Wall Street shares closed higher on Wednesday trading session erasing previous day's loss as the U.S. Federal Reserve released minutes from the last policy meeting showing that the bank may tighten its stimulus measures soon. The Dow Jones industrial average gained 0.97% to 16,533.06 points, the S&P 500 added 0.81% to 1,888.03 and the Nasdaq Composite index rose 0.85% to
Current account surplus in the Eurozone dropped further in March of this year, as trade surplus of both goods and services slipped consierably, while other indicators improved. The surplus reached 18.8 billion euro versus 21.8 billion euro in February. Trade surplus plummeted from 15.5 billion euro to 13.8 billion euro, while positive balance of services decline to 8.5 billion euro
After the Wednesday meeting, the Bank of Japan decided to implement no changes to the monetary policy in the country, leaving the pace of increase of monetary base on the annual 60-70 trillion yen level. As expected, the inflation will move closer to 2%, however some analysts say that is not achievable without more stimulus, as they expect the extra
According to the minutes of the Bank of England meeting on May 7-8, all the members of MPC voted for continuation of the current monetary policy stance, with the key rate and QE remaining at 0.5% and 375 billion pounds levels, respectively. However, some of members point on strong economic recovery and rising housing market, which can be the reason
Retail sales in the U.K. climbed much more than forecasted in April of this year, while food sales during the Easter increased considerably. The indicator showed an advance of 1.3% on a monthly basis, while year-on-year is added as much as 6.9%, the largest rise since May 2004. Service sector accounts for more than 70% of the economy and may
German shares slipped on Tuesday trading session after the benchmark stock index DAX rallied yesterday as today's drops were led by Henkel AG and Lanxess AG. The DAX Index fell as much as 0.4% to 9,625.95 as of 3:55 p.m. Frankfurt time and it has gained 4.9% since April 15, while the broader HDAX Index slid 0.3%.
Government bonds in Italy dropped on Tuesday with the benchmark 10-year yields rising towards the strongest level in over a six-week period as investors remained focused before the European Parliament elections taking place this weekend. Italy's 10-year government notes yielded 0.06% higher at 3.20% by 1:57 p.m. in London after trading at 3.24%, the most since April.
Emerging-market shares were trade lower on Tuesday trading session with the Russian OAO Gazprom leading drops and as equities in Thailand slipped amid political turmoil in the region. The MSCI Emerging Markets Index lost as much as 0.3% to a level of 1,032.32 as of 2:11 p.m. London time following a gain to its 6-month high.
A leading economic index measuring future situation in India advanced in April improving for the second successive month, the latest survey unveiled by the Conference Board showed on Tuesday. According to the survey, the Indian leading economic index accelerated by 0.7% on a sequential basis in April after rising by 0.2% in March.
Italian industrial orders recovered in March expanding at a faster pace than economists originally projected, a report published by the statistical office ISTAT showed on Tuesday. According to the report, the country's industrial orders gained 1.3% on a sequential basis in March after falling by 3.2% in the previous month.
House prices in the United Kingdom accelerated in March rising by less than economists originally estimated and at a slower pace than in the prior month, data published by the Office for National Statistics showed on Tuesday. According to the report, the country's house prices gained by 8% in March averaging 252,000 pounds, while in February the prices added 9.2%.
Current account balance in Italy came in a surplus in the month of March after recording a deficit in March 2013, the latest report published by the Bank of Italy showed on Tuesday. According to the report, the country's current account surplus posted 1.005 billion euro in March compared to a 516 million euro deficit in March last year.
A leading economic index in the Asia's second largest economy dropped in March, however the pace of decline was lower than economists originally estimated, a report unveiled by the Cabinet Office revealed on Tuesday. According to the report, the Japanese leading index slipped from February's level of 108.5 points to 107.1 points in March.
Inflation in the United Kingdom measured as consumer price index expanded in April rising at a faster pace than economists initially expected, the latest data revealed by the Office for National Statistics showed on Tuesday. The country's consumer prices accelerated by 1.8% in April following a 1.6% advanced recorded in the prior month.
Economic growth in the Organization for Economic Cooperation and development area eased in the first three months of this year compared to initial estimates, the latest report released by the organization showed on Tuesday. According to the report, the OECD GDP grew slower at the pace of 0.4% in the Q1 after rising by 0.5% in the Q4.
Wall Street shares opened lower on Tuesday trading session with the benchmark stock index snapping its two-day winning streak after companies reported earnings. The S&P 500 Index slipped 0.06% to 1,883.89, the Dow Jones industrial average dropped 0.05% to 16,502.87 and the Nasdaq Composite Index lost 0.09% to 4,122.28.
The U.S. Dollar slightly increased on Tuesday trading session rising against the Japanese Yen and the euro-area currency after the Bank of Japan remained positive about supporting the country's currency and as U.S. shares surged today. The U.S. Dollar added from 101.10 yen to 101.36 earlier on today's session, while it gained 0.1% versus the Euro.
The Australian currency dropped notably on Tuesday falling against its U.S. counterpart after a government report showed that prices of the country's largest export earner, iron ore, fell significantly. The so-called Aussie slipped as much as 0.8% and was last traded at 92.60 per U.S. Dollar as the iron ore prices fell to $98.50 a ton, the least in over
Asian equities declined on Tuesday trading session with the region's benchmark stock index falling for the second day this week, while the Japanese gauge advanced as investors' sentiment pushed the prices higher after the Wall Street shares surged yesterday. The MSCI Asia-Pacific index lost as much as 0.3% and the Nikkei 225 average remained flat.
European stocks fall on political angstThe majority of European shares slipped slightly on Tuesday trading session falling for the second straight day as geopolitical tension in Ukraine overshadow an optimism after the European Central Bank signaled that it may keep current level of stimulus. The London's FTSE and Paris' CAC slid 0.5% and 0.2% respectively, while Frankfurt's DAX stayed flat.
Jobless rate in Sweden showed no changes in April of the current year, comparing with the data a year ago, however, it increased on a monthly basis a reached 8.7%. Analysts predicted a decline to 8.5%, down from 8.6% in March. The total number of people without any work was 445,00 last month. At the same time, employment level climbed
According to the national referendum data in Switzerland, voters opposed the idea of introducing the highest minimum wage in the world, amounted 22 francs per hour. The idea received a denial of 76.3% of citizens, who came to vote. The Economy Minister of the country said that the rejection of such a large minimum wage will protect the rural and
The Governor of the Bank of England Mark Carney announced on Monday that the property market has a lot of problems at the moment and represents the highest risk for the economy. The main problem lies in jumping prices, however, the Bank of England cannot influence the housing market directly. The regulator is going to control banks, so they would
A vast majority of economists, who were asked about new monetary easing measures from the ECB, said that the central bank will start further easing in June, as it was announced by the President Mario Draghi on May 8. Namely 90% of them see that new monetary policy tools will be implemented to withstand risks of low inflation or even