U.S. Treasuries declined on Wednesday ending a three-day increase on speculation that the agreement over U.S. budget may help the nation's economy supporting the Federal Reserve's decision to trim its bond-buying program on the next policy meeting. The benchmark 10-year yields traded at 2.81% by 7:10 a.m. London time.
The Australian Dollar dropped on Wednesday snapping its four-day increase, the largest winning streak in a seven-week period before a government report showed that unemployment in the country reached the highest figure since 2009. The so-called Aussie shed 0.1% to 91.44 U.S. cents by 11:19 a.m. Sydney time following an increase of 1.4% in the prior four sessions.
Copper fluctuated on Wednesday after the Asian Development Bank increased China's gross domestic product growth outlook for 2013 to 7.7% from 7.6% in October, as China is the world's largest consumer of the commodity. Copper for settlement in three months was little changed on the London Metal Exchange at $7,155.50 a metric ton as of 10:15 a.m. Shanghai time.
Gold swung between gains and losses on Wednesday and traded near the highest level in three weeks amid signs that metal's outlook were boosted after China's physical demand rose and as the U.S. Dollar slipped. Bullion for delivery in December advanced and dropped 0.2%, before falling by $1.68 to $1.260.50 an ounce as of 8:34 a.m. Singapore time.
Corn declined on Wednesday falling for the second straight session after the WASDE report revealed record forecast for global production and domestic inventories increase together with growing output. Corn for delivery in March fell 0.3% to $4.3475 per bushel on the CBOT as of 11:05 a.m. Singapore time after the prices jumped to the strongest level since November 14 at
Indian equities declined for the second straight day on Wednesday pushing the regional stock index down led by lenders and industrial companies mid speculation that the Reserve Bank of India may raise its repurchase rate from 7.75% to 8.5% next year. The S&P BSE Sensex Index fell 0.6% to 21,138.39 as of 11:35 a.m. Mumbai time and it reached the
West Teas Intermediate crude increased on Wednesday traded close to its highest level in more than a month after a government report showed that inventories in the world's largest consumer of the oil, U.S., dropped for the second successive week. WTI for delivery next month fell 2 cents and it traded at $98.49 on the NYMEX as of 2:30 p.m.
Japan's equities declined on Wednesday with the regional benchmark index Topix snapping its thee-day losing streak after the Japanese currency dropped for the second straight session pushing exporters lower. The Topix fell 0.5% and closed at 1,250.45 in Tokyo, while the Nikkei 225 tumbled 0.6% traded at 15,515.06.
Unemployment rate in South Korea declined in November with the jobless rate among youth between the age of 15-29 increasing by 7.5% following a 6.7% advance in November 2012, the Statistics Korea showed in a report on Wednesday. South Korean jobless rate fell 2.9% in November after recording a 0.3% slid in the previous month.
Non-agricultural sector employment in France declined in the September quarter, however, the pace was weaker than in the quarter before suggesting a slight improvement in the sector, the statistical office Insee unveiled on Wednesday. Employment in France's non-farm sector fell 0.1% in the Q3 following the Q2 drop of 0.2% in employment.
Wholesale inventories in the world's largest economy advanced more than economists initially expected in October mainly due to a notable advance of non-durable goods inventories that rose 3%, the Commerce Department reported on Tuesday. According to the report, the U.S. wholesale inventories climbed 1.4% in October after jumping 0.5% in prior month.
The economic performance of the United Kingdom improved in 3 months to November as the country's output gap is narrowing, a report released by the National Institute of Economics and Social Research revealed on Wednesday. According to the report, the U.K. gross domestic product accelerated 0.8% in the three months until November following a 0.7% growth in the period before.
The U.S. Dollar slipped on Wednesday falling against the majority of its most-traded peers as the currency index dropped to the lowest level in six weeks amid concern that the U.S. Federal Reserve may need more positive data in order to trim its monetary easing. The U.S. Dollar index traded at 79.98 earlier today after hitting the lowest level in
U.S. shares closed lower on Tuesday after the benchmark index Standard & Poor's 500 recorded its record high on yesterday's session and as investors awaited an outcome of the next week's policy meeting of the U.S. Federal Reserve resulting in a possible scale-back of bond purchasing. The Dow Jones industrial average slipped 0.33% to 15,973.13, the S&P 500 Index fell
The majority of Asian shares edged lower on Wednesday with the local benchmark gauge falling together with Shanghai index as traders took their profits after previous gains on weaker U.S. currency dropping amid speculation of stimulus scale back. The broadest Asia-Pacific Index outside Japan slipped 0.7% and the Shanghai Composite Index fell 1.1%.
European shares dropped, snapping two-day winning streak, after China's industrial report missed the forecasts. The Stoxx Europe 600 Index slid 0.3% to 316.08 as of 1:16 p.m. in London; however, the equity-benchmark has jumped 13% this year. Standard & Poor's 500 Index futures slipped 0.1%, while the MSCI Asia Pacific Index was little changed today.
U.S. stock-index futures declined, after the benchmark Standard & Poor's 500 Index gained to a record high, as budget talks were watched by investors. S&P 500 futures expiring this month slid 0.3% to 1,803.70 as of 8:52 a.m. New York time, while Dow Jones Industrial Average futures fell 0.3% to 15,975. The S&P 500 climbed 0.2% on Monday reaching a
The Australian currency declined on Tuesday falling against the U.S. Dollar and traded near the lowest level in five years versus its New Zealand's counterpart on speculation that the Australian Reserve Bank may require further stimulus. The so-called Aussie slipped 0.2% to 90.91 U.S. cents by 11:13 a.m. Sydney time, it slid 0.2% to 93.88 yen and traded at NZ$1.0980.
The South Korean currency advanced on Tuesday jumping to the strongest level in two years after a government report showed that the South Korean largest trading partner, China, increased exports suggesting that the local economy is improving. The Won fluctuated at 1,052.62 per U.S. Dollar by 10:23 a.m. Seoul time following a touch at the most since August 2011 at
The British Sterling increased on Tuesday jumping to the strongest level in two years against the U.S. Dollar after a government report showed that house prices in the United Kingdom advanced to the highest figure in more than 10 years last month. The Pound strengthened 0.1% to $1.6453 as of 7:41 a.m. in London following a jump to $1.6466, the
The Canadian currency weakened on Tuesday falling towards the lowest level in three years on speculation that the Federal Reserve may tapper off its monetary easing next week on the central bank's policy meeting. The so-called Loonie declined 0.3% and added 0.1% to C$1.0627 per Greenback as of 5 p.m. Toronto time.
Predictions of economists for the U.S. government bond yields at the end of next year are the strongest since July amid speculations that the U.S. Federal Reserve may begin tapering off its bond-purchasing program on the next week's policy meeting. Yields of government securities may climb to 3.41%, the Bloomberg survey showed today.
The European benchmark Brent crude advanced on Tuesday rising for the second successive month in November after output in Libya, the African largest oil holder, was curbed by unfavourable weather in the region. Brent for delivery next month gained 47 cents to $109.86 a barrel on the London's ICE Futures Europe Exchange.
West Texas Intermediate crude advanced on Tuesday before an industry report showed that inventories in the world's largest consumer of the oil, U.S., dropped for the second straight week. WTI for delivery in January increased 36 cents to $97.70 a barrel on the NYMEX and traded at $97.66 as of 1:13 p.m. in Singapore, while it dropped 31 cents on