Chinese stocks increased on Monday pushing the local benchmark index to the highest level in a month mainly due to an increase of railway companies climbing by 10% offsetting data showing faster inflation and lower exports. The Shanghai Composite Index gained 0.6% to 2,240.41 at 1:19 p.m. and it closed at the strongest level since September 12.
Copper decreased on Monday leading declined in industrial metals as the U.S. government shutdown continues and as China's exports recorded a drop last month fuelling concerns that demand from two largest users may slow down. Copper for delivery in December fell 0.8% to $7,140 a metric ton and it was traded at $7,187.50 as of 10:03 a.m. Shanghai time on
The Indian benchmark stock index advanced on Monday rising to the highest level in a month mainly due to a notable increase of software shares as improving global economy may boost their profitability and as factory production dropped. The S&P BSE Sensex gained 0.4% to 20,605.52 by 11:09 a.m. Mumbai time after it added 3.1% last week.
Gold fluctuated on Monday and was traded above the lowest level in a three-month period as the debt limit talks between Barack Obama and congressional lawmakers brought no agreement after this weekend persisting the U.S. government shutdown. Bullion for delivery in October advanced 0.5% to $1,279.05 an ounce and slipped 0.3% afterwards to $1,270.81 as of 12:17 Singapore time.
The Australian Dollar decreased on Monday extending its losing streak against its New Zealand's counterpart to the second straight day after a report showed that Australia's home-loan approvals declined to for the first time in 2013. The so-called Aussie fell 0.4% to NZ$1.1332 by 4:53 p.m. Sydney time following a 0.3% drop on October 11.
The U.S. Dollar declined on Monday falling for the second straight day against the Eurozone's currency as this weekend's debate in Washington between the U.S. President Barack Obama and House Republicans did not bring any agreement on the new debt limit. The so-called Greenback weakened 0.1% to $1.3563 per Euro at 12:14 p.m. Singapore time following a drop to an
West Texas Intermediate crude dropped for the second straight session on Monday amid concerns that the U.S. economic growth may be slowed down reducing fuel demand as U.S. lawmakers failed to agree on the new debt limit this weekend avoiding technical default. WTI for settlement in November fell 81 cents to $101.21 a barrel on the NYMEX and it was
The Japanese Yen increased on Monday amid concerns that U.S. policymakers may fail this week to agree on the new debt ceiling avoiding the country's technical default raising demand for riskier assets. The Yen advanced to 98.31 per U.S. Dollar after it touched today's high at 98.05 earlier, rebounding from Friday's 2-week low at 98.60 U.S. cents.
China's inflation measured as consumer price index increased to the strongest level in seven months in September, although it stayed below the country's official target, a report released by the National Bureau of Statistics revealed on Monday. The report showed that the consumer price index rose 3.1% year-on-year after it added 2.6% in August, missing the inflation target at 3.5%.
Asian stocks declined on Monday as the weekend debt ceiling debate between the U.S. President Barack Obama and congressional lawmakers failed in Washington persisting the government shutdown, however, expectations are that an agreement will be reached avoiding the country's default. The MSCI Asia-Pacific shares outside Japan fell 0.3% and China's CSI300 Index dropped 0.2%.
Consumer sentiment in the United States fell to its lowest level since the beginning of the year in October of this year, as the benchmark index decline to 75.2 points from 77.5 points a month earlier. Economists, in turn, forecasted the index to decrease slightly to 76 points. Analysts say that the slump of the sentiment was caused by continuing
Bank of Japan Governor Haruhiko Kuroda announced on Friday that his institution is ready to fight any deflation signs and will do everything that is necessary to support inflation. The country saw a deflation for more than 15 years, but actions taken by BoJ started bringing first results. Japanese economy rebounds, while the consumers are turning towards inflation expectations in
JPMorgan Chase & Co. posted a net loss of $380 million in the third quarter of 2013, while losses per share were $0.17. On the other hand, overall losses include $7.2 billion of costs for litigation expenses, while without this sum of money the company showed a profit of $1.42 per share, exceeding analysts' estimates. JPMorgan Chase & Co shares
According to German Economy ministry's outlook, economic growth in the country will remain stable during the last two quarters of this year. Meanwhile, the increase in exports may not be significant, while the manufacturing industry will become the leading sector by growth. Moreover, private consumption will also rise moderately. German economy added 0.7% in Q2.
United Kingdom leading indicator measuring economic activity advanced for the second successive month in August, a data released by the Conference Board unveiled on Friday. The data showed that the U.K. leading economic index rose 1.2% on a monthly basis in August after a 0.7% advance recorded in the month before and a 0.4% drop in June.
Construction output in United Kingdom recorded a modest decline in August from the month before mainly due to drops in maintenance and new work and repair, a report published by the Office for National Statistics revealed on Friday. U.K. construction output slipped 0.1% on a sequential basis in August after it grew 2.8% in July, while year-on-year it rose 4%
Consumer price inflation in Italy slowed down in the month of September matching the originally estimated level, a report released by the statistical office Istat revealed on Friday. The report showed that harmonized index of consumer prices gained 0.9% on an annual basis in September following a 1.8% increased recorded in the previous month.
Spanish consumer price inflation slowed down in the month of September matching preliminary estimates, a data revealed by the statistical office Ine showed on Friday. According to the data, Spain's harmonized index of consumer prices eased to 0.5% in September from a level of 1.6% recorded in the month before making it a 0.8% monthly change.
The British Sterling advanced against its U.S. counterpart on Friday paring weekly drop after a report showed that house price in United Kingdom increased to the highest level all-time suggesting that the country's economy is improving. Pound added 0.1% to $1.5985 as of 9:35 a.m. in London following a drop to $1.5914 yesterday, the least since September 18.
European shares gained, with the regional benchmark Stoxx Europe 600 Index rising for a second straight day, on speculation that U.S. officials are close to find a compromise on debt limit. The Stoxx 600 added 0.3% to 311.13 as of 9:24 a.m. London time, after it rose 1.7% on Thursday. The MSCI Asia Pacific Index climbed 1.3% today, while Standard
Gold swung between gains and losses on Friday and were traded below $1,300 an ounce as investors stayed optimistic amid a progress in the U.S. debt ceiling debate in Washington between Barack Obama and congressional lawmakers. Bullion for settlement in October advanced and fell 0.3% before it was traded at $1,290.32 an ounce as of 9:20 a.m. Singapore time.
Corn declined on Friday falling to the lowest level in three years amid dried weather in the U.S. causing a record harvest in the world's largest producer and as demand for ethanol from the crop may decrease if the country's government reduces the biofuel mandate. Corn for delivery in December slipped 1.2% to $4.33 a bushel on the CBOT, the
West Texas Intermediate crude increased on Friday and was set to record its fourth weekly drop in five after debate between the U.S. President Barack Obama and House Republicans failed to find an agreement over the new debt limit avoiding the country's default. WTI for settlement in November fell 73 cents to $102.28 a barrel on the NYMEX and was
Treasuries declined on Friday falling from the strongest levels this week amid speculations that negotiations over the new debt ceiling in Washington may result in raising the debt limit in time avoiding the technical default. The benchmark 10-year government bonds were little changed at 2.68%, while the 2.5% security due in August 2023 was at 98 ½.