Corn traded in Chicago advanced on Monday and it is set to expand for the third successive session. While soybean declined after Informa Economics Inc. cut the soybean harvest forecast by 1.5% to 3.176 billion bushel. Corn for settlement in December gained 0.7% to 4.465 a bushel on the CBOT, whereas November soybeans futures fell 0.2% to $12.93 a bushel.
Wheat increased on Monday raising for the fourth time in last five sessions amid concerns that production in Russian and Ukraine will be reduced by wet weather boosting demand for supplies from the U.S. Wheat for December's settlement advanced by 0.9% to $6.9325 a bushel as of 10:11 a.m. on the CBOT after gaining 0.6% last week.
Industrial production in Denmark declined in the month of August falling by 2.3% on a sequential basis, when the output of non-durable consumer goods slipped 6.1%, a report published by the Statistics Denmark showed on Monday. Danish capital goods production decreased 3.5% in August, while intermediate goods production added 4.4% in July.
Sweden's budget surprisingly came in surplus in the month of September mainly due to SEK 21.6 billion proceeds from share selling in Nordea, while economists originally expected the budget to record a deficit, the National Debt Office reported on Monday. The report showed that the country's budget posted a surplus of SEK 28.3 billion compared to SEK 6.2 billion deficit
Financial services sector in the United Kingdom notably expanded in the quarter ended in September reaching the strongest level in almost seventeen years, a report released by the Confederation of British Industry and PriceWaterhouseCoopers' revealed on Monday. The report showed that the index measuring the overall sector's business conditions recorded 59 in the Q3, more than the previous highest figure
Jefferies Group LLC, a New York based investment firm, recommend investors buying Apple Inc. shares, as Jefferies upgraded the Cupertino-based firm's rating from "hold" to "buy" on Monday. It is expected that Apple iPhone 5C and 5S sales will exceed average forecasts and hit an all time record number. Apple Inc. shares are adding 1.56% to $490.55 at 15:00 GMT
Crude declined on Monday trading session and are set to record the largest fall in three weeks as oil production in Gulf of Mexico fell amid storm Karen and after U.S. lawmakers failed to agree on a new debt ceiling. Brent for delivery in November dropped $1.07 to $108.39 a barrel on the London's ICE Futures Europe exchange and it
Brazilian swap rates declined on Monday after the country's central bank released a survey showing that the inflation outlook for 2014 was lowered adding to a forecast expecting the pace of growth in borrowing costs may slow down. Swap rates due in January 2017 fell three basis points to 11.25% by 11:08 a.m. Sao Paulo time, the weakest level since
French government decided not to introduce in 2014 a new tax on businesses, whose revenues exceed 50 million euro per year, as investors speak about possible capital outflows and decline in investments. On the other hand, the revenues from this tax have already been included in the next year's budget, therefore the government will temporarily raise corporate tax rate for
Analysts expect that the economy of Greece will jump 0.6% in 2014, as the recession is planned to be finished. Meanwhile, this year the economic contraction is expected at 4%. On the other hand, the right-wing government reduced the country's budget deficit to 2.4% of GDP in 2013, while many government employees were fired, but others' salaries and benefits were
Economic growth of East Asian region may reach only 7.1% this year, while the next year it is expected to be 7.2%, according to the forecasts of the World Bank. In its last report the regulator expected the 7.8% and 7.6% growth, respectively. Alongside, the Chinese economy is predicted to increase only 7.5% this year, while the previous forecast was
The Canadian currency depreciated versus its U.S. peer as oil, the most exported product of the state, dropped. The decline of Canada's Dollar versus most of its 16 major counterparts is resulted from the large discount of the Canadian oil trading level, at which Canada sells crude oil to U.S. The loonie fell 0.3% to C$1.0325 per U.S. Dollar, while oil slid 0.9%
The solution of problematic political situation in U.S. government still has not been found as the government deadlock continues with potential gap in borrowing authority. Each party wants to get out of the shutdown and prevent serious consequences, while there is no evidence that the parties are close to finding a compromise.
Manufacturing output in the Czech Republic surprisingly jumped 1.6% in August of 2013 from the previous year, while economists expected the output to slump 1.3%. In July the country's manufacturing sector added 2.1%. It is worth pointing out that the August surge was boosted by a 26.1% jump in car industry, which includes such producers as Skoda, Hyundai, Peugeot and
Federal Chancellor of Germany Angela Merkel can form a coalition with left-wing Green party, while the second most probable ally, the Social Democrats, are ready to compromise on the tax increase policy. As Merkel plans to hold the next round of negotiations with SPD on October 14, she will talk to the Greens earlier, namely on October 10, showing her
U.K. shares fell, after the benchmark index has declined for second straight week, as U.S. Speaker Boehner stated that there will be conditions attached to the federal borrowing limit bill. The FTSE 100 Index slipped 0.8% to 6,400.64 as of 1:04 p.m. London time and it has fallen 0.9% previous week. The FTSE All-Share Index slid 0.8% today, while Ireland's
A leading index in Japan declined in August falling for the second time in a three-month period, a report published by the Cabinet Office unveiled on Monday. The report showed that the leading index measuring changes in the direction of the economy slipped from 107.9 in July to a level of 106.5 recorded in August, while it was forecast to
Investor confidence in the 17-nation bloc shrank surprisingly in the month of October falling from the second-strongest level on record, a survey released by the think-tank Sentix revealed on Monday. According to the survey, the Eurozone's investor's sentiment decreased to 6.1 in October, while it was expected to advance to 8.5 from a level of 6.5 recorded in September.
Taiwanese Dollar is set to weaken against the majority of currencies after it rose to the highest level in eight months amid speculation that the Federal Reserve's Governor Perng Fai-nan will add more measures in order to support exporters. The currency gained 0.7% after the country's central bank remained its stimulus unchanged on September 18, but it dropped 0.1% to
India's currency fell on Monday snapping its three-day series of gains amid concerns that investors will reduce purchases of the Indian shares after no signs of progress in the U.S. debt ceiling talks. The Indian Rupee was traded 0.3% lower at 61.650 per U.S. Dollar at 9:55 a.m. Mumbai time after it climbed 1.7% last week, the most among all
Emerging-market equities dropped on Monday falling for the first time in a five-day period mainly due to a notable decline of energy and telecommunication shares, when the all 10 groups in the gauge slipped. The MSCI Emerging Markets Index fell 0.5% to 1,002.70 as of 4:24 p.m. Hong Kong time and it has lost 4.7% so far this year.
West Texas Intermediate crude slipped on Monday as U.S. policymakers failed to agree on the new debt ceiling and as oil production remained weakened after the Tropical Storm Karen in the Gulf of Mexico. November WTI futures declined by $1.34 and were traded at $102.50 a barrel on the NYMEX and they were at $102.51 by 9:48 a.m. in London.
U.S. Treasuries increased on Monday reducing the last week's drop after Jacob J. Lewis, the Treasury Secretary, said that the U.S. Congress may need to raise the debt ceiling by October 17 or the country risks failing on its payments. The benchmark 10-year government securities declined 3 basis points to 2.62% as of 9:46 a.m. in London.
The British currency strengthened versus the greenback ahead of nation's central bank latest policy decisions release on Thursday. The Sterling added 0.2% to $1.6036 as of 7:42 p.m. in London after climbing to $1.6260 on October 1, the strongest since January 2. The Pound traded at 85.62 pence per Euro after dropping 1.1% previous week.