China's shares advanced on Monday session rising towards the strongest level in four weeks after subsidies for carmakers were extended by local government and amid expectations that economic growth may be supported by consumer spending during lunar New Year holidays. The Shanghai Composite Index grew 2% to 2,086.07, the most since January 2.
West Texas Intermediate oil were little changed on Monday trading session trading close to a level of $100 per barrel after a government report showed that unemployment in the U.S. fell bolstering demand for fuel in the country. WTI for settlement in March slipped 13 cents to $99.75 per barrel on the NYMEX as of 3:30 p.m. in Singapore.
European shares increased on Monday trading session with equities rebounding from their worst begging of a year in 4 years amid speculation that the U.S. Federal Reserve may delay its cut in bond-purchasing program after Friday's jobs report. The benchmark index Stoxx Europe 600 fell 0.2% to 325.79 as of 8:09 a.m. London time, posting its first weekly gain in
Industrial output in France advanced in December rising at a slower rate than in the month before and missing an initial economists' forecast, a report revealed by the statistical office Insee showed on Monday. France's industrial production grew 0.5% in December on an annual basis, while it was forecast to accelerate by 1% after rising by 1.7% in November.
Unemployment in Switzerland remained stable in the month of January with the total number of registered people without a job rising by 3,823, a report published by the country's statistical office showed on Monday. Swiss jobless rate remained unchanged at a level of 3.2% in January, while unemployment increased by 5,102 on an annual basis in January.
House prices in New Zealand advanced at the beginning of 2014, however the pace of increase was lower than in the month before as the country's central bank implemented loan-to-value restrictions last October, Quotable Value reported on Monday. New Zealand's residential values rose on an annual basis by 9.6% in January, up 0.3% from December.
Consumer confidence in Japan contracted in January falling for the second straight month, the latest report published by the Cabinet Office showed on Monday. According to the report, the Japanese sentiment among households measured as consumer confidence index dropped from December's level of 41.3 to 40.5 in January, while in November the figure was 42.5.
Current account balance in Japan came in a deficit in the last month of 2013 contracting for the third successive month, a report unveiled by the Ministry of Finance showed on Sunday. According to the report, the country's current account shortfall recorded 638.6 billion yen in December after it came in a deficit of 592.8 billion yen in November.
Industrial production in Finland declined on the last month of 2013 with a faster pace of drop than in November, a data revealed by the Statistics Finland showed on Monday. According to the report, the country's industrial output decreased on an annual basis 5.2% in December following a slip of 0.3% recorded in the prior month.
Emerging markets economic growth eased in January falling towards the lowest level in a four-month period, the latest data published by Markit Economics and the HSBC Bank showed on Monday. According to the report, the HSBC monthly index derived from the purchasing managers' indicator slipped from December's 51.6 to a level of 51.4 points recorded in January.
Economy watchers' indicator of current situation and outlook in Japan weakened in January dropping by more than economists originally projected, a report published by the Cabinet Office showed on Monday. Japan's current index measuring economic conditions dropped from December's level of 55.7 points to 54.7 points recorded in January.
Manufacturing sector in the Europe's largest economy eased in the last month of 2013 after recording a notable advanced in the previous month, a report published by the Federal Statistical Office showed on Monday. German manufacturing sector turnover fell on a monthly basis by 1.5% in December after rising by 2.4% in the prior month.
The U.S. Dollar inched higher on Monday rising towards the highest level since the end of January amid expectations that the U.S. Federal Reserve may trim its stimulus measures despite disappoint jobs data revealed on Friday. The U.S. Dollar Index measuring its performance against most-traded peers gained 0.1% to 80.735, up from its one-week trough of 80.599.
The British Sterling declined on Monday snapping its two-day gain against its U.S. counterpart before the Bank of England revealed its outlook for the nation's economy and the consumer price index in the quarterly report published this week. The Pound fell 0.1% to $1.6403 as of 8:01 a.m. in London following an advanced by 0.6% in the last two sessions.
The majority of Asian shares increased on Monday trading session after Wall Street remained stable despite disappointing U.S. jobs data on Friday and as the new Federal Reserve Governor Janet Yellen testifies on Tuesday and Thursday expected to keep the monetary policy loosen. The MSCI Asia-Pacific gauge outside Japan rose 0.3%, while the Shanghai benchmark index added 1.7%.
El cambio neto del empleo canadiense durante el mes de enero fue positivo ya que registró 29.400 nuevos puestos, superando así ampliamente a las lecturas vistas durante el mes de diciembre de 1.700 desempleados más. La lectura se considera ampliamente positiva ya que superó el consenso de 20.000 puestos más.
An unexpected drop in German industrial output in December warns about the Europe's biggest economy's vulnerability to weakness in the rest of the region. Today's report showed manufacturing output fell 0.5% in December compared to the previous month as well as investment-goods production declined 2.5%. Berlin Economy Ministry said today that production slid 0.6% from November, after it gained revised 2.4%.
Natural gas futures dropped in the third day since forecasts indicated weaker winter storms and warmer weather in the end of this month in New York. Natural gas futures for March delivery declined 3.3% to $4.767 per million British thermal units reaching to $.816 at 10.32 a.m. As alleged by Energy Information Administration data released yesterday, U.S. inventories slid 262 billion cubic feet in the
The 18-nation currency dropped for the first day out of last three versus the U.S. Dollar as Germany questioned the bailout plan for crisis-hit Eurozone nations. The Euro slid 0.2% to $1.3567 as of 9:55 a.m. in London, it has advanced 0.6% weekly. Eurozone's currency fell 0.1% to 138.56 Yen, reversing gains to 0.7% since January 31, while the Japanese
Precious metals mostly advanced on Friday before the Labor Department reported that employers in the U.S. added jobs on a faster rate in January than in the previous month keeping the jobless rate unchanged. Silver for February settlement slipped 0.7% to $19.8299 an ounce, palladium added 0.5% to $713.94 an ounce and platinum jumped 0.7% to $1,385.25 on ounce.
Gold futures were little changed on Friday trading session and were set to record a weekly advance before a government report showed that payrolls in the U.S. increased suggesting that the Federal Reserve may trim its bond purchases further as the economy improves. Bullion for delivery in February gained 0.2% to $1,260.58 an ounce as of 9:51 a.m. London time.
Natural gas traded in New York slipped on Friday trading session falling for the third straight day after weather forecast showed that temperatures in the U.S. later this month should increase weakening demand for the commodity. Natural gas for settlement in March fell 3.3% to $4.767 a million British thermal units on the NYMEX and was last seen at $4.816
Emerging-market stocks advanced on Friday trading session extending its series of gains this week mainly due to a notable growth of technology companies, however the local benchmark stock index has declined this year through February 4. The MSCI Emerging Markets Index surged 0.8% following an increase of 1.4% yesterday.
China's shares increased on Friday session rising on their first trading day after the region's weeklong holiday as unfavourable manufacturing and service sector data were overshadowed by a rally of technology and small-company stocks. The Shanghai Composite Index gained 0.6% to 2,044.50 after falling 0.9% earlier on the session.