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.
Construction output in United Kingdom recorded a modest decline in August from the month before mainly due to drops in maintenance and new work and repair, a report published by the Office for National Statistics revealed on Friday. U.K. construction output slipped 0.1% on a sequential basis in August after it grew 2.8% in July, while year-on-year it rose 4%
Consumer price inflation in Italy slowed down in the month of September matching the originally estimated level, a report released by the statistical office Istat revealed on Friday. The report showed that harmonized index of consumer prices gained 0.9% on an annual basis in September following a 1.8% increased recorded in the previous month.
Spanish consumer price inflation slowed down in the month of September matching preliminary estimates, a data revealed by the statistical office Ine showed on Friday. According to the data, Spain's harmonized index of consumer prices eased to 0.5% in September from a level of 1.6% recorded in the month before making it a 0.8% monthly change.
The British Sterling advanced against its U.S. counterpart on Friday paring weekly drop after a report showed that house price in United Kingdom increased to the highest level all-time suggesting that the country's economy is improving. Pound added 0.1% to $1.5985 as of 9:35 a.m. in London following a drop to $1.5914 yesterday, the least since September 18.
European shares gained, with the regional benchmark Stoxx Europe 600 Index rising for a second straight day, on speculation that U.S. officials are close to find a compromise on debt limit. The Stoxx 600 added 0.3% to 311.13 as of 9:24 a.m. London time, after it rose 1.7% on Thursday. The MSCI Asia Pacific Index climbed 1.3% today, while Standard
Gold swung between gains and losses on Friday and were traded below $1,300 an ounce as investors stayed optimistic amid a progress in the U.S. debt ceiling debate in Washington between Barack Obama and congressional lawmakers. Bullion for settlement in October advanced and fell 0.3% before it was traded at $1,290.32 an ounce as of 9:20 a.m. Singapore time.
Corn declined on Friday falling to the lowest level in three years amid dried weather in the U.S. causing a record harvest in the world's largest producer and as demand for ethanol from the crop may decrease if the country's government reduces the biofuel mandate. Corn for delivery in December slipped 1.2% to $4.33 a bushel on the CBOT, the
West Texas Intermediate crude increased on Friday and was set to record its fourth weekly drop in five after debate between the U.S. President Barack Obama and House Republicans failed to find an agreement over the new debt limit avoiding the country's default. WTI for settlement in November fell 73 cents to $102.28 a barrel on the NYMEX and was
Treasuries declined on Friday falling from the strongest levels this week amid speculations that negotiations over the new debt ceiling in Washington may result in raising the debt limit in time avoiding the technical default. The benchmark 10-year government bonds were little changed at 2.68%, while the 2.5% security due in August 2023 was at 98 ½.
Performance of Chinese economy is set to improve this year compared to original estimates amid a notable pick up in the Q3 and it likely stays above 7% for the foreseeable future, the People's Bank of China Deputy Governor Yi Gang said on Thursday. Current economic growth of the country is forecast to record a 7.5% or 7.6% increase.
Germany's insolvency proceeding decreased in the first six months of this year from the same period in 2012, a report released by the Federal Statistical Office unveiled on Friday. According to the report, the country's local courts in the first half of 2013 reported total of 70,990 requests for the opening insolvency proceedings, while consumers accounted for 45,715 and enterprises
The Japanese Yen fell versus majority of its most-traded counterparts on Friday as local shares increased amid persisting shutdown in the U.S. as lawmakers failed to find an agreement on the new debt limit curbing demand for Yen as a refuge. Yen weakened 0.2% to 98.33 per U.S. Dollar at 8:55 a.m. in London after it dropped 1.5% three days
China's shares increased on Friday pushing the benchmark area index to the biggest weekly gain in one month after a report showed that car sales in the country exceeded forecast sending the SAIC Motor Corp., the nation's largest carmaker, to the highest level in four months. The Shanghai Composite Index added 1.7% to 2,228.15 at the close and it rose
Asian equities rose on Friday climbing to the strongest level in a three-week period as investors stayed optimistic after yesterday's progress in debt ceiling debates as U.S. lawmakers concern a short-term increase of the debt limit. The MSCI Asia-Pacific shares outside Japan advanced 1.2% touching the highest level since September 19.
Japan's M2 money stock stayed unchanged in the month of September matching economists' expectation, a data released by the Bank of Japan revealed on Friday. Japanese M2 money stock was up 3.8% worth 850.8 trillion yen in September, the same level recorded in the previous month, while the M3 money stock was up 3.1% worth 1,161 trillion yen.