Результатов: 131

BoE's Fisher Says British Economy Remains Weak, Downplays Bullish Outlook


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.





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2013-6-13 19:41

Japan Jobless Rate Flat In April


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.





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2013-5-31 05:58

Japan April CPI 0.3%


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.





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2013-5-31 05:47

Mexico's Trade Balance Slips To Deficit In April


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.





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2013-5-27 19:21

U.K. House Prices Rise At Fastest Pace In 6 Years


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.





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2013-5-27 12:42

Modest Gain In Eurozone PMI Revives Recovery Hopes


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.





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2013-5-23 16:28

Indonesia's Current Account Deficit Narrows In Q1


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.





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2013-5-15 17:25

Spain's April Inflation Eases Notably As Estimated


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.





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2013-5-14 12:42

Yen Extends Rally Against Majors


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.





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2013-5-14 12:42

Japan Revises Q4 Nominal Gdp Slightly up After Calculation Errors

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.

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2013-5-8 08:14

UK SME Business Activity Weaker Than Expected, Survey Shows


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.





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2013-5-7 12:33

German Inflation Weakens More Than Expected In April


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.





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2013-4-29 17:42

IMF Urges Pakistan To Take Steps To Stabilize Economy


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.





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2013-4-25 12:42

German Private Sector Activity Contracts In April


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.





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2013-4-23 12:42

UK House Price Sentiment Rebounds In April: Knight Frank


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.





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2013-4-19 12:42

Japan Bank Loan Demand Increases In Q1


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.





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2013-4-19 12:42

Russia's Economy Can Grow 3-4%, Presidential Adviser Says


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.





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2013-4-18 12:42

IMF Involvement In Eurozone Rescue Is Highly Desirable, Says ECB's Praet


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.





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2013-4-17 12:42

Swiss March Producer And Import Prices Fall As Expected


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.





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2013-4-16 12:42

BoJ Unveils Aggressive Monetary Easing Measures


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.





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2013-4-4 11:30

Chinese Yuan Spikes Up To More Than 3-month High Against U.S. Dollar


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.





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2013-3-20 10:32

New Zealand Dollar Overvalued, IMF Says


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.





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2013-3-19 11:42

Germany Cuts Planned Borrowing For 2014


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.





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2013-3-13 15:50

Australia Consumer Sentiment Highest Since December 2010


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.





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2013-3-13 11:14

Brazil February Inflation Rises More Than Expected


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.





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2013-3-8 16:44

French Feb Business Sentiment Improves As Expected


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.





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2013-3-8 11:42

UK, China Central Banks Plan To Ink Swap Deal


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.





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2013-2-22 16:42

S&P Affirms Japan's Credit Ratings


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.





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2013-2-18 10:20

U.K. Lawmakers Say Treasury Unaware Of QE Impact


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."





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2013-2-15 11:17

U.S. Weekly Jobless Claims Fall Much More Than Expected


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.





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2013-2-14 16:42

UK Output Price Inflation Slows In January


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.





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2013-2-12 14:15

Spanish Unemployment Rate Hits Record High Of 26.02%


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."





news.instaforex.com »

2013-1-24 15:42

Latvia Producer Prices Inflation Quickens For Fifth Month In December


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.





news.instaforex.com »

2013-1-22 15:42

Календарь корпоративной отчетности США

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 »

2013-1-22 13:18

Ireland To Record Stronger Growth This Year: IBEC


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.





news.instaforex.com »

2013-1-21 15:42

Slump In UK Household Finances Eases In January: Markit


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."





news.instaforex.com »

2013-1-21 09:34

New Zealand ANZ-Roy Morgan Consumer Confidence Ticks Up In January


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.





news.instaforex.com »

2013-1-17 07:46