The European equity markets shows a solid increase on the first trading day of the new week, while economists predict the global economy will continue to recover. The benchmark Europe Stoxx 600 Index climbed 0.2% to 348.03 points so far, the highest level in six years. At the same time, a several number of stock markets are closed today due
Economic growth in Japan has been stronger than forecasted initially in the first quarter of this year, as investment and consumer spending jumped. GDP advance reached 6.7% in January-March on the annual basis, while the preliminary reading showed a 5.9% rise. Among components, business investment climbed as much as 7.6%, while consumer spending increased 2.2%.
Italian bonds rose and corporate bond risk dropped to the lowest level in six years on expectations the ECB will intensify expansionary monetary policy. Italy's ten-year bond yields declined two basis points to 2%, while the corporate credit risk slid to the lowest level since May 2008. The European Central Bank may take rates into the negative territory today, as Mario
The decline in commodity prices led to a fall in Australian trade balance in April of 2014, which turned to be negative. The deficit reached $122 million, while economists waited for a $510 million surplus. The result follows a revised $902 million surplus a month ago. During April, exports decline 1%, while imports rose 2%. Moreover, the prices of coal
The total number of new manufacturing orders in the largest economy of the Eurozone showed a significant jum in April of the current year, increasing 3.1% on a monthly basis. At the same time, the rise follows a plunge of 2.8% in March, the biggest in a year. Analysts predicted the indicator to add 1.4%. Therefore, the advance in orders
The stock market in Europe shows no considerable changes in the beginning of the trading day on Thursday, as economists are following the ECB actions today, which can make new decisions concerning further stimulus measures in order to increase the pace of economic recovery and inflation level. The benchmark Stoxx 600 Index addes 0.1% to 343.59 points by 7:00 GMT
Property prices in the United Kingdom jumped significantly in May of this year, reaching the largest level since the year 2008. Prices added 3.9% on a monthly basis, while year-on-year an increase was 11%. The average home price has been 184,464 pounds last month. The company points out that the biggest advance in housing prices has been seen in the
The total number of registered new cars in the United States jumped considerably in May of the current year, with all three biggest American car makers showing a stable growth, despite a high number of recalls in recent months. The indicator surged 11% to 1.6 million units, which is the highest monthly number since July 2005. Alongside, May is always
Economic growth in Australia reached the highest pace in last two years, with both exports and construction sector advancing, while the RBA kept borrowing costs low. The GDP of the country surged 1.1% in the first quarter of this year on the quarterly basis, while analysts predicted the indicator to add 0.9%. On the annual basis, the economy increased 3.5%
The ECB will most probably cut both key and deposit interest rates after the Governing Council meeting on Thursday, the majority of economists expect. As predicted, the cut of both rates will be in the range of 10-15 basis points, keeping the borrowing costs very low. Alongside, the ECB is planning to leave some space after the rates' cut for
Equity markets in Asia decline on Wednesday, while investors are waiting for the jobs data in the U.S. and a monetary policy decision from the ECB tomorrow. The benchmark index MSCI Asia Pacific decreased from the biggest level in seven months, by retreating 0.2% to 142.79 points. Nine out of ten industry sectors show a decline, with HTC Corp. Falling
Standard & Poor's 500 Index climbed to the record level, as investors awaited U.S. manufacturing data. S&P 500 Index rose almost 0.1% in June, after an increase of 1.2% last week. Economists expect the Institute for Supply Management's report at 10:00 a.m. New York time will show American manufacturing index climbing 0.6 to the mark of 55.5 for May.
According to the analysts' expectations, the ECB will most likely announce new support measures in the single currency area in order to withstand the low inflation and high unemployment level. Among measures, the forecasts vary from lowering key interest rate and making the deposit rate negative to the long-awaited quantitative easing program, which has not been practiced by the ECB
Total car sales in the United States will most likely climb in May of the current year, while market analysts wait for a 6.5% monthly increase to 1.54 million units. It will bring the annual sales' indicator to 16.1 million cars. Moreover, the advance is also expected to be shown by American GM and Chrysler, which have been active in
The total number of building approvals in Australia unexpectedly declined in April of 2014, with approvals for building townhouses and apartments dropping as much as 14%. Other approvals fell 0.3%, bringing the average decrease to 5.6%, while analysts predicted a 2.1% rise of the indicator. On the annual basis, building permits advanced 1.1% in April of this year.
Property prices in the United Kingdom advance already for the 16th consecutive month, while investors see risks of overheating that may potentially cause a bubble on the housing market. According to the Hometrack Ltd. company's data, prices of houses in England and Wales added 0.5% in may of the current year after a 0.6% jump a month before. Prices in
Activity in the manufacturing sector of Japan continued to decrease in May of this year, while the benchmark PMI Index, which evaluate the performance of the sector, remained unchanged from April's reading at 49.9 points level. Meanwhile, the advance in acvitity would be shown by the PMI index above 50 points. The biggest contributor to decline is falling demand amid
Siemens AG (SIE) will remove more than 11,600 positions, as the company cuts about one billion Euros ($1,34 billion) in costs, chief executive officer, Joe Kaeser, said. Siemens plans to lay off 3% of the workforce, including 4,000 as a result of pruning down its regional operations. Siemens shares declined 1.1% this year; however, today the price increased 0.5% to
The performance of the world's largest economy dropped in the first three months of this year recording the first decline since 2011, the latest report published by the Commerce Department showed on Thursday. According to the report, the U.S. GDP fell 1.0% in the Q1, while it was original seen to be falling by 0.5%.
Russian shares dropped on Friday amid geopolitical tension between Ukraine as the country's President Vladimir Putin kept Russian army in Ukraine despite sanctions put on the nation by the European Union and the U.S. The benchmark index Micex slipped 0.6% today and it has jumped 10.4% in May, set to record its first monthly gain this year.
The majority of emerging-market equities fell on Friday session heading towards the longest streak of monthly climbs as the People's Bank of China decided to support the local economy with further stimulus and as India has a new government. The MSCI Emerging Markets Index dipped 0.4% to 1,034.81 by 9:01 a.m. London time.
Inflation measured as consumer price index in the Asia's second largest economy increased in April rising at the fastest pace since 1991, a report released by the Bank of Japan showed on Friday. The country's consumer prices accelerates by 3.2% on an annual basis in April, however, the report also showed that industrial production in Japan slipped 2.5% in April.
Japanese shares swung between gains and losses on Friday with the benchmark index Topix recording its first advanced in a month since the beginning of 2014 as power producers and tiremakers led gains. The Topix jumped as much as 0.1% to a level of 1,201.41 following an increase of 0.4% earlier on the session, while the Nikkei 225 closed 0.3%
The European benchmark Brent crude increased modestly on Friday session narrowing the Brent-WTI spread from $8.33 in April to current level of $6.70 after a report unveiled that stockpiles at Cushing in Oklahoma slipped to 21.7 million barrels. Brent for delivery in July gained $0.09 to $110.06 per barrel on the London's ICE Futures Europe exchange.