The Japanese Yen fell versus majority of its most-traded counterparts on Friday as local shares increased amid persisting shutdown in the U.S. as lawmakers failed to find an agreement on the new debt limit curbing demand for Yen as a refuge. Yen weakened 0.2% to 98.33 per U.S. Dollar at 8:55 a.m. in London after it dropped 1.5% three days
China's shares increased on Friday pushing the benchmark area index to the biggest weekly gain in one month after a report showed that car sales in the country exceeded forecast sending the SAIC Motor Corp., the nation's largest carmaker, to the highest level in four months. The Shanghai Composite Index added 1.7% to 2,228.15 at the close and it rose
Asian equities rose on Friday climbing to the strongest level in a three-week period as investors stayed optimistic after yesterday's progress in debt ceiling debates as U.S. lawmakers concern a short-term increase of the debt limit. The MSCI Asia-Pacific shares outside Japan advanced 1.2% touching the highest level since September 19.
Japan's M2 money stock stayed unchanged in the month of September matching economists' expectation, a data released by the Bank of Japan revealed on Friday. Japanese M2 money stock was up 3.8% worth 850.8 trillion yen in September, the same level recorded in the previous month, while the M3 money stock was up 3.1% worth 1,161 trillion yen.
Initial claims for jobless benefits in the world's largest economy increased by more than economists initially projected in the week ended on October 5, a report released by the Labor Department revealed on Thursday. According to the report, first-time jobless claims advanced from 308,000 to 374,000, while the figure was forecast to stand at 310,000 in the week.
Government bonds of European countries fluctuated as U.S. policymakers came closer to making an agreement about new debt ceiling as the House Republican and Senate Democratic politics concern a short-term increase of debt ceiling. Italian 10-year bonds dropped 7 basis points to 4.31%, Austrian 10-year yields advanced 5 basis points to 2.39%, while Spain's debt was at 4.34%.
German government bunds decreased on Thursday falling for the third straight day together with Treasuries amid signs that the U.S. government shutdown may come to an end as lawmakers debate over the short-term increase of the debt limit. The German benchmark 10-year bund yielded at 1.88%, up six basis points as of 2:54 p.m. London time, the most since September
Emerging-markets stocks gain to 2-week high on US debatesEmerging-market equities advanced on Thursday rising to the highest level in two weeks as investors were optimistic about a new debt limit agreement between the U.S. President Barack Obama and congressional lawmakers to avoid a default. The MSCI Emerging Markets Index gained 0.7% to 1,013.08 as of 10 a.m. New York time,
Industrial production in Greece declined 7.2% in August of 2013 on the annual basis, while in July the output posted a contraction of 7.7%. On the monthly basis, the index dropped 11% after a 0.2% rise in July. According to the data, all majors industrial sectors registered a decline. Moreover, quarrying and mining sector plunged 16.4% from the previous year,
U.S. House Republicans offered Democrats and President Barack Obama a deal, where they suggest a short-term six-week debt ceiling increase to finance budget expenditures. According to the plan, this time will be used for negotiations between two parties on country's budget with perspectives to raise the debt limit for a longer period of time. The current limit will be reached
According to the new data, core machinery orders in Japan added as much as 5.4% in August of this year, while economists forecasted a modest growth of 2.7%, twice less than the real result. It is worth pointing out that orders jumped for the first time in three months, as they decreased slightly by 0.03% in July. Economists say that
The Bank of England has kept its monetary policy unchanged after the meeting on Thursday. The regulator will continue to buy 375 billion pounds of assets, while the official rate was kept at 0.5%. BoE officials say that there will be no monetary policy changes until the unemployment rate declines to 7%. Recently, the IMF has upgraded growth outlook for
Unemployment rate in Australia surprisingly dropped in September of 2013, while the total number of people in work increased for the first time in three months. Jobless rate reached 5.6% against 5.8% a month earlier, while employment added 9,100. Economists say that a decrease of the official Central bank rate was a right decision, which has already started bringing first
Manufacturing production in France jumped 0.2% in August of this year, while during the two previous months the production decreased. Meanwhile, economists expected the output to add 0.6%. Analysts say that the rebound in manufacturing sector of the country was caused by a rise in automotive industry, which recovered in August after a significant drop of 19.5% in July.
U.K. shares advanced, with the regional benchmark FTSE 100 Index bouncing off from the lowest level in three months, on signs that U.S. officials could find a compromise in the nearest time. The FTSE 100 gained 1% to 6,398.26 as of 12:56 p.m. London time, snapping its three day streak of losses. The FTSE All-Share rose 1% as well, while
The Aussie depreciated as employers created fewer jobs than it was expected by economists previous month, leading to lower than forecasted unemployment rate. Australia's currency dropped 0.4% to 94.10 U.S. cents as of 5:01 p.m. Sydney time, while the Kiwi retreated 0.7% to 82.48 U.S. cents.
House prices in the 17-nation bloc advanced in the three months ended in June recovering from a steep drop recorded in the first three months of this year, a report released by the European statistical agency Eurostat unveiled on Thursday. Eurozone's house prices moved up by 0.3% in the Q2 after the figure recorded 1.4% fall in the Q1.
The British currency was little changed against the greenback after nation's central bank left its interest rate unchanged at 0.5% and kept its stimulus programme at 375 billion Pounds. The Sterling was at $1.5949 as of 12:03 p.m. in London after declining to $1.5914 , the weakest level since September 18, while the currency traded at 84.84 pence per Euro.
Consumer confidence in Asia's second largest economy notably improved in the month of September, when the pace of growth exceeded economists' expectations, the Cabinet Office showed in a report on Thursday. According to the report, Japan's consumer confidence index rose from 43 points recorded in August to a level of 45.4 in September.
Industrial production in Italy dropped surprisingly in the month of August, a report released by the statistical office Istat revealed on Thursday. The report showed that the country's industrial output fell 0.3% on a sequential basis in August compared to an increase of 0.6% originally expected following a 1% slip recorded in the previous month.
The U.S. Dollar strengthened against the majority of its most-traded counterparts on Thursday amid signs of progress in the Federal debt ceiling talks between Barack Obama and congressional lawmakers to avoid a technical debt default. The so-called Greenback increased 0.2% versus the Japanese Yen to 97.53 Yen rebounding from the lowest level in 2 months at 96.55.
U.S. Treasuries declined for the third successive day on Thursday amid signs that debates about new debt ceiling in the U.S. may come to an end as Democratic leaders consider a short-term raise in the debt limit in order to avoid technical default. The benchmark 10-year yields dropped 0.02% to 2.69% as of 8:55 a.m. in London after it touched
South African currency declined on Thursday falling for the first time in a three-day period against the U.S. Dollar amid speculation that the pace of growth in manufacturing eased in August from 5.4% to 1.2%, while mining output added 0.8% on the month. The Rand slipped 0.3% to 9.9880 per U.S. Dollar by 10:08 a.m. Johannesburg time.
The British Sterling weakened for the third straight day against the U.S. Dollar before the country's central bank announced its decision to maintain monetary stimulus program and keep the benchmark interest rates unchanged. The so-called Cable dropped 0.1% to $1.5939 as of 9:13 a.m. in London following a fall to $1.5914, the least since September 18.