Japan's consumer price inflation is estimated to slacken slightly in June after the rise the inbound shipments costs from the weak Yen vanishes. The imports are unlikely to climb rapidly as a vast array of the Japanese companies outsourced much of their production. The inflation is surmised to keep on decreasing to about 1 percent, but will rise again in line
The Sterling dropped from its highest level in approximately two years against the Euro as Scotland's independence referendum draws near. The U.K. currency has risen the most last year amid the 10-developed country currencies. Experts believe the risk and the potential vagueness around the vote can increase the Pound volatility in the future.
After the revealed sanctions against Russia, the Rouble fell to a 34.39 low against the Dollar; however, the currency gained 0.5% to 34.83 later. A 0.6% decline was noticed in comparison with the Euro, trading at 47.15. Meanwhile, Sberbank Russia stock price slid down 2.8%, Gazprom OAO lost 2% and VTB Bank retreated 3%.
Japan's government raised the economy's growth projections as the negative effects of the sales tax on consumer spending are coming to naught. With personal consumption accounting for 60% of the economy the tight labor market and improving consumer sentiment were seen as good news. Further growth in the economy is expected, but a contraction in Q2 is unlikely to be
The Euro traded at 137.30 against the Yen from 137.51 Wednesday, while the analysts from Bank of Tokyo-Mitsubishi forecast a dip to 137 Yen. They also added the Euro could test an important level at 1.35, but is likely to have difficulties passing it. During the Asian trading session the spot changed from $1.3525 to $1.3528. Meanwhile, the WSJ Dollar Index
Anglo American platinum production slipped 40% in the second quarter year-over-year due to five-month strikes in South Africa. Iron ore production, on the other hand, increased 2% from the same period and rose up to 11.5 million metric tons. The output of copper expanded 6% to 194.000 tons due to improved productivity in Chile.
The Canadian Dollar reached the weakest point in less than a month after the nation's Central Bank said that inactivity in the country's economy will create a temporary boost for inflation. The Loonie depreciated 0.3% to C$1.0794, which is the lowest level since June 20. The currency got back up after Stephen Poloz refrained from commenting on the strength of the Canadian Dollar.
Libya's National Oil Corp is now offering crude for the end of July loading. After almost a year of being closed, the Ras Lanuf facilities are ready to export 1 million barrels of both Amna and Sirtica crude oil. However, traders have been hesitant to buy the Libyan crude due to high prices and quality concerns.
The Pound reached its 22-month high against the Euro as the U.K. jobless rate fell to the lowest since 2008, indicating the economy is ready for higher interest rates. The Sterling rose 0.2% to 78.98 pence per Euro. The rally followed the BoE Governor Mark Carney's extensive plans to increase the borrowing costs.
China's state-owned companies experienced an increase in profits in the first six months of 2014. The state-owned and non-financial firms generated combined profits of 1.22 trillion yuan, adding 8.9% to the previous year's figures. China's officials believe the economy is on the right track, as the government incentives kick in.
The Yen jumped to five-month high against the Euro today and grew versus all of its 16 major counterparts as the U.S. and European Union laid out further sanctions on Russia. The Yen increased 0.2% to 137.30 per euro and 0.2% to 101.52 per dollar. Economists suggest more defensive positioning in markets and potential benefits for the Yen in the
Microsoft Corp., one of the biggest software developers in the world, may announce the biggest round of jobs cuts since 2009, while company is integrating the Nokia into its' business. As expected, total cuts may exceed 5,800 of 2009, while the majority of job losses will be directly at a Nokia unit. Yesterday, the Microsoft Corp. shares climbed 3.8% to
The Central Bank of Brasil decided to keep the main interest rate unchanged. The borrowing costs remained at 11% level, fully matching all economists' forecasts. The inflation level in the country in rising, however, the slowing economic growth limits opportunities for any changes. In total, during the last year through April 2014, the CB of Brazil raised the rate by
New car registrations in Europe continued to increase in June of this year, reaching 1.23 million units versus 1.18 million in June 2013. Therefore, the period of sales' advance has been prolonged to ten months in a row. The largest jump of sales has been registered in the South European countries. Deliveries in Spain and Portugal added 24%, while car
Stock market in Europe declined on Thursday, while the negative news came from Russia, as the EU countries implemented further sanctions amid country's inability to de-escalate the conflict in Ukraine. Therefore, Russian ruble dropped and yield on government bonds surged considerably. At the moment, the benchmark Europe Stoxx 600 Index loses 0.6% during the trading session in London.
Manufacturing production in Japan rose more than previously predicted in May of the current year. According to the final data from the Ministry of Trade, Economy and Industry, indicator added 0.7% on a monthly basis, while the first estimation showed a 0.5% rise. On the annual basis, industrial output advanced 1% and has also been revised upwards. In April, in
Industrial production in the single currency area declined considerably in May of this year, losing 1.1% on a monthly basis, which has been worse than analysts expected. The drop followed a 0.7% rise in April. Analysts say the region's economy may slower in the nearest future. The largest decrease of the industrial production has been registered in Portugal – by
Consumer price index in Germany advanced in June of the current year, however, the indicator still remains at a relatively weak level, being much lower than the ECB 2% target. On a monthly basis, inflation rose 0.4% in June, raising the annual indicator to as much as 1%, half of the ECB target rate. At the same time, a CPI
Output in the construction industry of the United Kingdom decreased in May of this year, confirming economists' concerns about a possible general drop in construction activity in the country in the April-June quarter. Indicator for output slipped 1.1% in May on a monthly basis after a 1.2% rise in April. Therefore, year-on-year advance of the sector also slowed to 3.5%.
英国央行于7月10日公布了利率决议，如预期一样未有大变动。利率约定在0.5%，一如预期和前值。量化宽松规模也一如前值3750亿英镑。决议公布之后，市场反应平淡，英镑/美元未见大幅震荡，依旧维持在1.71上方交投。
James Bullard, the President of the Federal Reserve bank of St.Louis, announced on Thursday that a considerable decline in the jobless rate in the U.S., namely under 6%, can significantly raise risks of inflation. He expects the CPI to reach 2.4% by the end of the next year, above the Fed's 2% target. Therefore, there is an increased probability of
Equity market in Europe declines for a fifth consecutive trading day, while today the value of shares of the biggest companies was influenced by Chinese exports, which fell short of predictions. Moreover, the Fed officials expressed some concern about risks for the U.S. economy. As for the morning in London, the benchmark Europe Stoxx 600 Index decreases 0.2% to 339.28
Industrial production in France surprisingly declined in May of this year, while economists predicted a slight increase in the output. Manufacturing sector of the country decreased 1.7% on a monthly basis, compared to the forecast of a 0.1% advance. Among components, energy production rose, while manufacturing production showed a 2.3% plunge – the biggest in 18 months.
Consumer price index in the second largest economy of the world declined to 2.3% in June of the current year, more than economists forecasted before the data was released. It was projected to drop to 2.4%, down from 2.5% in May. The main drivers of decrease were pork and vegetable prices. At the same time, analysts predict the CPI to