West Texas Intermediate oil declined on Monday snapping its 3-day rally amid concerns that conflict in Middle East may worsen after the Syrian government forces began an offensive against rebels. WTI for settlement in June declined by 69 cents to $95.33 a barrel on the NYMEX and was traded at 95.47 a barrel as of 10:50 a.m. in London.
U.S. Treasuries declined on Monday pushing the benchmark 10-year yields towards the highest level in a two-month period on speculation that Federal Reserve may begin reducing its bond purchases amid favourable economic data. 10-year bonds yielded at 1.98% as of 6:08 a.m. in New York after they rose five basis points last week to 1.98%, the highest level since March
U.K. shares fluctuated on Monday reversing gains recorded earlier after the regional benchmark index FTSE 100 increased to its strongest level in more than 5 ½ years last week. The FTSE 100 decreased by 0.26 point to 6,722.8 as of 11:16 a.m. London time, while the broader FTSE All-Share Index stayed unchanged and Irish ISEQ Index advanced by 1.4%.
House prices in the United Kingdom increased annually in May with the house pricing index rising from 0.4% recorded in April to 2.5% in the next month, a report released by the Right Move unveiled on Monday. The report also showed that the average asking price stayed at 2.1% on a monthly basis in May with the average house price
The Australian Dollar strengthened by 0.5% to 97.74 per U.S. Dollar in the second part of Sydney trading session on Monday. The currency gained the first time in three days versus the U.S. Dollar, as technical indicators raised concern that the South Pacific currency might be oversold. The Relative Strength Index was at 24.4, sharply below 30 level which refers
The Taiwan's Dollar was higher by 0.3% to 29.96 per U.S Dollar by the midday trading session in Taipei on Monday. The currency advanced the most since 29th of April, as global funds increased their holdings in island's equity market. The domestic government reviewed taxes on capital gains in the country.
The South Korean Won was lower by 0.2% to 1,119.70 per U.S. Dollar in the morning of Seoul trading session on Monday. The currency touched a 1,121.08 level, which is the weakest since 23th of April. The Won lost some of its value, as North Korea fired missiles during the weekend, fueling tension among countries.
The British Sterling decreased against the U.S. Dollar on Friday completing its weekly fall on speculation that the Federal Reserve may begin slowing its bond-buying program boosting demand for the U.S. currency. The Pound declined by 0.2% to $1.5244 at 7:50 a.m. in London following a drop to $1.5174 on May 15, the lowest level since April 4.
Emerging-market shares edged down on Friday pushing the regional benchmark index towards its first weekly drop in a month as material companies contracted and Philippine stocks decreased from historical high. The MSCI Emerging Market Index dropped 0.2% to 1,044.50 as of 1:47 p.m. Hong Kong time and it fell 0.6% this week.
The Canadian currency depreciated against its U.S. counterpart for the fifth time out of six days after President of San Francisco Fed John Williams signaled that the central bank may slow its bond-buying program as the labour market improves. The so-called Loonie dropped 0.4% to C$1.0195 per U.S. Dollar as of 5 p.m. Toronto time after it reached C$1.0219 yesterday,
Natural gas was down on Friday after a survey published by the KPMG LLP Global Energy Institute showed that the prices of the commodity are expected to stay below $4 per million British thermal units for the rest of 2013 and should range from $3 to $4. Natural gas for delivery next month was traded at $3.932 yesterday completing a
West Texas Intermediate oil fluctuated on Friday following an increase to the highest level in a week as OPEC was predicted to increase its oil exports in May to meet rising demand from refiners in Asia. WTO for next month's settlement was traded 10 cents higher at $95.26 a barrel on the NYMEX as of 2:12 p.m. Singapore time after
Asian shares increased on Friday heading towards the second straight weekly gain after the Japanese benchmark Topix Index rebounded close to its highest level recorded in 2008 amid increase of leasing companies and as the country's Prime Minister encourages practices to revive capital spending. The MCSI Asia Pacific Index was traded at 142.99 at 1:44 p.m. Tokyo time.
Soybeans increased on Friday heading to its largest weekly gain in four months amid signs of sustained demand for the U.S. crop from the world's largest user of the commodity, China. July soybeans futures jumped by 0.6% to $14.36 a bushel on the CBOT, the strongest level for the most-active futures contract since March 28, and it was traded at
Gold traded in Mumbai is set to extend its losing streak heading towards the lowest level since August 2011 as technical indicators signal further declines, Motilal Oswal from Commodity Broker Pvt said on Friday. Bullion traded in London entered a bear market in April and it has lost 18% since the beginning of the year, while futures are expected to
The U.S. Dollar continued to grow against the majority of its 16 counterparts on Friday and advanced to the highest level in six weeks versus the Euro before a government report showed that the U.S. economy showing signs of improvements. The greenback was traded at 102.32 yen at 6:39 a.m. London time and it gained 0.1% to $1.2864 per Euro
Consumer prices in the U.S. decreased in April mainly due to a sharp decline in energy prices falling by 4.3% after they slipped 2.6% in the month before and a 8.1% contraction of gasoline prices, the Labor Department reported on Thursday. According to the report, consumer price index edged down 0.4% in April following an 0.2% slide in the previous
Manufacturing activity in Philadelphia's area surprisingly contracted on May largely due to a notable 7.9% fall in new orders and a 8.5% drop in shipments, a survey revealed by the Federal Reserve Bank of Philadelphia showed on Thursday. The diffusion Philly Fed index of current activity dropped from 1.3 in April to a negative 5.2 in May, while it was
Japan's core machinery orders climbed notably, gaining for the fifth month out of six in March, when they surged 14.2% standing at 793.1 billion yen, a report released by the Cabinet Office unveiled on Friday. The report also showed that on an annual basis core machinery orders jumped 2.4% in March beating expectations of a 4.9% decline after falling 11.3%
Producer prices in New Zealand increase in the first three months of 2013 from the quarter before beating a forecast of economists, the Statistics New Zealand reported on Friday. The report showed that producer price index rise by 0.8% in the Q1 compared to a 0.1% decline originally expected, while input producer prices advanced by 0.8% in the Q1 topping
Initial claims for unemployment benefits in the U.S. bounced back by more than originally expected in the week ended on May 11, the latest figures released by the Labor Department unveiled on Thursday. First-time jobless claims increased from 328,000 estimated for the previous week to 360,000 recorded in the last week, while the figure was forecast to jump to 330,000
China's leading economic indicator measuring current activity advanced in April as four of the six main components contributed positively to the result on the month, the Conference Board reported on Friday. The report showed the leading economic index rose 1.5% in April standing at 260.8 following a 0.6% drop recorded in the month before and a 1.3% jump in February.
The British Sterling depreciated against the U.S. Dollar heading to the weakest level in six-weeks as investors awaited today's auction of 30-year government bonds totalling 2.5 billion pounds. The Pound dropped 0.2% to $1.5210 at 7:33 a.m. in London following a yesterday's slide to the lowest level since April 4 at $1.5174, while it was at 84.57 pence per Euro.
The Canadian currency advanced against its U.S. counterpart for the first time in a five-day period after a report showed that industrial production in the U.S. decreased by the most in 8 month is April. The so-called Loonie added 0.2% to C$1.0157 per U.S. Dollar as of 5 p.m. following a decrease to C$1.0219, the lowest level since April 25.