Gold Set for Largest Monthly Fall in Two Years as Dollar Gains

Gold held declines, heading for its biggest monthly drop in two years as the U.S. economy expanded at a faster pace in the second quarter, bolstering expectations of a rate rise this year and boosting the dollar. Bullion for immediate delivery was little changed at $1,089.29 an ounce at 8:36 a.m. in Singapore, according to Bloomberg generic pricing. It’s down 7.1 percent this month after last week falling to $1,077.40, the lowest since...

Dollar Rises to Four-Month High as U.S. Economy Gains Strength

The dollar surged to a four-month high as a report showed the U.S. economy grew in the first half of the year, a day after the Federal Reserve took a step closer to raising interest rates. The U.S. currency strengthened against all of its 16 major peers as data showed the world’s biggest economy expanded at a faster pace in the second quarter and eked out a gain at the start of the year. The Bloomberg Dollar Spot Index, which tracks...

Asian Stocks Gain, Paring July Loss, Ahead of China Factory Data

Asian stocks rose as investors weighed earnings reports in Japan ahead of manufacturing data that may provide a clue to the strength of China’s economic growth. The MSCI Asia Pacific Index gained 0.2 percent to 141.08 as of 9:07 a.m. in Tokyo. The gauge is on course to decline 0.9 percent this week and 3.5 percent in July, which would be its worst monthly drop this year. China discloses July factory output on Saturday, after a private...

Japanese Stocks Rise as Investors Await Busiest Day of Earnings

Japanese stocks rose, with the Topix index set to cap a monthly increase, as investors await company results on the busiest day in the earnings season. Shippers and refineries led gains. The Topix index climbed 0.2 percent to 1,650.72 as of 9:02 a.m. in Tokyo, headed for a weekly loss of 0.3 percent and a gain of 1.2 percent in July. The Nikkei 225 Stock Average lost 0.2 percent to 20,488.75. More than 300 companies in the Topix will...

U.S. Stocks Little Changed as Mondelez Offsets Facebook, P&G

U.S. stocks were little changed as better-than-estimated earnings from Mondelez International Inc. helped offset results that disappointed from Facebook Inc. and Procter & Gamble Co. The Standard & Poor’s 500 Index increased less than 0.1 percent to 2,108.75 at 4 p.m. in New York, after falling as much as 0.6 percent. The gauge rebounded above its average prices during the past 50 and 100 days. A report today showed gross domestic...

Dollar Rises Near 4-Month High as Fed Moves Toward Raising Rates

The dollar rose to almost a four-month high after the Federal Reserve moved a step closer to raising interest rates amid improvements in the labor market. The Bloomberg Dollar Spot Index, which tracks the currency versus 10 of its major peers, rose 0.3 percent to 1,207.66 at 5 p.m. in New York. The gauge climbed to 1,212.78 on July 24, the highest level since March. The dollar is up 7.7 percent this year among 10 developed-nation currencies...

Oil Climbs Most in Three-Weeks After U.S. Crude Supplies Decline

Oil advanced the most in three weeks in New York after U.S. crude stockpiles unexpectedly decreased as production and imports declined. Inventories fell 4.2 million barrels last week, Energy Information Administration data show. An 850,000-barrel gain was forecast by analysts surveyed by Bloomberg before the report. Crude production declined to a two-month low. Imports of both crude and fuels slipped in the week ended July 24. Crude...

U.S. Stocks Gain Amid Earnings as Fed Says Jobs, Housing Improve

U.S. stocks rallied for a second day, as earnings topped forecasts and the Federal Reserve said the labor and housing markets are improving. The Standard & Poor’s 500 Index rose 0.7 percent to 2,108.47 at 4 p.m. in New York, after climbing above its average prices during both the past 50 and 100 days. The labor market “continued to improve, with solid job gains and declining unemployment,” the Federal Open Market Committee said...

U.S. Equities Advance Amid Earnings Reports Before Fed Decision

U.S. stocks advanced, after equities’ biggest gain in two weeks, amid better-than-estimated results from Gilead Sciences Inc. to General Dynamics Corp. before the Federal Reserve’s decision on monetary policy. Gilead gained 3.3 percent as quarterly results exceeded estimates and it raised its sales forecast. General Dynamics and Northrop Grumman Corp. jumped more than 4.7 percent after the defense contractors lifted their profit outlooks....

European Stocks Advance for Second Day on Earnings, M&A Boost

European stocks had their biggest two-day gain in two weeks as companies from Bayer AG to PSA Peugeot Citroen reported better-than-estimated earnings and deals activity intensified. Bayer and Peugeot rose more than 3.9 percent. GlaxoSmithKline Plc climbed 3.5 percent after the U.K.’s biggest drugmaker posted second-quarter profit that declined less than analysts had estimated. Barclays Plc added 1.8 percent and Numericable-SFR SAS added...

USD/JPY: Bulls fighting for control post Japan’s retail sales

The US dollar remains better bid versus its Japanese counterpart in early moves, with USD/JPY heading towards previous highs, as the yen remains undermined despite the latest Japan’s retail sales figures coming in a touch better than market forecasts. USD/JPY little changed post Japan’s data Currently, the USD/JPY pair trades flat at 123.58, supported above key 123.50 levels. USD/JPY is seen struggling near the mid-point of the 123...

Dollar Rises Versus Yen as Easing China Rout Lifts Risk Demand

The dollar rose for the first time in four days versus the yen as a selloff in Chinese stocks and commodities slowed, lifting demand for riskier assets. The greenback gained against the euro as U.S. stocks and yields on government bonds climbed as the Federal Reserve holds a two-day meeting to consider raising interest rates. The dollar rose 0.3 percent to 123.56 yen as of 5 p.m. in New York, and gained 0.3 percent to $1.1060 per euro....

Japanese Stocks Rise Amid Signs China Stabilizing Ahead of Fed

Japanese stocks rose for the first time in four days after signs of stability in Chinese markets triggered a rebound in global equities as investors await a Federal Reserve update on U.S. monetary policy. The Topix index climbed 0.5 percent to 1,637.23 as of 9:01 a.m. in Tokyo, with all but four of its 33 industry groups rising. The Nikkei 225 Stock Average added 0.4 percent to 20,408.54. The MSCI All Country World Index snapped a five-day...

Saham Asia Naik Untuk Pertama Kalinya di Enam Hari Terakhir

Saham Asia naik untuk pertama kalinya dalam enam hari terakhir, setelah naiknya saham AS dan Eropa, karena investor menunggu data terbaru terkait kebijakan moneter dari Federal Reserve. Indeks MSCI Asia Pacific Index naik 0,4% menjadi 140,85 pada 09:02 pagi di Tokyo. Laba yang lebih baik dari estimasi pada Pfizer Co Ford Motor Co serta akksi merger antara perusahaan-perusahaan Eropa memicu reli di luar Asia pada Selasa, dengan indeks...

U.S. Stocks Halt Worst Slide Since January on Earnings, China

U.S. stocks rose, ending their longest losing streak since January, amid better-than-forecast earnings and as Chinese equities pulled back from a selloff. The Standard & Poor’s 500 Index increased 1.2 percent to 2,093.26 at 4 p.m. in New York, as the gauge climbed to its average price during the past 100 days. Chinese equities lost 1.7 percent today, after sinking as much as 5.1 percent. Shares tumbled 8.5 percent Monday amid...

Dollar Retreats From Four-Month High Before Feds Announcement

The dollar retreated following its longest weekly rally of 2015 as a selloff in stocks and commodities fueled concern global growth will sag as the U.S. considers raising interest rates. The U.S. currency weakened against most major peers amid renewed questions about whether the U.S. faces enough inflation pressure to warrant an increase in borrowing costs. The Federal Reserve meets this week to consider when to tighten monetary policy...

Gold Near Five Year Low as Investors Take First Net-Short Position

Gold traded near a five-year low as speculators were net-short the metal for the first time ever. Bullion for immediate delivery slipped 0.4 percent to $1,094.92 an ounce at 2:35 p.m. in New York, according to Bloomberg generic pricing. The shift in New York gold futures and options came as speculators increased their bearish wagers to the highest since the U.S. government data begins in 2006. Prices sank 3.1 percent last week, the...

Asian Stocks Fall as China Rout Triggers Drop in Global Equities

Asian stocks dropped after a rout in Chinese equities drove global shares lower. The MSCI Asia Pacific Index declined 0.7 percent to 139.94 as of 9:04 a.m. in Tokyo, extending its five-day fall to 3.7 percent. The Shanghai Composite Index plunged the most in eight years on Monday, intensifying concern government efforts to prop up shares are unsustainable. The turmoil bolstered speculation the Federal Reserve will keep U.S. interest...

Japanese Stocks Follow Global Equities Lower After Chinese Rout

Japanese stocks fell after a rout in Chinese markets drove global equities lower, damping investor demand for firms that rely on China for sales. The Topix index lost 1 percent to 1,621.82 as of 9:01 a.m. in Tokyo, with all but two of its 33 industry groups falling. The Nikkei 225 Stock Average declined 0.8 percent to 20,179.93. The yen rose the most in nearly three weeks after the Shanghai Composite Index sank 8.5 percent The biggest...

U.S. Stocks Drop After China Shares Selloff on Growth Concern

U.S. stocks fell, with equities posting their longest losing streak since January, after the biggest slump in eight years for Chinese shares amid concern over the nation’s economic growth. The Standard & Poor’s 500 Index slid 0.6 percent to 2,067.85 at 4 p.m. in New York, after touching its average price during the past 200 days. The S&P 500 has declined for four weeks out of five, and closed Monday 3 percent away from its...

EUR/USD hovers around 1.1000 – key levels

The shared currency extends its upward trajectory into a fifth day versus the US dollar in mid-Asia, pushing EUR/USD to fresh session highs above 1.10 handle. The major is seen picking up pace on the back of broad based US dollar weakness as weak US home sales data continue to weigh on the greenback. EUR/USD rises from 1.0971 The EUR/USD pair trades 0.18% higher at fresh session highs of 1.1005, finally reclaiming 1.10 handle. The...

Minyak Tahan Penurunan Ditengah Meningkatnya Aktifitas Pengeboran Di AS

Minyak tahan penurunan memasuki bear market terkait reboundnya pengeboran minyak AS menambahkan tanda-tanda bahwa produsen akan terus memproduksi minyak mentah ditengah melimpahnya pasokan global. Minyak berjangka sedikit berubah di New York setelah mencatat penurunan 5,4% pekan lalu. Jumlah rig minyak naik 21 hingga 659, kenaikan mingguan ketiga bulan ini, menurut Baker Hughes Inc Spekulan memangkas posisi net-long pada minyak mentah...

Topix Declines Amid Commodity Slump Ahead of Japan Earnings

Japanese stocks fell as a commodities slump deepened and poor earnings in the U.S. heightened investor concerns ahead of the start to Japan’s earnings season. Hitachi High-Technologies Corp. sank 9 percent after operating profit shrank. SMC Corp. fell 2.3 percent after Barclays Plc lowered its rating on the industrial-parts maker. Shippers led gains on prospects for lower fuel costs and as the Nikkei newspaper reported first-quarter...

Chinese Stocks Decline for Second Day Amid Signs of Weak Growth

China’s stocks fell for a second day, led by technology and industrial companies. The Shanghai Composite Index retreated 1.5 percent at 9:34 a.m. local time, extending Friday’s 1.3 percent decline. The Hang Seng China Enterprises Index slumped 1.8 percent, heading for its lowest close since July 8. Profit at China’s industrial companies dropped 0.3 percent in June from a year earlier, the statistics bureau said Monday, after data Friday...

Chinese Stock-Index Futures Drop Before Industrial Profits

Indeks saham berjangka China turun sebelum dirilisnya laba perusahaan industri mereka. Indeks CSI 300 berjangka untuk pengiriman Agustus menurun 1,8 persen pada 09:17 pagi waktu setempat. Indeks Shanghai Composite turun 1,3 persen menjadi 4,070.91 pada Jumat kemarin, memangkas  kenaikan  minggu kemarin sebesar 2,9 persen. Sementara Indeks  Hang Seng China Enterprises juga turun sebesar 1,3 persen pada Jumat lalu. Keuntungan...

Oil Trades Near Three-Month Low as U.S. Crude Storage Hub Swells

Oil traded near the lowest price in three months after U.S. government data showed crude supplies at the nation’s biggest storage hub increased the most since April. Futures were little changed in New York after falling 3.1 percent on Wednesday, the most since July 6. Stockpiles at Cushing, Oklahoma, the delivery point for U.S. benchmark oil, rose for a third week through July 10, according to the Energy Information Administration....

Dollar Bulls Accelerate Charge as Yellen Provides Rates Spur

The dollar headed for its longest stretch of weekly gains since March after Federal Reserve Chair Janet Yellen reiterated the U.S. is on track to raise interest rates this year. The U.S. currency was set for its biggest weekly gain in almost two months versus the euro after the Greek parliament voted to accept further austerity required for a new bailout, clearing one obstacle to higher U.S. borrowing costs. The...

Asian Stocks Rise as Greek Lawmakers Approve Austerity Measures

Asian stocks rose after Greek lawmakers passed a bailout agreement that keeps the country in the euro for now as the European Central Bank weighs whether to pump more money into Greece. The MSCI Asia Pacific Index gained 0.2 percent to 143.71 as of 9:03 a.m. in Tokyo. Greece’s parliament endorsed the bailout without the support of Prime Minister Alexis Tsipras’s Syriza bloc, as riot police tussled with protesters outside. The new austerity...

Topix Climbs as Greece Approves Bailout, Investors Weigh Yellen

Japan Topix index rose as Greek lawmakers passed a bailout agreement that keeps the country in the euro and investors weighed comments from Federal Reserve Chair Janet Yellen on the timing of rate increases. The Topix climbed 0.5 percent to 1,654.80 as of 9:01 a.m. in Tokyo, headed for a fifth day of gains. The Nikkei 225 Stock Average advanced 0.6 percent to 20,592.59. The yen fell 0.1 percent to 123.89 per dollar after weakening 0.3...

U.S. Stocks Slip as Greek Debates Debt; Bonds Rise, Loonie Falls

U.S. stocks halted the longest rally since January as protesters clashed with police in Athens while Greece’s parliament debated a bailout package. Treasuries rose as comments from the Federal Reserve fueled speculation interest rates won’t rise rapidly this year. The Standard & Poor’s 500 Index fell 0.1 percent at 4 p.m. in New York. The gauge traded little changed for most...

Oil Gains a Second Day as Return of Iranian Crude Seen Gradual

Oil rose a second day amid speculation Iran’s export increase will be gradual after it agreed to limit its nuclear program, curbing prospects a global glut may worsen. Futures advanced as much as 0.9 percent in New York. Iran may boost exports by 200,000 to 400,000 barrels a day in 2016 and production will likely expand the following year, according to Goldman Sachs Group Inc. Israeli Prime Minister Benjamin Netanyahu condemned the...

Gold Steady as Investors Assess Prospects for Higher U.S. Rates

Gold fluctuated between gains and losses as investors await Janet Yellen’s testimony to assess the outlook for U.S interest-rate increases. Bullion for immediate delivery rose and fell 0.1 percent, and traded at $1,156.18 an ounce at 8:37 a.m. in Singapore, according to Bloomberg generic pricing. The metal retreated for a second day to close at $1,156.06 on Tuesday. Gold has declined 2.4 percent this year as speculation that the U.S....

Japan Shares Climb Before BOJ Decision as Instrument Makers Gain

Japan’s Topix index rose for a fourth day, following U.S. equities higher, as investors awaited a Bank of Japan policy decision. Precision-instrument and drug makers led the advance. The Topix added 0.5 percent to 1,647.03 as of 9:18 a.m. in Tokyo after climbing 3.7 percent the previous three days. The Nikkei 225 Stock Average rose 0.5 percent to 20,482.44. The Standard & Poor’s 500 Index advanced for a fourth day on Tuesday as...

Indeks Saham Asia Meningkat Jelang Rilis Data China

Saham Asia naik menjelang rilis data ekonomi China, mengirim indeks regional bersiap untuk mencatat penguatan terpanjang sejak April lalu di tengah rebound di pasar saham global. Obligasi dan minyak naik, sementara gandum dipimpin penurunan indeks berjangka. Indeks MSCI Asia Pacific naik sebesar 0,4 persen pukul 09:21 di Tokyo, ditetapkan untuk penutupan tertinggi sejak 3 Juli lalu seiring indeks saham dari Jepang hingga Korea menguat...

U.S. Stocks Gain for Fourth Day as Chipmakers, Biotech Advance

U.S. stocks posted for their first four-day winning streak since January, as semiconductor and biotechnology shares rallied while weaker-than-expected retail sales spurred speculation on timing for higher interest rates. The Standard & Poor’s 500 Index rose 0.4 percent to 2,108.86 at 4 p.m. in New York, with the gauge surging above its average price during the past 50 days and closing at a three-week high. A report today showed...

Gold Holds Drop as Greek Deal Shifts Focus to Fed’s Rate Timing

Gold held a drop after Greece reached a deal with creditors that could pave the way to a new bailout, damping demand for the metal as a haven asset and shifting investors’ focus to the probable timing of a U.S. interest-rate increase. Bullion for immediate delivery was at $1,156.88 an ounce at 7:35 a.m. in Singapore from $1,157.98 a day earlier, according to Bloomberg generic pricing. The metal declined as much as 1.1 percent on Monday...

Gold Drop a Third Day on Greece Bailout Deal, Fed Rate Outlook

Gold fell for a third straight session after Greece secured a deal paving the way to a new bailout and as investors weighed the timing of a U.S. interest-rate increase. Gold futures for delivery in August fell 0.2 percent to settle at $1,155.40 an ounce at 2:04 p.m. on the Comex in New York. The Bloomberg Dollar Spot Index, a gauge of the greenback’s strength against 10 major currencies, climbed as much as 0.7 percent, reducing the...

Japan Shares Rise Third Day as Yen Falls on Greece Bailout Deal

Japanese stocks rose a third day as the yen weakened to an almost two-week low amid optimism over Greece bailout. Insurers led gains on the Topix index. The Topix climbed 1.5 percent to 1,637.02 as of 9:01 a.m. in Tokyo after jumping 1.9 percent on Monday for its biggest advance this year. The Nikkei 225 Stock Average added 1.3 percent to 20,347.96. The yen slid 0.1 percent to 123.59 per dollar after falling 0.5 percent yesterday. Greek...

U.S. Stocks Rally After Greece Reaches Agreement With Creditors

U.S. stocks rose, with the Standard & Poor’s 500 Index posting its best three-day rally this year, after Greece reached an agreement with its creditors. The S&P 500 added 1.1 percent to 2,099.52 at 4 p.m. in New York, closing near its average price during the past 50 days after the gauge earlier surged above its 100-day moving average for the first time this month. Greek Prime Minister Alexis Tsipras surrendered to European...

Portugal, Italy Lead Biggest European Stock Rebound Since 2011

European stocks extended their biggest rally since 2011, with benchmark gauges of Portugal and Italy surging more than 10 percent in four days, as Greece and its creditors reached an agreement paving the way for a new bailout. The Stoxx Europe 600 Index rose 2 percent to 396.46 at the close of trading in London, taking its four-day increase to 6.4 percent. Portugal’s PSI 20 Index advanced 1.8 percent, and Italy’s FTSE MIB Index climbed...

Oil Extends Decline as Iran Nuclear Deal Seen Exacerbating Glut

Oil extended its decline after its biggest weekly drop since March as investors weighed the prospects of Iran increasing crude exports in an oversupplied market. Futures dropped as much as 1.8 percent in New York after capping a 7.4 percent loss through July 10. Iran and world powers may announce a nuclear deal as soon as Monday after a political agreement was reached to lift...

Hong Kong Stocks Open 0.77 % Lower

Shares in Hong Kong slipped 0.77 percent in the first few minutes Monday after surging almost six percent at the end of last week as investors await the resumption of trade in Shanghai, which is witnessing severe volatility. The Hang Seng Index eased 191.70 points to 24,709.58. Source : AF...

Shanghai Composite Set to Open Higher as Margin Bets Increase

The Shanghai Composite Index is poised to open higher before trade data as traders increased margin bets for the first time since last month and more companies prepared to resume trading. The benchmark index climbed 1.1 percent to 3,918.99 at 9:27 a.m. Futures on the CSI 300 Index expiring in July, the most active contract, gained 0.1 percent. The Shanghai index climbed 4.5 percent to 3,877.80 on Friday, capping a 5.2 percent gain last...

Asian Stocks Advance as Investors Weigh Progress in Greece Talks

Asian stocks rose, with the regional index on course for a third day of gains, as investors weighed negotiations between European leaders and Greece. The MSCI Asia Pacific Index added 0.4 percent to 141.63 as of 9:10 a.m. in Tokyo after dropping 3.7 percent last week. E-mini futures on the Standard & Poor’s 500 Index retreated 0.5 percent, while Japan Topix index added 1.1 percent as the yen pared earlier gains. Euro-area leaders...

Gold Rises for Second Day as Economic Woes Ease Fed Rate Concern

Gold rose a second day, extending a rebound from a three-month low, on speculation that economic risks from China and Greece will prompt the Federal Reserve to delay raising U.S. interest rates. All but one member of the Federal Open Market Committee “indicated that they would need to see more evidence that economic growth was sufficiently strong” before raising rates, Fed minutes released Wednesday showed. Higher rates curb bullion’s...

Gold Rises for Second Day as Economic Woes Ease Fed Rate Concern

Gold rose a second day, extending a rebound from a three-month low, on speculation that economic risks from China and Greece will prompt the Federal Reserve to delay raising U.S. interest rates. All but one member of the Federal Open Market Committee “indicated that they would need to see more evidence that economic growth was sufficiently strong” before raising rates, Fed minutes...