China's stocks slumped after a 3-day holiday when worse than expected exports and industrial production data was released. The Shanghai Composite Index slid 3% to the lowest point since December 13, 2012. The index has already lost 12% of its value since it reached its high in February 3. The CSI 300 Index dropped 3.4%, while Hang Seng China Enterprise
U.S. crude-oil future prices fell on Wednesday, after a surprising weekly climb in oil supply underlined concerns about high inventory levels. The July crude oil contracts declined to $94.77 a barrel. Investors already had concerns about large crude supplies, adding to signs the total U.S. oil supplies were at 397.6 million barrels last week, the highest level since the beginning of
Euro block industrial output gained 0.4% in April, mainly on higher capital goods production and non-durable consumer goods. Industrial production was predicted to remain steady following a gain of 0.9% in March. Capital goods output rose 2.7% and non-durable consumer goods climbed 0.7%. Annual industrial output declined 0.6%, however less than 1.4% fall in March.
Gold futures declined on Wednesday amid pressure over concerns that central banks will not provide more bond-buying stimulus into the worldwide financial system. The August gold contracts fell $1.50 to $1,375.50 an ounce. Gold futures have retreated about 18% this year after investors have been waiting for signals from Fed on scaling back stimulus.
Treasuries remained steady, after yesterday's largest jump in a week, ahead of the U.S. auctions $21 billion worth of 10-year securities today and $13 billion worth of 30-year notes tomorrow. Benchmark 10-year bonds yielded 2.2% and the price of 1.75% note due in May 2023 was at 96 1/32. Thirty-year bond yields advanced one basis point to 3.33%
The Sterling advanced for the second day against the 17-nation currency, touching the highest level in over three weeks, as data indicated U.K. jobless claims declined more than economists predicted in May. The Pound appreciated versus most of its 16 major counterparts after unemployment fell more-than-expected in April. The U.K. currency climbed 0.1% to 1.5661 against the U.S. Dollar. And
Asian shares retreated on worries that central banks from Japan to U.S. may scale back the stimulus programme. The MSCI Asia Pacific Index fell 0.4% to 131.02 at 1:33 p.m. Tokyo time, meanwhile, the markets in China, Hong Kong, Taiwan and the Philippines were closed for holidays. The MSCI gauge reached the highest level this year on May 20 but
The Loonie appreciated to its highest level in almost 36 months against its Australian peer as investors weighed that the North America will lead in economic growth. The Canadian Dollar added 0.4% to 96.06 Canadian cents per Aussie at 5 p.m. Toronto time, while it also strengthened 0.4% against the kiwi. The Canada's currency gained 0.1% to C$1.0189 per U.S.
German government bunds remained steady after the report showed that consumer prices in the Euro block's biggest economy rose in May as reaching the lowest level since August 2010 in the previous month. German 10-year note yielded 1.59%, after reaching 1.66%, the highest level since February 20. The price of the 1.5% bond maturing in May 2023 was 99.145.
The Japanese Yen fell versus its 16 most-traded peers as there were speculations that yesterday's advance against the U.S. Dollar was too big. The Japan's currency depreciated 0.8% to 96.84 per Dollar at 8:55 a.m. London time, after jumping 2.8% on Tuesday, while it slipped 0.9% to 128.93 per Euro. The Yen slid for the third day out of last
U.K. government gilts remained flat after decreasing for four days in a row, ahead of data economists predicted will indicated jobless claims in the U.K. slipped for the seventh month in May. Benchmark 10-year bond yields were at four-month high ahead of the U.K. auctions 2.25 billion pounds worth of notes maturing in 2023.
European shares remained steady after investors await the outlook for prolonging the central bank stimulus programme. Asian stocks fell, while U.S. futures advanced. The benchmark Stoxx Europe 600 Index declined about 0.1% to 291.67. Inditex AS retreated 1.9% as the world's largest clothing retailer posted profit that missed analysts estimates.
Japan's Topix index reversed losses at the close after sliding earlier as the Japanese currency gained overnight. The Topix declined 0.4% to 1,096.54 at the end of the session in Tokyo; the index earlier slipped 2.6% as the Yen appreciated by the most in 36 months. The Nikkei 225 Stock Average fell 0.2% to 13,289.32, making it the best performer
The U.S. currency fell versus the Japanese Yen on Wednesday as dropping the most in three years on the previous session when investors withdraw risky Yen bets after the BOJ held back from changing the policy to damp bond market volatility. The greenback advanced 0.8% to 96.77 versus the Japanese currency and the 17-nation currency also rose 0.7% to 128.76
U.S. shares declined, sending the S&P's 500 Index for second straight retreat, after Japan's central bank's Haruhiko Kuroda left stimulus unchanged. The Standard & Poor's 500 slipped 1% to 1,626.13 as of 4 p.m. New York time, while the Dow Jones Industrial Average slid 116.57 points, or 0.8%, to 15,122.02. Approximately 6.4 billion stocks were traded.
The Sterling was little changed versus the greenback and the Eurozone's currency before a report that is expected to show that unemployment rate has fallen for seventh straight month in May. The British currency was at $1.5667 at 7:49 a.m. in London after reaching $1.5684 on June 6, while the Pound traded at 84.96 pence per Euro.
The Aussie stopped a three-day decline and recovered from near a three-year low on sign that it has been oversold. The Australia's currency added 0.2% to 94.50 U.S. cents at 2:33 p.m. Sydney time from Tuesday, when it reached 93.26, near the three-year low, while the New Zealand's currency gained 0.1% to 78.80 U.S cents.
The Europe's shared currency traded less than 0.1% from almost a four month high on the speculations the ECB may cut the interest rates. The 17-nation currency was at $1.3308 at 1:28 p.m. in Tokyo after reaching $1.3318 on Tuesday, while the Eurozone's currency added 0.3% touching 128.28 Yen, after declining 2.4% day earlier.
U.K. industrial output advanced more-than-expected in April amid rallied output at oil and water businesses. Manufacturing declined following a rise in February and March. Production at factories, utilities and mines climbed 0.1% from March. The U.K. economy is expected to grow and recover and the industrial output report signals the sector will show improvement signs in the second quarter.
European shares dropped to the lowest level in seven weeks after the Bank of Japan decided to keep the stimulus unchanged and Treasury yields advanced. U.S. index futures and Asian stocks also fell. The Stoxx Europe 600 Index declined 1.6% to 290.5 and the S&P 500 Index futures retreated 0.8%. The yield on the benchmark 10-year Treasury notes rose to
Euro area government bonds declined across the board after investors were concerned that the Fed will scale back its stimulus, that has kept financial markets on float, in coming months. The German bond futures plummeted to 142.43, prolonging Monday's losses and reaching the lowest level since March. Germany's 10-year bond yields were at 1.58%
German shares retreated, ending two-day streak of gains, as Germany's court started hearings on the ECB's bond-buying plan. The DAX Index slipped 0.7% to 8.247.18 as of 9:43 a.m. Frankfurt time, following 0.6% jump on Monday as the Japan's economic growth topped the expectations. The HDAX Index also dropped 0.7% today.
U.S. shares slid, after the biggest Standard & Poor's 500 two-day gain since the beginning of the year, as investors speculated on S&P's move to increase its outlook for U.S. The S&P 500 declined less than 0.1% to 1,642.81 as of 4 p.m. New York time, after adding 0.3% earlier, while the Dow Jones Industrial Average slid 0.1% to 15,238.59.
U.K. Government gilts dropped for the fourth day, sending 10-year yields to a three-month high, ahead of the sale of the new benchmark notes at an auction. The DMO is determined to sell 3.75 billion pounds of 2.25% securities due in September 2023, ahead of auctioning 2.25 billion pounds worth of bonds maturing in June 2023 on June 13.