Oil futures continued to decrease in electronic trade on Tuesday before the key energy predictions posted later today. U.S. benchmark crude for July delivery fell to $95.65 a barrel, prolonging the 0.3% loss on Monday which moved the futures under the $96 mark. The July gasoline contracts increased 0.7% to $2.88 per gallon and heating oil for July settlement remained
The U.S. currency dropped on Tuesday, with the Japanese Yen advancing as the Bank of Japan did not offer any changes in its monetary policy. The greenback retreated from ¥98.69 to ¥97.94 quickly after the BOJ decision, adding to signs the Dollar is still up over 13% versus the Japanese Yen. The Australian currency also fell to 94.25 cents against
Gold almost reached a two-week low on investor speculations the Fed may reduce stimulus as Standard & Poor's revised U.S. economy's outlook to stable. The yellow metal for immediate delivery dropped 0.2% to $1,383.97 an ounce as of 9:31 a.m. Singapore time, the prices fell to $1,375.95 on Monday, reaching the lowest level since May 28.
The Sterling was little changed versus the greenback before a report that is expected to show that U.K. manufacturing production fell in April for the first time in nine weeks. The British Pound traded at $1.5584 as of 7:38 a.m. in London, it reached $1.5684 on June 6, the highest in four months, while it was trading at 85.18 pence
Treasury 10-year bonds dropped for the third day after borrowing costs rose globally amid bets the Federal Reserve and other central banks may cut their bond purchases. The benchmark 10-year yield advanced two basis points to 2.23 %. The 1.75% security maturing in May 2023 declined $1.88 per $1,000 par value to 95 3/4.
European shares slid as the Japan's central bank kept the policy unchanged and Germany's court started a hearing on the ECB's bond-buying plan. The Stoxx Europe 600 Index declined 0.5% to 293.77 as of 8:04 a.m. London time. The index has fallen 5.4% since May 22 on the worries that the Fed will scale back stimulus if U.S. economy grows.
The U.S. currency declined versus the Japanese Yen and Japan's shares soared as the Bank of Japan decided to maintain the policy unchanged, while Asian stocks reached the lowest level in 2013 on concerns over weak China's growth and extended uncertainty amid when the Fed will taper its stimulus.
The Loonie appreciated versus the most of the major peers after new-home construction rose the most in more than 12 months in May. The Canada's currency traded at C$1.0194 per U.S. Dollar as of 5 p.m. Toronto time. The Canada's Dollar is above its 50-day average of C$1.0205 per U.S. Dollar and below the 100-day average of C$1.0174.
The Rupee dropped to the record low due to widening current account deficit, which now stands at 6.7% of GDP. Depreciating currency removes pressure from the central bank to cut rates further next week. Weakening Rupee might increase inflation risk and foreign debt servicing costs as it slid 1.8% yesterday and another 1% today to 58.6675 per U.S. Dollar.
Asian shares fell today after the BoJ announced no changes in its policy stance, bucking experts' forecasts. The MSCI Asia Index slid 0.7% so far today after rising 1.1% yesterday. The Hang Seng China Enterprises Index shrank 1.5% today, leaning towards a loss for a tenth consecutive day – the longest losing period in 17 years, while Japanese Topix index
Aussie dropped to almost three-year low against the U.S. Dollar after the home-loan approvals rose at the slowest pace in 12 weeks, adding to the case that borrowing costs may be cut. Australia's currency depreciated 0.6% to 94.12 U.S. cents at 3:23 p.m. Sydney time, after reaching 93.82, the lowest in almost three years, while it fell 1.1% to 92.46
The Japanese Yen appreciated versus almost all of its most-traded peers after the Japan's central bank kept the policy unchanged. According to the analysts, the Bank of Japan was going to approve loan operations for two years or more at the meeting. The Japan's currency rose 0.6% to 97.17 per U.S. Dollar as of 1:41 p.m. Tokyo time from after
Commodities dropped and currencies from Australia to South Africa depreciated as China's data disappointed investors. U.S. stock futures rallied, Japanese Topix rose the most in over two years and the Japan's Yen slipped. Brent decreased 0.3% and West Texas Intermediate oil fell 0.4% to $95.65 a barrel.
Most shares in Europe climbed, recovering from the losses through a three week period, after Japanese economy grew more than expected in the first quarter. U.S. stock-index futures and Asian stocks rose. The Stoxx Europe 600 Index advanced 0.1%, stocks recovered 4.8% since May 22 on speculation the Fed will scale back its stimulus as the U.S. economy improves.
The Dow futures jumped over 200 points, reaching the highest level since January 2, and the S&P 500 recovered from a two-week loss on Friday as U.S. employment report calmed investors' concerns that the Federal Reserve may scale back its asset purchase programme soon. The S&P 500 and the Nasdaq reported their greatest daily percentage climbs since April 16.
The U.S. currency advanced versus the Japanese Yen and its major counterparts on Monday, adding to gains after Friday's positive U.S. employment data signaled that the Federal Reserve might start tapering stimulus soon. U.S. employment data rose hardly above expected 175,000 jobs in May, while the unemployment level inched up. The U.S. Dollar Index added 0.3% to 81.915.
The Swedish Krona depreciated to the lowest level versus the Euro in five months as the manufacturing activity suddenly shrank in April, creating pressure on the Sweden's central bank to cut rates. The Sweden's currency depreciated 0.44% to 8.7078 per Euro, almost five-month low, and was at 8.7001 at 10:35 a.m. Stockholm time, while the Krona slipped 0.6% versus the
Swiss shares gained, after the Swiss Market Index registered the biggest jump in a month and a half, as stocks of the health-care companies advanced. The benchmark SMI rose 0.3% to 7.808.18 as of 9:55 a.m. Zurich time; the index soared 2.1% on June 7, spurred by U.S. employment data that topped the expectations, while the Swiss Performance Index gained
The Japan's currency fell on Monday, before the Central Bank's decision due tomorrow, while weak China's economic report pushed the Aussie lower. The U.S. currency advanced to 98.25 against the Yen and the Australian Dollar declined to 94.12 U.S. cents, while the common currency dropped under $1.32, trading at $1.3194.
U.K. shares fell, after the FTSE 100 Index declined for a third week in a row, as the mining companies dropped after China's export growth fell to the lowest level in 10 months. The FTSE 100 slipped 0.2% to 6,400.44 as of 8:31 a.m. London time, while the broader FTSE All-Shares Index slid 0.1% and the Ireland's ISEQ Index added
Europe's shares were slightly changed after declining for three weeks in a row, as China's export did not rise as much as expected, reaching the lowest level in 10 months, while Japan's economic growth topped the expectations. The Stoxx Europe 600 Index fell 0.1% to 295.14 as of 8:50 a.m. London time, while Standard & Poor's 500 Index futures gained
Treasuries (BUSY) advanced after reaching the lowest level in six weeks, ahead of James Bullard's, the President of the Federal Reserve of St. Louis, speech today on speculation he will give signal the U.S. central bank needs to keep its asset purchase programme. The benchmark 10-year yield dropped to 2.16%. The 1.75% security due in May 2023 gained 94 cents
The British currency fell versus the greenback after advancing the most in approximately 36 months in the previous week, while U.K. gilts were little changed at the opening. The Sterling dropped 0.4% to $1.5501 as of 8:24 a.m. in London after jumping 2.4% last week, the most in three years, while it traded at 85.06 pence per Euro. The Pound
German 10-year Government bunds remained flat ahead of the data economists forecast will indicate the Euro block investor sentiment advanced for the second month in June. German 10-year bond yielded 1.55%, following a rise to 1.57% on June 3, the highest level since February 25. The cost of the 1.5% bond maturing in May 2023 was 99.56.