Gold increased on Monday rallying towards the strongest level in nearly six weeks amid signs that demand of holdings for exchange-traded products backed by the precious metal rose at the fastest pace since 2011. Bullion for delivery this month gained 0.5% to $1,260.07 an ounce, the most since December 11, and was last traded at $1,255.88 as of 3:10 p.m.
Natural gas futures trade in New York declined of the second straight day on Monday amid speculation that mild weather in the U.S. may reduce demand for the commodity. Natural gas for settlement in February declined 2.8% to $4.203 a British thermal units on the NYMEX and was last seen at $4.270 as of 2:40 p.m. in Singapore.
Deutsche Bank AG, the largest investment bank in Germany, reported an unexpected loss for the last quarter of the previous year, as accounting charges and legal costs exceeded estimates. The pretax loss stood at 1.15 billion euro, while the average prediction of economists was a 628.5 billion euro profit. Today, Deutsche Bank AG shares are losing 1.76% to 37.74 euro
The European benchmark Brent crude lost on Monday trading session increasing the WTI-Brent premium from $11.89 recorded on January 17 to $12.42 today after a report showed that the world's second largest oil consumer, China, recorded slower economic growth in the Q4. Brent for settlement in March slipped 26 cents ti $106.22 per barrel on the London's ICE exchange.
West Texas Intermediate oil decreased on Monday falling from the strongest closing prices in a two-week period after government report unveiled that industrial production in China eased last month. WTI for settlement in February dropped 76 cents to a level of $93.61 per barrel on the NYMEX and was last seen at $93.74 as of 3:40 p.m. in Singapore.
Most of European shares fell on Monday trading session after the benchmark index Stoxx Europe 600 recorded a two-week rally rising towards the highest level in six years as Deutsche Bank AG and PSA Peugeot Citroen reported unfavourable quarterly results. The Stoxx Europe 600 Index lost as much as 0.1% to 335.44 as of 8:26 a.m. London time after surging
Manufacturing production in China continued to advance considerably in December of the last year, however, the pace of increase slowed from November's data. The output rose 9.7% in December on the annual basis, comparing with a 10% jump a month ago. Moreover, the biggest advance in production was posted by the automotive industry, where the output expanded 14.9%.
Inflation measured as producer price index in the Europe's largest economy declined in December falling for the fifth successive month, a report published by the statistical office Destatis showed on Monday. According to the report, German PPI fell 0.5% on an annual basis in December after dropping 0.8% in the month before, while it was projected to slide 0.6%.
Producer prices in South Korean continued to decline in December extending the deflation period to fifteen successive months, the latest data published by the Bank of Korea showed on Monday. According to the report, the country's producer price index slipped 0.4% on an annual basis in December after dropping 0.9% in the prior month and 1.4% in October.
Consumer confidence in Japan returned to declines in December suggesting that the country's households are not satisfied with the government's economy, a report revealed by Capital Economics and the Cabinet Office unveiled on last week. Japan's consumer confidence dropped surprisingly from November's level of 42.5 to 41.3 recorded in December.
Industrial output in the Asia's second largest economy declined on a sequential basis in November missing a forecast showing an increase for the month, a report published by the Ministry of Economy, Trade and Industry revealed on Monday. Japan's industrial production slipped 0.1% in November after rising 1% in the prior month, while it was projected to gain 0.1%.
China's industrial production, retail sales and investments increased in December, however the pace of growth was lower than economists initially expected, the country's statistical office reported on Monday. According to the report, industrial output added 9.7% compared to 9.8% projected for the month, retail sales surged 13.6% versus 13.7% expected growth and investments gained 19.6%, while it was forecast to
Economic growth in the world's second largest economy slowed down in the last quarter of 2013 as industrial output, retail sales and investments recorded declines suggesting that the economy lost its momentum, a report published by the National Bureau of Statistics showed on Monday. China's gross domestic product added 7.7% in the whole 2013, the least since 1999, while it
Asking home prices in the United Kingdom increased notably in the December-January period adding to speculation about a possible risk of a bubble, a report published by the property website Rightmove showed on Monday. According to the report, the country's annual price growth recorded 6.3%, the highest level since November 2007, while it advanced 1% between December 9 – January
Business confidence in financial services sector of the United Kingdom improved on signs that the economy is recovering as companies in the sector reported higher profits and business volume in the last quarter of 2013, the CBI/PwC survey revealed on Monday. According to the survey, 69% of companies feel more optimistic about the business climate versus 1% feeling less optimistic.
The U.S. Dollar increased on Monday rising against the 18-nation bloc currency towards the highest level in two months and continued its rally started last week after favourable economic data suggesting that the Federal Reserve may cut its stimulus further. The so-called Greenback gained to $1.3530 and it last traded at $1.3508, the least since November
The majority of Asian shares dropped on Monday trading session after a government report showed that the performance of the world's second largest economy in the last quarter of 2013 was lower than initial forecast suggesting that the economy lost its momentum. The MSCI Asia-Pacific gauge outside Japan fell 0.4%, while the Shanghai benchmark index lost 0.8%.
美国国会将月2月上旬成立由知日派众议员等组成的跨党派议员联盟（(Japan Caucus) ），就促进日美就跨太平洋经济合作协定(TPP)谈判，在日美磋商等对日本悬而未决的问题上向美国政府施加影响。
Royal Dutch Shell Plc profit declined sharply amid rising losses in America and deteriorating refining markets. The October-December net profit reached $2.9 billion versus $4.5 billion a quarter ago, while analysts predicted the net earnings to rise to $4.9 billion. Today, Royal Dutch Shell Plc. stocks are declining 1.93% to 27.22 euro by 11:00 GMT in Amsterdam.
Retail sales in the United Kingdom unexpectedly climbed almost nine times higher than economists expected, surging 2.6% in December of 2013 on a monthly basis versus a 0.3% forecast. Statisticians point out that it was the strongest December, speaking about Christmas sales, since 1996. The gains were led by department stores, which recorded the largest 8.7% increase in sales.
Intel Corp. expects its January-March quarter revenue to differ in a negative way in comparison with some analysts' more positive predictions, as PC sales in Asia plummet. Intel as microchips' producer depends on PC sales very much. On average, revenue is forecasted to reach $12.8 billion. Today, Intel Corp. equities' futures are crashing 4.48% to $25.25 per share in New
UBS AG, the largest bank in Switzerland, announced a 10% increase in bonuses for its bankers in Asian branch, as year 2013 revenues surged on high-yield bonds' and stocks' sales. On average, company's bankers receive $2.5 million in salary plus bonus, while almost 60% of the bonus they get in stock options. Today, UBS AG shares are rising 0.37% to
German shares increased on Friday session with the local benchmark index DAX heading towards the largest weekly increase in four weeks before a government report showed that housing starts in the U.S. fell and industrial production rose. The DAX Index advanced 0.2% to 9,735.84 as of 10:06 a.m. Frankfurt time and it has added 2.8% this week.
Import and producer prices in Switzerland decreased in line with economists' projections in December, the latest report revealed by the Federal Statistical Office revealed on Friday. According to the report, the country's import and producer price index slipped 0.4% on an annual basis in December, while on a sequential basis the index remained flat.