Canadian Dollar strengthened for the first day out of last nine as the Fed of Richmond President Lacker stated that he predicts U.S. economy to stay unstable for two more years. The Canadian currency gained 0.4% to C$1.0470 per U.S. Dollar as of 5 p.m. Toronto time; moreover, it reached C$1.0556 per U.S. Dollar June 24, the weakest since October
The British currency was little changed versus the U.S. Dollar and the 17-nation currency ahead of a report that could confirm that U.K.'s economy grew in the first quarter, according to analysts. The Sterling was at $1.5328 at 7:34 a.m. in London after slipping to $1.5298 on Wednesday, the weakest since June 5. The British Pound traded at 85.04 pence
Japanese stocks rose today as U.S. growth data fell short of expectations and led investors to speculate that the Fed will not end its stimulus earlier. The Japanese Topix index rose 2.8% to 1,098.83 today, however, the index is still 14% below its high achieved on May 22. The Topix index of real estate companies increased 8.8%, which is the
The Australian Dollar jumped on Thursday against the greenback as Asian stocks recovered 1.6% and indicated possible stabilization after a decrease earlier this week. However, some investors worry about credit crunch in China, which might not allow the Aussie to rise further. The Australian currency rose 0.4% against the U.S. Dollar to 0.9314.
The U.S. Dollar dropped today against 14 out of 16 main peers before the Fed's policy makers will make their speeches today about the future of the central bank's QE. The greenback fell 0.2% to 1.3033 per Euro today after reaching the highest point of 1.2985 since June 3 yesterday. The currency rose marginally against the Yen from 97.72 yesterday
Asian stocks rose after the U.S. authorities revised Q1 growth downwards, which lead investors to believe that the Fed will not end its QE earlier. Improved situation in China's money markets also contributed to the rise. The MSCI shares outside Japan increased 1.8% today after increasing 1.9% yesterday. Shanghai stocks rose 1.2%, while the Nikkei index jumped 2%.
The Vietnamese economy grew faster in Q2 compared to the growth in Q1. Central bank's efforts to revive lending by cutting interest rates and increasing foreign investment were responsible for the acceleration, while the legislature voted to lower corporate tax rate to further help the businesses. GDP rose 5% this quarter compared to growth a year ago, while it expanded
The Loonie weakened versus almost all of its most-traded peers on reports that showed growth in the U.S. economy, increasing speculations that the Fed could reduce stimulus. The Canadian Dollar dropped 0.1% to C$1.0515 per U.S. Dollar as of 5 p.m. Toronto time, while Canadian government bonds declined 0.05 percentage points to 2.54%.
The Sterling remained unchanged versus the U.S. Dollar and the shared currency as the Chancellor of the Exchequer George Osborne will lay out his spending review to the parliament, covering the 2015 - 2016 financial year. The Sterling was flat at 1.5433 against the Dollar and was at 84.72 versus the 17-nation currency.
The Japanese Yen advanced versus most of its major counterparts as demand for refuge assets was fueled by fall in Chinese stocks for six days in a row. The Japan's currency climbed 0.3% to 97.52 against the U.S. Dollar and jumped 0.3% to 127.49 versus the 17-nation currency, adding to signs the Yen has declined 7% this year.
The PBOC announced it would ensure the stability in the money market, the first public announcement of its determination to ease the crunch after it occurred last week. The reluctance to intervene resulted in CSI 300 Index entering bear market on June 24. The Shanghai Composite Index fell 0.2% at the end of the day after dropping 5.8%.
Indian bond prices dropped, sending yields to the highest level in six weeks amid speculations that the weaker Rupee will limit central bank's ability to cut rates further, which now stand at 7.25%. The currency decreased 0.2% as investors bought the U.S. Dollar after data indicated positive outlook for the economy. The yield increased 0.23 percentage points so far this
Palm oil prices declined to the lowest point in three weeks amid speculations that China's economic growth might slow down. China is the second largest palm buyer after India. The selling was triggered by a credit crunch, which resulted in interbank rates rising to record high last week. September delivery contract lost 1.3% and trades at $745 a metric ton.
The Philippine Stock Exchange Index jumped 5% so far today after plummeting around 20% as of yesterday since the gauge reached its highest value on May 15; the drop resulted in $65 billion of lost shares value. The index currently stands at 6,075.67. It stood at 16.1 times earning of 12 months, the lowest value since it reached 20.8 times
Refined sugar advanced to the highest level in three months in London amid bets on limited supplies that may be delivered to the NYSE Liffe when the August contract expires in July, while coffee climbed. The August white sugar contracts increased 1.3% to $517.50 per ton. Raw sugar for settlement in October inched up 0.8% to 17.28 cents per pound.
Spanish and Italian bonds gained for the first time in four days on bets the ECB will keep its monetary policy even though U.S. talked about winding down its stimulus. Spanish 10-year yields fell 10 basis points to 5.02% as of 10:56 a.m. in London, after reaching 5.13%, the highest in approximately three months, while similar-maturity Italian bonds dropped five
Oil advanced to $102 per barrel on Tuesday, recovering from the lowest level in three weeks, as investors fears about a cash crunch in China and as Canadian pipeline closure threatened overseas sales to the United States. Brent crude rallied to $101.80 per barrel, following a decline to the lowest level in three weeks of $99.67 yesterday. U.S. oil jumped
Chinese shares dropped, extending their fall into a bear market on worries that the increased money-market rates will negatively impact China's economy. The Shanghai Composite Index slipped 1% to 1,942.99 at 10:14 a.m. Shanghai time and the CSI 300 slid 1.5% to 2,171.21. These equity-benchmarks had their biggest declines on Monday since August 2009. The Hang Seng China Enterprises Index
European shares jumped from the weakest level in six months and U.S. equity-index futures rallied ahead of data that may signal that America's economy is recovering. Bonds advanced and metals inched up. The Stoxx Europe 600 Index rose 1.3% to 279.36 and the Standard & Poor''s 500 Index futures soared 0.6%.
U.S. shares futures gained, indicating the Standard & Poor's 500 Index will bounce off the lowest level in nine weeks, as the China's central bank will hold money-market rates at normal levels. S&P 500 futures expiring in September added 0.5% to 1,573.7 as of 10:36 a.m. London time, after a 2.1% slide previous week.
Shares in Switzerland gained, bouncing off the biggest selloff for three straight days in almost two years, after two of Fed's presidents stated that U.S. policy still is accommodative. The Swiss Market Index advanced 1% to 7,324.36 as of 10:59 a.m. Zurich time; the equity-benchmark had fallen 6.2% in the last three trading days, while the Swiss Performance Index added
U.K. shares advance, bouncing off the biggest four-day fall in more than a year and a half, as U.S. housing data are awaited and on China's cash crunch worries. The benchmark FTSE 100 Index added 0.5% to 6,060.31 as of 8:57 a.m. London time, recovering from a 5.4% drop in the last four days; moreover, the equity benchmark is headed
German shares gained, bouncing off the lowest level in eight weeks, ahead of U.S. housing and durable goods orders reports. The DAX added 0.9% to 7,764.08 as of 9:43 a.m. in Frankfurt, recovering from the lowest level in two months; however, the gauge declined 4.2% previous week, reversing its advance for the quarter. The HDAX Index gained 1.1% today.
Asian shares slid on worries that China's cash crunch could hurt its economy. The MSCI Asia Pacific Index declined 0.5% to 125.19 at 4:24 p.m. Tokyo time, erasing gains of 0.5%, while China's CSI 300 Index slipped 0.3%, prolonging 5-day losses. Japan's Topix fell 1%, while the Nikkei 225 Stock Average dropped 0.7%.