The Japanese Yen advanced versus its most-traded counterparts after U.S. Treasury Secretary Lew extended nation's debt limit, increasing demand for Japanese currency. The Yen appreciated 0.4% to 97.13 per Dollar at 6:44 a.m. London time and rose 0.3% to 131.81 per Euro. Japan's currency usually advances during times of economic problems as it is not reliant on overseas capital.
Today S&P rating agency confirmed sovereign credit rating of Greece at B- level, while the short-term rating was kept at B with stable outlook. As the country faces lots of budget-related problems, economists start talking about new bailout package that could possibly reach 2-4 billion euros. On the other hand, this amount is much smaller than 240 billion euros received
Economy of the United Kingdom is posing for a strong rise in the third quarter of 2013, while all major industries, including services, manufacturing and construction are showing an increase in activity, as PMI Indexes are around 60 points. Analysts predict the U.K. economy to add at least the same 0.7% (as in Q2) or more in Q3. However, the
Microsoft Corp. is planning to hold negotiations with HTC Corp. officials, as the American company wants to put more Windows Phone operating systems on HTC smart phones. Nowadays, the only large user of Windows operating system is Nokia Corp., while HTC released only one phone on that operating system. Microsoft Corp. equities' futures are trading lower 0.03% to $33.86 per
Natural gas futures trading in New York surged on Friday rising for the first time in a three-day period after it declined yesterday amid a report showing that inventoried in the U.S. rose more than economists initially expected. November natural gas futures advanced 0.5% to $3.516 per million British thermal units and were traded at $3.507 as of 2:57 p.m.
Construction sector in Germany grew for the fifth successive month in September, although the pace of growth was significantly slower than in the month before, the latest figure published by the Markit Economics showed on Friday. German's construction sector purchasing managers' index decreased from 55.1 recorded in August to 52.1 in September.
United Kingdom's passenger car sales accelerated for the nineteenth consecutive month in September with new car registrations grew 12.1% on an annual basis standing at 403,136 units, the Society of Motor Manufacturers and Traders reported on Friday. The report also showed that private car registrations added 12.9% year-on-year in September.
The performance of French economy is set to expand this year amid signs that business climate in all sectors is improving, a report published by the statistical office Insee revealed on Thursday. The report showed that the country's gross domestic product is forecast to grow 0.2% in 2013 after it remained flat in 2012, while year-on-year, the economic growth is
Producer prices in the Europe's largest economy decreased year-on-year in the month of August, while economists projected prices to stay unchanged from July, the Federal Statistical Office reported on Friday. According to the report, the producer price index dropped 0.5% on an annual basis in August, whereas on a sequential basis it slipped 0.1% in the same month.
Majority of currencies in Asia strengthened this week led by the Indian Rupee amid concerns that the Federal Reserve postpones its monetary stimulus cuts amid unfavourable situation in a debate for the new federal budget. India's Rupee rose 1.2% to 61.74 per U.S. Dollar at close, Taiwan's Dollar gained 1.2% to NT$29.316 at 10:37 a.m. Taipei time and the Philippine
West Texas Intermediate crude declined for the fourth session in five days reducing the first weekly increase in a month amid concerns that demand in the world's largest consumer of the commodity, U.S., will slow as the country's government stays closed for the third day. WTI for settlement in November fell 41 cents to $102.90 a barrel on the NYMEX
Emerging-market equities were little changed on Friday heading for a weekly increase as a fall in Chinese phone companies was overshadowed by gains in South Korean exporters led by Samsung Electronics Co. and Kia Motors Corp. MSCI Emerging Market Index fluctuated with about 219 stocks rising and 270 shares declining as the gauge was traded at 1,005.67 as of 1:40
U.S. Treasuries decreased on Friday falling for the first time in a 3-day period after Larry Fink from BlackRock Inc. and Pacific Investment Management's Bill Gross claimed that Barack Obama and U.S. policymakers will find a solution about the federal budget. The benchmark 10-year government bond yielded at 2.62%, down 0.02%, by 6:59 a.m. London time.
European shares swung between gains and losses on Friday as equities were set to record their second weekly decrease amid speculation that lawmakers in the U.S. may not be able to reach an agreement about new debt ceiling and the federal budget. Futures of the benchmark index Euro Stoxx 50 for settlement in October dropped 0.1% to 2,888 as of
Gold was traded above a level of $1,300 an ounce trimming its weekly fall as traders weighed on the partial shutdown of the U.S. government resulting in weaker economic indicators and as U.S. policymakers failed to agree on a new debt limit. Bullion for October settlement advanced 0.5% to $1,323.36 an ounce and was traded at $1,320.02 as of 2:12
Australian Dollar increased on Friday rising to the highest level since September 23 as investors expect no further cuts of borrowing costs this year, at the same time, the Japanese Yen advanced on BoJ decision to expand its monetary base by 60 trillion yen at least. Aussie was traded close 94.48 U.S. cents and Yen added 0.2% to 97.06 per
The Japanese central bank decided to maintain its aggressive stimulus measures on Friday's policymakers meeting amid signs that the country's economy is benefiting from a massive financial package aided by the Bank of Japan. Prime Minister Shinzo Abe and the BoJ's Governor agreed on sales-tax hikes from 5% to 8% since next April and a new stimulus package totalling 5
Asian shares slipped on Friday trading session with the gauge of Japan's stocks hitting the weakest level in four weeks amid concerns that lack of improvement about debt ceiling debate may cause in an unprecedented default of the U.S. economy. MSCI's broadest Asia-Pacific Index fell 0.1%, while South Korean's shares declined 0.1% despite a 0.5% gain of Samsung Electronics Co
The 17-nation bloc currency strengthened earlier on Friday after a data showed that the Eurozone's retail sales advanced by more than economists preliminary projected in September and as Barack Obama and the U.S. Congress representatives failed to find an agreement about a new budget. The shared currency was traded at $1.36255, near the highest level in 8 months at $1.36465.
Service sector activity in Russia accelerated at a slower rate in September than the month before despite a sharp advance in demand in restaurants and hotels sector, a report published by the Markit Economics revealed on Thursday. According to the report the service sector purchasing managers' index recorded 51.5 points in September, down from 51.8 in August.
Retail sales in the 17-nation bloc advanced by more than initially forecast in August mainly due to a rebound in non-food product turnover, the latest data released by the statistical office Eurostat showed on Thursday. Eurozone's retail sales advanced 0.7% on a monthly basis in August compared to a 0.2% growth originally forecast, moreover, the rate beat July's 0.5% gain.
Initial claim for unemployment benefits in the U.S. increased modestly in the week ended on September 28th, when the total number of people without a job recorded 308,000, a data published by the Labor Department unveiled on Thursday. According to the data, first-time claims rose by 1,00 from the previous figure of 307,000, while it was expected to inch up
Private sector in France accelerated at a faster pace than economists initially expected in the month of September after it declined 18 month in a row, a report released by the Markit Economics revealed on Thursday. Markit composite production index advanced from 48.8 recorded in August to the highest level in 20 months at 50.5 in September.
Service sector activity in the world's largest economy continued to expand in the month of September, although the rate of growth was lower than economists originally projected, the Institute for Supply Management reported on Thursday. The report showed that the ISM service sector index recorded 54.4 in September, down from 58.6 in August.