The Treasuries erased gains as investors speculated that two Fed speakers might provide insights about the central bank's policy stance on monetary stimulus before the labor market data to be announced on July 5, which is expected to show that the U.S. economy added 165,000 jobs. The yield on 10-year Treasuries increased to 2.48% from 2.45% earlier today.
The 10-year gilts advanced due to higher demand in a 3.5 billion-Pound auction. Investors demanded 1.76 times worth the securities offered, compared to 1.52 times the last time an auction was held. The yield on 10-year gilts dropped 3 basis points to 2.38%. The Sterling slid 0.3% to 1.5169 per U.S. Dollar and was little changed against the Euro as
The Stoxx Europe 600 Index dropped 0.5% to 286.75 so far today from the highest point since June 19. The gauge was dragged by Fresenius Medical Care, which slid 9.9%. S&P 500 futures rose 0.3% as investors awaited factory orders data, which is predicted to show a rise of 2% compared to an increase of 1% last month. The yield
The British currency appreciated for the first day out of last five versus the Eurozone's currency after U.K. construction data indicated that it has expanded in June. The Sterling gained 0.2% to 85.68 pence per Euro at 10:03 a.m. in London after depreciating 1.2% in the last four days. The Pound traded at $1.5201 after sliding to $1.5166 on June
Gold prolonged a recovery from the weakest level in 34 months, advancing for the third day, amid speculation that lower prices may increase demand. Spot bullion inched up 0.7% to $1,260.90 per ounce. Prices rose 1.5% yesterday, after dropping to $1,180.50 on June 28, the lowest level since August 2010.
Japanese shares advanced, with the Topix index prolonging the biggest four-day rise since April, as the Japanese Yen declined following better-than-predicted U.S. manufacturing data. Tokyo Electris Power Co. rallied by it daily limit. The Topix inched up 1.8% to 1,171.84 and the Nikkei 225 Stock Average gained 1.8% to 14,098.74.
Austrian government bonds remained flat ahead of the country auctions a combined 1.65 billion Euros of debt expiring in 2018 and 2034 today. Austria's 10-year notes yielded 2.14% and the price of the 1.75% bond maturing in 2023 was 96.405. Producer prices in the Euro block retreated 0.2% from April when they declined 0.6%.
European shares declined, after yesterday's jump for the benchmark Stoxx Europe 600 Index, as investors expect U.K. construction and U.S. factory order data. U.S. index futures and Asian stocks advanced. The Stoxx 600 dropped 0.3% to 287.41. U.S. factory orders are expected to gain 2% in May, adding to signs they rallied 1% in April.
Chinese shares gained for a third straight day as the drug makers advanced, while the banks declined. The Shanghai Composite Index rose 0.4% to 2,004.13 as of 2:55 p.m. Shanghai time. The equity-benchmark has fallen 18% from this year's highest point on February 6. The CSI 300 Index added 0.3% to 2,218.91, while the Hang Seng China Enterprises Index dropped
U.S. shares jumped, with the Standard & Poor's 500 Index recovering from the first monthly decline since October, after data indicated manufacturing grew from Japan to the U.S. boosted sentiment in the global economy. The S&P 500 gained 0.5% to 1,614.96 and the Dow Jones Industrial Average added 0.4% to 14,974.96.
Asian shares climbed, with the MSCI Asia Pacific Index advancing for a fifth straight day, after the U.S. manufacturing data topped the expectations. The MSCI Asia Pacific Index rose 0.9% to 132.04 at 3:11 p.m. Tokyo time; moreover, the equity-benchmark previous week had its first three-month decline in a year. Japan's Topix index and the benchmark Nikkei 225 Stock Average
The Japanese Yen retreated to the weakest level in over three weeks versus the U.S. Dollar after the central bank's Tankan survey indicated large manufacturer sentiment climbed the most in two years, curbing demand for safer assets. The Japan's currency dropped 0.5% to 99.66 against the greenback and fell 1% to 130.19 versus the Euro and reached 130.25, the weakest
The Aussie extended its biggest advance in approximately two weeks against the U.S Dollar as global shares gained before the RBA meeting today. The Australia's currency traded at 92.40 U.S. cents at 10:10 a.m. Sydney time, it rose 1.1% on Monday, the biggest climb since June 13, while the Kiwi was at 78.20 U.S. cents, after gaining 1.1% day earlier.
The U.S. Dollar advanced to the strongest level in about a month versus the Japanese Yen as growing U.S. economy boosted speculation the Federal Reserve will begin to taper bond purchases. The U.S. currency reached 99.87 against the Yen, the strongest since June 5. The greenback remained unchanged at $1.3064 versus the Euro.
The Sterling was little changed versus the greenback and 17-nation currency ahead of data that are expected to show growth in U.K. construction sector for a second straight month. The British currency was at $1.5210 at 7:17 a.m. in London, it touched $1.5166 on June 28 and that was the weakest level since May 31, while the Pound traded at
U.S. equities advanced, as the Standard & Poor's 500 Index showed its first monthly decline since October, ahead of the data that may indicate manufacturing recovered previous month from its biggest fall since 2009. The S&P 500 jumped 0.7% to 1,617.92 and the Dow Jones Industrial Average gained 0.6% to 15,001.39.
Unemployment rate in the Euro block rallied and reached a record high level, indicating that the recession in business activity prolongs to reflect on the labor market in spite of growth signs in the economy. The unemployment rate climbed to 12.1% in May, there were approximately 19.22 million jobless people in the Eurozone in May.
Eurozone manufacturing output declined less than previously expected in June, fueling the speculations that Euro-area is starting to recover from recession. Manufacturing gauge in the Euro bloc rose to 48.8 previous month from 48.3 in May and that is above the expected 48.7 on June 20. Today's PMI report followed a promising sentiment report for June.
Spanish 10-year government notes inched up for the fifth day as Spain's index of manufacturing advanced in June, topping economists' estimates. Spanish 10-year bond yield declined 10 basis points to 4.66% and the 4.4% note maturing in October 2023 jumped 0.825 to 97.9. Manufacturing index in Spain rallied from 48.1 in May to 50.
Japan's stocks increased, with the Topix index prolonging the largest three-day rise in about three months, after the Japanese Yen declined and a survey indicated positive manufacturer confidence for the first time in seven quarters. The Topix jumped 1.5% to 1,150.70 and the Nikkei 225 Stock Average added 1.3% to 13,852.50.
U.S. share futures gained, after the Standard & Poor's 500 Index posted first one-month decline since October, ahead of U.S. manufacturing data that are expected to show that it bounced off previous month. S&P 500 futures expiring in September advanced 0.6% to 1,609.3 as of 6:13 a.m. New York time; however, the gauge dropped 1.5% in June, reversing its rise
The Japanese Yen depreciated as data indicated Japan's manufacturers sentiment climbed for the first time since September 2011. European shares and U.S. equity-index futures, and metals pushed commodities higher. The Yen declined 0.4% to 99.57 against the U.S. Dollar. The Standard & Poor's 500 Index futures rallied 0.5%.
The common currency remained higher versus the U.S. Dollar and the Japanese Yen following data that indicated inflation in the Euro block increased while unemployment rate climbed. The 17-nation currency jumped 0.3% to $1.3042 and inched up 0.7% to 129.88 against the Yen. The yearly inflation rate in the Eurozone rallied to 1.6% previous month from 1.4% in May.
U.K. government gilts decreased for the second day as industry data indicated U.K. house prices advanced in June, curbing demand for safer assets. The 10-year bond yield climbed three basis points to 2.47% and the 1.75% note maturing in September 2022 declined 0.205 to 94.125. Home prices in England and Wales climbed 0.4% in June.