Business activity in India's service sector recorded a decline in November contracting for the fifth successive month, the latest data unveiled by the Markit Economics and HSBC showed on Wednesday. According to the report, the service sector business activity index jumped from 47.1 in October to 47.2 in the following month staying below a level of 50.
Service industry activity in Ireland accelerated in the month of November, however, the pace of growth was slower than initially expected despite the largest increase in new orders, the Investec and Markit Economics showed in a report on Wednesday. Irish service sector purchasing managers' index fell from 60.1 in October to 57.1 in the following month.
Growth forecast of Russian Federation or this year was slashed by the Economy Ministry amid decline in consumer demand and weaker investments, a report released by local news agencies revealed on Tuesday. According to the report, Russia's gross domestic product was set to grow 1.4% in 2013, while it was initially forecast to expand 1.8%.
United Kingdom overall shop prices continued to decline in November recording the seventh successive month of deflation for the country mainly due to a 2.3% deflation of food prices and a 2.0% deflation of non-food prices, the British Retail consortium showed in a report on Wednesday. UK overall deflation recorded 0.3% in November following a 0.5% drop in the prior
The performance of Australian economy increased in the three months to September, however, the pace of growth of lower than economists initially expected, the latest data revealed by the Australian Bureau of Statistics showed on Wednesday. According to the data, the country's GDP rose 0.6% in the Q3 following the same increased in the Q2, while it was forecast to
Service sector in the world's second largest economy expanded at a steady rate in November suggesting that China's economy gathered its momentum as government started reforming, a report published by the HSBC and Markit Economics showed on Wednesday. The HSBC/Markit purchasing managers' index for service industry remained at 52.5 after recording 52.6 in the prior month.
The U.S. currency declined on Wednesday weakening against the Japanese Yen and other Asian currencies before a government report released U.S. labour market data later this week. The so-called Greenback fell to 102.24 Yen after reaching the highest level in six months at 103.38 yen yesterday, while the U.S. Dollar Index decreased 0.4% to 80.627.
Wall Street stocks closed lower on Tuesday with the benchmark indexes Dow Jones and S&P 500 falling for the third straight session from record highs reached in recent sessions amid concerns that shopping season during Thanksgiving holiday was weaker than expected. The Dow Jones industrial average lost 0.59% to 15,914.62 and the Standard & Poor's 500 Index slipped 0.32% to
The majority of Asian shares declined on Wednesday led by the Japanese benchmark index Nikkei 225 amid speculation that the Federal Reserve may trim its aggressive monetary bond purchases as the economy improves prompting investors to cash recent gains. The MSCI broadest Asia-Pacific Index outside Japan dropped 0.4% following a fall to a 2-week low.
Brazilian economy posted the first quarterly decline for the first time in more than two years, as the GDP shrank 0.5%, comparing with the previous quarter. Economists predicted the economy to decline not much than 0.3%. At the same time, the country's economy advanced 1.8% in Q2, up from the previous estimate. Analysts predict the economic growth in Brazil to
The benchmark interest rate in Australia was kept unchanged after the Reserve Bank meeting on Tuesday, matching economists' expectations. Therefore, the rate now is at its historic minimum level of 2.5%. Last time the RBA decreased the main rate in August, namely by 25 basis points. The RBA Governor said that the regulator is still uncertain about strength of the
The number of people unemployed in Spain declined in November of this year from a month earlier, as the indicator posted a first-ever November fall, pointing on the recovery of the fourth-biggest European economy. The total number of people without a job slumped by 2,475, reaching 4.8 million. From November 2012 this number decreased by 98,909, while the jobless rate
The activity in the construction sector of the United Kingdom surged in November of 2013, as the home building in the country climbed to its highest level since 2003. The benchmark PMI Index, which measures the activity level in this particular sector, advanced to 62.6 points from 59.4 points a month earlier, pointing on the strong recovery in the whole
U.K. shares declined for a third straight day, approaching its lowest level in more than a month and a half, as U.S. jobs data are awaited by the investors this week. The FTSE 100 fell 0.7% to 6,549.09 as of 1:33 p.m. London time and it retreated 1.2% in November; however, the equity-benchmark has jumped 11% yearly. The FTSE All-Share
According to the data from Statistical Bureau of Australia, the deficit of the current account in the country increased in the July-September quarter of this year to $12.7 billion, while economists predicted it to reach as much as 11.7 billion. At the same time, the data for the previous quarter was revised negatively from the deficit of $9.4 billion to
U.S. shares retreated, making it the third straight day of declines for Standard & Poor's 500 Index after its previous record, as the economic data are awaited for indications on when the Fed will scale back its stimulus. The S&P 500 slid 0.2% to 1,798.24 as of 9:30 a.m. New York time; however, the gauge has rallied 26% this year,
The producer price index in the Eurozone decreased in October of the current year more than economists forecasted, being that the indicator lost 0.5% on the annual basis. Experts predicted the PPI Index to slump 0.1%-0.2% after a 0.2% advance a month ago. It is said that the only countries of the Eurozone that have registered an increase or no
The British currency appreciated versus the greenback, reaching its highest level in two years, after U.K. construction activity rose at the fastest pace in approximately six years last month. The Sterling gained 0.5% to %1.6429 as of 12:05 p.m. in London after climbing to $1.6443 on Monday, the strongest level in more than two years. The Pound added 0.2% to
Canada's currency reached a three-year low against the U.S. Dollar on bets that Bank of Canada will cut its benchmark landing rate. The Canadian Dollar slid 0.1% to C$1.0652 per U.S. Dollar as of 7:45 a.m. Toronto time, after it fell to C$1.0664 per U.S. Dollar, the weakest in more than two years. The Loonie declined versus most of its
European shares fell for a third consecutive day as investors speculated on U.S. jobs data release this week that might clear the outlook on Fed's monetary policy tapering. The Stoxx Europe 600 Index retreated 0.9% to 321.15 as of 11:30 a.m. London time, making it the longest streak of declines since October 9, after it slipped 0.3% on Monday.
Emerging-market equities declined on Tuesday falling for the second successive day together with dropping currencies as South Korean carmakers sank and as the Federal Reserve monetary stimulus may be curbed by favourable economic data. The MSCI Emerging Market Index tumbled 0.5% to 1,008.04 by 4:08 p.m. Hong Kong time.
Non-manufacturing sector activity in the world's second-largest economy slowed down in November mainly due to decline in new order inflow, China Logistic and Purchasing Federation and the National Bureau of Statistics showed in a report on Tuesday. The non-manufacturing PMI measuring activity in services and construction dropped from a level of 56.3 in October to 56 in November.
Overall wages in the Asia's second-largest economy advanced in October recording their first increase since July, a preliminary report revealed by the Ministry of Health, Labor and Welfare showed on Tuesday. According to the report, Japan's total cash earnings rose 0.1% on an annual basis in October after falling 0.2% in the prior month.
The U.S. currency advanced on Tuesday rising to the highest level in six months against its Japanese counterpart as traders weighed a batch of the U.S. favourable economic data suggesting the Federal Reserve may ease its monetary easing. The Greenback strengthened 0.2% to 103.12 Yen as of 8:18 a.m. in London and it traded at $1.3554 per Euro.