest data revealed by the National Bureau of Statistics showed on Tuesday. According to the data, China's home prices increased 9.1% in September year-on-year, while on a monthly basis the prices added 0.7% after rising by 0.8% in August.
Bullion for December delivery added 0.1% to $1,315.50 an ounce as of 7:52 in New York, after touching $1,328.90 on October 18, the highest level since October 8, as the Fed is expected to delay tapering its quantitative easing programme until March 2014, while immediate delivery price for gold in London slightly changed to $1,316.69.
German 10-year bund added one basis point to 1.84% as of 12:28 pm in London after slipping to 1.82% on October 18, the weakest since October 9, amid optimism upcoming Eurozone manufacturing, confidence and services data will reveal signs of improvements. The price for 2% security note due in August 2023 was at 101.415.
Property prices in London surged as much as 10% in October of this year, as the demand for houses from foreign investors rises, while the supply stagnates. Investors evaluate London property as the safe asset to invest in. The average value of a house added 10.2%, or 50,484 pounds to 544,232 pounds. At the same time, house prices in whole
Polish government plans to borrow more money in 2014 in order to cover its 2014 budget deficit. Country's Finance Minister said on Monday that U.S. Federal Reserve's tapering delay can push bond yields lower for some period of time, allowing Poland to borrow cheaper. After the October 18 auction, where Polish government sold 700 euros of bonds, yields declined to
Apple Inc., one of the largest consumer electronics producers in the world, is planning to announce its new iPad tablets on Monday. Experts are waiting from the company to release a new iPad Mini 2 and iPad 5. At the same time, Apple faces a strong competition from Asian tablet producers. Today, Apple Inc. equities are adding 0.65% to $512.18
According to the research of German Bundesbank, the property prices in the country are strongly overvalued, probably by 20%, as the demand for new houses surges on a faster pace than construction. It is said that apartments in Berlin, Frankfurt, Stuttgart, Hamburg and Munich became 25% more expensive since 2010, while one of the reasons of such an increase could
Royal Philips NV increased its net profit for the third quarter of this year amid higher than predicted demand for lighting bulbs. Moreover, the Dutch company has cut 6,700 jobs, reducing costs by 1.1 billion euros. Earnings jumped 33%, reaching 634 million euros, beating the analysts' estimates. Royal Philips NV shares are trading 6.45% up to 26.00 euro per share
Shanghai Metersbonwe Fashion & Accessories Co. climbed 10%, while the Shanghai Composite Index added 1.6% to 2,229.24, the highest advance since October, after Chinese government called for implementation of policies that will increase financial aid for small businesses, reduce overcapacity and boost domestic consumption. The CSI 300 Index gained 1.9% to 2,471.32 and Hang Seng China Enterprises Index sank
United Kingdom's house prices increased in October after recording two successive months of drops as prices in London reached an all-time high, a survey released by the Rightmove unveiled on Monday. The survey showed that average property prices gained 2.8% on a monthly basis standing at GBP 252,418 in October after they decreased 1.5% and 1.8% in September and August
Industrial orders in Italy declined for the tenth successive month in August, and at a notably faster rate than in the month before, the latest data revealed by the statistical office Istat showed on Monday. Italy's industry new orders dropped 6.8% on an annual basis on August following a 2.2% fall recorded in the previous month, while on a monthly
Producer prices in Germany dropped for the second successive month in September, when the decline exceeded original forecast, a report published by the statistical office Destatis showed on Monday. According to the report the country's producer prices fell 0.5% year-on-year in September and August, while the prices were projected to record a 0.7% slide.
Wheat jumped on Monday gaining for the third straight session to the strongest level in a four-month period amid concerns that global supplies may be curbed on damaged crops in Argentina caused by cold and dry weather. Wheat for December delivery advanced 0.8% to $7.1125 a bushel on the CBOT, the most since June 21, and the prices were at
Copper traded in London advanced on Monday rising for a second day after a report showed that imports of refined metal in the world's largest user, China, jumped 18% to 347,305 metric tons in the month of September. Copper for settlement in January gained 0.3% to $7,267.75 a ton as of 8:05 a.m. after the prices rose 0.2% on October
West Texas Intermediate crude fluctuated on Monday after falling 1.2% last week before a report showed that inventories in the U.S., the world's largest oil consumer, advanced to the highest level in three months. WTI for settlement in November expiring tomorrow was traded at $100.66 a barrel on the NYMEX and it fell 15 cents as of 2:49 p.m. in
Asian stocks increased on Monday pushing the local benchmark index to the strongest level in five months amid concerns that the Federal Reserve will maintain its bond buying program totaling $85 billion a month. The MSCI Asia Pacific Index gained 0.2% to 143.69 by 5:16 p.m. Tokyo time as two shares rose for each that dropped.