Construction in the United Kingdom significantly improved in the three months ended in September mainly due to an increase of house building, the latest date revealed by the Royal Institute of Chartered Surveyors showed on Tuesday. Private sector home building in the U.K. advanced from 31% recorded in the Q2 to a level of 41% in the following quarter.
South Korean currency fluctuated on Tuesday traded near its highest level in nine months before a government report showed that the U.S. payrolls increased more than expected in September signaling less stimulus spurring emerging-market inflows. Won traded at 1,062.68 per U.S. Dollar as of 10:12 a.m. Seoul time after rising to 1,062.31 yesterday.
The Canadian currency reversed on Tuesday snapping a three-day winning streak on concerns the Bank of Canada lowers its economic forecast after the U.S. government partially closed last week having an impact in the nation's largest trading partner. The so-called Loonie slid 0.2% to C$1.0304 per U.S. Dollar as of 5 p.m. Toronto time.
Gold continued to decline on Tuesday falling for a third day before a report in the U.S. showed that the country's payrolls expanded by more than economists had expected signaling that the Federal Reserve may scale back its stimulus measures. Bullion for delivery in October slipped 0.1% to $1,314.70 an ounce as of 8:36 a.m. Singapore time following a 3.5%
Emerging-market equities gained for the fifth straight session as Brazil's benchmark index Ibovespa rallied to a five-month high amid increase of Petrobras and as China may boost financial aid to small business in order to maintain long-term 7% growth. The MSCI Emerging Markets Index rose 0.1% to 1,042.66, while the Ibovespa added 5.3% to the most since May.
China's leading index measuring the overall economic activity continued to expand in September as real estate activity credit growth increased, a report unveiled by the Conference Board showed on Monday. According to the report the country's leading index rose 0.9% to 271.8 in September after it advanced by 0.8% and 1.4% in August and July respectively.
Soybeans declined on Tuesday falling from the strongest level in nearly two weeks as U.S. farmers accelerated harvesting and as crop outlook in Brazil, the world's biggest producer, was raised amid rains in the country. January soybeans futures slipped 0.5% to $12.9425 a bushel in the CBOT and were traded at $12.9775 as of 11:07 a.m. Singapore time.
West Texas Intermediate crude dropped on Tuesday and traded below a level of $100 a barrel for the second straight session as a report showed that stockpiles in the world's largest consumer, U.S., advanced to the highest level in 15 weeks. November WTI futures expiring today slipped 37 cents to $98.85 a barrel on the NYMEX, while December contract slid
China's shares declined on Tuesday as developers companies fell to the lowest level in six weeks, smaller companies lost on speculation that valuations are excessive and as a report showed that home prices rose more than expected signaling a possible tightening of property curbs. The Shanghai Composite Index dropped 0.7% to 2,214.51 as of 11:30 a.m.
The Australian currency fluctuated on Tuesday and traded close to the strongest level in a four-month period after the country's largest exporter export, BHP Billiton Ltd., increased its forecast of iron ore production. The so-called Aussie traded at 96.46 U.S. cents as of 3:30 p.m. Sydney time following an increase to the highest figure since July 4 at 96.79 yesterday.
The U.S. Dollar inched higher on Tuesday and traded above the lowest level in eight months before a report showed that payrolls in the U.S. increased more than economists originally expected suggesting a continued stimulus by Fed. The U.S. Dollar index tracking its performance versus its major counterparts rose 0.1% to 79.779, more than Friday's level of 79.478, the least
Asian stocks retreated on Tuesday easing from the highest level in five months as technical indicators signaled that the charts stayed in "overbought" territory and as investors awaited U.S. jobs data expected to show an increase in payrolls. The MSCI Asia-Pacific index outside Japan dropped 0.3%, while Tokyo's Nikkei stock average slipped 0.2%.
Home prices in Chinese 70 major cities advanced for a ninth successive month in September from a year before, the latest data revealed by the National Bureau of Statistics showed on Tuesday. According to the data, China's home prices increased 9.1% in September year-on-year, while on a monthly basis the prices added 0.7% after rising by 0.8% in August.
Bullion for December delivery added 0.1% to $1,315.50 an ounce as of 7:52 in New York, after touching $1,328.90 on October 18, the highest level since October 8, as the Fed is expected to delay tapering its quantitative easing programme until March 2014, while immediate delivery price for gold in London slightly changed to $1,316.69.
German 10-year bund added one basis point to 1.84% as of 12:28 pm in London after slipping to 1.82% on October 18, the weakest since October 9, amid optimism upcoming Eurozone manufacturing, confidence and services data will reveal signs of improvements. The price for 2% security note due in August 2023 was at 101.415.
Property prices in London surged as much as 10% in October of this year, as the demand for houses from foreign investors rises, while the supply stagnates. Investors evaluate London property as the safe asset to invest in. The average value of a house added 10.2%, or 50,484 pounds to 544,232 pounds. At the same time, house prices in whole
Polish government plans to borrow more money in 2014 in order to cover its 2014 budget deficit. Country's Finance Minister said on Monday that U.S. Federal Reserve's tapering delay can push bond yields lower for some period of time, allowing Poland to borrow cheaper. After the October 18 auction, where Polish government sold 700 euros of bonds, yields declined to
Apple Inc., one of the largest consumer electronics producers in the world, is planning to announce its new iPad tablets on Monday. Experts are waiting from the company to release a new iPad Mini 2 and iPad 5. At the same time, Apple faces a strong competition from Asian tablet producers. Today, Apple Inc. equities are adding 0.65% to $512.18
According to the research of German Bundesbank, the property prices in the country are strongly overvalued, probably by 20%, as the demand for new houses surges on a faster pace than construction. It is said that apartments in Berlin, Frankfurt, Stuttgart, Hamburg and Munich became 25% more expensive since 2010, while one of the reasons of such an increase could
Royal Philips NV increased its net profit for the third quarter of this year amid higher than predicted demand for lighting bulbs. Moreover, the Dutch company has cut 6,700 jobs, reducing costs by 1.1 billion euros. Earnings jumped 33%, reaching 634 million euros, beating the analysts' estimates. Royal Philips NV shares are trading 6.45% up to 26.00 euro per share
Shanghai Metersbonwe Fashion & Accessories Co. climbed 10%, while the Shanghai Composite Index added 1.6% to 2,229.24, the highest advance since October, after Chinese government called for implementation of policies that will increase financial aid for small businesses, reduce overcapacity and boost domestic consumption. The CSI 300 Index gained 1.9% to 2,471.32 and Hang Seng China Enterprises Index sank
United Kingdom's house prices increased in October after recording two successive months of drops as prices in London reached an all-time high, a survey released by the Rightmove unveiled on Monday. The survey showed that average property prices gained 2.8% on a monthly basis standing at GBP 252,418 in October after they decreased 1.5% and 1.8% in September and August
Industrial orders in Italy declined for the tenth successive month in August, and at a notably faster rate than in the month before, the latest data revealed by the statistical office Istat showed on Monday. Italy's industry new orders dropped 6.8% on an annual basis on August following a 2.2% fall recorded in the previous month, while on a monthly
Producer prices in Germany dropped for the second successive month in September, when the decline exceeded original forecast, a report published by the statistical office Destatis showed on Monday. According to the report the country's producer prices fell 0.5% year-on-year in September and August, while the prices were projected to record a 0.7% slide.