Emerging-markets shares decreased on Monday falling from the highest level in five months mainly due to declines of raw material producers and industrial companies and as internet companies shares rose. The MSCI Emerging Markets Index dropped 0.1% to 1,041.20 as of 4:15 p.m. Hong Kong time after it gained four days in a row pushing the index's RSI indicator to
The Pound traded at $1.6169 as of 7:42 am in London, after reaching $1.6225 on October 18, the highest level since October 3, as UK GDP is expected to rise by 0.8% in Q3, according to Office for National Statistics releases. The Pound added 0.2% to 84.52 pence per Euro as of 9:46 in London after adding 0.3% last week.
Japan's economy leading index dropped in the month of August, although the pace of fall was lower than economists originally projected, a report published by the Cabinet Office revealed on Monday. According to the report, the leading index declined from a level of 107.9 recorded in July to 106.8 in August, while the forecast showed the indicator to record 106.5.
The Australian Dollar was little changed on Monday after it advanced to the highest level in eight days as technical analysis showed that the currency is set to reverse. The so-called Aussie was traded at 96.76 U.S. cents as of 3:46 p.m. Sydney time following a 2.7% increase, the most in eight sessions on October 18, when it touched 96.78,
U.S. Treasuries were little changed on Monday as the Federal Reserve announced maintaining its $85 billion bond-buying programme in order to reach its inflation target and before a report showed that payrolls in the country increased last month. The benchmark 10-year government bonds added one basis point to 2.59% as of 1:32 p.m. Tokyo time.
The Japanese Yen declined on Monday falling versus all its 16 most-traded peers as the country's exports slowed down amid weaker emerging-markets demand and as the Bank of Japan decided to maintain its stimulus program in order to achieve target inflation. The Yen fell 0.3% to 97.99 per U.S. Dollar at 6:01 a.m. London time and it dropped 0.2% to
Japanese exports increased in the month of September, however the rate of growth was shy of a forecast mainly due to lower demand from emerging economies offsetting weaker Yen, a report released by the Ministry of Finance showed on Monday. Japan's exports grew 11.5% in September compared to 15.6% originally forecast, while in August exports added 14.6%.
The U.S. Dollar dropped on Monday and traded close to its lowest level in eight months against the majority of its counterparts amid concerns that the Federal Reserve may scale back its monthly bond-buying program until the impact of partial government shutdown will be clearer. The Dollar index stayed at 79.675 near a level of 79.478, the least since February.
Australian stocks increased on Monday rising to the highest level in five years as investors' confidence advanced amid new highs reached on Wall Street on speculation the Fed may be wary of winding back its monthly-bond-purchases program. Australian shares rose to a five-year high supported by last week's report showing China's GDP improved.
Chinese currency increased for a fourth straight day, the highest weekly increase since May, as the US government partial shutdown and the budget ceiling deadlock ended this Wednesday. The Chinese Yuan climbed 0.4% versus the US Dollar on Thursday to 6.0950 per greenback in onshore RMB market before fetching 6.0982.
The UK's benchmark stock index gained for a seventh straight day as China's GDP rose 7.8% in the third quarter, according to National Bureau of Statistics. The FTSE index climbed 19.52 points to 6,595.68 as of 11:32 in London. Prudential Plc, UK's biggest insurer, added 2.9% to 1,249 pence. William Hill slid 3.2% to 403.5 pence. Spectris Plc advanced 1.1%
German 10-year yield sunk three basis points to 1.84% as of 10:23 am in London after touching 1.83%, the weakest since October 10 as, according to Fed President Charles Evans, the Federal Reserve is unlikely to start tapering its assets-buying stimulus. The price for 2% security note due in August 2023 added 0.28 to 101.46.
The so-called loonie appreciated 0.4% to C$1.0289 per US Dollar at 5 pm in Toronto, reaching C$1.0281, the highest since September 30, amid optimism Federal Reserve will maintain monetary stimulus and delay any reductions, while borrowing limit and extended government funding deadlines are postponed until next year. The Australian currency is traded at 97.19 US cents.
Charles Evans, Chicago Fed's President said on Thursday that the Federal Reserve will most likely continue its quantitative easing program, as the economic conditions in the country were slightly damaged during the Shutdown, but official GDP and other data will be available later. Analysts say that during the 16-day long Shutdown the economy lost $24 billion or 0.6% from its
The Australian Dollar climbed yesterday to four-month high amid optimism the Federal Reserve will postpone shortening in monetary expansion. The Aussie weakened 1% to 96.24 US cents at 11:27 in Sydney, after jumping to 1.7% , the highest weekly advance since period that ended on September 6.The Australian currency reached 96.47 yesterday, the highest since June 14.
British businesses became more optimistic about the economic situation in the country, as they see the recovery to continue in the nearest future. The benchmark index, which evaluates the business optimism, advanced to 62.55 points this summer from 58.46 points a year ago, reaching its biggest level since 2010. At the same time, the index above 50 points shows an
The Sterling headed for a weekly climb as US Democrats and Republicans came to a last-minute deal on Wednesday that funds US government until January 15 and postpone a debt limit deadline to February 7. The Sterling traded at $1.6180 at 7:41 am in London after climbing 1.3% yesterday, the biggest advance since September 18, while it appreciated 1.4% versus
Chinese industrial production added 10.2% in September of this year on the annual basis, as the result matched economists' forecasts. On the other hand, the output decreased slightly from August, when it rose 10.4%. During the first three quarters of 2013 production surged 9.6%. Moreover, analysts point out that the industrial production in less developed Chinese regions climbed the most.
Natural gas fell on Friday extending the series of drops to a third weekly decline in a four-week period amid speculation that stockpiles in the U.S. may be sufficient to satisfy demand during the winter. Natural gas for delivery in November dropped 2.5 cents to $3.732 per million British thermal units on the NYMEX and was traded at $3.735 as
West Texas Intermediate oil declined on Friday heading for the second weekly drop and was traded close to a level of $100 a barrel on the NYMEX as price losses during this week's U.S. impasse overshadowed stronger growth of China's economy. WTI for delivery in November fell 6 cents to $100.6 a barrel by 8:29 a.m. in London.
The South Korean currency strengthened on Friday reaching the highest level on nine months as the government bonds increased after authorities signalled that advances threatening exports may be intervened and limited. The Won jumped 0.2% to 1,061.95 per U.S. Dollar by 10:24 a.m. Seoul time after rising to the strongest level since January 21 at 1,059.8 earlier.
The US currency heads for a weekly decline against its 16 major peer as US Congress accepted an agreement deferring funding and debt ceiling deadline into early 2014. The greenback gained 0.1% to $1.3665 per Euro at 6:55 am in London, after dropping yesterday to $1.3682, the lowest level since February 1, while US Dollar added 0.1% to 98.05 Yen
Chinese shares advanced on Friday rising for the first time in a four-day period mainly due to an increase of industrial and financial companies after a report showed that the country's performance of the economy improved in the Q3. The Shanghai Composite Index gained 0.5% to 2,200.26 by 1:08 p.m. as the gross domestic product rose by 7.8% in the
U.S. Treasuries increased on Friday heading for the first advance in a week this month amid speculation that the country's economic activity may be curbed by the partial government shutdown ended this week allowing the Fed to keep its stimulus into 2014. The Benchmark 10-year bonds yielded at 2.59% as of 6:45 a.m. London time.