Economic growth in Indonesia weakened in the first three months of this year, however the pace of growth eased less than initially projected, a report released by the Statistics Indonesia showed on Monday. According to the report, the country's gross domestic product advanced by 5.21% on an annual basis in the Q1, while in the Q4 of 2013 the growth
Inflation in the euro-area is unlikely to fall into negative figures, according to the European Commission report released on Monday, and the ongoing recovery in the Eurozone may be lasting longer than initially forecast. The report also said that the European Commission estimates a 1.7% GDP growth for the next year, while growth for 2014 remained at 1.2%.
The European currency held steady on Monday trading session staying above its recent intraday low recorded on Friday amid speculation that the European Central Bank may maintain its benchmark interest rates unchanged on the policy meeting this week as the inflation advanced last month. The Euro was last seen at $1.3873 following a fall to $1.3812 seen on Friday session.
The Japanese Yen increased on Monday trading session rising against the U.S. Dollar after a government report showed on that manufacturing sector in the world's second largest economy dropped for the 4th successive month. The Japanese Yen was traded 0.2% higher at 101.98 per U.S. Dollar following a gain to 101.86, the most since April 17.
Government bonds across the Eurozone dropped on Monday as the easing geopolitical tension in Ukraine pushed demand for safe-haven assets higher after a report showed a slow-down in China's factory sector last month. German benchmark 10-year yields slipped to 1.45%, while the Portugal's 10-year notes fell to 3.62%, the least since 2006.
Global shares traded slightly lower on Monday session as demand for safe-haven assets increased after the geopolitical tension between Ukraine and the Russian Federation eased over the weekend and as China's reported lower-than-expected PMI from last month. The MSCI world-wide shares gauge tracking stocks from 45 countries traded 0.21% lower at a level of 413.86.
The majority of European shares declined on Monday trading session after a report showed that the purchasing managers' index in China eased more than forecast last month suggesting that the world's second largest economy may have lost its momentum. The benchmark index STOXX 50 slipped 1.36% to 3,134.55 points in London.
Wall Street stock futures decreased earlier on Monday session amid speculation that the world's second largest economy, China, may continue to lose its momentum after recent economic reports from the country. The Standard & Poor's 500 Index futures slipped 8 points, the Dow Jones industrial average futures fell 62 points and the Nasdaq 100 e-mini slid 16 points.
Portuguese government decided to end the EU bailout program, which took place since 2011 with a total volume of 78 billion euro. Moreover, the country will refrain from the special precautionary credit line for successful exit from the former. Last month, Portugal held the first post-bailout bond auction. It became the third country after Spain and Ireland to exit the
Manufacturing sector of China registered a continuation of slowdown in April of the current year, as the benchmark PMI Index from the HSBC bank for this sector of the economy dropped further to 48.1 points versus 48.4 points in March. Economists, on the other hand, expected a slight increase of the indicator. Therefore, investors' concerns about economic slowdown rose even
The total number of approvals for building houses in Australia declined 3.5% in March of this year, showing a fifth consecutive decrease, while analysts are aware that housing market may slower the economic recovery. In February, the indicator lost 5.4% and experts waited for a 1.3% rise in March. At the same time, on the annual basis building approvals jumped
Gold prices increase on Monday to the largest level in three week, as political and social instability in Ukraine boosts demand for safe assets. Gold for immediate delivery surged 0.7% to $1,309.29 per ounce on Monday, extending its monthly advance. At the same time, gold futures with delivery in June jumped 0.4% to $1,307.60 an ounce on the Comex commodities
European equities show a slight decline during a trading session on Monday, as investors are disappointed with Chinese manufacturing data, which registeted a decrease in activity for the fourth consecutive month. The benchmark regional Stoxx Europe 600 Index drops 0.2% to 337.27 points in the morning in London. Last week, the gauge added 1.3%, despite instability in Ukraine.
The European benchmark Brent crude jumped on Friday session paring its weekly fall as the geopolitical tension between the Russian Federation and Ukraine is escalating and as Libya is set to resume crude exports from Zueitina oil field. Brent for delivery in June climbed as much as 41 cents to $108.17 per barrel on the London's ICE Futures Europe exchange.
Factory sector activity in Sweden continued to increase in April, however the pace of growth slightly weakened from the month before, a data published by the Swedbank showed on Friday. According to the data, the nation's manufacturing purchasing managers' index eased from 56.5 points in March to 55.5 in the following month.
Manufacturing sector in Spain recorded a solid growth last month, according to the latest Markit Economics report released on Friday. The report showed that the country's manufacturing sector purchasing managers' index slipped slightly from March's level of 52.8 points to a level of 52.7 points in the following month.
Producer price in Australia grew in the first three months of this year exceeding initial economists' expectations, the latest report released by the Australian Bureau of Statistics showed on Friday. According to the report, the country's producer price index advanced by 0.9% in the Q1, while it was forecast to rise by 0.6%.
Manufacturing sector in South Korea increased in April, however the pace of growth weakened on a month as output contracted and new orders stayed low, the latest report unveiled by the Markit Economics showed on Friday. South Korean manufacturing purchasing managers' index slipped from 50.4 points in March to 50.2 in the following month.
Australia's new home sales increased on a sequential basis in March rising for the second straight month, a report published by the Housing Industry Association showed on Friday. According to the report, the nation's total number of home sales advanced 0.2% month-on-month in March after gaining by 4.6% in February.
Household spending in Japan surged on an annual basis in March, a report published by the Ministry of Internal Affairs and Communications unveiled on Friday. According to the report, the country's average household spending gained yearly by 7.2% in March compared to expectations of 2.0% gain, while the spending totaled 345,443 yen.
Monetary base in the Asia's second largest economy increased on an annual basis in April, the latest report released by the Bank of Japan showed on Friday. According to the report, the country's monetary base advanced 48.5% in April totaling 22.079 trillion yen following a 54.8% gain in the previous month.
Manufacturing sector in the Asia's third largest economy remained flat in the month of April, the latest data published by the Markit Economics showed on Friday. According to the data, India's manufacturing Purchasing Managers' Index posted 51.3 points in April as the growth stayed modest and output in the sector waned.
Manufacturing sector activity in the U.S. increase in April, according to a data released by the Institute for Supply Management, with the activity index reaching the strongest level this year exceeding economists' projections. The ISM purchasing managers index jumped from March's level of 53.7 points to a level of 54.9 points in April.
Construction spending in the world's largest economy advanced in March, however the pace of growth was lower than economists originally projected, a report released by the Commerce Department showed on Thursday. According to the report, the U.S. public construction spending gained 0.2% year-on-year in March totaling $942.5 billion.