Futures for natural gas surged to its highest level in four months, as the fresh weather forecast predicts snowy and cold winter in the U.S., which can boost demand for energy. Temperature in the U.S. has already dropped below average during October 19-28. Natural gas prices for delivery in November jumped 0.6%, reaching $3.799 per million thermal units. This year
Finance ministers from the biggest countries, which hold U.S. government Treasuries, said on Monday that they fully trust in stability of U.S. financial liabilities and will not sell Treasuries, even if Congress does not negotiate successfully by October 17. It is worth pointing out that at the moment Russia, India, Japan and Saudi Arabia have more than $1.3 trillion in
Roche Holding AG, a Swiss pharmaceutical company, plans to invest $880 million in order to boost production of its new biologic medicines, as the demand rises. The plan includes expanding four production facilities in Switzerland, Germany and the U.S., by adding additional 500 jobs. Roche Holding AG shares are trading up 0.42% to 193 euros per share by 14:00 GMT
U.K. shares were little changed, after benchmark FTSE 100 Index advanced previous week, as U.S. officials continued to seek for a compromise. The FTSE 100 climbed 0.1% to 6,494.19 as of 12:18 p.m. London time, following its last week's 0.5% gain. The FTSE All-Share Index rose 0.1% today, while Ireland's ISEQ Index slid 0.2%.
The British currency gained from near the lowest level in four weeks versus the greenback ahead of unemployment data that are expected to reach the lowest level since year 2009. The Pound added 0.1% to $1.5980 as of 11:27 a.m. in London after slipping to $1.5914 on October 10, while the Sterling traded at 84.87 pence per Euro after falling
Australia's home-loan approvals decreased on a sequential basis in the month of August missing the initial projections, a report unveiled by the Australian Bureau of Statistics showed on Monday. According to the report, the total number of home loans fell 3.9% standing at 49,912 in August, while it was forecast to contract 2.5% after it dropped 2.4% in July.
Service sector activity in New Zealand increased at a faster rate in September than in the month before, a report revealed by the Bank of New Zealand and BusinessNZ showed on Monday. According to the report, the performance of service index (PSI) advanced from 53.3 recorded in August to 55.6 points in September, while new orders rose from 54.9 to
European equities declined on Monday as the debt limit impasse widens after the U.S. President Barack Obama and House Republicans failed to raise the federal debt ceiling in order to avoid technical default of the country. Futures of benchmark index Euro Stoxx 50 with delivery in December slipped 0.3% to 2,953 as of 7:15 a.m. in London, while FTSE 100
Emerging-market equities dropped on Monday falling from the highest level in four months mainly due to a decline of technology shares as deadlock over the U.S. debt limit continues after Barack Obama and House Republicans failed to find an agreement this weekend. The MSCI Emerging Markets Index dropped 0.1% to 1,022 as of 2:08 p.m. Hong Kong time.
Chinese stocks increased on Monday pushing the local benchmark index to the highest level in a month mainly due to an increase of railway companies climbing by 10% offsetting data showing faster inflation and lower exports. The Shanghai Composite Index gained 0.6% to 2,240.41 at 1:19 p.m. and it closed at the strongest level since September 12.
Copper decreased on Monday leading declined in industrial metals as the U.S. government shutdown continues and as China's exports recorded a drop last month fuelling concerns that demand from two largest users may slow down. Copper for delivery in December fell 0.8% to $7,140 a metric ton and it was traded at $7,187.50 as of 10:03 a.m. Shanghai time on
The Indian benchmark stock index advanced on Monday rising to the highest level in a month mainly due to a notable increase of software shares as improving global economy may boost their profitability and as factory production dropped. The S&P BSE Sensex gained 0.4% to 20,605.52 by 11:09 a.m. Mumbai time after it added 3.1% last week.
Gold fluctuated on Monday and was traded above the lowest level in a three-month period as the debt limit talks between Barack Obama and congressional lawmakers brought no agreement after this weekend persisting the U.S. government shutdown. Bullion for delivery in October advanced 0.5% to $1,279.05 an ounce and slipped 0.3% afterwards to $1,270.81 as of 12:17 Singapore time.
The Australian Dollar decreased on Monday extending its losing streak against its New Zealand's counterpart to the second straight day after a report showed that Australia's home-loan approvals declined to for the first time in 2013. The so-called Aussie fell 0.4% to NZ$1.1332 by 4:53 p.m. Sydney time following a 0.3% drop on October 11.
The U.S. Dollar declined on Monday falling for the second straight day against the Eurozone's currency as this weekend's debate in Washington between the U.S. President Barack Obama and House Republicans did not bring any agreement on the new debt limit. The so-called Greenback weakened 0.1% to $1.3563 per Euro at 12:14 p.m. Singapore time following a drop to an
West Texas Intermediate crude dropped for the second straight session on Monday amid concerns that the U.S. economic growth may be slowed down reducing fuel demand as U.S. lawmakers failed to agree on the new debt limit this weekend avoiding technical default. WTI for settlement in November fell 81 cents to $101.21 a barrel on the NYMEX and it was
The Japanese Yen increased on Monday amid concerns that U.S. policymakers may fail this week to agree on the new debt ceiling avoiding the country's technical default raising demand for riskier assets. The Yen advanced to 98.31 per U.S. Dollar after it touched today's high at 98.05 earlier, rebounding from Friday's 2-week low at 98.60 U.S. cents.
China's inflation measured as consumer price index increased to the strongest level in seven months in September, although it stayed below the country's official target, a report released by the National Bureau of Statistics revealed on Monday. The report showed that the consumer price index rose 3.1% year-on-year after it added 2.6% in August, missing the inflation target at 3.5%.
Asian stocks declined on Monday as the weekend debt ceiling debate between the U.S. President Barack Obama and congressional lawmakers failed in Washington persisting the government shutdown, however, expectations are that an agreement will be reached avoiding the country's default. The MSCI Asia-Pacific shares outside Japan fell 0.3% and China's CSI300 Index dropped 0.2%.
Consumer sentiment in the United States fell to its lowest level since the beginning of the year in October of this year, as the benchmark index decline to 75.2 points from 77.5 points a month earlier. Economists, in turn, forecasted the index to decrease slightly to 76 points. Analysts say that the slump of the sentiment was caused by continuing
Bank of Japan Governor Haruhiko Kuroda announced on Friday that his institution is ready to fight any deflation signs and will do everything that is necessary to support inflation. The country saw a deflation for more than 15 years, but actions taken by BoJ started bringing first results. Japanese economy rebounds, while the consumers are turning towards inflation expectations in
JPMorgan Chase & Co. posted a net loss of $380 million in the third quarter of 2013, while losses per share were $0.17. On the other hand, overall losses include $7.2 billion of costs for litigation expenses, while without this sum of money the company showed a profit of $1.42 per share, exceeding analysts' estimates. JPMorgan Chase & Co shares
According to German Economy ministry's outlook, economic growth in the country will remain stable during the last two quarters of this year. Meanwhile, the increase in exports may not be significant, while the manufacturing industry will become the leading sector by growth. Moreover, private consumption will also rise moderately. German economy added 0.7% in Q2.
United Kingdom leading indicator measuring economic activity advanced for the second successive month in August, a data released by the Conference Board unveiled on Friday. The data showed that the U.K. leading economic index rose 1.2% on a monthly basis in August after a 0.7% advance recorded in the month before and a 0.4% drop in June.