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
Residential property transactions in Spain decreased by 6.1% on annually calculated basis to 25,655 sales in November, as the statistical office INE announced on Monday. Sales, including free homes, were lower by 3.5% compared to the last year, while the protected house sales dipped by 24%. Overall, the total number of sales of all types of property declined by 5%
U.S. stocks extended their gains for a second consecutive week on rising optimism about better-than-expected Chinese exports and corporate profits of the fourth quarter. The S&P 500 index rallied to 1,472.12, its highest in five years. However, only five out of ten groups in the gauge edged higher. Best Buy Co. added 16.4% to $3.52, the biggest gain in the
The U.S. 10-year yields benchmark slipped by 2 basis points, or 0.02 percentage point, to 1.85% in early London trading session on Monday. Treasuries increase for a second day, as market waits a report from the U.S. government on consumer prices changes in December. According to economists, the index should remain unchanged, meaning stagnated prices in December.
The Indian wholesale-price index increased to 7.18% comparing with the previous year, but was lower than a 7.24% number in November, as the Commerce Ministry said on Monday in New Delhi. The actual number was lower than a 7.37% economists' estimate. Indian inflation slowed to the lowest level in last 11 months, what increases speculation about the domestic key interest
The MSCI Asia Pacific excluding Japan index was higher by 0.3% to 477.41 points in the midday time in Hong Kong trading session on Monday. Stocks in Asia, excluding Japan equity, was increasing for a third day out of four leading by Chinese shares. The China's Shanghai Composite index was up by 2.4%, as market was driven by positive speculation,
The Swiss Market Index increased by 0.6% to 7,188.22 points in the end of Zurich trading session on Friday. The index closed in the highest level since September, 2008, making a four-year high. Swiss market is driven by news from Japan, which approved stimulus to boost domestic economic recovery and this overshadowed concern from China, that it will refrain from
Crude oil futures for February settlement were higher by 0.7% reaching $94.22 a barrel by midday in Hong Kong trading session on Monday. The price has breached a $94 benchmark, as the U.S. Dollar depreciated and China has announced a positive data, that quotas for foreign investment can be increased by 10 times. That would possibly increase demand for oil
The Euro Stoxx 50 Index futures, a benchmark for the Euro area, were rose 0.5% to 2,725 points in early London trading session on Monday. European equities were higher, as Charles Evans, Fed of Chicago President, said that the central bank should proceed to support domestic economic recovery until it gets back on the track and will be sustainable. The
Corn futures for March settlement were higher by 1.8% to $7.215 for one bushel in Chicago during Asian trading session on Monday. The price was very close to the highest level since the 18th of December. Commodity investors traded corns with positive sentiments, as the U.S. supply shrunk more than expected after the worst drought since the 1930s. Inventories of
Farm commodities jumped on Friday after closely-watched USDA global supply report showed a fall in the US grain inventories after the worst drought since the 1930s. Meanwhile, ongoing index funds' rebalancing sent softs higher. Soft US Dollar also was supportive for rural commodities.Wheat gained after the USDA slashed its forecast for US reserves for the end of the current marketing
Energy futures, excluding natural gas dropped on Friday as growing China's inflationary pressure dampened expectations for more loose monetary policy in the country. Weak US trade data also weighed on energy prices. Meanwhile, traders remained cautious ahead of a speech by Ben Bernanke due on Monday.Crude oil slid on disappointing figures from the US and China. Putting additional pressure, US
Industrial metals apart from nickel were bearish on Friday amid profit-taking and China's inflation reading. China's inflation rose more-than-expected last month, weighing on the country's stimulus hopes. Weak data from the US as well as elevated LME inventories put additional pressure on base metals.Aluminum declined as investors sold the metal to take profits after a recent increase in prices. Meanwhile,
EUR/USD pair increases for a third consecutive day, still maintaining a bullish momentum from the ECB decision to leave the interest rate unchanged.
As USD/CHF pair has settled in the lower part of Bollinger bands on Friday, the pair fluctuates around a 0.9124 level, which was the support for a price's reverse after Christmas break.
USD/JPY pair appreciates further making a high at 89.67, the highest level since June, 2010.
The Cable fluctuates around the 20-day SMA for a third session, as the price sharply surged from the lower Bollinger band last week.
Precious metals except for platinum finished the week on the negative note after the data showed higher-than-expected inflation in China last month. Chinese CPI rose to an annual rate of 2.5% versus a forecast of 2.3%. Inflationary pressure weighed on expectations for stimulus from the POBC. Gold sank as accelerating inflation in China created notable pressure. However, the yellow metal
The Indian Rupee was higher by 0.1% to 54.7250 per U.S. Dollar in early Mumbai trading session on Monday. The Indian currency extended its 0.6% positive performance in last week, which was the biggest gain since November. The main reason for a such Rupee's appreciation is a capital inflow, as overseas investors purchase various classes of assets. According to exchange
The Australian Dollar lost 0.3% against the New Zealand Dollar to 1.2564 in the end of Sydney trading session on Monday. The Aussie slipped against the New Zealand counterpart, as the amount of home loans unexpectedly decreased, increasing speculation, that the larger South Pacific country's central bank will reduce borrowing costs further. The Aussie was higher by 0.2 to $1.0560
The Yen dropped 0.5% to 89.60 per Dollar and lost 0.9% to 120.07 per Euro in the middle of Singapore trading session on Monday. The Japanese currency weakened against the Dollar to the lowest level since June, 2010 and versus the Euro reached the weakest level since May, 2011. Markets trade the Yen negative on speculation, that Abe Schinzo, Japanese Prime Minister,