Inflation measured as harmonized index of consumer prices (HICP) in the Eurozone was below economists' projections slowing down for the fourth month in a row in April, a data unveiled by the statistical office Eurostat showed on Tuesday. The HICP index eased to 1.2% in April, down from 1.7% recorded in March, while it was forecast to fall just to
Unemployment rate in the euro area increased to the highest all-time level in March, while the jobless rate in the whole European Union stayed flat, the statistical office Eurostat reported on Tuesday. According to the report jobless rate in the EU17 recorded 12.1% in March, up from 12% in February, while unemployment rate in the EU27 remained at 10.9% in
Property prices in the U.S. metropolitan areas rose more than preliminary estimates in February, the latest figures released by Standard and Poor's revealed on Tuesday. The report showed that the S&P/Case-Shiller 20-City Composite Home Price Index added 9.3% on an annual basis on February after it advanced by 8.1% a month before.
Organization for Economic Cooperation and Development area's annual inflation slowed down in March after it moved up the month before mainly due to weaker growth in prices of energy and food, the organization's report showed on Tuesday. The OECD's area inflation rose annually by 1.6% in March following a 1.8% gain in February and a 1.7% climb in January.
European government bonds advanced on Tuesday after a report showed that inflation in the 17-antion bloc area decreased to the lowest level in more than 3 years and as the ECB is expected to lower the benchmark interest rate. German 10-year rates slipped to the lowest in 9 month at 1.18% and Spanish 10-year yield dropped to 4.12%, the lowest
European equities advanced on Tuesday with the regional benchmark index heading to the longest streak of monthly gains in sixteen years as Italy ended its political uncertainty after it formed a new government and as consumer spending in the U.S. rose in March. The Stoxx Europe 600 added 0.5% to 297.39, the highest figure since April 2, while it has
Emerging-market shares increased to their highest level in one month on Tuesday mainly due to a rally of technological sector companies led by Hermes Miscrovision Inc. as investors seek for more risky assets amid global monetary measures speculation. The MSCI Emerging Market Index gained 0.6% to 1,033.19 as of 12:41 p.m. Hong Kong time reducing this month's fall to 0.2%.
The 17-nation bloc currency rose together with European government bonds, when the yield of French notes recorded a historical low as weaker inflation raised a chance of more stimulus measures added by central banks. The Euro fell 0.2% to $1.3074 and it declined 0.4% to 127.52 per yen, while the French 10-year yields dropped to 1.70%.
Asian shares increased on Tuesday with the local benchmark index heading to the strongest closing price since June 2008 after the U.S. report showed that housing sales increased and amid speculation about further stimulus measures by central banks. The MSCI Asia Pacific Index advanced 1% to 141.92 as of 8:23 p.m. Tokyo time, while the index has gained 4.7 %
Gold traded in exchange-traded funds and products made from gold is heading for the largest drop in a month as investors seek for higher yielded assets amid sign of improving global economic recovery. Bullion for delivery in April dropped 0.2% to $1,474 an ounce as of 9:24 a.m. Singapore time, while assets in ETPs declined 168.22 metric tons to 2,281.62
Corn continued to climb on Tuesday as it extended gains to the largest level in 10 months after a report showed that cold and wet weather in the U.S., the world's biggest exporter, curbed planting. Corn for delivery in three months gained 1.4% to $6.69 a bushel on the CBOT, the highest figure for most-active futures since April 1, while
The Won rose to the highest in six months amid speculation exporters of South Korean are exchanging yields from overseas sales, and government bonds strengthened. The Won gained 0.3% to 1,103.50 per greenback, the most since March 14, while the return on the 2.75% government bonds due March 2018 dropped to 2.56%, down two basis points.
The New Zealand Dollar dropped after data depicted construction approvals suddenly dropped, easing pressure on the Reserve Bank to switch to more contractionary monetary policy. The so-called kiwi worsened 0.1% to 85.60 U.S. cents and lost 0.1% to NZ$1.2094 versus Aussie, which remained almost unchanged and stood at $1.0353. During April 2013, the N.Z. Dollar has appreciated 2.9% versus the
Unemployment in Japan fell in the month of March missing economists' expectations, the latest report revealed by the Finance Ministry unveiled on Tuesday. According to the report the Japanese unemployment rate decreased from a level of 4.3% recorded in February to 4.1% in March, while it was forecast to climb to 4.2% by Dow Jones Newswires survey.
The Pound Sterling advanced to the highest in 10 months versus the greenback after an industry report indicated the U.K. real estate prices rose this month, adding to optimism the recovery is gathering pace. The Pound appreciated 0.2% to $1.5504, while it weakened 0.4% to 84.51 pence per Euro. The Pound has added 1.5% in April, while the Euro climbed
West Texas Intermediate oil was traded close to its 3-week high, while it was heading to a monthly drop as inventories in the U.S. jumped to the highest level in more than 22 years. June WTI futures were traded at $94.41 a barrel as of 12:01 p.m. on the NYMEX after it jumped to the strongest level since April 10
Japan's retail sales decreased in March from the year before, when it was falling for the third successive month suggesting that the Asian's second biggest economy is recovering on a slower pace than originally expected, the Ministry of Economy, Trade and Industry reported on Tuesday. Retail sales dropped 0.3% in March compared to an estimated 0.6% gain.
The Canadian Dollar climbed to highest in two weeks against its U.S. counterpart on gains in the country's largest export, which is crude oil, and speculation the European Central Bank would cut its interest rates and the U.S. would retain stimulus measures. The loonie rose 0.5% to C$1.0112 per greenback, while the Australian Dollar gained 0.2% to C$1.0466 and the
The so-called greenback traded 0.2% from a week low against the shared currency as the Fed begun a two-day meeting on bets it would retain its asset purchases for the upcoming future. The U.S. Dollar stood at $1.3090 per Euro and climbed 0.2% to 97.93 Yen. Up to now, the U.S. Dollar has risen 0.7% against the 17-nation currency and
Consumer confidence in the United Kingdom declined in April as an increasing inflation in the country had an impact on Briton's salaries and lowered household incomes, the latest figures revealed by the Office for National Statistics showed on Tuesday. Consumer confidence index fell from -26 recorded in March to -27 in April, its lowest level since December 2012.
Industrial production in Japan eased in March missing preliminary estimated figures, when the best performance recorded chemicals, electronic parts and devices, a report revealed by the Ministry of Economy, Trade and Industry showed on Tuesday. According to the report industrial output gained 0.2% in March, down from February's 0.6% and 0.3% in January.
Household spending in Japan increased by much more than economists originally expected in March, when it was rising for the third straight month, the latest data released by the Finance Ministry unveiled on Tuesday. 2-or-more-people household spending advanced annually by 5.2% in March, while household expenditures climbed 23%.
Retail sales in Sweden advanced at significantly slower rate in March than the month before, a data released by the Statistics Sweden revealed on Monday. According to the data the country's retail sales rose annually by 1.8% in March compared to a 3.4% growth recorded in February, while consumables sales expanded by 2.2% and sales for durables gained 1.8%.
Inflation in Spain slowed down by more than originally estimated in April mainly due to a decline in prices of lubricants, electricity and fuels, a report released by the statistical office Ine unveiled on Monday. The report showed that the harmonized index of consumer prices (HICP) jumped 1.5% on an annual basis in April after it grew 2.6% in March,