The amount of approved mortgages in Australia jumped 4.4% in September of the current year, while analysts predicted the indicator to go up 3.5%. Economists from Australian banks say that a decrease of the main interest rate a month earlier resulted in the positive impact for the country's economy. Moreover, analysts point out that the policy of cutting rates may
The surplus of Japanese current account surprisingly climbed to its five-month record level in September of this year, while it reached as much as 587 billion yen, a 14.3% surge from the previous year. At the same time, economists expected the surplus to advance to 401 billion yen. Analysts point on the positive impact from the government's monetary easing policy
McDonald's Corp., the largest fast food restaurant chain in the world, increased its October sales by 0.5%, while some new products raised sales in the U.S. and Europe. The survey included restaurants that are opened at least 13 months. At the same time, economists forecasted the sales to add only 0.2%. McDonald's Corp. shares are now trading down 0.72% to
The amount of money that was spent by U.S. consumers increased only 0.2% in September of the current year, while savings advanced to its highest level during this year amid government Shutdown. Economists, in turn, predicted the spending rise to stay at August level of 0.3%. At the same time, income of U.S. citizens added 0.5%, showing the same pace
Number of new jobs that were added by U.S. employers climbed 204,000 in October of this year, despite the negative predictions due to the recent government Shutdown that took place in the beginning of that month. Moreover, September payrolls jumped 163,000, more than was initially forecasted. For October, in turn, analysts expected the number of new jobs to add only
Canadian economy increased the overall number of jobs by 13,200 in the previous month, while the jobless rate in the country stayed flat at 6.9%. At the same time, analysts expected the unemployment rate to reach 7%. Economists point out that the increase in employment level shows the average situation, while some regions of the country have posted a decrease
German exports jumped 1.7% to 94.7 billion Euros in September, well ahead of expected 0.6% growth, while inbound shipments edged down 1.9%, missing forecast of 0.4% increase, thus creating a record high trade surplus of 20.4 Billion Euros on monthly basis in September, from prior EUR 13.3 Billion in August. The US Treasury, in its report to Congress, blamed Germany
Trade balance in France came in deficit in September as the trade gap widened more than economists initially projected, a report unveiled by the French Customs showed on Friday. France's trade gap increased year-on-year to 5.824 billion euros in September from 5.067 billion euros recorded in the same month last year, while in August it was 5.085 billion euros.
Retail sales in Switzerland recorded an unexpected slow down on in September, a report published by the Federal Statistical Office revealed on Friday. According to the report, Swiss retail sales advanced 1% year-on-year in September following a 2.5% advance recorded in the month before, while economists expected retail sales to accelerate 2.7% on the month.
Trade gap of the United Kingdom widened in September caused by a notable drop in the country's exports falling by 0.7% to GBP 25.1 billion, a data unveiled by the Office for National Statistics showed on Friday. The nation's visible trade gap rose to GBP 9.8 billion in September compared to GBP 9.2 billion originally expected, while in August it
Manufacturing turnover in the Europe's largest economy declined in the month of September as domestic and foreign turnover both decreased, a report revealed by the statistical office Destatis showed on Friday. According to the report, German turnover fell 0.8% on a monthly basis in September following a 2.4% rise recorded in the month before.
Treasury 10-year yields little changed at 2.61% at 9:21 a.m. in London, after slipping one basis point earlier this week, while the 2.5% security note maturing in August 2023 traded at 99.062, as economists expect U.S. jobs report, which is coming out soon at 1:30 GMT time, to reveal a 120.000 increase in non-farm payrolls in October. The 3-year yields
Copper is set to increase next week according to a survey released by the Bloomberg News with eighteen bullish analysts compared to seven bearish and seven natural, suggesting that the prices may grow on stronger demand from the largest buyer China. Copper has declined 9.8% to $7,155 a metric ton on London Metal Exchange this year.
Corn traded in Chicago declined on Friday falling for an eight day and traded close to its lowest level in three years amid speculations that the U.S. government may raise its production estimate in today's USDA report. Corn for delivery in two months slipped 0.2% to $4.195 a bushel and traded at $4.20 as of 1:53 p.m. Singapore time.
Gold gained on Friday trimming its second weekly fall before a government data showed that payrolls in the U.S. declined in October, but the U.S. GDP grew faster suggesting that the Federal Reserve may scale back its stimulus sooner than expected. Bullion for delivery in November advanced 0.3% to #1,311.13 an ounce and traded at $1,310.18 as of 2:20 p.m.
India's Rupee declined on Friday together with the majority of Asia's most-traded currencies this week amid concerns that the Federal Reserve may scale back its stimulus sooner than forecast reducing demand for emerging-market assets. The Indian Rupee fell 1.5% to 62.66 per U.S. Dollar this week by 2:03 p.m. Mumbai time, while the Indonesia's Rupiah slipped 0.7% to 11,415 and
Germany's equities decreased on Friday falling from record highs before a government report showed a result in U.S. payrolls and as the rating agency Standard & Poor's cut credit rating of France from AA+ to AA. The benchmark index DAX slid 0.6% to 9,028.84 as of 10:01 a.m. Frankfurt time, although it has added 0.2% this week.
Italian, Spanish and German government bonds declined on Friday after the European Central Bank lowered its benchmark interest rated by 25 basis points to a historic low at 0.25% on yesterday's policy meeting. Italy's 10-year yields jumped four basis points to 4.13% after yesterday's drop to 4.04%, the least since May 28, while Spain's 10-year rates climbed 3 basis points
Government bonds of France decreased on Friday matching economists' expectation after the Standard & Poor's rating agency downgraded the country's sovereign credit rating from AA+ to AA maintaining the stable outlook. The benchmark 10-year government bond rose two basis points to 2.39% by 9:08 a.m. in London, when the prices fell 0.154 to 98.73.
Shares traded in Wall Street decreased on Thursday as the social media network Twitter entered the markets rising 92% in its first trading day on the NYSE, however, the benchmark S&P 500 suffered its worst daily drop since August. The Dow Jones Industrial average fell 0.97% to 15,593.98, the S&P 500 Index slipped 1.32% to 1,747.15 and the Nasdaq Composite
Chinese exports recorded a notable increase in the month of October with the pace of increase exceeding economists' expectations suggesting that the country's economy is improving, a report published by the Customs Administration revealed on Friday. According to the report, the country's exports rose 5.6% in October compared to a 3.2% gain originally forecast.
The European Central Bank surprisingly lowered its benchmark interest rates to an all-time low on yesterday's policy meeting claiming that the rate cut may prevent the recovery from slowing down and helps reach the inflation target. The 23-man Governing Council cut the main refinancing rate by 0.25% to 0.25% as inflation in the euro-area eased to 0.7% in October.
The U.S. Dollar increased on Friday against the 17-nation bloc currency before a government data showed that payrolls in the U.S. rose and as the European Central Bank surprisingly cut its interest rates on yesterday's policy meeting. The U.S. Dollar Index measuring a performance of the currency against its most traded peers gained to 81.46, the most in eight weeks,
The Sterling was fluctuated at 83.43 pence per Euro at 9:22 a.m. in London, after reaching 83.01 pence yesterday, the highest since January 17, after Standard & Poor's, the world's leading index and credit ratings provider, downgraded France's credit rating by one notch from AA+ to AA, as government's taxation, services and product as well as labor market reforms