Hong Kong stocks slightly eased on Tuesday as investors sat on the sidelines after the stocks reached their highest level in more than one and a half year. The Hong Kong's Hang Seng index touched its 18-month during the session but closed 0.1% lower at 23,381.5 points. All but three sectors declined in the benchmark gauge. Technology, industrials, and financials
Japanese stocks advanced on Tuesday, sending the Nikkei 225 Stock Average to its 32-month high as Masaki Shirakawa, the Governor of Bank of Japan, said the central bank will keep pursuing powerful monetary easing. This happened after the Prime Minister Shinzo Abe said a bold policy leader should replace Shirakawa.The Nikkei 225 rallied 0.7% to 10,879.08, the highest level since
The U.S. shares, stayed flat with the Dow Jones Industrial Average slightly increasing 0.1%, or 18.89 points, to 13,507.32. Investors sat on the sidelines, as Chairman Ben Bernake's remarks pointed out that U.S. policy makers might be willing to wend the bond buying program prior to the end of year 2013. Five out of nine groups in the index edged
Copper futures with a three month settlement were lower by 0.2% to 7,984.50 a metric ton in the second part of Shanghai trading session on Tuesday. The current price level is the lowest since the 31st of December. Copper slipped lower, as Rio Tinto Group, the second biggest world's mining company, announced a better than expected mined output of the
U.S. stocks inched lower on Monday, as S&P 500 index dropped from its five-year high after shares of Apple Inc. tumbled on rising concerns about the iPhone sales. The most valuable company slipped 3.6% to $501.75, the first time in 11 months, as report showed Apple curbed iPhone production amid weak demand for iPhone5. The S&P 500 declined 0.1% to
The Euro Stoxx 50 futures were lower by 0.2% to 2,706 points in very early London trading session on Tuesday. The European index retreats from a multi-month high, on market concern that the U.S. will face difficulties to adjust debt ceiling. Also, market waits for a report from Germany, which will indicate a scale of economy expansion, which according to
The Malaysia's Ringgit increased by 0.4% to 3.0041 per U.S. Dollar on early Kuala Lumpur trading session on Tuesday. The currency appreciated to a 10-month high on speculation that the Federal Reserves Bank will continue to pump money into the U.S. economy, what will boost the price for risky assets and equity. Also, Malaysia's factory output increased by 7.5%, beating
The Thailand's Bath increased by 0.5% to 30.09 per U.S. Dollar in early Bangkok trading session on Tuesday. That was a seventh consecutive gain and the currency reached the strongest exchange rate versus the U.S. Dollar since September, 2011. The currency is traded positively, on speculations that the central bank will allow to fight with inflation, as it accelerated to
The Ruble, the Russian currency, rose 0.2% to 30.2540 per U.S. Dollar by midday in the Moscow trading session on Tuesday. The currency appreciated further breaching the highest level since May, 2012. Investors traded the Ruble with a positive perspective, as Russia's central bank announced about proceeding interventions to curb the domestic currency's gains.
Crude oil futures for February settlement were lower by 43 cents to $93.71 a barrel on the New York Mercantile Exchange in Singapore trading session on Tuesday. Commodity investors traded crude oil with negative sentiments, on speculation that the U.S. stockpiles will be higher than in the previous month and the U.S. economic recovery can be corrupted by a budget
Rural commodities were mixed on Monday, with grains moving higher and softs sliding. Broadly weaker US Dollar and recent USDA cuts of US grains inventory forecasts were supportive for the commodity group. Wheat jumped the most since November on worries that US wheat inventories will fall more than expected. USDA cut its wheat stocks forecast for May 31 by 5%.
Energy futures traded in the positive territory on Monday, being supported by weak US Dollar and speculation that the Fed will continue its easing measures. However, the upswing was restricted as traders remained cautious amid US debt ceiling uncertainty. Crude oil climbed close to a four-month high on hopes that upcoming reports on retail sales and industrial production due on
Industrial metals dropped on Monday amid weak data releases from the Eurozone. The Eurozone's industrial production slid 0.3% versus a forecast of a 0.2% increase in November. Adding to the negative mood of base metals complex, investors have become increasingly concerned about US debt ceiling dispute.Aluminum tanked amid ongoing index funds rebalancing that are likely to cut weight of the
Precious metals started the week on the positive note as persistent concerns about US debt ceiling talks sent US Dollar lower. Moreover, speculation that the Fed will make no changes to its easy monetary policy boosted the commodity group. Bright physical demand perspectives also supported precious metals.Gold climbed on weaker greenback after US Treasury Secretary Timothy F. Geithner said a
The MSCI Pacific Index was higher by 0.2% to 132.39 points by midday in Asian trading session on Tuesday. The region gauge extends an upside movement for a third month in a row, heading for the highest level since August, 2011, as previous data indicated China's economy recovery and on speculation that Japanese Prime Minister will reach more aggressive monetary
The Shanghai Composite Index increased by 0.3% to 2,317.85 points by midday in Asian trading session on Tuesday. The index has reached the highest value since 18th of July, 2012. The market expanded its gain after a yesterday's 3.1% increase, as government said it can increase quota ten times for foreign financiers to purchase domestic securities. Today investors traded on
The Australian Dollar, also known as the Aussie, lost 0.1% to $1.0553 in the second part of Sydney trading session on Tuesday. The Aussie slipped against the majority of its 16 peers ahead a report, which will indicate changes in unemployment sector. According to analysts, that Australia's jobless rate will increase to 5.4% from 5.2% in November, and this level
The Yen advanced by 0.6% to 88.99 per Dollar and increased by 0.8% to 118.83 per Euro by midday in Tokyo trading session on Tuesday. The Japanese currency appreciated versus all its 16 major counterparts, as economy minister of Japan sparked speculation, that the central bank of Japan will not implement additional measures to weaken its domestic currency. Akira Amari
German shares edged higher after the President of Federal Reserve Bank of Chicago Bank recommended for U.S. central bank to extend its monetary easing policy to support the nation's economy. The DAX index increased 2.1% to 7,717.62 by 15:59 GMT. Six out of nine groups inched higher in the benchmark gauge. Health care sector rose the most, as Fresenius Medical
UK shares stayed flat, as U.S. central banker suggested to continue taking monetary stimulus measures to boost the nation's economy. The latter offset shrinking business confidence in December. The FTSE 100 index erased 0.1%, or 3.76 points, to 6,117.82. All but three sectors contracted in the gauge. Schroders gained 2.8%, the most in the index, leading gains in the financial
Brazilian stocks advanced, heading for their one week high, as Brazilian producers rallied on a surge in commodities. The optimism among investors has been raised on speculation the U.S. and Japanese bankers will take more measures to spur the economic growth. The Bovespa index climbed 0.6% to 61,877.20, mainly led by gains in the oil and gas shares. Only three
Hong Kong shares rose, as mainland stocks rallied after a regulator announced China could increase by ten times the quotas for foreign investment. Hong Kong stocks are mainly advancing on gradually improving Chinese economy. The Hang Seng index erased its losses in the last week and climbed 0.7% to 23,418.15. However, only four out of nine sectors in the gauge
U.S. blue chips climbed for a second week, as optimism rose about fourth-quarter profits and rising Chinese exports. The Dow Jones Industrial Average advanced 0.4%, or 53.22 points, to 13,488.43. Five out of nine groups in the gauge advanced with the oil and gas sector rising the most by 0.9%. Microsoft Corporation posted biggest rally in the index with its
The Euro currency topped at $1.3404 level on Monday trading session, reaching an 11-month high. The Euro increased by 2.5% since the ECB president Mario Draghi expressed more optimistic outlook for the European economic recovery in late last week. Today will be released industrial output data of the Eurozone, which, according to economists, should indicate a 0.1% increase on monthly