Today we may expect low volatility. There will be no significant movements at the market on Monday, the trade will be languid with expressively speculative character”, Sergey Popov, NorthFinance financial analyst says.
“The attention will be dwelled to consumer credit in England on Tuesday, which includes credit cards’ borrowing, bank credits and hire-purchases, as well as to the consumer confidence in the USA, which is expected to slightly rise. Besides, FOMC meeting on interest rates takes place tomorrow and the members are likely to keep the rate steady at its current level, 5.25% ”.
Monday, January 29, 2007
29.01.2007 - UK January retail sales balance +30 pct
The UK's retailers sector revealed the new year's sales grew at its fastest pace in just over two years.
The Confederation of British Industry (CBI) said 51 pct of retailers reported January sales volumes were higher than a year ago, while 21 pct said they were lower.
The ensuing net balance of +30 pct is the highest since December 2004's, and way above market expectations of +9 pct. Meanwhile, the three-month moving average increased to its highest since January 2005 at +15 pct.
CBI said these buoyant trading conditions are seen continuing in February, with the expected volume of sales balance in Feb seen at +22 pct
The Confederation of British Industry (CBI) said 51 pct of retailers reported January sales volumes were higher than a year ago, while 21 pct said they were lower.
The ensuing net balance of +30 pct is the highest since December 2004's, and way above market expectations of +9 pct. Meanwhile, the three-month moving average increased to its highest since January 2005 at +15 pct.
CBI said these buoyant trading conditions are seen continuing in February, with the expected volume of sales balance in Feb seen at +22 pct
Tuesday, January 9, 2007
Forex News09.01.2007 - German Nov. industrial output increased 1.8 pct
German industrial output rose a seasonally adjusted 1.8 pct in November from October, beating a forecast by economists.
Economists had predicted a month-on-month increase of 1.1 pct. Manufacturing output was up 1.4 pct in November from October, while output in the construction industry jumped 6.2 pct. Output in the energy sector rose 2.5 pct.
On a year-on-year basis, industrial output rose 6.0 pct higher after being adjusted for the number of working days. Economists had expected an adjusted year-on-year increase of 4.6 pct.
from
http://www.northfinance.com/eng/forex-analytics/forex-news/?action=show&id=2285
Economists had predicted a month-on-month increase of 1.1 pct. Manufacturing output was up 1.4 pct in November from October, while output in the construction industry jumped 6.2 pct. Output in the energy sector rose 2.5 pct.
On a year-on-year basis, industrial output rose 6.0 pct higher after being adjusted for the number of working days. Economists had expected an adjusted year-on-year increase of 4.6 pct.
from
http://www.northfinance.com/eng/forex-analytics/forex-news/?action=show&id=2285
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