Brent crude declined below a level of $100 a barrel for the first time in nine months amid weaker demand curbed by the signs of slower global economic growth, while West Texas Intermediate dropped to a 4-month low on speculation about rising U.S. supplies. June Brent futures slipped $2.63 to $99.55 on London's ICE and WTI for delivery in May
Sales of new motor vehicles in Australia decreased in March with the total number of sold motor vehicles recording 95,113, falling on a monthly basis by 0.6% after being flat in February, a report released by the Australian Bureau of Statistics unveiled on Tuesday. Sales of passenger vehicles rose 3.3%, while other vehicle and sports utility vehicle sales dropped 9.1%
Manufacturing activity in New York area slightly increased in April, however, the index measuring the activity declined by more than preliminary estimated, according to data revealed by the Federal Reserve Bank of New York on Monday. The New York Fed showed its general business condition index dropped from 9.2 in March to 3.1 in April compared to expectations of fall
Farm commodities finished in the negative area on Monday on weak demand for riskier assets after dismal numbers from the U.S. and China. However, the declines were restricted as unfavorable weather in the U.S., Russia, Canada and Brazil created a supply risk premium for the commodity sector. Wheat dropped despite extended winter weather in the U.S., Canada and Russia. The grain
Energy futures were bearish on Monday as weak Chinese and U.S. figures raised concerns over global energy demand prospects. Moreover, a record high U.S. crude oil inventories and caution ahead of G20 meeting due to start on Thursday weighed on energy prices. Crude oil declined as China's data exacerbated concerns over global demand raised by recent global consumption estimate's cuts by
Gold futures for June settlement lost 9.3% to $1,361.10 on the Comex by midday trading session in New York on Monday. That was the biggest loss since 17th of March, 1980. Market analysts say that such sharp drop was caused by weak data from China, what sparkled a selloff of the commodity amid concern that more money will be required
Industrial metals except for aluminum dropped on Monday on worries over global demand perspectives as China's economy slows. China's GDP grew by 7.7% year-on-year in the first quarter, defying expectations of a 8.0% expansion. Base metals also continued to face pressure from persistent global surplus. Aluminum climbed on a decline in the LME inventories last week. LME stockpiles dropped 18,050 tonnes,
Homebuilders' confidence in the world's largest economy surprisingly dropped in April as costs for building materials increased and amid concerns about supply for skilled workers and developed lots, a data released by the National Association of Home Builders unveiled on Monday. The data showed the NAHB/Wells Fargo Hosing Market Index declined for the third month in a row from 44
Precious metals plunged for the second consecutive session on Monday after weak China's data sparked a massive selloff of precious metals as market players were worried that more cash will be needed to cover their positions. Gold tumbled the most in 33 years on concerns over unexpected slowdown in China's economic growth. Meanwhile, holdings in SPDR Gold Trust reached a
The Chile's Peso decreased by 0.3% to 471.90 per U.S. Dollar in the morning of Santiago trading hours on Monday. The currency showed the largest drop this year, as lower-than-expected gross domestic product data from China pushed the price of copper lower and dimmed Chile's export prospects.
Arabica futures for July settlement were lower by 0.7% at $1.362 per pound in the morning on ICE of New York trading session on Monday. Coffee is declining for a second straight session, as investors speculate that growers will increase sales to utilize current inventories before this year's crops get to warehouse.
The Canadian Dollar, also known as the loonie, dropped by 0.7% to 1.0206 per U.S Dollar in the morning of Toronto trading session on Monday. The loonie depreciated to the lowest level since 5th of April, as gross domestic product data from China were worse than expected and theoretically will gradually diminish demand for Canadian commodity exports.
The Australian Dollar, also known as the Aussie, lost 0.9% to $1.0418 in the morning of New York trading session on Monday, following a 1.1% drop in a previous session, which was the biggest fall since 20th of February. The Aussie tumbled on weak China's GDP data, which were lower than a forecast and previous quarter figure. Since the Australian
European shares traded in red on Monday amid weaker economic growth in China. The National Bureau of Statistics in China announced a 7.7% GDP advance, less than 8% expected. The DAX Index slid 0.9% to 7,674.14 points. Only two in 30 companies included in the gauge posted gains. E.ON SE surged 0.5% to 14.57 euros as the mining company successfully
U.K. equities plunged on Monday as economic growth in China slid to 7.7% in the first quarter of 2013. In addition, investors are waiting for manufacturing data in New York region. The FTSE 100 Index fell 1.2% to 6,310.74 points, posting the first decline in four consecutive trading days. Among gainers, National Grid PLC, an electricity and gas utility company,
German government bunds decreased on Monday as a demand for safer assets was reduced after a meeting of the European finance ministers in Dublin on April 12 resulting in handing oversight powers to the European Central Bank. The benchmark 10-year bund rate was at 1.27%, while 30-year yields gained 0.02 percentage points to 2.21% as of 9:39 a.m. in London.
U.S. Treasuries declined for the first time in a three-day period after a demand for higher-yielding assets was boosted by an agreement of international policy makers was reached to keep financial rescue package for Greece on track. The benchmark 10-year yields added 0.01 percentage point to 1.73% and the 30-year rate also jumped one basis point to 2.93% earlier in
Emerging-market equities edged down on Monday led by Chinese stocks falling to the weakest level so far this year as an economic data showed a slower-than-expected growth of China's economy and as industrial output slowed down in the Q1. The MSCI Emerging Markets Index decreased 0.8% to 1,011.96 at 4:27 p.m. Hang Kong time heading for the lowest closing price
Asian shares decrease on Monday with the local benchmark index falling from the strongest level in a 20-month period after China's data showed that economic performance and industrial output expanded below estimates. The MSCI Asia Pacific Index dropped 0.8% to 137.04 at 5:10 p.n. in Tokyo following a 3.5% climb recorded last week.
Chinese currency recorded a 19-year high as the People's Bank of China set its fixing against the U.S. Dollar to a historical high after the government report showed that the nation's gross domestic product rose below expectations. The daily reference rate was increased by 0.08% to 6.2454 per U.S. Dollar and the Yuan advanced 0.06% to 6.1887 per U.S. Dollar
The British currency advanced against the Euro on Monday after an industry report unveiled that the average price asked for homes in the U.K. increased for the fourth time in a row in April, but it fell against the U.S. Dollar for the second straight day. The Sterling appreciated 0.2% to 85.31 pence per euro earlier on Monday London session
West Texas Intermediate oil decreased to more than three-month low falling below $90 a barrel after a data showed that the gross domestic product in the world's second-biggest oil consumer China slowed unexpectedly in the Q1. WTI for delivery in May fell $2.83 on the NYMEX and was traded at $89.11 a barrel as of 2:48 p.m. in Singapore.
Spanish government bonds were little changed on Monday after they fell to the lowest level since November 2010 on April 11, before this week's auction of three, five and ten-year bonds which is expected to be absorbed by the country's banks. The Spain's 10-year yield was at 4.71% as of 7:57 a.m. in London following a last week's decline to
European shares fell on Monday after recording the biggest weekly rise in a month as China's economic performance eased in the Q1 missing expectations and before report tracking the U.S. manufacturing activity was released on Monday. The benchmark Stoxx Europe 600 Index fell 0.5% to 291.07 earlier on Monday London session after it gained 1.8% last week.