Chinese shares gained for a third straight day as the drug makers advanced, while the banks declined. The Shanghai Composite Index rose 0.4% to 2,004.13 as of 2:55 p.m. Shanghai time. The equity-benchmark has fallen 18% from this year's highest point on February 6. The CSI 300 Index added 0.3% to 2,218.91, while the Hang Seng China Enterprises Index dropped
U.S. shares jumped, with the Standard & Poor's 500 Index recovering from the first monthly decline since October, after data indicated manufacturing grew from Japan to the U.S. boosted sentiment in the global economy. The S&P 500 gained 0.5% to 1,614.96 and the Dow Jones Industrial Average added 0.4% to 14,974.96.
Asian shares climbed, with the MSCI Asia Pacific Index advancing for a fifth straight day, after the U.S. manufacturing data topped the expectations. The MSCI Asia Pacific Index rose 0.9% to 132.04 at 3:11 p.m. Tokyo time; moreover, the equity-benchmark previous week had its first three-month decline in a year. Japan's Topix index and the benchmark Nikkei 225 Stock Average
The Japanese Yen retreated to the weakest level in over three weeks versus the U.S. Dollar after the central bank's Tankan survey indicated large manufacturer sentiment climbed the most in two years, curbing demand for safer assets. The Japan's currency dropped 0.5% to 99.66 against the greenback and fell 1% to 130.19 versus the Euro and reached 130.25, the weakest
The Aussie extended its biggest advance in approximately two weeks against the U.S Dollar as global shares gained before the RBA meeting today. The Australia's currency traded at 92.40 U.S. cents at 10:10 a.m. Sydney time, it rose 1.1% on Monday, the biggest climb since June 13, while the Kiwi was at 78.20 U.S. cents, after gaining 1.1% day earlier.
The U.S. Dollar advanced to the strongest level in about a month versus the Japanese Yen as growing U.S. economy boosted speculation the Federal Reserve will begin to taper bond purchases. The U.S. currency reached 99.87 against the Yen, the strongest since June 5. The greenback remained unchanged at $1.3064 versus the Euro.
The Sterling was little changed versus the greenback and 17-nation currency ahead of data that are expected to show growth in U.K. construction sector for a second straight month. The British currency was at $1.5210 at 7:17 a.m. in London, it touched $1.5166 on June 28 and that was the weakest level since May 31, while the Pound traded at
U.S. equities advanced, as the Standard & Poor's 500 Index showed its first monthly decline since October, ahead of the data that may indicate manufacturing recovered previous month from its biggest fall since 2009. The S&P 500 jumped 0.7% to 1,617.92 and the Dow Jones Industrial Average gained 0.6% to 15,001.39.
Unemployment rate in the Euro block rallied and reached a record high level, indicating that the recession in business activity prolongs to reflect on the labor market in spite of growth signs in the economy. The unemployment rate climbed to 12.1% in May, there were approximately 19.22 million jobless people in the Eurozone in May.
Eurozone manufacturing output declined less than previously expected in June, fueling the speculations that Euro-area is starting to recover from recession. Manufacturing gauge in the Euro bloc rose to 48.8 previous month from 48.3 in May and that is above the expected 48.7 on June 20. Today's PMI report followed a promising sentiment report for June.
Spanish 10-year government notes inched up for the fifth day as Spain's index of manufacturing advanced in June, topping economists' estimates. Spanish 10-year bond yield declined 10 basis points to 4.66% and the 4.4% note maturing in October 2023 jumped 0.825 to 97.9. Manufacturing index in Spain rallied from 48.1 in May to 50.
Japan's stocks increased, with the Topix index prolonging the largest three-day rise in about three months, after the Japanese Yen declined and a survey indicated positive manufacturer confidence for the first time in seven quarters. The Topix jumped 1.5% to 1,150.70 and the Nikkei 225 Stock Average added 1.3% to 13,852.50.
U.S. share futures gained, after the Standard & Poor's 500 Index posted first one-month decline since October, ahead of U.S. manufacturing data that are expected to show that it bounced off previous month. S&P 500 futures expiring in September advanced 0.6% to 1,609.3 as of 6:13 a.m. New York time; however, the gauge dropped 1.5% in June, reversing its rise
The Japanese Yen depreciated as data indicated Japan's manufacturers sentiment climbed for the first time since September 2011. European shares and U.S. equity-index futures, and metals pushed commodities higher. The Yen declined 0.4% to 99.57 against the U.S. Dollar. The Standard & Poor's 500 Index futures rallied 0.5%.
The common currency remained higher versus the U.S. Dollar and the Japanese Yen following data that indicated inflation in the Euro block increased while unemployment rate climbed. The 17-nation currency jumped 0.3% to $1.3042 and inched up 0.7% to 129.88 against the Yen. The yearly inflation rate in the Eurozone rallied to 1.6% previous month from 1.4% in May.
U.K. government gilts decreased for the second day as industry data indicated U.K. house prices advanced in June, curbing demand for safer assets. The 10-year bond yield climbed three basis points to 2.47% and the 1.75% note maturing in September 2022 declined 0.205 to 94.125. Home prices in England and Wales climbed 0.4% in June.
South Korean Won advanced for the fifth day, continuing the longest period of climbs in two months, as manufacturing in China grew matching the preliminary estimates, fueling optimism about China's economic outlook. The South Korea's currency jumped 0.5% to 1,136.73 against the U.S. Dollar. Chinese Purchasing Managers Index came in at 50.1.
Activity in the U.K. manufacturing sector surged to 25-month highest level and reached 52.5 points in June. Moreover, the PMI Index for May was upgraded to 51.5 points as well. Economists expect both the manufacturing sector and economy to grow 0.5% in the Q2. The second and third quarters of the year have traditionally represented the biggest economic expansion during
Spanish 10-year government securities rose for a fifth consecutive day after better-than-expected manufacturing data release. The report showed an increase from 48.1 in May to 50 last month, whereas 50 is the dividing line between expansion and contraction. Yield on 10-year Spanish bonds decreased 8 basis points to 4.69%, while yield on similar maturity Italian bonds dropped 5 basis points
European shares gained, following the benchmark Stoxx Europe 600 Index first one-week advance in more than a month, as the Eurozone's factory output data are awaited. The Stoxx Europe 600 Index added 0.6 to 286.59 as of 8:49 a.m. London time; moreover, the gauge rose 1.7% previous week. Standard & Poor's 500 Index futures advanced 0.5% and the MSCI Asia
U.K. shares gained, prolonging the biggest one-week advance for the benchmark FTSE 100 Index since April, as Japanese manufacturing reports improved confidence in countries economy. The FTSE 100 Index rose 0.9% to 6,268.44 as of 8:57 a.m. London time, prolonging previous week's 1.6% gain. The FTSE All-Share Index added 0.8% and Ireland's ISEQ Index climbed 0.1%.
Treasuries fell as experts predict that this week's data releases will show that the U.S. economy added as many jobs last month as in May, which resulted in limited demand for safe-haven assets. The yield on 10-year government securities increased 2 basis points to 2.5%. It is expected that the Treasuries' yield will reach 3% by the end of the
German shares advanced slightly, after the DAX Index posted a one-month decline, as the Eurozone's and the U.S. manufacturing data are awaited by investors. The benchmark DAX Index gained 0.1% to 7,969 as of 9:48 a.m. Frankfurt time. The equity-benchmark retreated 4.7% in June as the Fed indicated that it could start tapering monetary stimulus if the U.S. economy grows.
Gold gained for a second straight day as the fall to the lowest level since 2010 previous week lured investors to stay steady. Spot gold advanced 1.1% to $1,248.12 an ounce and was at $1,244.52 as of 2:49 p.m. Singapore time, after retreating 0.7%. The yellow metal prices slid to $1,180.50 on June 28, reaching the 34-month low.