The common currency rose slightly versus its U.S. counterpart, as services Purchasing Managers Index in the Euro block's largest economy advanced less than forecast in July. The Euro climbed 0.08% to $1.3292 versus the greenback and fell 0.06% to 0.8679 versus the Sterling, and retreated 0.46% to 130.74 against the Yen. German final services PMI remained steady at 51.3 last
The Sterling rose moderately versus the greenback and the Euro, ahead of data that analysts said will indicate U.K. services grew for the seventh month in a row. The Britain's currency was at $1.5298 and at 86.78 pence versus the common currency. U.K. bonds declined 3.1% this year, with the treasuries falling 2.6%.
The Australian Dollar dropped to the weakest level since August 2010 after disappointing retail sales data pushed the currency down, ahead of the Reserve Bank Of Australia lawmakers meet on Tuesday. The Aussie retreated 0.27% to $0.8877 versus the greenback and fell 0.28% to A$1.4951 versus the 17-nation currency.
Asian shares mostly declined on Monday, failing to prolong their two-day jump from the last week despite the positive improvement on Wall Street. Only China's stocks advanced after the nation posted service sector PMI. Japanese benchmark Nikkei 225 retreated 1.44% to 14,258.04 and the Topix fell 0.89% to 1,185.53, while the Chinese Shanghai Composite rose 0.80% and reached 2,045.71.
The Kiwi fell to the lowest level in approximately a month versus its U.S. peer after China banned dairy product import from Fonterra Cooperative Group. New Zealand's Dollar depreciated 0.6% to 77.90 U.S. cents at 4:40 p.m. Sydney time, after reaching 76.93, the weakest since July 8. The Kiwi slipped 0.5% to NZ$1.1421 per Aussie, while the Australian Dollar fell
The U.S. currency retreated for a second straight day versus the Japanese Yen as investors speculated when the Fed will start to taper its bond-buying programme. The U.S. Dollar slipped 0.5% to 98.42 Yen as of 7:28 a.m. London time after declining 0.6% on August 2. It traded at $1.3274 per Euro, while the Yen appreciated 0.5% to 130.68 per
U.S. stocks continued to drop from the record-highs reached on Thursday as disappointing U.S. manufacturing and non-farm payrolls data boosted bearish mood among investors. The Standard & Poor's 500 gauge lost 0.19% to 1,703.63 at 11:29 a.m. GMT, while Nasdaq Composite declined 0.08% to 3,672.90. The Dow Average was down 0.25% to 15,589.00
The Canada's Dollar declined versus the majority of its main trading peers on speculation that below-expectations U.S. jobs data will not change the Federal Reserve plans to scale back monetary stimulus. The currency fell 0.3% to C$1.0373 per greenback as of 10:54 a.m. Toronto time. Unemployment rate of the U.S. Dropped from 7.6% to 7.4% in July.
Hungarian Forint advanced after weaker-than-expected U.S. payroll data boosted speculation the Federal Reserve may not hurry with reduction of bond purchases. The Hungary's currency added 0.6% to 298.97 per Euro at 4:10 p.m. in Budapest, the first increase in nine consecutive days. Forint lost 1.4% in July due to government's plan to phase out mortgages in foreign currencies.
U.K. stocks had first drop in five days after U.S. data showed that employers added fewer-than-expected jobs in the last month. The FTSE 100 lost 0.5% to 6,650.17 p.m. London time. The index still has a 1.5% weekly gain which started after a report suggested that the U.S. economy expanded more than forecast and the Fed announced it will maintain a loose policy.
Consumer spending in the United States climbed in line with expectations in June as income level grew. Household spending, which accounts for more than two-thirds of the nations economy, increased 0.5% following a 0.2% gain a month before. According to a Bloomberg survey, economists expected a 0.5% advance. Personal income rose by 0.3%.
The U.S. Dollar depreciated against the common currency after the non-farm payroll data release which showed additional 162,000 jobs in the last month, while 185,000 jobs were expected by investors. Since labour market is a major point of consideration for Fed's monetary policy, the data signals that QE may continue for a while. The greenback lost 0.40% to $1.3258 versus
The greenback prolonged adds against the Japanese Yen and jumped versus the basket of currencies after U.S. bond yields increased amid forecast that optimistic jobs data will induce the Federal Reserve to scale back stimulus. The U.S. Dollar index advanced 0.1% to 82.43. The greenback rose 0.3% to about 100 versus Japanese Yen.
U.K gillts traded lower as the nation's economy indicates an accelerating pace of a recovery and demand for the safest assets diminishes. The yield on the 10-year bond gained seven basis points to 2.47% as of 12:03 p.m. in London. The British Pound strengthened 0.2% to $1.5150. Versus the common currency, the U.K. currency added 0.2% to 87.15 pence per
Asian equities advanced, with the regional stock gauge heading for the largest increase in three consecutive weeks, as global manufacturing data exceed forecasts and several central banks decided to maintain monetary stimulus policy. The MSCI Asia Pacific gauge added 1% to 134.9 at 7:42 p.m. in Tokyo. Japanese Topix index was up 2.8%.
Stock prices in the U.K. fluctuated before the U.S. employment data release. The FTSE 100 dropped 0.1% to 6,677.15 after rising 0.2% earlier today. The gauge is heading towards 1.9% weekly gain as the Fed decided not to taper its monetary stimulus yet. Economists expect the U.S. data to show that it added 185,000 jobs to the economy, compared to
GDP in Indonesia increased less than 6% last quarter for the first time in more than 3 years. The economy grew 5.81% previous quarter from a year earlier, while economists predicted growth of 5.9%. The economic activity rose 6.01% in Q1. The slowdown in the economy occurs when inflation is at the highest point in more than 4 years and
West Texas Intermediate crude set for a weekly gain ahead of monthly U.S. employment report that may indicate the economic improvement is on track. Brent surpassed $110 per barrel for the first time since April, ahead of paring adds. The September WTI contract increased to $108.82 per barrel and Brent for September delivery rose to $110.09 per barrel.
Yields on Treasuries, relative to the index of G-7 nations bond yields, rose to the highest point in three years before data, which is expected to show a decrease in U.S. unemployment rate. The difference rose to 37 basis points, the biggest margin since May 2010 as investors speculated that the Fed might taper its QE due to recovering economy.
Stock prices in Europe increased for a fifth consecutive day, the longest streak of gains since April, while bonds dropped. The Stoxx Europe 600 gauge rose 0.3% to 304.07, the highest point in 9 weeks. Standard & Poor's 500 Index future contracts jumped 0.1%, while 10-year Treasury notes' yield approached the highest point in two years.
Gold decreased to the lowest level in two weeks, after better-than-forecast U.S. economic report increased concerns the Federal Reserve may begin to scale back its bond purchases. Spot gold dropped 1.6% to $1,287.56 per ounce and U.S. gold retreated $24 to $1,287.10, adding to signs gold is heading towards the worst weekly decline in four weeks.
Growth in U.K. construction industry accelerated in July and was the fastest in 3 years. A gauge of activity in the sector rose from 51 in June to 57 in July, while experts predicted a rise to 51.5. Residential construction activity increased most since June 2010, while commercial construction activity rose the fastest since May 2012. The Pound rose 0.2%
U.K. government gilts jumped, sending 10-year note yields to the highest level in three weeks, on signals that U.K. economy is improving, damping demand for safer bonds. The U.K. 10-year note yield increased seven basis points to 2.47% and the price of the 1.75% security maturing in September 2022 declined 0.565 to 94.14.
The Pound inched up versus the U.S. Dollar as Britain's construction report was released, indicating the strongest construction production improvement since June 2010. The Sterling advanced 0.31% to $1.5165 versus the greenback and rose 0.213 to £0.8717 versus the common currency, and added 0.45% to 151.148 versus the Yen.