European shares rose for the first time in the last three days as some major companies posted their results. The Stoxx Europe 600 Index gained 0.4% to 299.98 as of 8:15 a.m. London time; however, the equity-benchmark retreated 0.3% previous week as some companies' results missed the expectations.The index has advanced 5.2% in July after the Fed's remarks.
The common currency dropped against the U.S. Dollar, as investors await policy meetings from the Federal Reserve, European Central Bank and Bank of England, and Monday's home sales data. The 17-nation currency dropped 0.06% to $1.3269 versus the U.S. Dollar and remained steady at 0.8627 versus the Sterling.
The New Zealand currency retreated after nation's Prime Minister John Key stated that the Kiwi is still overvalued and the officials would appreciate a decline in the currency. The New Zealand Dollar fell 0.2% to 80.71 U.S. cents at 5:13 p.m. Sydney time, snapping its 4.3% climb monthly. The Aussie slipped 0.1% to 92.46 U.S. cents after strengthening 2.3% through
Asian shares declined, with the regional benchmark index set for the fourth day of losses, as the Japanese Yen appreciated and lenders dropped. The MSCI Asia Pacific Index retreated 1.6% to 133.33. Japanese Topix and the benchmark Nikkei 225 Stock Average contracted 3.3%, the biggest falls since June 13.
The Japanese currency rose versus its most-traded peers as Asian stocks fell on worries about growth slowdown in the biggest economy's, spurring the haven asset demand. The Japanese Yen reached 97.64 per Dollar, the highest level in a month, while it climbed 0.4% to 129.92 per Euro, after touching 129.77 earlier. The U.S. Dollar traded at $1.3277 per Euro from
Many U.S. equities declined as session progressed after some companies published disappointing earnings data. Investors are reluctant to take risk before the Federal reserve meeting next week. The Standard & Poor's 500 gauge lost 0.67% as of 1,678.85 at 11:24 p.m. EDT. The Dow eased by 0.79% to 15,432.35, while the Nasdaq Composite dropped 0.41% to 3,590.24.
U.S. Consumer sentiment gauge advanced in July to the highest level since 2007 as economic conditions have improved. The gauge increased form 84.1 in June to 85.1 in July, beating estimate of 84. Survey showed that Americans expect slower growth next year. Low income earners were more positive about future economic prospects than more affluent households.
U.S. equity benchmarks opened lower today as investors look forward to seeing a report on consumer confidence. Several company earnings data will also be published, including Tyco and Weyehaeusern. The Standard & Poor's 500 gauge fell 0.35% to 1,684.21 at 9:31 a.m. EDT. The Nasdaq Composite lost 0.51% to 3,586.94. The sentiment index is projected to climb from 83.9 to
Indian Rupee rises and finishes third weekly advance as the Reserve Bank of India contracted the cash supply to arrest a decline in the currency. The bank set higher interest rates and lender's cash-ration requirement from 70% to 99%. The currency appreciated 0.5% this week, while it added 0.1% to 58.7025 per U.S. Dollar today.
The Japanese Yen rose against the U.S. Dollar after the data showed that inflation in Japan increased the most since 2008, indicating that the central bank might not need additional stimulus to fight deflation. The currency jumped 0.7% to 98.60 per U.S. Dollar so far today after rising 1% yesterday. The Yen climbed 0.7% against the Euro as well to
The Japanese Yen appreciated as a 0.4% increase in consumer prices, the largest jump since 2008, signaled that Japan may stop stimulus. Additional factor for strengthening currency was China's effort to cut production capacity. The Yen advanced 0.6% to 131.03 versus the Euro. Against the greenback, it was also seen up 0.6% to 98.68 as of 10:48 a.m. London time.
WTI had its first weekly decline in a month on growing crude supply in the U.S. and amid speculation of declining demand as China cuts excess production capacity. Settlement for September decreased 0.8% to $104.61, reaching weekly drop of 3.1%. In order to ensure more sustainable economic growth, China ordered 1.4 thousand companies to cut excess capacity.
The Swiss Franc rose to the highest level in 5 weeks against the U.S. Dollar as investors sought safer investments after a drop in Asian stocks. The currency traded at 92.82 centimes after rising 0.3% to 92.70 centimes earlier today, which was the highest point since June 21. The Franc was virtually unchanged against the Euro and traded at 1.2336
Gold dropped as investors speculated that higher prices will decrease the demand from jewelers. It is expected that if the level of $1,300 does not hold, the prices might quickly sink to $1,265-70 support area. The commodity fell 0.4% to $1,329.31 so far today, while gold futures dropped 0.1% to $1,328.40. Platinum decreased 1.1% to $1,433.61.
The British currency is set for a third straight weekly climb versus the greenback ahead of the next week's U.K. Mortgage data that are forecasted to increase to the highest level since 2008. The Sterling was at $1.5386 by 8:55 a.m. in London and it is headed for a 0.8% climb weekly. The British Pound traded at 86.35 pence per
Italy's 10-year government securities fell for a fourth consecutive day before an auction EUR 3 billion zero-coupon notes, maturing in 2015. Yield rose 3 basis points to 4.43% so far today after it reached 4.44% earlier, the highest point since July 18. Yield on similar-maturity German government bonds declined 2 basis points, while yield on Spanish bonds climbed 1 basis
European stocks rallied and were poised to reach the longest period of weekly gains in 2013 after better-than-expected sales growth data from companies. The Stoxx Europe 600 Index climbed 0.3% to 300.48 after rising 0.7% earlier today. The gauge has appreciated 0.2% so far this week, heading towards fifth week of consecutive gains.
U.K. shares were little changed as the regional FTSE 100 Index is set for weekly retreat, after major companies posted their data. The FTSE 100 gained 0.1% to 6,596.1 as of 8:26 a.m. London time; however, the equity-benchmark has fallen 0.5% weekly, snapping four week winning streak. The FTSE All-Share Index climbed 0.2% today, while Ireland's ISEQ Index slid 0.1%.
Asian shares dropped, with the regional MSCI Asia Pacific Index snapping its longest one-week streak of gains since the beginning of the year. The MSCI Asia Pacific Index fell 0.7% to 135.12 at 3:35 p.m. Tokyo time; however, the equity-benchmark has added 0.2% weekly and it is set for five straight week climb. The gauge has advanced 5.2% this year
Gold is set for the best weekly advance since March as the U.S. economy is recovering and the newest nation's data have confirmed that. Spot gold rose 0.3% an ounce, and was at $1,334.55 as of 8:30 a.n. Singapore time. The yellow metal prices have gained 3% weekly after increasing to $1,348.65 on Wednesday, which was a one-month high.
The Aussie is headed for a second weekly advance in a row versus the U.S. Dollar on bets that the Fed will continue its monetary stimulus programme. The Australian currency strengthened 0.1% to 92.59 U.S. cents at 4:46 p.m. Sydney time and it is headed for a 1% weekly gains. New Zealand's currency traded at 80.77 U.S. cents after rising
The Canadian currency touched its strongest level in four weeks as the Canadian heavy oil's discount compared to U.S. benchmark narrowed, increasing growth forecasts. The Canadian Dollar appreciated 0.4% to C$1.0280 per U.S. Dollar as of 5 p.m. Toronto time, after it reached C$1.0255 per U.S. Dollar, the strongest since June 19. One Canadian Dollar buys 97.28 U.S. cents.
The Dollar Index declined, prolonging a third one-week drop in a row, on bets that at the next Fed's meeting they will reassure that stimulus measures will remain accommodative. The Dollar Index, declined 0.3% to 81.720 at 6:48 a.m. London time. The U.S. currency slipped 0.5% to 98.82 Japanese Yen after reaching 98.63, the lowest since July 11, while it
Gold gained, recovering from losses in previous session, after the greenback weakened. Gold futures climbed 0.44% to $1,325.40 per ounce at 10:145 EDT. Dollar index fell back 0.22% to 82.106, which is relatively low level compared to 84.75, the highest level in three years reached earlier in July. The index and precious metals typically react inversely.