The New Zealand's currency notably declined on Thursday trading session following a week of gains and as it traded close to the highest level in two-and-a-half year as, the drop was caused by profit taking on Wednesday. The so-called Kiwi slipped from $0.8702 recorded on Wednesday session to $0.8543 today as the Reserve Bank of New Zealand is forecast to
The Japanese currency held steady on Thursday trading session, however it was traded near its lowest level in four weeks against the Euro and it reached a fresh 10-week low versus the U.S. Dollar before today's policy meeting of the ECB. The Yen fell 0.1% to 103.97 per U.S. Dollar after it slipped to 104.07, the least in ten weeks,
The Aussie and Kiwi are expected to fall against the U.S. Dollar and to lose this year's gains as U.S. is poised for a recovery. The Australian and New Zealand Dollars have been among the three best performing major currencies against the greenback over the previous month and this year in a whole. The Kiwi gained to 83.02 U.S. cents
The Wall Street equities closed higher on Wednesday trading session with the benchmark stock index Standard & Poor's 500 reaching the highest level all-time on signs that the country's economy is building its momentum as series of recent reports showed. The S&P 500 Index added 0.29% to 1,890. The Dow Jones industrial average jumped 0.24% to 16,573 and the Nasdaq
The U.S. Dollar gained to the highest level in two months versus the Japanese Yen ahead of U.S. service industry data and nonfarm payrolls that are expected to grow. The greenback traded at 103.87 Japanese Yen at 7 a.m. London time, after reaching 104.07, the strongest level since January 23, while it was at $1.3759 per Euro, after Wednesday's 0.2%
The European currency opened lower earlier on Thursday trading session as traders awaited a result from the European Central Bank policy meeting taking place today and expected to bring no change in monetary policy of the bank. The Euro slipped as much as 0.1% to $1.3758 following an advanced to the highest in a week at $1.3820 in the session
German shares gained for a second straight day, after they retreated previous month, as the U.S. employment data are awaited by investors. The DAX Index climbed 0.4% to 9,639.95 as of 10:15 Frankfurt time; however, the equity-benchmark slid 1.4% in March on turmoil between Russia and Ukraine. The HDAX Index rose 0.3% today.
U.K. shares were little changed, after the regional benchmark FTSE 100 Index touched the highest level in three weeks on Tuesday, as U.S. employment reports were awaited by investors. The FTSE 100 added less than 0.1% to 6,658.59 as of 9:18 a.m. London time. The FTSE All-Share Index increased less than 0.1% as well, while Ireland's ISEQ Index climbed 0.5%.
Majority of European shares gained as a private U.S. unemployment report is coming out today and that might indicate how far the U.S. with its economy is. The Stoxx Europe 600 Index added 0.1% to 336.73 as of 8:14 a.m. London time and it has advanced 3.8% since March 24. However, Standard & Poor's 500 Index futures rose 0.1%, while
Gold halted its declines for two straight days, after the prices reached the lowest level in seven weeks, encouraging investors to buy the bullion on signs of increasing physical demand in China. Gold for immediate delivery gained 0.4% to $1,284.58 an ounce and was at 1,284.23 as of 2:48 p.m. Singapore time. Bullion for June delivery advanced 0.4% to $1,284.50
The U.S. Dollar gained to the strongest level in approximately two months versus the Japanese Yen ahead of a private report on U.S. jobs growth that will be released today. The greenback added 0.1% 103.76 Yen at 6:50 a.m. London time, after approaching 103.94, the strongest level since January 23. The U.S. currency advanced 0.5% to 85.96 cents per Kiwi,
The American manufacturing sector continued to expand, as production and orders grew, reaching a tenth consecutive gain, while still missing the economists' expectations of 54. The Institute for Supply Management's index advanced to 53.7 in March, thus increasing by 0.5 points from the previous month.
U.S. stocks surged after Tempe, Arizona-based group, reported an increase in the manufacturing data, thus letting Standard & Poor's 500 Index reach the longest winning streak since 2007. The S&P 500 index and the Dow Jones Industrial Average advanced 0.4%. The S&P 500 added 1.3% in the first quarter, thus staging a fifth consecutive gain.
The Japanese shares were mixed as the Topix index advanced, while the Nikkei 225 Stock Average slipped 0.2%. The Topix Index climbed 0.1%, thus extending its winning streak to a seventh day, while still being in red as a result of the 7.6% decline last quarter.
The Pound halted its six-day winning streak against the greenback after U.K. reported slower-than-expected growth in manufacturing. The Cable dropped 0.1% from its two-week high, after it advanced 1.1% during the last five days. The Sterling also experienced a slide of 0.3% versus the shared currency.
The Chinese currency slipped 2.4% against the U.S. currency last quarter, thus posting the biggest drop among the Asian currencies. The Renminbi has been gaining ground for almost a decade, but with the drop last quarter it has nearly erased last year's gain of 2.9% and the speculators lost $5.5 billion.
Gold traded near the lowest point in seven weeks in London, since investors scrutinise Fed's outlook on the monetary policy. Gold for immediate delivery gained 0.3% to $1,287.42 an ounce as of 9:40 a.m. London time, and reached $1,278.20 today, the weakest level since February 11. The yellow metal for delivery in June climbed 0.3% to $1,287.60 in New York
The Italian labour market recorded the highest unemployment rate all-time as the rate advanced further in the month of February, a report published by the statistical office Istat revealed on Tuesday. The report also showed that the country's jobless rate increased from a level of 12.9% in January to 13% in the following month.
The Australian national bank left the key interest rates at the lowest level all-time as the economy struggles to find its way to stable economic growth, a report released by the bank showed on Tuesday. According to the report, the Reserve Bank of Australia maintained the benchmark cash rate stable at 2.50% matching economists' forecast.
Unemployment rate in the 18-nation bloc stayed flat in the month of February, however the total number of people without a job fell by 35,000, a report released by the statistical office Eurostat unveiled on Tuesday. According to the report, the Eurozone's jobless rate remained at a level of 11.9% in February as the January's figure was downwardly revised to
The Indian central bank decided to maintain the benchmark interest rates unchanged and signalled that it may keep the rates at current level in the near future, a report released by the bank showed on Tuesday. The Reserve Bank of India kept the key interest rate at a level of 8.00% after the rate was raised by 25 basis points
Manufacturing sector in France advanced in March rising towards the strongest level in thirty three months and beating initial economists' projections, a report released by the Markit Economics unveiled on Tuesday. According to the report, the French manufacturing purchasing managers' index added from a level of 49.7 in February to 52.1 in March.
Manufacturing sector in the Europe's largest economy eased in the month of March rising at a slower rate than economists originally forecast, a report published by the Markit Economics showed on Tuesday. According to the report, the Germany's purchasing managers' index slipped from 54.8 points in February to 53.7 points in March.
Manufacturing sector in the 18-nation bloc increased in March extending its series of gains to nine months, a report released by the Markit Economics showed on Tuesday. According to the report, the Eurozone's manufacturing PMI slipped from February's 53.2 points to a level of 53.0 in March, staying in a positive area above 50.