Retail sales in the U.S. recorded a surprisingly modest increase in April mainly due to a 1.0% increase in motor vehicle and parts dealer's sales following a 0.6% drop in the previous month. A report released by the Commerce Department unveiled on Monday. The report showed that retail sales moved up by 0.1% in April after it fell 0.5% in
Business inventories in the U.S. stayed flat for the second straight month in March, while retail inventories decreased and wholesale inventories rose, the Commerce Department reported on Monday. The report showed that business inventories missed economists' forecast of a 0.3% gain, when it stayed unchanged, while retail inventories dropped 0.5% and wholesale inventories added 0.4% in March.
The Japanese Yen strengthened by 0.3% to 101.5 per U.S. Dollar in the morning of Tokyo trading session on Tuesday. The currency rallied from a four-month high, as technical indicators delivered signals that recent drop might be too rapid. The USD/JPY Relative Strength Index for a 14 days period slipped beneath a 30 level, which refers about an oversold situation
The South Korean Won was higher by 0.1% to 1,110.35 per U.S. dollar in the morning of Seoul trading session on Tuesday. The currency erased last three-day loss, as international funds bought domestic equity. Investors boosted their appetite for more risky assets, including emerging markets, as U.S. retail sales indicated an increase.
The Australian Dollar advanced by 0.3% to 99.89 U.S. cents by the midday trading session in Sydney on Tuesday. The currency finished a six-day depreciation period, as it reached 99.41 at the bottom point, which is the weakest level since 14th of June. Investors wait for the national budget announcement, which should signal about a potential growth.
The Canadian Dollar strengthened by 0.1% to 1.0106 per U.S. Dollar in the end of Toronto trading session on Monday. The currency gained against 15 of 16 most-traded counterparts, as U.S. retail sales data indicated an unexpected growth in April. Positive changes in the U.S. market bring buy signal of the Canadian Dollar, as the U.S. is the biggest trading partner
Economic performance of 17-nation bloc is set to decline in the first three months of 2013 recording the sixth successive quarterly fall bringing the region to the longest depression since the Euro was created. Gross domestic product of the euro area is expected to drop 0.1% in the Q1, which would exceed a recession in 2008-2009 lasting for 15 months.
Inflation in India measured by the consumer price index slowed down in the month of April mainly due to a slower growth in fuel and light prices, a report revealed by the Central Statistics Office showed on Monday. According to the report, the country's CPI advanced by 9.39% on an annual basis on April after it grew 10.39% in the
Retail sales adjusted for working days in Switzerland dropped in the month of March mainly due to a notable 3.3% fall in non-food sector sales and a 1% declined in retail trade turnover, the latest data released by the Federal Statistics Office revealed on Monday. Swiss retail sales fell 0.9% on an annual basis in March, while sales excluding fuel
China's retail sales and industrial production increased at a faster rate in April than the month before, a report release by the National Bureau of Statistics revealed on Monday. According to the report, industrial output rose 9.3% on an annual basis in April, up from 8.9% in March, while retail sales advanced by 12.8% year-on-year in April, more than 12.6%
Japanese money stock moved up by 3.3% on an annual basis in April totaling 844.5 trillion yen, while it was expected to climb by 3.1%, the latest figure released by the Bank of Japan unveiled on Monday. The report also showed that M3 money stock was 2.6% higher standing at 1,142.0 trillion yen exceeding an expectation of a 2.5% gain.
South Korea's currency decreased to the lowest level in two weeks on Monday amid concern that the Yen's fall will have a negative impact on the country's exports after the G-7 policy makers signaled acceptance of the weak Japanese currency. The Won dropped 0.5% to 1,111.78 per U.S. Dollar after it touched 1,116.68, the lowest since April 25.
Chinese currency depreciated on Monday falling for a second day as the People's Bank of China reduced its daily fixing by 0.09% to 6.2072 per U.S. Dollar, 1.06% lower than the spot rate's closing figure last week. The Yuan declined by 0.11% to 6.1487 per U.S. Dollar at 10:12 a.m. Shanghai time following a drop to 6.1307 on May 9.
The British Sterling was little changed on Monday before a report showed that the total number of people claiming unemployment benefits in the United Kingdom dropped for the sixth month in April. The Pound strengthened 0.4% rebounding from the lowest level in two weeks against the U.S. Dollar and stood at $1.5374 as of 7:37 a.m. in London.
Corn jumped on Monday amid speculation that continued wet weather in the Midwest, the biggest growing U.S. region, increasing chances that the country's production may miss preliminary estimated record level. Corn for delivery in July rose 0.6% to $6.3975 a bushel on the CBOT following a 1.9% drop recorded on May 10 as a report predicted harvest in 2013 will
Copper was traded close ещ its highest level in a month after it completed a third weekly gain as investors bet that demand in China, the largest consumer of the commodity can be sustained. Copper for delivery in August increased as much as 0.6% to $7,417 a metric ton on the London Metal Exchange as of 10:16 a.m. Shanghai time.
Rubber increased on Monday after it fell into a bear territory on April 1 amid weaker Yen, which dropped to the lowest level since October 2008 versus the U.S. Dollar and as Chinese imports were boosted for restocking. Rubber for delivery in four months climbed 1.8% to 299 yen a kilogram and it has gained 22% since the lowest level
West Texas Intermediate oil dropped for a third day extending its losing streak to the longest one in a four-week period as the Organization of Petroleum Exporting Countries spurred production to the strongest level since November. WTI for delivery in June declined 97 cents to $95.07 a barrel on the NYMEX following a gain to $95.28 as of 2:21 in
U.S., Australian and Japanese government bonds declined on Monday amid speculation that demand for relative safe government notes will be boosted by unprecedented efforts of central banks to add more stimulus measures in order to spur the economy. Treasuries 10-year rates rose 0.02 percentage points to 1.92%, Japan's 10-year yield climbs 0.11% to 0.8% and 10-year Australian yields jump 0.02%
German government bunds were little changed on Monday before an auction of Italian debt totaling 8 billion euros, or $10.4 billion, and before a report showed that investor confidence in Germany improved in May. Benchmark 10-year bund yielded at 1.38% as of 7:10 a.m. in London following an increase to 1.39% on May 10, the strongest since March 25.
Gold declined for the third straight session on Monday extending its losing streak to the biggest drop in a week since April as the metal entered a bear market after holdings continued to decrease and as U.S. Dollar appreciated. Bullion for delivery this month slipped 1.5% to $1,426.16 an ounce and was traded at $1,435.72 as of 2:24 p.m. Singapore
The Japanese Yen was traded lower by 0.3% at 101.96 per U.S. in the second half of Tokyo session on Monday. Today the currency touched a 102.15 level, which was the weakest since October 2008. Investors were willing to sell the Yen, as Group of Seven officials indicated that they will tolerate the weak Yen, as they are more focused on
The Shanghai Composite Index was lower by 0.2% to 2,242.07 points by the midday in Shanghai's trading session on Monday. Investors were concerned about a current macro situation, which do not show any improvement. The government announced about a study to curb home prices in a long term. Also, traders wait for data on industrial production and retail sales.
The Australian Dollar slipped by 0.3% to 99.95 per U.S. Dollar in the second part of Sydney trading session on Monday. The currency touched a 99.61 level on 10th of May and it was the weakest level since 14 of June. Today a private report indicated a decrease in business confidence amid concern that the Reserve Bank will cut the key interest