U.S. Import Prices Unexpectedly Decrease In May
With prices for fuel imports seeing a significant decrease, the Labor Department released a report on Thursday showing an unexpected drop in U. news.instaforex.com »
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With prices for fuel imports seeing a significant decrease, the Labor Department released a report on Thursday showing an unexpected drop in U. news.instaforex.com »
Retail sales in the U. S. rose by slightly more than expected in the month of May, according to a report released by the Commerce Department on Thursday, with auto sales showing a notable increase. news.instaforex.com »
UK's economy remains vulnerable to risks despite recent economic data indicating a strong pick up in activity, Bank of England policymaker Paul Fisher said Wednesday. He cautioned that growth will likely remain weak in the near term and the economy will take a longer time to recover than the United States.
Dismissing the recent positive economic data as insignificant, BoE's head of markets noted that it is imperative to keep monetary policy loose for a long period to achieve growth that is in line with trend.
Fisher said that the macroeconomic outlook in the U.K. is not as good as in the U.S, where inventors had belatedly realized that a recovery is possible.
Addressing a gathering of business persons, Fisher said that house prices in the U.K. are too high and urged lenders to pass on their lower funding costs on to clients. Terming the government's Funding for Lending scheme a success, he called for actions conducive to increase the number of transactions in order to raise demand.
In an interview given to The Times earlier the policymaker reserved his comment on his stance on BoE governor Mervyn King's proposal to split the Royal Bank of Scotland (RBS) into a "good" bank and a "bad" bank. He said that it is possible to privatize the RBS if a two-year program is prepared for the same.
Employment in the U. S. increased by a little more than economists had anticipated in the month of May, according to a report released by the Labor Department on Friday. news.instaforex.com »
Unemployment in Japan remained flat in April.
Japan's Ministry of Finance reported Friday that the national jobless rate was 4.1 percent, unchanged from March.
The data matched the expectations of most economists.
the labor force participation rate improved in April, rising to 59.6 percent compared to the March reading of 58.9 percent.
The job-to-applicant ratio also improved slightly, moving to 0.89 from the March reading of 0.86.
The Ministry also announced that Household Spending in Japan increased 1.5 percent in April, compared to the March rise of 5.2 percent.
Japan's inflation rate remained stable in April.
The Ministry of Finance reported Friday that the national core consumer price index rose 0.3 percent in April, matching the 0.3 percent rise in March.
for the full year to April, Core CPI was down 0.4 percent.
Overall CPI was up 0.3 percent on month and down 0.7 percent on year, the Ministry said.
For the Tokyo metropolitan region, overall CPI was down 0.2 percent on month.
Tokyo core CPI was up 0.1 percent on month.
Mexico's merchandise trade balance turned to a deficit in April as shipments increased at a notably slower rate than imports, data released by statistical office INEGI showed Monday.
The balance of trade was a deficit of $1.23 billion in April, compared to the $419 million surplus recorded a year earlier.
Export of goods increased 6.4 percent annually to $32.86 billion in April. Shipments of non-oil products advanced 7.7 percent from a year earlier, while oil exports decreased by 1.7 percent.
At the same time, merchandise imports climbed 11.8 percent annually to $34.09 billion during the month. The upturn was driven by a 14.3 percent spike in oil imports and an 11.5 percent gain in arrivals of non-oil commodities.
On a monthly basis, the value of exports and imports decreased 2.22 percent and 0.54 percent respectively in April, the agency said.
In the January-April period, exports edged up 0.6 percent from the corresponding period a year earlier, while imports advanced by 4.3 percent.
U.K. house prices increased the most in six years as widening supply and demand gap lifted asking prices in London, a survey conducted by Hometrack revealed Monday.
House prices in England and Wales advanced 0.4 percent in May from a month ago, which was the biggest increase since May 2007.
In London, prices surged 0.9 percent, followed by a 0.5 percent increase across the South-east. According to the property analysts, demand over the last six months increased 15 percent in London, while supply dropped 0.6 percent.
"The impetus for rising house prices is originating almost exclusively from London and the South East," Director of research at Hometrack, Richard Donnell said.
"Elsewhere, housing market conditions are improving gradually."
A property market survey by Rightmove revealed on May 20 that house prices increased for the fifth consecutive month in May, pushing the average asking prices to a record. Cheap money and more positive mood released pent-up demand.
The 9.1 percent year-to-date increase was the strongest price start to a year since 2004, Rightmove said.
Recent house price data signals that the government's Help to Buy program as well as the Bank of England's Funding for Lending Scheme started to underpin recovery in the property market.
The recent Halifax survey also showed a revival in the residential property market helped by the low levels of mortgage payments in relation to income.
An indicator of Eurozone's private sector activity improved more than expected in May, renewing hopes that the economy is inching towards a recovery. Nonetheless, the indicator remained in negative territory, signaling sharp deterioration in overall business activity.
The composite output index, which measures the performance of the both manufacturing and service sectors, rose to a three-month high of 47.7 in May from 46.9 in April, flash results of a survey by Markit Economics showed Thursday.
Readings below 50 indicates contraction in activity. Economists had predicted an increase in the index to 47.2.
New orders across the private sector fell sharply again in May and for the twenty-second successive month. The rate of decline was unchanged from that seen in April, Markit said.
The modest improvement in May raises hopes that overall Eurozone economic activity is inching towards stabilization, said Howard Archer, Chief European and UK Economist at IHS Global Insight.
"It is worrying to see that the decline in new orders was unchanged at a significant level in May, so a seventh successive quarter of Eurozone GDP decline, albeit modest, remains very possible in the second quarter," Archer said.
The purchasing managers' index, a gauge of activity in the manufacturing sector, rose to 47.8 from April's score of 46.7. This was forecast to rise to 47. The manufacturing output index rose to a four-month high of 48.2 from 46.5 in April.
The services activity index edged up to 47.5 in May from 47 in the previous month, while expectations were for a modest increase to 47.2.
Eurozone's economic downturn eased in the first quarter with the gross domestic product falling at a slower pace of 0.2 percent quarter-on-quarter.
In May, the European Commission cut its economic forecast for euro area and said the economy will contract 0.4 percent in 2013. The economy is expected to start recovering from its record-long recession in 2014.
"May's euro-zone PMI survey adds to the recent run of slightly more encouraging news from the region, but there is little sign that the region is about to emerge from recession," said Ben May, an economist at Capital Economics.
Earlier in the month, the European Central Bank reduced the main refinancing rate by 25 basis points to a record low 0.50 percent to support the economy. ECB Chief Mario Draghi has said that the monetary policy will remain accommodative "as long as needed."
Markit said that the employment at Eurozone's private sector firms fell for the seventeenth consecutive month, with the rate of job losses rising to the highest since February.
The survey found strong divergences between the region's two largest economies. Business activity declined for a second successive month in Germany, but the downturn was only very marginal. Meanwhile, a steep rate of decline in French activity was reported in May.
Canada's retail sales were flat in March following 0.8 percent growth recorded in February, Statistics Canada said in a report on Wednesday.
The Canadian dollar edged lower against its major counterparts after the report. As of 8:35 am ET, the loonie was trading at 1.0309 against the greenback, 99.95 against the yen and 1.3329 against the euro.
Producer prices dropped 0. 7 percent in April, according to figures released Wednesday by the U. S. Department of Labor. The decline was spurred by a slide in energy prices. news.instaforex.com »
The shortfall in Indonesia's current account decreased significantly in the first quarter, data released by Bank Indonesia showed Wednesday.
The current account showed a deficit of $5.27 billion during the three months ended March, lower than the $7.65 billion deficit seen in the fourth quarter. In the first quarter of 2012, the balance was a deficit of $3.11 billion.
The surplus in the goods trade account increased to $1.64 billion in the first quarter from $0.8 billion in the final three months of 2012. The deficit in the services account dropped to $2.31 billion from $3.32 billion, while the shortfall in the income account decreased to $5.69 billion from $6.34 billion.
The current transfers account showed a surplus of $1.1 billion in the three months to March, compared to the $1.21 billion surplus seen in the preceding three-month period, data showed.
Spain's harmonized inflation fell to 1.5 percent annually in April from 2.6 percent in March, final data from the statistical office INE revealed Tuesday. The annual rate matched flash estimate published on April 29.
At the same time, consumer price inflation eased to 1.4 percent, in line with flash estimate, from 2.4 percent a month ago.
The cost of communication logged the biggest annual fall of 4 percent annually, followed by a 0.7 percent drop in transportation. All other sub-components of CPI registered increases, with health and education rising 13 percent and 10.4 percent, respectively.
Food and non-alcoholic beverages prices rose by a moderate 2.6 percent and clothing and footwear by 0.2 percent.
Month-on-month, the harmonized index of consumer prices edged up 0.1 percent in April. The consumer price index gained 0.4 percent again, as seen in March.
The Japanese currency extended previous session's uptrend across the board in early European deals on Tuesday as a fall in European equities prompted traders to flee from riskier assets to safe-haven yen.
The yen rose to 5-day highs of 154.96 against the pound, 100.97 against the Australian dollar, 83.84 against the NZ dollar, 4-day highs of 101.26 against the US dollar and 100.22 against the Canadian dollar around 3:45 am ET. The Japanese unit also advanced to a session's high of 131.59 against the euro and 106.18 against the Swiss franc around the same time.
On the upside, the yen may find resistance levels at 131.15 against the euro, 100.60 against the greenback, 153.80 against the pound, 105.80 against the Swiss franc, 100.40 against the aussie, 83.15 against the kiwi and 100.0 against the loonie.
Japan's Cabinet Office revised nominal gross domestic product, exports, imports and the deflator for the fourth quarter of last year after discovering errors in the way it adjusted the exports and imports for seasonal factors.
The Cabinet Office issued the revisions after Yoshiki Shinke, chief economist at Dai-Ichi Life Research Institute, published a report on Tuesday saying the data may have been incorrect, according to a government official.
The revisions do not change real GDP, exports or imports for the October-December period last year or other past data, the Cabinet Office said in a statement.
Still, the revisions were due to incorrect spreadsheet entries, the government official said. This could cast doubt on the reliability of the Cabinet Office, which also publishes closely-watched data on capital expenditure and consumer sentiment.
The Cabinet Office corrected nominal seasonally adjusted exports to show they fell 1.7 percent in the fourth quarter from the previous quarter, more than a 0.3 percent decline previously reported.
news.instaforex.com »
Business activity at the U.K.'s small and medium-sized enterprises was weaker than expected in the three months to April with both output and new orders declining, a survey by the Confederation of British Industry showed Tuesday.
According to the industry group's latest SME Trends survey, the decrease in total new orders was driven by falls in both domestic and export demand. Output also fell for the fourth consecutive quarter.
Despite the disappointing performance, optimism about the overall business situation has steadied, following three quarters of decline. Optimism about export prospects rose for the first time in a year, the survey report said.
Employment in the sector ticked up in the three months to April, and manufacturers expect a modest increase in staff levels in the coming quarter.
The survey also found that both domestic and export price inflation were broadly the same quarter-on-quarter, but growth in average unit costs was the fastest since October 2011. This squeezed manufacturers' profit margins once again and this pressure on margins are expected to persist in the coming three months.
Quotes from RBS: -GBP/USD bounced last week on a mix of better UK data and disappointing US data. The pair has moved closer to our fair value measure, but still look to be around two standard deviations cheap to fair. news.instaforex.com »
Germany's EU harmonized inflation eased more than economists expected in April, latest data showed Monday.
Inflation as per the harmonized index of consumer prices (HICP) slowed sharply to 1.1 percent in April from 1.8 percent in March, the Federal Statistical Office said. Economists had forecast a much slower deceleration to 1.7 percent.
Sequentially, the HICP decreased 0.5 percent in April, after rising 0.4 percent in the previous month. It was expected to drop 0.1 percent.
At the same time, the consumer price index increased 1.2 percent year-on-year in April, slower than the 1.4 percent gain seen in March. Economists were looking for an annual growth of 1.4 percent.
Consumer prices decreased 0.5 percent compared to March, when they increased by 0.5 percent. Economists expected prices to drop 0.2 percent month-on-month.
Officials of the International Monetary Fund (IMF) who visited Pakistan last week have asked the government to take steps to stabilize the ailing economy.
The lender said it has not received any official request from the Asian country, which faces a serious balance of payment crisis, for financial aid.
"Pakistan faces difficult economic challenges and we urge the authorities to begin taking the necessary actions to stabilize the economy and lay the groundwork for future growth," IMF Pakistan Mission Chief Jeffrey Franks said.
Pakistan has been expected to seek a rescue package from the IMF after its currency depreciated significantly and foreign exchange reserves plunged.
An aid program valued $11.3 billion was offered by the IMF in 2008 to ease Pakistan's balance of payment crisis, which lapsed in 2011 after the government failed to implement certain fiscal reforms.
Quotes from Credit Agricole Corporate & Investment Bank: -We forecast the German IFO to decline for a second consecutive month, to 106. news.instaforex.com »
German private sector contracted at the fastest pace in six months in April, ending a four-month period of expansion, preliminary results of a survey by Markit Economics showed Tuesday.
The flash composite output index, that gauges activity in both manufacturing and services, fell to 48.8 in April from 50.6 in March. Readings above 50 indicate expansion of the sector while readings below 50 suggest contraction.
The manufacturing purchasing managers' index fell to a four-month low of 47.9 from 49 in March, suggesting further worsening of operating conditions across the factory sector. The manufacturing output index fell to a four-month low of 47.9 from 50 in March.
The services activity index fell to a six-month low of 49.2 in April from 50.9 in March.
Lower levels of private sector business activity reflected a decrease in new order volumes for the second successive month during April, Markit said.
The overall pace of contraction in new orders was the steepest since October 2012, largely driven by a marked decrease in new work received by service providers. Manufacturing new orders dropped at the fastest pace so far this year, the survey report said.
Danish retail sales declined in March largely due to the decrease in clothing sales turnover, Statistics Denmark said Monday. Consumer confidence deteriorated for the second consecutive month in April. news.instaforex.com »
Confidence among British households regarding the value of their homes rebounded in April, ending the downward trend seen for nearly three years, helped mainly by improved optimism regarding the governments' recently launched mortgage scheme, data from a survey by Markit Economics and Knight Frank showed Friday.
The house price sentiment index increased to 50.6 in April from 50 in March. The index moved above the no-change 50 mark - which separates growth from contraction - for the first time in thirty-four months.
"The latest survey suggests the Help to Buy scheme has boosted house price sentiment, alongside a continued improvement in mortgage availability and more concrete signs that current values are on the up," Markit senior economist Tim Moore said.
At the same time, the outlook component of the survey, showed that British households expect the value of their homes will rise over the next 12 months, and at the sharpest rate since June 2010.
The forward-looking indicator climbed to a 34-month high of 62 in April from 58.4 in March, marking the fourth successive increase. Residents of London continued to be the most upbeat about the outlook for prices, followed by those in South East and the East of England, data showed.
Japan's corporate loan demand improved in the first quarter as internally generated fund of customers decreased amid rising sales, the latest senior loan officer opinion survey published by the Bank of Japan showed Friday.
The balance of demand for loans from firms rose to 5 in the first quarter from 4 in the preceding quarter. Likewise, household demand increased to 14 from 11.
Loan officers cited the fall in interest rates as another reason for rise in corporate loan demand. The index for corporate loan demand is expected to remain unchanged at 5 in the second quarter.
The survey, however, showed that the index for demand from large firms eased to 4 from 5 in the fourth quarter. The survey was conducted among 50 banks between March 11 and April 10.
Russia's economic growth rate is below potential, Russian Presidential Adviser Elvira Nabiullina said, according to news agency Itar-Tass.
But it can grow at 3-4 percent this year, Bank Rossii Governor-designate Nabiullina said. She said institutional reforms are needed for better growth.
The central bank is under immense pressure to cut rates to contain slowing growth. It has kept its key rate unchanged at 8.25 percent for the seventh consecutive month, but reduced rates on long-term liquidity operations by a quarter point in April as it sees increased risks to economic growth.
The bank said the macroeconomic indicators pointed to a continuing deceleration of economic growth and increased risks of its deceleration.
The involvement of the International Monetary Fund in future rescue package for the euro area member countries is highly desirable, European Central Bank Executive Board Member Peter Praet said Wednesday.
"The involvement of the IMF in the financing schemes is not strictly required but is still highly desirable, also in view of the Fund's analytical expertise in crisis resolution," he said at an event in Beijing.
Any troubled member nations of Eurozone can directly approach the permanent rescue fund called the European Stability Mechanism. The interventions are conditional on member states first signing a Memorandum of Understanding containing reforms or fiscal consolidation to be implemented in order to restore the financial stability.
According to Praet, the greatest challenge is to keep up the reform momentum even if the severe manifestations of the crisis abate and financial market conditions come back to more normal conditions.
"The monetary policy response to the crisis has been mainly aimed to buy time for reforms that become effective with some time lag, but it cannot substitute for reforms as time goes by," he noted.
Switzerland's producer and imports prices decreased from last year in March, and the rate of fall matched economists' forecast, latest data from the statistical office showed Tuesday.
The producer and import price index dropped 0.3 percent year-on-year in March, in line with economists' expectations.
The producer price index, which shows the price development of domestically produced products, increased 0.3 percent year-on-year in March, while the import price index dropped by 1.5 percent.
Compared to February, the producer and import price index stayed unchanged during the month. This was in line with economists expectations.
The producer price index was unchanged month-on-month, while the import price index edged down 0.1 percent, data showed.
The International Energy Agency left its its global oil demand forecast for the year 2013 little changed following slightly lower-than-expected first-quarter 2013 deliveries. news.instaforex.com »
The Bank of Japan on Thursday announced decisive stimulus measures aimed at ending 15 years of deflation in the country as Governor Haruhiko Kuroda kept his promise of embarking on aggressive monetary easing at his first Policy Board meeting.
The Board decided to merge its asset purchase program with the regular monthly bond purchases. Under the new plan, the central bank purchases of the Japanese Government Bonds (JGB) will amount to around JPY 7 trillion per month.
The Board said that the BoJ will purchase JGBs so that their amount outstanding will increase at an annual pace of about JPY 50 trillion. This is expected to encourage a further decline in interest rates across the yield curve.
The average maturity of the bank's JGB's will be extended to seven years from slightly less than three years at present. JGBs with all maturities including 40-year bonds will be made eligible for purchase, the central bank said in a statement.
The Board decided to change the main operating target for money market operations to the monetary base from the benchmark uncollaterilized overnight call rate, which was kept unchanged at 0-0.1 percent.
The monetary base will now increase at an annual pace of about JPY 60-70 trillion. Further, the central bank temporarily suspended the banknote principle.
BoJ also set a time horizon of about two years for attaining 2 percent inflation target.
The Chinese yuan strengthened against the U.S. dollar in late Asian deals on Wednesday, as the People's Bank of China set the currency's reference rate at the highest level since January 15.
The yuan reached 6.2123 per dollar, the level not seen since December 14, 2012. The yuan thus appreciated 0.13 percent against the greenback from yesterday's close of 6.2202. If the yuan advances further, it will break last year's peak of 6.2087.
The PBOC set today's central parity rate for the yuan at 6.2716 per dollar, up from Tuesday's daily reference rate of 6.2758. The Chinese central bank sets the central parity rate every morning and allows the currency to fluctuate up to 1 % from the level.
The New Zealand dollar is currently stronger than would be consistent with medium term fundamentals and "appears to be overvalued," the International Monetary Fund said in a report on Monday.
The gap between domestic and foreign interest rates, and more recently, increased portfolio flows into New Zealand are contributing to the current level of the exchange rate, the Washington-based lender said in the report.
IMF noted that if global monetary policy were to become less stimulatory, the exchange rate would likely depreciate over time. The government's deficit reduction plan also eases upward pressure on the exchange rate, it said.
The report also noted that economic growth may accelerate this year with an increase in construction activity offsetting headwinds from budget deficit reduction, the strong dollar, and the possibly protracted impact of the severe drought.
IMF also noted that the government's fiscal consolidation path strikes a balance between the need to limit both public and external debt increases while containing any adverse impact on economic growth.
Finance Minister Bill English welcomed the IMF statement and said the assessment reflects "the balanced and pragmatic approach the Government had taken with its economic program over the past four years."
IMF expects underlying inflation to increase but remain modest. Persistently high exchange rate is dampening tradable price inflation and wage pressures remains contained, the Fund said.
German Chancellor Angela Merkel's cabinet on Wednesday approved the draft budget for 2014, lowering its net borrowing estimate to EUR 6.4 billion from EUR 17.1 billion planned for 2013.
The government aims to achieve a balanced budget in 2015 as it expects tax revenues to increase supported by a stable economy.
The budget draft showed that spending will be lowered to EUR 297 billion in 2014 from EUR 302 billion this year.
Confidence among Australian consumers rose to its highest level in more than two years in March with the effects of the past interest rate cuts by the Reserve Bank becoming more visible.
A survey by Westpac and the Melbourne Institute showed Wednesday that the consumer sentiment index rose 2 percent in March to 110.5 from 108.3 in February. This is the highest level of the index since December 2010.
"This is a strong result," Westpac's Chief Economist Bill Evans said. It is the fifth consecutive month that the index has registered above 100, he noted.
Evans said that in recent months, the accumulation of the cuts appeared to be genuinely boosting confidence. Since October last year, the confidence index has increased 11.5 percent.
The Reserve Bank of Australia kept the cash rate unchanged at 3 percent in February and March, but said there is scope to ease policy further, if necessary, to support demand.
The central bank has reduced cash rate six times since it started its easing cycle in November 2011.
Also, "equity markets and the associated signals that global economic prospects are improving are the other key driver of this improved confidence," Evans said.
Data released by the Australian Bureau of Statistics on Wednesday showed that home loans declined unexpectedly in January. The number of dwelling commitments for owner occupied housing fell 1.5 percent month-on-month to 44,383.
Economists had forecast an increase of 0.5 percent following 2.1 percent fall in December. Lending has now declined for four consecutive months. Meanwhile, investment lending rose 4.4 percent from the previous month.
Brazil's consumer price inflation accelerated more than economists expected in February, data released by statistical office IBGE showed Friday.
Inflation as per the consumer price index increased to 6.31 percent in February from 6.15 percent in January, while economists had forecast a more modest acceleration to 6.2 percent.
The consumer price index moved up 0.6 percent compared to January, when it rose by 0.86 percent. Economists were looking for a 0.49 percent gain, data showed.
Food and beverages prices rose at a slower pace of 1.45 percent month-on-month in February than 1.99 percent in the previous month. Housing costs dropped 2.38 percent, after falling 0.2 percent in January.
Transportation costs were higher by 0.81 percent from the previous month, and costs of wearing apparel up by 0.55 percent, data showed.
French business sentiment improved to 96 in February from 95 in January, survey data from the Bank of France showed Friday. The reading came in line with economists' expectations.
In February, industrial activity improved somewhat and deliveries showed signs of renewed growth in most sectors. However, production capacities remained only moderately solicited, it said.
Although order books are still considered insufficient, new orders edged up their volumes. At the same time, inventories of final goods remained close to targeted levels. Business managers' forecasts are predicting a stable level of activity in March.
According to the monthly index of business activity, the economy is expected to increase by 0.1 percent in the first quarter of 2013, unchanged from the previous estimate.
The Bank of England and the People's Bank of China plan to sign a 3-year currency swap deal that facilitate easy finance of trade and investment between the two countries.
In a statement released on Friday, BoE Governor Mervyn King said, "In the unlikely event that a generalised shortage of offshore renminbi liquidity emerges, the Bank will have the capability to provide renminbi liquidity to eligible institutions in the UK."
"Our announcement today marks a significant milestone in constructive bilateral dialogue between the Bank and the PBoC," King said.
The renminbi/sterling currency swap arrangement would support domestic financial stability should market conditions warrant.
Standard & Poor's on Monday said it is affirming its credit ratings on Japan, citing the sovereign's strong external position and a recovered financial system.
The rating agency affirmed the long- and short-term credit ratings at AA- and A-1+, respectively. The outlook on the long-term ratings remained 'negative.'
S&P said its rating on Japan balances the extremely strong external position, prosperous and diversified economy, and its recovered financial system with a very weak fiscal position, aging demographics, and persistent deflation.
"We believe the measures adopted by the new Shinzo Abe administration at the beginning of its term will be critical if it is to arrest what we see as a prolonged decline in Japan's sovereign credit standing," the rating agency said in a report.
Meanwhile, during a debate in Parliament on Monday, Prime Minister Shinzo Abe indicated that if Japan is unable to attain the 2 percent inflation target, there may be a need to revise the law governing the central bank.
He also clarified that the recent policy moves are not directly aimed at weakening the yen, but is just one of the many factors influencing the exchange rate.
The meeting of finance ministers and central bankers of the Group of Twenty in Moscow over the weekend abstained from directly criticizing Japan for the recent depreciation of yen. Instead, they supported the policy actions taken by the new government and the Bank of Japan to stimulate economic growth.
At the same time, G20 vowed to refrain from competitive devaluation. "We will not target our exchange rates for competitive purposes, will resist all forms of protectionism and keep our markets open," the ministers and central bankers said in a statement on Saturday.
U.K. lawmakers on Friday said the Treasury could not explain the effect of the quantitative easing on the whole economy. The panel said some GBP 375 billion has so far been injected into the economy as an 'experiment'.
"The Treasury has not convinced us it understands either the risks it has taken on by indemnifying the Bank of England against losses on Quantitative Easing or the expected economic benefits," the Public Accounts Committee said in an annual report.
Further, lawmakers said, "The Treasury's attempts to stimulate economic growth through new lending have, so far, not been successful." The treasury should be clear what it wants this BoE scheme to achieve and how it intends to monitor it.
"Throughout, the Treasury seems to be embarking on a series of expensive experiments, indemnified with taxpayers' money," the report said.
The panel observed that high staff turnover reduced the Treasury's ability to respond to crises and manage public spending effectively. Although staff turnover declined in 2011-12, it is still "very high."
In an upbeat sign for the labor market, first-time claims for U.S. unemployment benefits fell by much more than anticipated in the week ended February 9th, according to a report released by the Labor Department on Thursday.
The report said initial jobless claims fell to 341,000, a decrease of 27,000 from the previous week's revised figure of 368,000. Economists had expected jobless claims to edge down to 360,000 from the 366,000 originally reported for the previous week.
UK output price inflation eased to 2 percent in January from 2.2 percent in December, data released by the Office for National Statistics showed Tuesday.
On a monthly basis, the output price index rose 0.2 percent. Both the figures matched economists' forecasts.
Core producer price index, which exclude food, alcohol, tobacco and petroleum, rose 0.2 percent month-on-month.
Input prices increased 1.8 percent year-on-year in January, faster than a 0.5 percent increase in the previous month. This was also higher than the 1 percent rise expected by economists.
On a monthly basis, the input price index rose 1.3 percent, faster than the expected 0.9 percent increase.
The Czech Republic recorded a faster-than expected fall in merchandise trade surplus in December, preliminary data released by the Czech Statistical Office showed Wednesday. news.instaforex.com »
Spain's jobless rate increased to a record high in the fourth quarter, leaving nearly six million people unemployed as the government engaged in sharp spending cuts after the economy plunged deeper into recession, latest data showed on Thursday.
The unemployment rate increased to 26.02 percent in the fourth quarter from 25.01 percent in the preceding three months, statistical office INE said. The rate was almost in line with the consensus forecast for 26 percent.
The latest figure is the highest in the history of modern Spain, after the death of the dictator Francisco Franco in 1975. The current government led by Prime Minister Mariano Rajoy came to power late 2011.
The jobless rate among those under the age of 25 years also jumped to a record 55.13 percent in the fourth quarter from 52.34 percent in the previous three months. A year ago, the figure was 48.56 percent.
There were around 5.97 million unemployed persons in the country at the end of 2012, higher by 187,300 compared to the third quarter. From the fourth quarter of 2011, the number of jobless persons increased by 13.12 percent.
Meanwhile, the number of employed persons decreased 2.1 percent sequentially to 16.96 million in the three months ended December. Year-on-year, employment dropped by 4.78 percent.
The Spanish economy deteriorated severely in recent times after the country's once-booming real estate sector bust in 2008, leaving millions of workers out of labor.
Data from the government this week showed residential property prices fell 10 percent in the fourth quarter compared to last year. Separate data showed the home sales in Spain decreased at a marked annual rate of 6.1 percent in November.
In its latest quarterly bulletin, released yesterday, the Bank of Spain said Spain's recession likely deepened in the fourth quarter, with gross domestic product (GDP) falling for the fifth consecutive quarter.
According to the bank, GDP is estimated to have dropped at a faster rate of 0.6 percent sequentially in the fourth quarter than 0.3 percent in the third quarter, signaling a worsening of the ongoing recession.
Year-on-year, the economy contracted 1.7 percent during in the fourth quarter, after shrinking 1.6 percent in the third quarter. In the whole of 2012, GDP has declined 1.3 percent.
The Spanish economy may stop contracting in the second half of this year, but the balance of risks seems tilted towards a more protracted recession and a real return to growth may have to wait until next year, ING Bank economist Martin van Vliet said yesterday.
"The recent fall in Spanish government bond yields has been impressive," the economist noted. "But it has not yet been accompanied by meaningful signs of improvement in Spain's real economy."
U. K. retail sales growth slowed less than expected at the start of the year, the latest Distributive Trades Survey from Confederation of British Industry showed Thursday. news.instaforex.com »
The euro eased from its early highs against other other major currencies in the early European session on Thursday after the release of weaker-than-expected French PMI data and Spanish jobless rate for the fourth quarter. news.instaforex.com »
Latvia's producer price inflation accelerated for the fifth month in a row in December, data released by the Central Statistical Bureau of Latvia showed on Tuesday.
The producer price index (PPI) rose by 3.6 percent year-on-year in December, more faster than the 3.2 percent rise in November. The latest figure is the highest since April. In October, prices rose 2.9 by percent.
Prices of products sold in the domestic market rose 4.2 percent, while those of exported goods were 2.9 percent higher.
Sequentially, the PPI edged up by 0.2 percent in December after falling 0.2 percent in November.
Дата
Отчетный период
Компания
23 Jan
Q1 2013
Apple Inc.
23 Jan
Q4 2012
Abbott
23 Jan
Q4 2012
Altera Corp.
23 Jan
Q1 2013
Air Products
23 Jan
Q4 2012
Allegheny Technologies
23 Jan
Q4 2012
Baker Hughes Incorporated
23 Jan
Q4 2012
Crown Castle International Corp.
23 Jan
Q2 2013
Coach, Inc.
23 Jan
Q4 2012
Quest Diagnostics
23 Jan
Q1 2013
F5 Networks
23 Jan
Q4 2012
General Dynamics
23 Jan
Q1 2013
Jacobs
23 Jan
Q2 2013
Lam Research
23 Jan
Q4 2012
LSI Corp.
23 Jan
Q4 2012
McDonald's Corp.
23 Jan
Q2 2013
Molex Inc.
23 Jan
Q4 2012
Motorola Solutions, Inc.
23 Jan
Q4 2012
Noble Corp.
23 Jan
Q4 2012
Netflix, Inc.
23 Jan
Q4 2012
Praxair
23 Jan
Q4 2012
SanDisk Corp.
23 Jan
Q4 2012
St. Jude Medical, Inc.
23 Jan
Q4 2012
Stryker
23 Jan
Q3 2013
Symantec
23 Jan
Q1 2013
TE Connectivity Ltd.
23 Jan
Q4 2012
Teradyne Inc
23 Jan
Q4 2012
Textron Inc.
23 Jan
Q4 2012
United Technologies
23 Jan
Q1 2013
Varian Medical Systems, Inc.
23 Jan
Q2 2013
Western Digital Corp.
23 Jan
Q4 2012
WellPoint, Inc.
24 Jan
Q1 2013
AmerisourceBergen
24 Jan
Q4 2012
Amgen
24 Jan
Q3 2013
Airgas, Inc.
24 Jan
Q4 2012
Baxter International Inc.
24 Jan
Q4 2012
Bristol-Myers Squibb
24 Jan
Q4 2012
Celgene Corp.
24 Jan
Q4 2012
Dover Corp.
24 Jan
Q4 2012
Equitable Resources, Inc.
24 Jan
Q4 2012
E*Trade Financial Corp
24 Jan
Q4 2012
W.W. Grainger
24 Jan
Q4 2012
Juniper Networks
24 Jan
Q4 2012
KeyCorp
24 Jan
Q2 2013
KLA-Tencor
24 Jan
Q4 2012
Lockheed Martin
24 Jan
Q4 2012
McCormick & Company, Inc.
24 Jan
Q4 2012
3M Company
24 Jan
Q2 2013
Microsoft
24 Jan
Q3 2013
Precision Castparts
24 Jan
Q4 2012
Raytheon
24 Jan
Q1 2013
Starbucks
24 Jan
Q4 2012
Stanley Black & Decker, Inc.
24 Jan
Q4 2012
AT&T Inc.
24 Jan
Q4 2012
Union Pacific
24 Jan
Q4 2012
VeriSign, Inc.
24 Jan
Q4 2012
Xerox Corp.
25 Jan
Q4 2012
Halliburton Company
25 Jan
Q4 2012
Honeywell
25 Jan
Q4 2012
Kimberly-Clark
25 Jan
Q2 2013
The Procter & Gamble Company
25 Jan
Q4 2012
Weyerhaeuser Co.
28 Jan
Q4 2012
Biogen Idec Inc.
28 Jan
Q3 2013
BMC Software
28 Jan
Q4 2012
Caterpillar Inc.
28 Jan
Q4 2012
Plum Creek Timber
28 Jan
Q4 2012
Roper Industries, Inc.
28 Jan
Q4 2012
Yahoo, Inc.
28 Jan
Q4 2012
Zions Bancorp
29 Jan
Q4 2012
Amazon.com Inc
29 Jan
Q4 2012
Broadcom
29 Jan
Q4 2012
Peabody Energy Corp.
29 Jan
Q4 2012
Boston Properties, Inc.
29 Jan
Q1 2013
D.R. Horton
29 Jan
Q4 2012
Danaher
29 Jan
Q4 2012
EMC Corp.
29 Jan
Q4 2012
Ford Motor Company
29 Jan
Q4 2012
Corning Incorporated
29 Jan
Q4 2012
Harley-Davidson
29 Jan
Q2 2013
Harris
29 Jan
Q4 2012
International Paper Co.
29 Jan
Q4 2012
Illinois Tool Works Inc.
29 Jan
Q4 2012
Eli Lilly
29 Jan
Q4 2012
NextEra Energy, Inc.
29 Jan
Q4 2012
Nucor Corp.
29 Jan
Q4 2012
Pfizer
29 Jan
Q4 2012
T. Rowe Price Group Inc
29 Jan
Q1 2013
Tyco International
29 Jan
Q4 2012
Valero Energy Corp.
29 Jan
Q4 2012
United States Steel Corp.
30 Jan
Q4 2012
AbbVie Inc
30 Jan
Q1 2013
ADT Corp
30 Jan
Q4 2012
Ameriprise Financial, Inc.
30 Jan
Q4 2012
AvalonBay Communities
30 Jan
Q4 2012
Avery Dennison Corp.
30 Jan
Q4 2012
The Boeing Company
30 Jan
Q4 2012
ConocoPhillips
30 Jan
Q3 2013
Electronic Arts Inc.
30 Jan
Q4 2012
Hudson City Bancorp
30 Jan
Q4 2012
Hess Corp.
30 Jan
Q2 2013
JDSU
30 Jan
Q4 2012
L-3 Communications Holdings, Inc.
30 Jan
Q4 2012
Marathon Petroleum Corp.
30 Jan
Q4 2012
MURPHY OIL CORP
30 Jan
Q4 2012
MeadWestvaco
30 Jan
Q4 2012
Northrop Grumman
30 Jan
Q4 2012
O-I
30 Jan
Q4 2012
Phillips 66
30 Jan
Q1 2013
QUALCOMM Inc.
30 Jan
Q1 2013
Rockwell Automation
30 Jan
Q4 2012
Southern Company
30 Jan
Q4 2012
Wisconsin Energy Corp.
31 Jan
Q4 2012
Aetna Inc.
31 Jan
Q4 2012
AutoNation
31 Jan
Q4 2012
C. R. Bard, Inc.
31 Jan
Q4 2012
Ball Corp.
31 Jan
Q4 2012
Bemis Company, Inc.
31 Jan
Q4 2012
Cameron
31 Jan
Q4 2012
Chubb Corp.
31 Jan
Q4 2012
Colgate-Palmolive
31 Jan
Q4 2012
CONSOL Energy
31 Jan
Q4 2012
Dominion Resources Inc.
31 Jan
Q4 2012
The Dow Chemical Company
31 Jan
Q4 2012
Eastman Chemical Company
31 Jan
Q2 2013
Harman International Industries
31 Jan
Q1 2013
Helmerich & Payne, Inc.
31 Jan
Q4 2012
The Hershey Company
31 Jan
Q4 2012
MasterCard Inc.
31 Jan
Q3 2013
McKesson Corp.
31 Jan
Q4 2012
Mead Johnson Nutrition
31 Jan
Q4 2012
The NASDAQ OMX Group, Inc.
31 Jan
Q4 2012
Occidental Petroleum Corp.
31 Jan
Q4 2012
Pitney Bowes Inc.
31 Jan
Q4 2012
PACCAR Inc
31 Jan
Q4 2012
The Principal Financial Group
31 Jan
Q4 2012
PulteGroup, Inc.
31 Jan
Q4 2012
PerkinElmer
31 Jan
Q4 2012
Ryder System Inc
31 Jan
Q4 2012
Sherwin-Williams
31 Jan
Q4 2012
Thermo Fisher Scientific
31 Jan
Q4 2012
Time Warner Cable Inc.
31 Jan
Q4 2012
United Parcel Service, Inc.
31 Jan
Q1 2013
Viacom Inc.
31 Jan
Q4 2012
Xcel Energy
31 Jan
Q4 2012
Zimmer Holdings, Inc.
01 Feb
Q4 2012
Aon plc
01 Feb
Q4 2012
Beam Inc
01 Feb
Q1 2013
Franklin Resources
01 Feb
Q4 2012
Chevron
01 Feb
Q4 2012
Ingersoll-Rand Co. Ltd.
01 Feb
Q4 2012
Mattel
01 Feb
Q4 2012
Merck & Co., Inc.
01 Feb
Q4 2012
National Oilwell Varco
01 Feb
Q4 2012
Newell Rubbermaid
01 Feb
Q1 2013
Tyson Foods
01 Feb
Q4 2012
Exxon Mobil Corp.
04 Feb
Q2 2013
Clorox
04 Feb
Q4 2012
Edwards Lifesciences
04 Feb
Q4 2012
Gannett Co., Inc.
04 Feb
Q4 2012
Gilead Sciences
04 Feb
Q4 2012
The Hartford
04 Feb
Q4 2012
Humana Inc.
04 Feb
Q4 2012
Leggett & Platt
04 Feb
Q4 2012
Simon Property Group, Inc.
04 Feb
Q4 2012
Torchmark
05 Feb
Q2 2013
Archer Daniels Midland Company
05 Feb
Q2 2013
Automatic Data Processing
05 Feb
Q4 2012
Aflac Incorporated
05 Feb
Q4 2012
Allergan
05 Feb
Q1 2013
BD
05 Feb
Q2 2013
Cardinal Health, Inc.
05 Feb
Q4 2012
Cerner Corp.
05 Feb
Q4 2012
CME Group Inc.
05 Feb
Q4 2012
Chipotle Mexican Grill Inc
05 Feb
Q3 2013
Computer Sciences Corp
05 Feb
Q1 2013
Walt Disney Company
05 Feb
Q4 2012
Delphi Automotive PLC
05 Feb
Q4 2012
Diamond Offshore Drilling Inc.
05 Feb
Q2 2013
The Estйe Lauder Companies Inc.
05 Feb
Q1 2013
Emerson Electric
05 Feb
Q4 2012
Equity Residential
05 Feb
Q4 2012
Fiserv Inc
05 Feb
Q4 2012
Genworth Financial, Inc.
05 Feb
Q4 2012
Kimco Realty Corp.
05 Feb
Q4 2012
NYSE Euronext
05 Feb
Q4 2012
Unum Group
06 Feb
Q4 2012
ASSURANT INC
06 Feb
Q4 2012
Akamai Technologies Inc.
06 Feb
Q4 2012
The Allstate Corp.
06 Feb
Q4 2012
Cincinnati Financial Corp.
06 Feb
Q4 2012
Cummins Inc.
06 Feb
Q4 2012
Coventry Health Care, Inc
06 Feb
Q4 2012
CVS Caremark Corp.
06 Feb
Q4 2012
Equifax Inc.
06 Feb
Q4 2012
FMC Corp.
06 Feb
Q4 2012
AGL Resources Inc
06 Feb
Q4 2012
IntercontinentalExchange, Inc.
06 Feb
Q4 2012
Lincoln National
06 Feb
Q4 2012
Marathon Oil Corp.
06 Feb
Q4 2012
O`Reilly Automotive
06 Feb
Q4 2012
Prologis Inc
06 Feb
Q4 2012
Prudential Financial, Inc.
06 Feb
Q3 2013
Ralph Lauren Corp.
06 Feb
Q4 2012
Stericycle
06 Feb
Q4 2012
Tesoro Corp.
06 Feb
Q4 2012
Time Warner Inc.
06 Feb
Q1 2013
Visa Inc.
06 Feb
Q4 2012
Wyndham Worldwide
07 Feb
Q4 2012
Apartment Investment & Management
07 Feb
Q4 2012
Coca-Cola Enterprises
07 Feb
Q2 2013
CareFusion Corp.
07 Feb
Q4 2012
Cigna
07 Feb
Q4 2012
Cognizant Technology Solutions
07 Feb
Q4 2012
Exelon Corp.
07 Feb
Q4 2012
Hasbro, Inc.
07 Feb
Q4 2012
Starwood Hotels & Resorts Worldwid
07 Feb
Q4 2012
International Flavors & Fragrances
07 Feb
Q4 2012
Noble Energy, Inc.
07 Feb
Q4 2012
Philip Morris International
07 Feb
Q4 2012
Republic Services, Inc.
07 Feb
Q4 2012
Sprint Nextel Corp.
07 Feb
Q4 2012
Scripps Networks Interactive, Inc.
07 Feb
Q4 2012
Teradata
07 Feb
Q4 2012
Xylem Inc.
08 Feb
Q4 2012
Entergy
08 Feb
Q4 2012
Laboratory Corp. of America Holdin
11 Feb
Q4 2012
Loews Corp.
11 Feb
Q4 2012
Masco
12 Feb
Q4 2012
Avon Products Inc.
12 Feb
Q4 2012
FIS
12 Feb
Q4 2012
Fossil, Inc.
12 Feb
Q4 2012
FMC Technologies, Inc.
12 Feb
Q4 2012
HCP, INC.
12 Feb
Q4 2012
The Coca-Cola Company
12 Feb
Q4 2012
The McGraw-Hill Companies
12 Feb
Q4 2012
Western Union Co.
13 Feb
Q4 2012
Comcast Corp.
13 Feb
Q4 2012
CenturyLink, Inc.
13 Feb
Q1 2013
Deere & Company
13 Feb
Q4 2012
Duke Energy Corp.
13 Feb
Q4 2012
Hospira
13 Feb
Q4 2012
Mondelez International, Inc.
13 Feb
Q4 2012
MetLife, Inc.
13 Feb
Q4 2012
Pioneer Natural Resources Company
13 Feb
Q4 2012
TripAdvisor Inc
13 Feb
Q1 2013
Whole Foods Market
14 Feb
Q4 2012
Alexion Pharmaceuticals
14 Feb
Q4 2012
Apache Corp.
14 Feb
Q4 2012
CBS Corp.
14 Feb
Q4 2012
Discovery Communications, Inc
14 Feb
Q4 2012
PepsiCo
14 Feb
Q4 2012
PPL Corp.
14 Feb
Q4 2012
Molson Coors Brewing Company
14 Feb
Q4 2012
Waste Management
15 Feb
Q2 2013
Campbell Soup Company
15 Feb
Q4 2012
Ventas
19 Feb
Q4 2012
CF Industries Holdings, Inc.
19 Feb
Q4 2013
Dell Inc.
19 Feb
Q4 2012
Genuine Parts
19 Feb
Q4 2012
Marriott International
19 Feb
Q3 2013
Medtronic Inc.
19 Feb
Q4 2012
QEP Resources, Inc.
19 Feb
Q4 2012
Sealed Air
19 Feb
Q4 2012
Windstream Communications
Аналитики ИК "Церих Кэпитал Менеджмент"
zerich.ru »
The Irish economy has stabilized in the second half of last year and is set to grow at a faster pace in 2013, marking the third successive year of reasonably solid growth, the Irish Business and Employers Confederation (IBEC) said Monday.
The IBEC, in its latest quarterly outlook, said that 2013 would mark a turning point for the Irish economy, with GDP growing 1.8 percent on the back of strong domestic demand and exports. The recovery is expected to gain further momentum in 2014.
"Although many Irish households continue to grapple with debt and unemployment, there is growing evidence that 2013 could be a turning point for the domestic economy," IBEC Chief Economist Fergal O'Brien said.
The estimated growth for this year represents an improvement from the 1.2 percent expansion projected for last year, which was supported by another record performance by the export sector. Ireland is the second fastest growing Eurozone economy in 2012.
Driving the recovery, private sector employment improved significantly in the third quarter of last year, and retail sales finished the year on a positive note. At the same time, the housing sector has seen prices stabilizing and housing transactions and new mortgage activity increasing, IBEC said.
The employers' group predicted that Ireland is set to record an annual inflation rate of 1.5 percent this year, which will move up to less than 2 percent in 2014.
At the same time, unemployment is forecast to stabilize and to remain high for some time, while private sector employment will start recovering with a modest growth of 0.4 percent in 2013.
"Exports continue to perform strongly, despite difficult trading conditions. Importantly, we're seeing more businesses successfully making the transition from domestic sales to exports, and progress continues in developing new markets," O'Brien added.
An index of personal finances of U.K. households declined at a slower pace in January, helped mainly by improved perceptions about inflation, job security and credit availability, data from a survey by Markit Economics showed Monday.
The seasonally adjusted household finance index, which is designed to anticipate changing consumer behavior, moved up to 37.7 in January from 36.8 in December, which was the lowest reading in seven months.
Around 31 percent of respondents noted a deterioration in their financial situation, compared to 6 percent that saw an improvement. An index reading below 50 indicates decline in confidence, while one above suggests improvement.
The measure of households' intention to make major purchases fell at the slowest pace since October 2010, while job security dropped the least since the survey began in early 2009.
The outlook component of the index showed that British households are the least pessimistic about prospects for their personal finances in the next twelve months. At the same time, sentiment regarding ease of access to unsecured credit turned the least downbeat in the four-year survey history.
"The unfavorable economic backdrop and squeezed incomes are clearly making it difficult to keep household finances on an even keel," Markit Senior Economist Tim Moore said.
"Overall, however, households are having to making hay while the sun isn't shining, and January's upturn from the lows of 2012 suggests that some gradual financial improvements are being made in spite of fragile conditions across the UK economy."
New home buildings in Australia increased for the second consecutive quarter in three months ended September, data released by the Housing Industry Association (HIA) showed Thursday. news.instaforex.com »
Confidence among New Zealand consumers increased in January as they remained upbeat about the general economic conditions, a survey by ANZ and Roy Morgan revealed Thursday.
The consumer confidence index rose to 118.3 in January from 114.7 in December. Readings above the 100 mark are taken as a net positive.
The current conditions index rose 8 points to 117, while future conditions index increased at the margin to 119, its highest level since mid 2011.
Consumers feel marginally less worse off financially than a year earlier with the corresponding index rising to -5 from -7 in the previous month.
The indicator measuring households' expectations regarding their own financial prospects in the year ahead fell marginally to 29 from 31 in December. However, the sentiment is still regarded as positive, the survey report said.
Consumers' outlook on the general economy one year ahead are better. Sentiment towards the economy five years out remains solid at 21, though down on the month prior, the report said.