The Japanese currency increased versus all of its 16 most-traded peers on Tuesday amid speculation that recent fall towards 100-per-U.S. Dollar level was too steep. The Yen was traded 0.2% higher at 99.10 per U.S. Dollar at 1:54 p.m. Tokyo time from yesterday's closing price after it slipped 2% in the last 3 sessions, while it advanced 0.2% to 129.65
The majority of Chinese shares declined on Tuesday as the technological sector and health-care companies led the fall before a data showed that exports in the country rose at the slowest pace in 5 months in April. The Shanghai Composite Index advanced 0.1% to 2,232.31 as of 1:05 p.m. local time and the CSI 300 Index gained 0.1% to 2,525.80.
Italy's service sector economy contracted at the slowest rate in a twenty-month period in April, as the level of new businesses also declined on the month, a report released by the Markit Economics revealed on Monday. According to the report the Markit/ADACI, business activity index advanced from 45.5 in March to 47 in April, the highest level since August 2011.
Private sector in France contracted further in April; however, the pace of contraction was slower than originally projected, data released by the Markit Economics told on Monday. The report showed that the composite output index rose from 41.9 in March to the highest level in four months at 44.3 in April, while it was forecast to climb to 44.2.
West Texas Intermediate oil swung between gains and losses on Monday and was traded close to its highest level in a month amid speculation that oil flows from the Middles East will not be affected by air strikes in Syria. June WTI futures slid by 1 cent to $95.60 a barrel as of 11:13 a.m. on the NYMEX after they
Service sector in Brazil accelerated at a faster rate in March than the month before as new orders were pushed by strong demand in the export market and the domestic market, the latest data released by the Markit Economics and HSBC Bank showed on Monday. The service sector purchasing managers' index gained from 50.3 in March to 51.3 in April.
Copper traded in New York fell for the first time in last three sessions on Monday amid speculation that demand in Europe will decrease as the global supplies rise and after reports showing that services and manufacturing output in the EU17 declined. Copper for delivery in two months dropped 0.6% to $3.296 a pound as of 10:35 a.m. on the
Retail sales in the 17-nation bloc decreased for the second successive month in March amid a 0.5% decline in retail of non-food products, the statistical office Eurostat reported on Monday. The report showed that on a monthly basis retail sales slipped 0.1% in March matching estimates after it slid by 0.2% in the month before, while on an annual basis
Spanish jobless rate decreased more in April with the total number of unemployed people falling below a level of 5 million suggesting that the recession-stricken economy may be showing signs of recovery the Labour Ministry reported on Monday. Unemployment in the country reached 4.99 million in April falling by 45,060 or 0.91%, while unemployment among people under 25 fell by
Private sector in the euro area continued to fall in April, but the pace of contraction was lower than preliminary estimated, the Markit Economics reported on Monday. The composite output index measuring performance of manufacturing and services increased from 46.5 recorded in March to a level of 46.9 in April, while the services business activity index climbed from 46.4 to
Private sector in Germany decreased in April, but the fall was at slower rate than economists originally expected, a data revealed by the Markit Economics unveiled on Monday. According to data the Purchasing Managers' Index declined from 50.6 in March to 49.2 in April, while the services PMI fell from 50.9 to 49.6 in the same month.
Investor confidence in the 17-nation bloc increased in the month of May after it was falling in the previous two periods, a report released by the think-tank Sentix unveiled on Monday. According to the report the investor confidence index added 1.7 points, when it advanced from -17.3 recorded in April to -15.6 in May, however, it was expected to rise
Growth of Chinese service sector slowed down to the lowest level in almost two years in April amid falling new orders and declining employment level on the month, the latest figures released by the Markit Economics and HSBC showed on Monday. The business activity index dropped from 54.3 to 51.1 in April from the month before, while the composite output
Economic outlook of Italy for 2013 was downgraded by the statistical office Istat amid weak domestic demand overshadowing positive contribution of demand from other countries, while total investments are expected to drop on negative economic sentiment. Italy's economy is forecast to fall by 1.4% in 2013, downwardly revised from a 0.5% fall projected in November.
Gold futures increased on Monday as the metal entered a bull market two weeks ago amid bets of hedge funds on further increase after central banks world-wide signaled more stimulus measures in order to boost the economy. Bullion advanced by 4.9% in the last two weeks and the gold futures jumped by 0.7% to $1,464.20 an ounce on the Comex
The Japanese currency fell on Monday heading to a 100-per-U.S. Dollar level, while the Euro depreciated amid unfavourable data reported by the Eurostat showing weaker manufacturing output and lower level of retail sales. Yen dropped 0.3% to 99.32 per U.S. dollar as of 11:01 a.m. in London, the third straight decrease of the currency against the U.S. Dollar, and it
European shares declined on Monday after they were traded close to their five-year high as reports from the 17-nation bloc showed weaker manufacturing output and services falling for the 15th month in a row, at the same time retail sales declined. The benchmark Europe Stoxx 600 Index dropped 0.2% to 300.52 earlier on Monday London session.
Manufacturing activity in the euro area decreased at a slower pace in April than the previous month, according to a report unveiled by the Markit Economics on Thursday. The report showed that the Purchasing Managers Index marginally declined from March's level of 46.8 points to 46.7 in April, while economists expected the figure to fall to 46.5.
The European Central Bank lowered its benchmark interest rates to the lowest level all-time on a policy meeting on Thursday as the bloc's economy is not recovering as expected. The Governing Council led by the ECB's President Mario Draghi cut the refinancing rate by 25 basis points to historical low 0.50%, while the marginal lending facility rate was reduced to
Emerging-market stocks increased on Friday pushing the regional benchmark index towards largest weekly advance in more than a month as automakers from China and property sector shares in Philippines rose. The MSCI Emerging Market Index was traded 0.2% higher at 1,038.92 at 2:03 p.m. Hong Kong time, while it has gained 1.6% this week.
European shares were little changed on Friday as traders awaited the U.S. labour market report showing that employers hired more people in April and as companies from retail sector to banks reported their earnings. The benchmark Stoxx Europe 600 Index rose less than 0.1% to 297.97 earlier on Friday London session after it completed the longest winning streak of monthly
Chinese equities gained on Friday recording the biggest advance in a week mainly due to an increase of financial shares, with regional benchmark index rebounding from a 4-month low. The Shanghai Composite Index move up by 1.4% closing at 2,205.50, bouncing back from the lowest since December 24, while the CSI 300 Index gained 1.8% to 2,492.91.
Asian shares jumped on Friday after Australian bank Macquarie showed that its earnings rose and as initial jobless claim in the U.S. fell to a five-year low and the ECB's meeting resulted in another interest rate cut to historical low. The MSCI Asia Pacific excluding Japan Index advanced by 0.1% to 480.88 at 2:32 p.m. Hong Kong time and it
The Euro depreciated versus most of its peers on Friday declining for the first time in a five-day period versus the so-called greenback after the European Central Bank led by Mario Draghi showed that he is open for negative deposit rate. The Euro slipped by 0.9% to $1.3065 as of 5 p.m. New York time after it advanced 1.3% in