Auckland remains world's third-best city for quality of living
Gold moves lower as the dollar and rates go higher
Pedestrian killed by autonomous vehicle
(NYSE:ORCL) Position Cut by Capital Investment Advisors LLC
European Central Bank may start tweaking policy message in early 2018
13 January 2018, 06:34 | Joann Bryant
MONEY This GBP EUR Chart let’s you see the pair’s currency rate history
Gold contracts for February in the USA increased by 0.2 percent to stand at $1,322.50 an ounce. In the meantime, the Platinum Group Metals continued to move in opposite directions. It indicated that the bank may look to changing its language towards monetary policy in early 2018. The ECB is going to start preparing the way for this in the months ahead, assuming the euro zone economic recovery stays on track.
Reflecting on how Eurozone data will affect the exchange rate, John added: "The Eurozone's increasingly brisk growth rate, the European Central Bank is still deeply concern about inflation and the stubbornly low pace of wage rises".
Germany's 10-year bond yield hit its highest level since an October European Central Bank meeting, when policymakers first announced the extension of its bond-buying scheme. The biggest euro area economy has expanded for the eighth year in a row.
Out of the U.S., the most important release will pertain to initial and continued jobless claims data for the previous week due at 1330 GMT. The measure tends to exhibit greater volatility during the holidays, leading to a muted reaction from the markets.
ASIAN SCORECARD: Japan's benchmark Nikkei 225 index lost 0.2 percent to close at 23,653.82, pressured by the yen's recent strength, while South Korea's Kospi advanced 0.3 percent to 2,496.42. This was the biggest annual increase in PPI in the States since 2011 and bolsters the case for central banks to tighten monetary policy. The Australian dollar climbed to 0.7912 dollar from 0.7893 dollar. The greenback was primarily weighed down by the stronger euro. Stock futures pointed 0.15% lower on Wall St while shares in Europe and Asia fell modestly.
A robust USA inflation report boosted Treasury yields. This has meant that the European Union has, in large part, played a "helper" role in USA financial hegemony throughout the postwar era to today. Treasury yields dipped, easing fears of a bear market for bonds, while the S&P 500 index clocked its seventh gain in eight days to close at a record high. It skidded over 11 percent in the previous session after the government of South Korea, a crucial source of global demand for cryptocurrency, said it was considering a plan to ban cryptocurrency trading. Regulators are concerned that speculation is becoming rampant and threatening the stability of exchanges and financial institutions.
In commodities, oil prices rose for a sixth day after Russia's oil minister said that global crude supplies were "not balanced yet", alleviating market concerns about a wind-down of the OPEC-led deal to reduce production. Receipts are expected to add 0.5 percent from the prior month, marking a slight slowdown from the prior month but registering near the trend average.
French and Spanish Consumer Price Index (CPI) data from December is due for publication on Friday but Euro traders are more likely to wait for next week's German and Eurozone inflation stats before making any moves on the shared currency.
Djokovic fears Nadal and Fed in Melbourne
Halep, the top seed for the women (and who has yet to win a Grand Slam title) will open against Destanee Aiava. Nadal will be the top seed, ahead of Roger Federer and young guns Grigor Dimitrov and Alexander Zverev .
Pregnant Kylie Jenner reported to be in labour
What is going on with Kylie? Kylie is now in labor, thank you Travis for confirming the rumor I spread as if it were my own child. It is also possible that she has been filming for upcoming episodes of " Keeping Up With the Kardashians ", but you never know.