The Mexican Peso advanced by 0.3% to 12.8090 per U.S. Dollar in the end of Mexico City trading session on Monday. The Peso reached a seven week high, as investors traded positive on optimism that U.S. lawmakers are making progress in next year U.S. budget agreement. This deal will allow to avoid the fiscal cliff and recession in the U.S.
Asian stocks advanced before the Fed's policy meeting and as a progress in the U.S. "fiscal cliff" talks is awaited. The MSCI Asia Pacific Excluding Japan Index rose 0.2% to 459.95, poising for the highest close since August 2011. Australia's S&P/ASX 200 Index added 0.4% and South Korea's Kopsi Index gained 0.1%. Hong Kong's Hang Seng Index advanced 0.2%, while
Oil was close to a one-month low in New York amid speculation a report will indicate an increasing fuel stockpiles in the U.S, the world's biggest oil consumer. Crude for January settlement traded at $85.59 a barrel, up 3 cents. The contract fell 37 cents to $85.56 a day earlier, the lowest close since November 15. Brent for January delivery
The U.S. Dollar stayed lower versus the Japanese Yen and Euro on speculation the Fed will announce further monetary stimulus at its 2-day meeting starting today. The greenback lost 0.1% to $1.2957 per Euro at 6:23 a.m. London time after falling 0.1% yesterday. It touched 82.33 yen after weakening 0.2% a day earlier to 82.36.
Canada's currency touched the strongest level in seven weeks against the greenback after the government confirmed Cnooc Ltd. $15.1 billion takeover bid for Nexen Inc. The loonie strengthened 0.2% to 98.63 cents per U.S. Dollar after it touched 98.62 cents, the highest since October 19. The Canadian Dollar buys $1.0139.
Rural commodities moved lower on Monday despite softer greenback. Grains came under selling pressure in wake of slowing demand for US supplies while softs extended the decline amid global oversupply concerns. Wheat attained three-week low on signs that demand for US grains is weakening. Iraq bought 350,000 metric tonnes from Australia and Romania, shunning US wheat. Meanwhile, US exports dived
Energy futures except for Brent oil retreated on Monday despite broadly weaker US Dollar and hopes that the Fed will keep its policy easy. The commodity group faced a heavy downward pressure from negative news from the Eurozone. Italy's PM Mario Monti unexpectedly announced his resignation, raising uncertainty over the country's leadership.Crude oil fell amid fears that global demand may
Base metals rallied on Monday on rising hopes that the Fed will keep its monetary policy loose as the US economy has not strengthened enough yet. However, dismal economic data releases from the Eurozone and Japan restricted an upward trend of industrial metals. Meanwhile, elevated inventory levels at LME-monitored warehouses also weighed on the commodity group.Aluminum surged on better demand
Precious metals rose on Monday, being supported by broadly weaker greenback and speculation that the Fed will not tighten its ultra-easy monetary policy. However, dismal data from the Eurozone limited losses of the US Dollar thus capping gains of the commodity group. Meanwhile, market players continued to wait for the FOMC statement due on Wednesday.Gold climbed 0.53% amid mounting hopes
The kiwi dollar reached the highest level in five weeks versus the Australian peer as house prices in New Zealand increased at the fastest pace in 5 years last month and card spending rose. The Aussie weakened versus its major counterparts as business confidence fell to the lowest level since 2009. The New Zealand Dollar gained 0.1% to 83.54 U.S.
German equities were little changed as Greece rescheduled the deadline on bond buyback offer and Italy's Prime Minister announced of his resignation after the former Prime Minister withdrew his support for the government, while Berlusconi seeks to return to power. The shares were also affected by Greece extending a deadline to spend 10 billion euros to buy back the sovereign
Most European stocks dropped triggering a decrease in the Stoxx Europe 600 Index from its 18-month high, after Italy's Prime Minister Mario Monti pledged he would resign as soon as the budget for 2013 is approved, causing concerns that this might damage efforts to reduce the nation's debt. Meanwhile, Berlusconi said to seek for premiership in the next year's election
Hong Kong shares advanced on China-related equities, as optimism was raised by hopes on economic recovery. Chinese property led gains as investors persisted to purchase into one of the year's best performing sectors. The investors mainly focused on mainland-related property, banking and resource businesses. The Hang Seng index surged 0.4% to 22,276.7, below last week's high. The gains were capped
Japanese shares fell after data showed the nation's economy, as the GDP shrank an annualized 3.5% in the third quarter and banks forecast another contraction in the fourth quarter on falling exports and weak domestic demand. The equities rose earlier as U.S. employment data topped estimates. Moreover, the improvements in the stock market are capped by a slowdown in the
U.S. equities rallied on Friday, as the employment growth forecasts had been boosted up after Friday's employment report and orders for equipment data showed the highest reading in eight months. In addition, service industries grew faster in November. The increase in stocks was also triggered by more positive view on the budget talks, as Congress and Administration seem to close
U.S. shares advanced on Friday for the third consecutive week, after positive employment data prompted for higher forecasts and budget agreement is likely to be reached in Washington. The employment rate dropped to the lowest level in four years to 7.7%.The S&P 500 surged 0.1% to 1,418.07. The gauge is 0.7% down since Barack Obama was re-elected in the presidential
German equities were little changed as Greece rescheduled the deadline on bond buyback offer and Italy's Prime Minister announced of his resignation after the former Prime Minister withdrew his support for the government, while Berlusconi seeks to return to power. The shares were also affected by Greece extending a deadline to spend 10 billion euros to buy back the sovereign
The Japanese economy fell into technical recession, when contracted two successive quarters, the Cabinet Office reported on Monday. Economic output of the country declined 3.5% annually in the quarter ended in September following a fall of 0.1% in the Q2. Private consumption and capital spending had the biggest impact on contractions, when both were down 0.4% and 3%.
Most European stocks dropped triggering a decrease in the Stoxx Europe 600 Index from its 18-month high, after Italy's Prime Minister Mario Monti pledged he would resign as soon as the budget for 2013 is approved, causing concerns that this might damage efforts to reduce the nation's debt. Meanwhile, Berlusconi said to seek for premiership in the next year's election
Hong Kong shares advanced on China-related equities, as optimism was raised by hopes on economic recovery. Chinese property led gains as investors persisted to purchase into one of the year's best performing sectors. The investors mainly focused on mainland-related property, banking and resource businesses. The Hang Seng index surged 0.4% to 22,276.7, below last week's high. The gains were capped
The Rand fell from the highest level in a month versus the U.S. Dollar, posting first loss in six days, ahead of growth data, which showed the increase in prices. Consumer prices in November grew 5.6% from the previous year and were unchanged from October. The Rand depreciated 0.4% against U.S. Dollar and traded at 8.6863 per Dollar, following gain
The Yen strengthened against the Euro to almost two-week high on Mario Monti, Prime Minister of Italy, announced his intention to step down, increasing concerns that changing political situation may ditch efforts to escape the Eurozone debt crisis. Japan's currency advanced 0.4% and traded at 106.29 per Euro, following gain to 105.98, the highest level in two weeks, and gained
Japanese shares fell after data showed the nation's economy, as the GDP shrank an annualized 3.5% in the third quarter and banks forecast another contraction in the fourth quarter on falling exports and weak domestic demand. The equities rose earlier as U.S. employment data topped estimates. Moreover, the improvements in the stock market are capped by a slowdown in the
U.S. shares advanced on Friday for the third consecutive week, after positive employment data prompted for higher forecasts and budget agreement is likely to be reached in Washington. The employment rate dropped to the lowest level in four years to 7.7%.The S&P 500 surged 0.1% to 1,418.07. The gauge is 0.7% down since Barack Obama was re-elected in the presidential