Producer and import prices in Switzerland increased by less than preliminary estimated in February, when they moved up by 0.1% on an annual basis on the month, however, economists' expected a 0.3% growth, the Federal Statistics Office reported on Friday. Year-on year, the producer price index grew 0.4% and the import price index drop 0.7% in February.
West Texas Intermediate oil advanced for a second straight day on Friday heading for its second weekly gain, at the same time May Brent crude futures advanced 0.3%, but it has declined 1.4% this week and is poised to its weakest weekly performance in eleven months. April West Texas oil futures advanced 34 cents to $93.37 a barrel on NYMEX
Most U.S. blue chips rallied, as a report showed the number of jobless claims fell more-than-expected, bolstering optimism over the world's largest economy. First-time unemployment benefit claims slid to 332,000, down 10,000, in the week ended March 9. The Dow Jones Index rallied 0.6% to close at 14,539.14. The benchmark index is currently trading at its highest price-to-earnings ration in
Manufacturing activity in New Zealand advanced at the fastest rate since February 2012 with the seasonally adjusted Purchasing Managers' Index increasing from 55.2 points in January to a level of 56.3 the following month, a report released by the BNZ and Business NZ showed on Friday. The report also said New Zealand's production recorded its highest level since December 2004
German government yields were little changed on Friday before a report showed a slowdown of the annual inflation in the Eurozone falling below the European Central Bank's 2% target in the month of February. 10-year benchmark bund yields were about 0.06 percentage points from a 2-week high at 1.54%, when they were at 1.48% earlier on Friday session in London.
Asian stocks bounced back from a three-day losing streak on Friday session after a new U.S. data showed an unexpected drop of jobless claims suggesting that the recovery of the world's largest economy is steady and as Japan's parliament approved a new governor of the BoJ. The MSCI Asia Pacific Index advanced 0.7% to 136.22 on Friday heading for a
The U.S. Dollar's streak of gains came to an end on Friday session as technical indicators signalled that advances may have come too fast and the Japanese Yen appreciated after the country's parliament approved a nominee of PM Shinizo Abe for the central bank governor. The greenback was at 96.03 per Yen after hitting a 3-1/2-year high of 96.71 on
U.S. shares rose, with the S&P 500 Index advancing to trade within two points of its record high level, as data showed claims for unemployment benefits declined unexpectedly last week to touch their lowest in eight weeks. The Standard & Poor's Index jumped 0.6% to 1,563.23, the highest level in more that five years. All groups in the index edged
The Australian Dollar, also called the Aussie, dropped by 0.1% to $1.0371 against the U.S. Dollar in the end of Sydney trading session on Friday. That was close to yesterday's high, as the pair reached a $1.0401 level, the highest since 6th of February. Investors trade the Aussie positively before the minutes of the Reserve Bank' meeting on 19th of March.
U.S. Treasuries erased losses after an auction of 10-year note yields close to the highest level in an eleven-month period bolstering demand of $21 billion of the securities. The notes recorded a yield of 2.029 % compared to preliminary estimated 2.057%, while the benchmark 10-year notes yield was little changed at 2.02% following an increase to a 2.05% earlier on
The Reserve Bank of Australia holds its benchmark rate at the highest level among all major developed economies and thus it should consider a cut of the rate in order to weaken an "overvalued" currency, a grain marketer Emerald Group Australia Pty said on Wednesday. The RBA maintains its interest rate at a level of 3% and the Australian currency
Consumer prices in Bulgaria rose at the slowest pace since July of 2012 in the month of February partly due to a fall of clothing and footwear prices, the National Statistical Institute showed in a report on Wednesday. The report said the consumer price index fell from 4.4% in January to 3.6% the following month, the lowest figure since July
The currency of New Zealand depreciated against most of its major counterparts amid speculation a worsening drought bothering the country will have an impact on the economy and force the Reserve Bank to maintain its interest rate at a record low. New Zealand's dollar dropped 0.2% to 82.51 per U.S. Dollar and it fell 0.6% to 78.96 yen, at the
Slovakia's consumer prices slowed down for the fourth time in a row and the core inflation rate eased to 2.5% in February, data released by the Statistical Office showed on Wednesday. The report said the consumer price index increased by 2.2% on an annual basis in February following a 2.4% rise the month before, on a sequential basis it stayed
Industrial output in Romania accelerated on an annual basis in January driven by mining and quarrying production gaining 6% and by manufacturing output adding 6.6%, the National Institute of Statistics showed in a report on Wednesday. Year-on-year, industrial production advanced 5.7% in January, while on a monthly basis it rose 0.3% the same month.
Wheat futures for May settlement increased by 1.9% to 7.2325 per one bushel in morning session on the Chicago Board of Trade on Thursday. Price increases for a sixth day and this is the longest winning streak since July, 2012. Investors trade the commodity so positively, as the government announced a higher overseas demand for supplies from the U.S.
Bank Rossi, the Central bank of Russia, most probably will keep the key interest rates unchanged at 8.25% level in tomorrow's meeting, according economists' consensus. The central bank resists authority pressure to help President's plan to steer an economic growth of all state institutions. Surging inflation, which reached the fastest pace in one and a half year, is the key factor of keeping the rate in
The Colombian Peso advanced to 1,796.1 per the U.S. Dollar in early Bogota trading session on Thursday. That was the highest level of the currency in two weeks on an intraday basis. Investors speculate about a further Peso appreciation, as local companies receive a lot of revenue in the U.S. Dollar and change it to the local currency to pay
The South Korean Won declined to its lowest level in a five-month period as investors picked up their profits from local stocks and as the Bank of Korea maintained its key interest rates unchanged for the fifth month today at 2.75%, a Bloomberg data showed today. The Won dropped 1.1% to 1,109.11 per U.S. dollar touching the weakest level since
The Indonesian Rupiah decreased at the fastest pace in a two-week period on Thursday as the country's lawmakers are seeking to fill a post of the central bank's monetary operations deputy governor, which has been vacant for almost two years now. The Indonesian currency depreciated 0.2% to 9.708 per U.S Dollar on Thursday, its biggest drop in two weeks.
On Thursday, natural gas edged higher during US morning trading hours, following the release of the data which showed that inventories decreased more than expected. On the NYMEX, April delivery futures of the commodity were traded at $3.772 per million Btu, which was a 2.5% gain for the day.
German shares traded up on Thursday, as two-day summit of European leaders began in Brussels today. The DAX Index surged 0.8%, or 64.91 points, to 8,036.42, the highest value since January 2008. All but two groups in the gauge inched up. Deutsche Lufthansa AG was the best-performing company with a 3.6% rise, supporting advance in consumer services sector. Profit of
U.K. stocks traded close to a five-year high on Thursday, as rallying shares of financial and telecommunications groups led to gains in the benchmark index. The FTSE 100 advanced 0.4%, or 24.56 points, to 6,508.20. More than half of companies listed in the index posted gains in their share prices. Aggreko Plc, the world's largest temporary power generation company, jumped
On Thursday, US equity market indices were gaining, following a report that showed declined in weekly jobless claims, which added to the signs of recovery. The S&P 500 grew by 0.43%, reaching the level of 1,561.18. The Dow Jones Industrial Average also gained 0.43% and was traded at 14,516.97 by 1:56 p.m. London time.