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Re: Forex News from InstaForex

Postby IFX Gertrude » Tue Jan 30, 2018 11:39 pm

German Inflation Slowed in January

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German inflation slowed in January, propelled by a weaker rise in energy prices, data showed, lending support to the European Central Bank's cautious approach to reducing its monetary stimulus only gradually.

Consumer price inflation slowed to 1.4 percent on the year in January, according to preliminary data from the Federal Statistics Office.

The rate follows a month-on-month drop of one percent from December 2017, on an EU-harmonised basis, Destatis added, and implies that the rising euro is damping down prices.

ECB chief Mario Draghi recently pushed back on rate hike speculations, arguing there was almost no chance of a move this year, even as some investors were betting on a hike as early as December.

For the month, consumer prices dropped 1.0 percent, below the 0.7 percent decline expected by analysts.

Lower energy inflation made the largest contribution to the weaker headline figure while food inflation picked up, the office said.

According to Carsten Brzeski, chief economist for Germany at ING, the figures “should ease the recent hysteria in markets about a possible inflation surge and changes to the ECB's monetary policy stance”.

The statistics office did not provide a preliminary reading for German core inflation.

However, Commerzbank analyst Marco Wagner said that core inflation probably remained unchanged in January and that he expected this key measure to rise in the coming months.

The German government expects national consumer price inflation to slow to 1.7 percent this year from 1.8 percent in 2017, despite raising its 2018 growth forecast to 2.4 percent from 1.9 percent previously, a government document showed.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Wed Jan 31, 2018 10:27 pm

China Manufacturing PMI Holds Steady In January - Caixin

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The manufacturing sector in China continued to expand in January, and at a steady pace, the latest survey from Caixin showed on Thursday with a Manufacturing PMI score of 51.5.

That was in line with expectations and unchanged from the December reading.

It also remained above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, growth was supported by further, albeit slightly softer, increases in total new work and new export sales.

Higher production requirements led firms to increase their buying activity, while employment fell at the weakest pace in nearly three years.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Wed Jan 31, 2018 11:01 pm

UK Consumer Morale Improves in January

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UK consumers began 2018 in a less downbeat mood as Brits reported improved confidence in their financial situation for the coming year, according to a survey.

Research house GfK's consumer confidence index increased by 4 points to -9 in January.

The score reflects an improvement in consumers' views on their personal financial situation over the past 12 months as well as improved expectations for the year ahead. Consumer views of the U.K.'s economic situation in the past year and in the coming 12 months also improved.

All five measures used to calculate the index increased in January as the demand for major purchases, like furniture or washing machines, saw the biggest rise, climbing by five points to one. The index tracking the personal financial situation over the next 12 months increased to six from two in December while the outlook for the general economy edged higher to -24 from -28 in the previous month.

However, Joe Staton, head of market dynamics at GfK, cautioned that the headline measure of consumer confidence remained in negative territory and was lower than at the same time in 2016, when it stood at -5.

"In the absence of good news about rising wages and declining inflationary pressures, this off-trend number could be a temporary blip rather than a strong sign of recovery," Staton said.

Inflation stood at three percent in December, close to the quickest in nearly six years. Wage growth has failed to keep pace with the acceleration, fueled by the pound's drop in 2016. It may ease this year, and sterling's recent appreciation could help.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Thu Feb 01, 2018 10:08 pm

Australia Producer Prices Climb 0.6% In Q4

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Final demand producer prices in Australia were up 0.6 percent on quarter in the fourth quarter of 2017, the Australian Bureau of Statistics said on Friday - following the 0.2 percent gain in the three months prior.

The increase was mainly due to rises in the prices received for petroleum refining and petroleum fuel manufacturing (+11.9 percent), heavy and civil engineering construction (+0.7 percent) and building construction (+0.4 percent).

They were partly offset by falls in the prices received for sugar and confectionery manufacturing (-3.9 percent), tobacco product manufacturing (-3.8 percent) and sheep, beef cattle and grain farming; and dairy cattle farming (-3.6 percent).

On a yearly basis, producer prices jumped 1.7 percent - up from 1.6 percent in Q3.

Intermediate demand producer prices were up 1.2 percent on quarter and 3.1 percent on year, while preliminary demand producer prices advanced 1.3 percent on quarter and 3.0 percent on year.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Thu Feb 01, 2018 10:35 pm

European Markets Lower on Corporate Earnings

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European stocks ended lower on Thursday, as investors reacted to a series of corporate earnings and monitored declines from Wall Street.

The pan-European Stoxx 600 closed provisionally down half a percent, with almost most sectors and major bourses in the red. Germany's DAX led national indexes lower, down 1.4 percent.

Telecommunications stocks were among the worst performers, dragged down by Danish telecoms operator TDC. Shares of TDC slumped toward the bottom of the pan-European benchmark after reports it had reached a deal to buy Swedish Modern Times Group's broadcasting and entertainment's business. The firm's stock fell eight percent.

Vodafone reported its latest figures. The world's second-largest mobile operator reported a 1.1 percent rise in organic revenue for its third quarter, citing intense competition in Spain and Italy. Its shares were down over four percent.

AFS analyst Arne Petimezas said declines by stocks were driven by expectations of tighter central bank policy and by a sell-off on the bond market.

Eurozone government bond yields rose across the board on Thursday. Germany's 10-year government bond yield, the benchmark for the euro zone, hit a two-year high.

Oil giant Royal Dutch Shell reported that profits more than doubled in the fourth quarter of 2017 on Thursday, supported by a recent rally in oil and gas prices. Its shares were trading more than 2 percent lower, however.

Spain's second-largest bank, BBVA, reported a 90 percent fall in fourth-quarter net profit when compared to the same period a year earlier. The lender cited a 1.1 billion euro ($1.4 billion) writedown on its Telefonica stake. Shares of BBVA were down more than 1 percent.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Sun Feb 04, 2018 11:59 pm

Gold Eases on Stronger Dollar after Upbeat Jobs Data

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Gold prices edged down early on Monday on a stronger dollar following a positive U.S. jobs data published late last week, but a decline in stocks cushioned the fall.

Spot gold has fallen 0.1 percent to $1,331.80 per ounce. Spot gold on Friday declined by 1.2 percent, marking its biggest one-day decline since December 7. In the previous week, the precious metal experienced its biggest weekly fall since the week ending December 8.

U.S. gold futures traded down 0.1 percent at $1,336 per ounce.

In January, non-farm payrolls increased by 200, 00 jobs, according to the Labor Department, surpassing the expected 180, 000 increase and their biggest annual gain in over eight and a half years.

Average hourly earnings increased and bolstered the annual gain to 2.9 percent, the biggest since June 2009.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Mon Feb 05, 2018 12:27 am

China Private Sector Growth At 7-Year High

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China's private sector activity expanded at the quickest pace in seven years in January, survey data from IHS Markit showed Monday.

The Caixin composite output index, which covers both manufacturing and services, climbed to 53.7 in January from 53.0 in December.

Any reading above 50 indicates expansion in the sector.

Service sector activity grew at the fastest pace since May 2012. The seasonally adjusted General Services Business Activity Index rose to 54.7 in January from 53.9 in the preceding month.

At the same time, manufacturers signaled the quickest upturn in production levels since December 2016.

Composite employment rose slightly, after broadly stagnating between August and December last year.

"Caixin PMI readings in January showed that the Chinese economy had a good start to 2018," Dr. Zhengsheng Zhong, Director of Macroeconomic Analysis at CEBM Group said.

"Looking forward, we should watch for stability of demand in the manufacturing industry and the impact of growing costs on the profitability of service providers."

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Re: Forex News from InstaForex

Postby IFX Gertrude » Tue Feb 06, 2018 12:21 am

Australia Keeps Rates On Hold

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Australia's central bank decided to leave its key interest rate unchanged at a record low, as widely expected, on Tuesday.

The board of the Reserve Bank of Australia, governed by Philip Lowe, maintained the cash rate at 1.50 percent. The bank had reduced the rate by 25-basis points each in August and May last year.

The bank noted that the low level of interest rates is continuing to support the Australian economy.

The Bank's central forecast for the Australian economy is for GDP growth to pick up, to average a bit above 3 percent over the next couple of years.

The central forecast is for CPI inflation to be a bit above 2 percent in 2018.

Taking account of the available information, the Board judged that holding the stance of monetary policy unchanged at this meeting would be consistent with sustainable growth in the economy and achieving the inflation target over time.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Tue Feb 06, 2018 12:46 am

Gold Prices Stable as Global Equity Markets Hit by Selloff

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Gold prices were on steady footing on Tuesday, lifted by a slump in global stock markets but pressured by bets for additional rate hikes by the U.S. Federal Reserve this year.

Spot gold was mostly unchanged at $1,338.62 an ounce, after ending up 0.5 percent on Monday. The precious metal on Friday edged up 0.5 percent on Monday.

Gold fell 1.2 percent on Friday in its biggest one-day drop since December 7. In the previous week, the metal saw its biggest weekly decline since the week ending December 8. U.S. gold futures edged up 0.4 percent at $1,342 per ounce.

Last week, the U.S. Federal REserve stood pat on interest rates, but lifted its inflation outlook and signaled more gradual interest rate increases.

Stock markets retreated around the world as a rebound in U.S. inflation raised the possibility that the FEd would tighten monetary policy at a more aggressive pace than priorly expected.

However, U.S. bond yields surged on Monday as traders eased expectations the Fed would accelerate its clip of interest rate increases in the aftermath of a dramatic sell-off in the U.S. stock market, with the Dow losing more than 1, 000 points.

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Re: Forex News from InstaForex

Postby IFX Gertrude » Wed Feb 07, 2018 12:04 am

BRAZIL: Ibovespa Up 2.5% Rebound From Monday's Sharp Decline

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The Ibovespa rose 2.48% Tuesday, closing at 83,894.03 points in a day of rebound after Monday's turmoil in the U.S. markets. On the domestic front, Ita? Unibanco's result fueled financial sector stocks.

"Yesterday was a test for the market as a whole. That signaled that if interest rates rise in the United States, the market could collapse. But the message given today is clear: raising with volume above R$ 16.9 billion means that the market is bought and which yesterday was just a scare," said the chief economist of Codepe brokerage, Jos? Costa.

For the chief economist of Gradual Investimentos, Andr? Perfeito,Tuesday's rise was led by the rebound from Monday's drop.

In the business segment, Ita? Unibanco's fourth-quarter results stimulated a 3.59% increase in the bank's shares and helped financial sector stocks such as Bradesco and Banco do Brasil to rise 2.38% and 4.38%, respectively.

For Wednesday, Perfeito foresees that the Brazilian market should continue to track foreign markets and that the result of the meeting of the central bank's Monetary Policy Committee (Copom) is already priced. Costa, however, sees room for the index to continue rising, without the external interference.

Meanwhile, in a day of volatility, with global assets reversing the stress of Monday's session in adjustments, the locally traded U.S. dollar closed down, but near to stability (-0.03%), quoted at R$ 3.247.

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