LONDON (Dow Jones)--Holdings of M4 by U.K. companies posted the strongest annual rate of increase in more than a year in August, but growth in overall holdings of M4 weakened, painting a mixed picture of economic health.
Data from the Bank of England, released Tuesday, showed that corporate holdings of M4 broad money slipped 0.1% on the month, but rose 0.7% on the year, while household holdings lifted 0.6% on the month and 2.9% on the year.
The BOE's new series of overall M4, excluding intermediate other financial corporations whose practices distort the data, posted a 0.2% on the month rise, weaker than a downwardly revised 0.4% increase in July.
-By Natasha Brereton, Dow Jones Newswires, +44-20-7842-9254, natasha.brereton@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=EcD%2BzY6KbOZIxjF%2FqGjJDw%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
September 29, 2009 04:50 ET (08:50 GMT)
Tuesday 29 September 2009
DATA SNAP: UK 2Q GDP Revised Up, Record Annual Fall Stands
DATA SNAP: UK 2Q GDP Revised Up, Record Annual Fall Stands
LONDON (Dow Jones)--The U.K. economy shrank slightly less than previously estimated in the second quarter, but still posted its steepest fall in annual terms since records began in 1955, the Office for National Statistics said Tuesday.
The final reading of gross domestic product showed it shrank 0.6% between April and June from the first quarter, a narrower fall than the previous estimate of a 0.7% contraction.
"The revision is almost entirely due to stronger estimates of construction output than previously forecast," the ONS said in a statement.
But the data also showed GDP was 5.5% lower than in the second quarter of 2008 - unchanged from the previous reading.
Economists were expecting revised declines of 0.6% on the quarter and 5.4% on the year, according to a Dow Jones Newswires survey last week.
The ONS said the quarterly fall in GDP in the first three months of the year was also revised wider to 2.5% from 2.4% - the sharpest drop since the second quarter of 1958 - as a result of weaker data on the output of services.
The GDP growth rate for last year as a whole was also revised down to 0.6% from 0.7%.
Web site: www.ons.gov.uk
-By Nicholas Winning, Dow Jones Newswires; +44 207 842 9498; nick.winning@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=EcD%2BzY6KbOZIxjF%2FqGjJDw%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
September 29, 2009 04:40 ET (08:40 GMT)
Copyright 2009 Dow Jones & Company, Inc.
DATA SNAP: UK Aug Net Consumer Lending +GBP699 Mln Vs July
LONDON (Dow Jones)--U.K. net consumer lending rose more sharply than expected in August, driven by a large increase in mortgage lending, data from the Bank of England showed Tuesday.
The robust figures will dampen concerns that consumers are unable to access funds to buy homes because financial institutions are unwilling to lend amid the harsh economic climate.
Total consumer lending rose GBP699 million in August, its largest rise since April, following a downwardly-revised drop of GBP462 million in July.
Economists had expected net consumer lending to increase by GBP300 million, according to a Dow Jones Newswires survey last week.
The rise in consumer lending was driven by an increase of GBP1.009 billion in mortgage lending, which was partially offset by a fall of GBP309 million in consumer credit.
This rise in mortgage lending was the biggest since February.
Mortgage approvals eased back slightly in August to 52,317, down from 52,404 in July.
Web site: http://www.bankofengland.co.uk/
-By Adam Bradbery, Dow Jones Newswires; 44 20 7842 9305; adam.bradbery@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=EcD%2BzY6KbOZIxjF%2FqGjJDw%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
September 29, 2009 04:41 ET (08:41 GMT)
Copyright 2009 Dow Jones & Company, Inc.
By Nicholas Winning and Joe Parkinson
OF DOW JONES NEWSWIRES
LONDON (Dow Jones)--The U.K. economy shrank slightly less than previously estimated in the second quarter, but still posted its steepest fall in annual terms since records began in 1955, the Office for National Statistics said Tuesday.
The final reading of gross domestic product showed it shrank 0.6% between April and June from the first quarter, a narrower fall than the previous estimate of a 0.7% contraction.
"The revision is almost entirely due to stronger estimates of construction output than previously forecast," the ONS said in a statement.
But the data also showed GDP was 5.5% lower than in the second quarter of 2008 - unchanged from the previous reading.
Economists were expecting revised declines of 0.6% on the quarter and 5.4% on the year, according to a Dow Jones Newswires survey last week.
The ONS said the quarterly fall in GDP in the first three months of the year was also revised wider to 2.5% from 2.4% - the sharpest drop since the second quarter of 1958 - as a result of weaker data on the output of services.
The GDP growth rate for last year as a whole was also revised down to 0.6% from 0.7%.
Web site: www.ons.gov.uk
-By Nicholas Winning, Dow Jones Newswires; +44 207 842 9498; nick.winning@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=EcD%2BzY6KbOZIxjF%2FqGjJDw%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
September 29, 2009 04:40 ET (08:40 GMT)
Copyright 2009 Dow Jones & Company, Inc.
DATA SNAP: UK Aug Net Consumer Lending +GBP699 Mln Vs July
DATA SNAP: UK Aug Net Consumer Lending +GBP699 Mln Vs July
LONDON (Dow Jones)--U.K. net consumer lending rose more sharply than expected in August, driven by a large increase in mortgage lending, data from the Bank of England showed Tuesday.
The robust figures will dampen concerns that consumers are unable to access funds to buy homes because financial institutions are unwilling to lend amid the harsh economic climate.
Total consumer lending rose GBP699 million in August, its largest rise since April, following a downwardly-revised drop of GBP462 million in July.
Economists had expected net consumer lending to increase by GBP300 million, according to a Dow Jones Newswires survey last week.
The rise in consumer lending was driven by an increase of GBP1.009 billion in mortgage lending, which was partially offset by a fall of GBP309 million in consumer credit.
This rise in mortgage lending was the biggest since February.
Mortgage approvals eased back slightly in August to 52,317, down from 52,404 in July.
Web site: http://www.bankofengland.co.uk/
-By Adam Bradbery, Dow Jones Newswires; 44 20 7842 9305; adam.bradbery@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=EcD%2BzY6KbOZIxjF%2FqGjJDw%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
September 29, 2009 04:41 ET (08:41 GMT)
Copyright 2009 Dow Jones & Company, Inc.
DATA SNAP: UK 2Q Current Account Deficit Widens Sharply
Tue, Sep 29 2009, 08:33 GMT
http://www.djnewswires.com/eu
DATA SNAP: UK 2Q Current Account Deficit Widens Sharply
By Joe Parkinson and Nicholas Winning
OF DOW JONES NEWSWIRES
LONDON (Dow Jones)--The U.K.'s current account deficit widened in the second quarter to its largest level for nearly two years, as investment income narrowed and trade in services weakened, data from the Office for National Statistics showed Tuesday.
The current account deficit for the April-to-June period totaled GBP11.4 billion, compared with a revised deficit of GBP4.1 billion in the first three months of the year.
The first-quarter deficit was originally reported as GBP8.5 billion.
The deficit was larger than the market consensus estimate of a GBP8.0 billion deficit from a Dow Jones Newswires survey of economists last week.
As a share of economic output, the deficit rose to 3.3% of gross domestic product from a downwardly revised 1.2% in the first quarter.
The surplus on investment income shrank to GBP1.4 billion from an upwardly revised GBP7.0 billion in the first quarter, while the deficit on the trade in goods fell to GBP19.9 billion from GBP20.8 billion.
However, the surplus on the trade in services fell to GBP11.3 billion from GBP13.4 billion.
Web site: www.ons.gov.uk
-By Joe Parkinson and Nicholas Winning, Dow Jones Newswires; +44 207 842 9291; joe.parkinson@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=EcD%2BzY6KbOZIxjF%2FqGjJDw%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
September 29, 2009 04:33 ET (08:33 GMT)
Copyright 2009 Dow Jones & Company, Inc.
UPDATE: Spain Sep Flash HCPI -1% On Year Vs -0.8% In Aug
(Adds analyst comment.)
MADRID (Dow Jones)--The pace of decline of Spanish consumer prices accelerated again in September, preliminary data from Spain's National Statistics Institute showed Tuesday.
In a statement, the INE said Spain's European Union-harmonized consumer price index fell 1% on the year earlier in September after falling 0.8% on the year in August.
A Dow Jones Newswires survey of five analysts had forecast an 0.8% annual decline in September.
BNP Paribas said in a research note that the fall was more than expected and the weaker data was a surprise.
However, BNP said the downward tick in September should be temporary, noting that strong food and energy price base effects should help push overall inflation higher in the coming months. Core inflation, on the other hand, should continue to move lower as Spain is going through a price adjustment to regain competitiveness, BNP said.
In March, Spain became the first country in the euro zone to report an annual decline in consumer prices during the global economic recession. Weak economic conditions continued to hurt domestic consumption amid rising unemployment during recent months.
Inflation has eased sharply across the euro-zone trading area, allowing the European Central Bank to slash interest rates to support the economy.
-By Jonathan House and Jason Sinclair, Dow Jones Newswires; +34-91-3958121; jonathan.house@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=EcD%2BzY6KbOZIxjF%2FqGjJDw%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
September 29, 2009 04:35 ET (08:35 GMT)
By Joe Parkinson and Nicholas Winning
OF DOW JONES NEWSWIRES
LONDON (Dow Jones)--The U.K.'s current account deficit widened in the second quarter to its largest level for nearly two years, as investment income narrowed and trade in services weakened, data from the Office for National Statistics showed Tuesday.
The current account deficit for the April-to-June period totaled GBP11.4 billion, compared with a revised deficit of GBP4.1 billion in the first three months of the year.
The first-quarter deficit was originally reported as GBP8.5 billion.
The deficit was larger than the market consensus estimate of a GBP8.0 billion deficit from a Dow Jones Newswires survey of economists last week.
As a share of economic output, the deficit rose to 3.3% of gross domestic product from a downwardly revised 1.2% in the first quarter.
The surplus on investment income shrank to GBP1.4 billion from an upwardly revised GBP7.0 billion in the first quarter, while the deficit on the trade in goods fell to GBP19.9 billion from GBP20.8 billion.
However, the surplus on the trade in services fell to GBP11.3 billion from GBP13.4 billion.
Web site: www.ons.gov.uk
-By Joe Parkinson and Nicholas Winning, Dow Jones Newswires; +44 207 842 9291; joe.parkinson@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=EcD%2BzY6KbOZIxjF%2FqGjJDw%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
September 29, 2009 04:33 ET (08:33 GMT)
Copyright 2009 Dow Jones & Company, Inc.
UPDATE: Spain Sep Flash HCPI -1% On Year Vs -0.8% In Aug
UPDATE: Spain Sep Flash HCPI -1% On Year Vs -0.8% In Aug
(Adds analyst comment.)
By Jonathan House
Of DOW JONES NEWSWIRES
MADRID (Dow Jones)--The pace of decline of Spanish consumer prices accelerated again in September, preliminary data from Spain's National Statistics Institute showed Tuesday.
In a statement, the INE said Spain's European Union-harmonized consumer price index fell 1% on the year earlier in September after falling 0.8% on the year in August.
A Dow Jones Newswires survey of five analysts had forecast an 0.8% annual decline in September.
BNP Paribas said in a research note that the fall was more than expected and the weaker data was a surprise.
However, BNP said the downward tick in September should be temporary, noting that strong food and energy price base effects should help push overall inflation higher in the coming months. Core inflation, on the other hand, should continue to move lower as Spain is going through a price adjustment to regain competitiveness, BNP said.
In March, Spain became the first country in the euro zone to report an annual decline in consumer prices during the global economic recession. Weak economic conditions continued to hurt domestic consumption amid rising unemployment during recent months.
Inflation has eased sharply across the euro-zone trading area, allowing the European Central Bank to slash interest rates to support the economy.
-By Jonathan House and Jason Sinclair, Dow Jones Newswires; +34-91-3958121; jonathan.house@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=EcD%2BzY6KbOZIxjF%2FqGjJDw%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
September 29, 2009 04:35 ET (08:35 GMT)
ECB's Noyer: Financial Globalization Not Cause Of Crisis
ECB's Noyer: Financial Globalization Not Cause Of Crisis
PARIS -(Dow Jones)- Financial globalization isn't "in itself" the cause of the economic crisis, European Central Bank governing council member and governor of the Bank of France, Christian Noyer, said Tuesday.
But it has highlighted failures in the regulatory framework, Noyer said at a conference in Paris.
Noyer added the crisis has revealed the need to supervise the financial system as a whole and not just individual financial institutions.
-By Ruth Bender, Dow Jones Newswires; +33 1 4017 1740; ruth.bender@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=EcD%2BzY6KbOZIxjF%2FqGjJDw%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
September 29, 2009 04:18 ET (08:18 GMT)
WARSAW (Dow Jones)--The Polish central bank said Tuesday its base scenario for the country assumes that the economy will gradually rebound in 2010 and reach 2% growth in 2011.
In a report called "Poland and the Global Economic Crisis," the bank said the public sector deficit will rise to over 7% of gross domestic product growth in 2010 from the projected 5.9% of GDP this year.
The higher deficit will fuel a rise in public debt to close to 60% in 2010, breaching the 55% threshold, which under the constitution triggers austerity measures, the bank said.
-By Malgorzata Halaba; Dow Jones Newswires; +4822 447 2433; malgorzata.halaba@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=EcD%2BzY6KbOZIxjF%2FqGjJDw%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
September 29, 2009 04:30 ET (08:30 GMT)
PARIS -(Dow Jones)- Financial globalization isn't "in itself" the cause of the economic crisis, European Central Bank governing council member and governor of the Bank of France, Christian Noyer, said Tuesday.
But it has highlighted failures in the regulatory framework, Noyer said at a conference in Paris.
Noyer added the crisis has revealed the need to supervise the financial system as a whole and not just individual financial institutions.
-By Ruth Bender, Dow Jones Newswires; +33 1 4017 1740; ruth.bender@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=EcD%2BzY6KbOZIxjF%2FqGjJDw%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
September 29, 2009 04:18 ET (08:18 GMT)
Polish Central Bank Base Scenario Sees Econ Rebound In 2010
Polish Central Bank Base Scenario Sees Econ Rebound In 2010WARSAW (Dow Jones)--The Polish central bank said Tuesday its base scenario for the country assumes that the economy will gradually rebound in 2010 and reach 2% growth in 2011.
In a report called "Poland and the Global Economic Crisis," the bank said the public sector deficit will rise to over 7% of gross domestic product growth in 2010 from the projected 5.9% of GDP this year.
The higher deficit will fuel a rise in public debt to close to 60% in 2010, breaching the 55% threshold, which under the constitution triggers austerity measures, the bank said.
National Bank of Poland website: http://www.nbp.pl
-By Malgorzata Halaba; Dow Jones Newswires; +4822 447 2433; malgorzata.halaba@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=EcD%2BzY6KbOZIxjF%2FqGjJDw%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
September 29, 2009 04:30 ET (08:30 GMT)
Forex: GBP/USD: Pound continues to target 1.5690/10 - Commerzbank
Tue, Sep 29 2009, 08:05 GMT
http://www.fxstreet.com
Pound's rebounds will, most likely be corrective and capped by 1.6110/50, says Jones: "Yesterdays rebound filled the weekend gap (to 1.5920) and we look for near term corrective rebounds to main capped by 1.6110/50 (break down point for the top pattern) and we continue to target initially 1.5690/10 (Fibonacci retracement and the 55 week ma) and then 1.5270."
Support levels, according to Jones lie at 1.5800/0, and below there, 1.5770 and 1.5690. On the upside, resistance levels are 1.6000, 1.6045 and 1.6110/48.
DJ Currency Rates Of Coffee Producing, Consuming Countries
DJ Currency Rates Of Coffee Producing, Consuming Countries
Current Prior
Producers
Angola (Readj Kwanza) AOA 77.805 78
Bolivia (Boliviano) BOB 7.02 7.02
Brazil (Real) BRL 1.791 1.791
Burundi (Franc) BIF 1240 1241
Central African States XAF 449.5 448.5
Central Bank of West AfriXOF 449.5 448.5
Colombia (Peso) COP 1923.5 1917.6
Costa Rica (Colon) CRC 582.7 582.7
Cuba (Peso) CUP 1 1
Dominican Rep (Peso) DOP 36.1 36.1
Ecuador (USD) USD 1 1
El Salvador (Colon) SVC 8.7475 8.7475
Ethiopia (Birr) ETB 12.59 12.59
Guatemala (Quetzal) GTQ 8.3065 8.3065
Guinea Rep (Franc) GNF 5025 5020
Haiti (Gourde) HTG 39.75 39.75
Honduras Rep (Lempira) HNL 18.895 18.895
India (Rupee) INR 48.07 47.87
Indonesia (Rupiah) IDR 9715 9720
Kenya (Shilling) KES 75.35 75.78
Malawi (Kwacha) MWK 140.6057 140.6069
Mexico (Peso) MXN 13.5575 13.5865
Nicaragua (Cordoba Oro) NIO 19.9603 19.972
Papua New Guinea (Kina) PGK 0.37375 0.37175
Peru (Nuevo Sol) PEN 2.88 2.88
Philippines (Peso) PHP 47.6 47.63
Venezuela (Bolivar) VEB 2147.3 2147.3
Vietnam (Dong) VND 17841.5 17842
Zambia (Kwacha) ZMK 4740 4750
Zimbabwe (Dollar) ZWD 364.6 362.7
Consumers
Denmark (Krone) DKK 5.1059 5.0954
European Union (Euro) EUR 1.45755 1.46065
Japan (Yen) JPY 89.77 89.605
Norway (Krone) NOK 5.84185 5.8595
Sweden (Krona) SEK 7.02825 7.0285
Switzerland (Franc) CHF 1.0363 1.034
* = The CFA Franc is the common currency of 14 African countries
which are members of the Franc zone:
XOF = Benin, Burkina, Ivory Coast, Guinea Bissau, Mali, Niger,
Senegal and Togo under the Central Bank of the West African States.
XAF = Cameroon, Central African Republic, Chad, Congo, Equatorial Guinea,
and Gabon, under the Bank of the Central African States.
All currencies are quoted in units of currency per U.S. dollar.
Source: Thomson Reuters
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=EcD%2BzY6KbOZIxjF%2FqGjJDw%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
September 29, 2009 04:09 ET (08:09 GMT)
DATA SNAP: Italian August Hourly Wages +2.4% On Year
Tue, Sep 29 2009, 08:04 GMT
http://www.djnewswires.com/eu
DATA SNAP: Italian August Hourly Wages +2.4% On Year
By Luca Di Leo
Of DOW JONES NEWSWIRES
ROME (Dow Jones)--Italian hourly wage growth in August rose significantly more than inflation as salaries of public sector workers increased, statistics office Istat said Tuesday.
Hourly wages in August rose by 2.4% on the year, accelerating from a 2.1% increase in July, Istat said. By comparison, the annual inflation rate in Italy stood at 0.1% in August.
Wages in the public administration rose by 3.1% on the year in August, while they were up an annual 2.1% in the private sector.
Public sector wages in Italy have risen twice as fast as the private sector in recent years despite lower productivity gains.
Statistics office web site: www.istat.it
-By Luca Di Leo, Dow Jones Newswires; +39 06 6976 6921; luca.dileo@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=EcD%2BzY6KbOZIxjF%2FqGjJDw%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
September 29, 2009 04:04 ET (08:04 GMT)
Copyright 2009 Dow Jones & Company, Inc.
http://www.djnewswires.com/eu
DATA SNAP: Italian August Hourly Wages +2.4% On Year
By Luca Di Leo
Of DOW JONES NEWSWIRES
ROME (Dow Jones)--Italian hourly wage growth in August rose significantly more than inflation as salaries of public sector workers increased, statistics office Istat said Tuesday.
Hourly wages in August rose by 2.4% on the year, accelerating from a 2.1% increase in July, Istat said. By comparison, the annual inflation rate in Italy stood at 0.1% in August.
Wages in the public administration rose by 3.1% on the year in August, while they were up an annual 2.1% in the private sector.
Public sector wages in Italy have risen twice as fast as the private sector in recent years despite lower productivity gains.
Statistics office web site: www.istat.it
-By Luca Di Leo, Dow Jones Newswires; +39 06 6976 6921; luca.dileo@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=EcD%2BzY6KbOZIxjF%2FqGjJDw%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
September 29, 2009 04:04 ET (08:04 GMT)
Copyright 2009 Dow Jones & Company, Inc.
Forex: EUR/USD: Euro drops below 1.4600, pares gains
Tue, Sep 29 2009, 07:41 GMT
http://www.fxstreet.com
On a wider perspective, the Pair remains, moving within the range seen during the last 12 hours from 1.4585 to 1.4635, although range floor at 1.4585 has been tested recently. Below here, next support levels lie at 1.4560 (Sept 15 low) and 1.4530/35 projection. On teh upside, resistance levels lie at 1.4650, and above here, 1.4675/80 and 1.4720/25 (Sept 25/28 high).
According to Nicole Elliott, senior technical analyst at Mizuho Corporate Bank, the pair will continue consolidating at current levels: "Correcting and consolidating, clearly above the most recent Fibonacci retracement, between the nine-day and twenty-six day averages. Allow for more sideways work today and maybe for a fortnight."
DATA SNAP:Italy Business Confidence Falls To 74 In September
Tue, Sep 29 2009, 07:45 GMT
http://www.djnewswires.com/eu
DATA SNAP:Italy Business Confidence Falls To 74 In September
ROME (Dow Jones)--Italian business confidence dropped in September as the outlook for international orders worsened markedly, with the data surprising markets by reversing the past five months' upward trend, figures showed Tuesday.
The business confidence index in the European Union's fourth-largest economy fell to 74 from a downwardly revised 74.4 in August, as sentiment about current demand and output perspectives deteriorated, state-funded research center ISAE said.
The reading was well below a Dow Jones Newswires poll of nine economists, which forecast business confidence to rise to 75.8 in September.
The ISAE business sentiment survey was conducted Sept. 1-17.
Web site: www.isae.it
-By Chiara Vasarri and Giada Zampano; Dow Jones Newswires; +39 06 697 66920; chiara.vasarri@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=EcD%2BzY6KbOZIxjF%2FqGjJDw%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
September 29, 2009 03:45 ET (07:45 GMT)
Copyright 2009 Dow Jones & Company, Inc.
By Chiara Vasarri and Giada Zampano
Of DOW JONES NEWSWIRES
ROME (Dow Jones)--Italian business confidence dropped in September as the outlook for international orders worsened markedly, with the data surprising markets by reversing the past five months' upward trend, figures showed Tuesday.
The business confidence index in the European Union's fourth-largest economy fell to 74 from a downwardly revised 74.4 in August, as sentiment about current demand and output perspectives deteriorated, state-funded research center ISAE said.
The reading was well below a Dow Jones Newswires poll of nine economists, which forecast business confidence to rise to 75.8 in September.
The ISAE business sentiment survey was conducted Sept. 1-17.
Web site: www.isae.it
-By Chiara Vasarri and Giada Zampano; Dow Jones Newswires; +39 06 697 66920; chiara.vasarri@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=EcD%2BzY6KbOZIxjF%2FqGjJDw%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
September 29, 2009 03:45 ET (07:45 GMT)
Copyright 2009 Dow Jones & Company, Inc.
DATA SNAP: Spain August Retail Sales -4% Vs -4.6% In July
Tue, Sep 29 2009, 07:14 GMT
http://www.djnewswires.com/eu
DATA SNAP: Spain August Retail Sales -4% Vs -4.6% In July
MADRID (Dow Jones)--Spanish retail sales continued to fall in August, Spain's National Statistics Institute said Tuesday, as high unemployment weighs on consumption.
Retail sales fell 4% on the year in August, after falling 4.6% in July and 3% in June.
In calendar-adjusted terms, retail sales also fell by 4% in August.
Spanish consumption has been undermined by rapidly rising unemployment and declining consumer confidence as the country's ailing construction industry sheds hundreds of thousands of jobs.
INE Web site: www.ine.es
-By Jonathan House, Dow Jones Newswires; +34 91 395 8121; jonathan.house@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=EcD%2BzY6KbOZIxjF%2FqGjJDw%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
September 29, 2009 03:14 ET (07:14 GMT)
Copyright 2009 Dow Jones & Company, Inc.
The following is a press release from Statistiska Centralbyran, or SCB, the Swedish central government authority for official statistics.
STOCKHOLM--Retail trade sales decreased by 2.1% in August compared to July, seasonally adjusted figures. Compared to August 2008 the retail trade sales increased by 1.2%.
Retail trade for mostly food increased 3.3% compared to August 2008 and retail trade for mostly durables decreased by 0.3%.
Statistics Sweden Web site: www.scb.se
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=EcD%2BzY6KbOZIxjF%2FqGjJDw%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
September 29, 2009 03:30 ET (07:30 GMT)
By Jonathan House
Of DOW JONES NEWSWIRES
MADRID (Dow Jones)--Spanish retail sales continued to fall in August, Spain's National Statistics Institute said Tuesday, as high unemployment weighs on consumption.
Retail sales fell 4% on the year in August, after falling 4.6% in July and 3% in June.
In calendar-adjusted terms, retail sales also fell by 4% in August.
Spanish consumption has been undermined by rapidly rising unemployment and declining consumer confidence as the country's ailing construction industry sheds hundreds of thousands of jobs.
INE Web site: www.ine.es
-By Jonathan House, Dow Jones Newswires; +34 91 395 8121; jonathan.house@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=EcD%2BzY6KbOZIxjF%2FqGjJDw%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
September 29, 2009 03:14 ET (07:14 GMT)
Copyright 2009 Dow Jones & Company, Inc.
Swedish August Retail Sales -2.1% On Month
Tue, Sep 29 2009, 07:30 GMT
http://www.djnewswires.com/eu
Swedish August Retail Sales -2.1% On Month
The following is a press release from Statistiska Centralbyran, or SCB, the Swedish central government authority for official statistics.
STOCKHOLM--Retail trade sales decreased by 2.1% in August compared to July, seasonally adjusted figures. Compared to August 2008 the retail trade sales increased by 1.2%.
Retail trade for mostly food increased 3.3% compared to August 2008 and retail trade for mostly durables decreased by 0.3%.
Statistics Sweden Web site: www.scb.se
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=EcD%2BzY6KbOZIxjF%2FqGjJDw%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
September 29, 2009 03:30 ET (07:30 GMT)
DATA SNAP: Spain Sep Flash HCPI -1% On Yr Vs -0.8% In Aug
Tue, Sep 29 2009, 07:00 GMT
http://www.djnewswires.com/eu
DATA SNAP: Spain Sep Flash HCPI -1% On Yr Vs -0.8% In Aug
MADRID (Dow Jones)--The pace of decline of Spanish consumer prices accelerated again in September, preliminary data from Spain's National Statistics Institute showed Tuesday.
In a statement, the INE said Spain's European Union-harmonized consumer price index fell 1% on the year earlier in September after falling 0.8% on the year in August.
A Dow Jones Newswires survey of five analysts had forecast an 0.8% annual decline in September. In March, Spain became the first country in the euro zone to report an annual decline in consumer prices during the global economic recession. Weak economic conditions continued to hurt domestic consumption amid rising unemployment during recent months.
Inflation has eased sharply across the euro-zone trading area, allowing the European Central Bank to slash interest rates to support the economy.
-By Jonathan House, Dow Jones Newswires; +34-91-3958121; jonathan.house@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=EcD%2BzY6KbOZIxjF%2FqGjJDw%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
September 29, 2009 03:00 ET (07:00 GMT)
Copyright 2009 Dow Jones & Company, Inc.
By Jonathan House
Of DOW JONES NEWSWIRES
MADRID (Dow Jones)--The pace of decline of Spanish consumer prices accelerated again in September, preliminary data from Spain's National Statistics Institute showed Tuesday.
In a statement, the INE said Spain's European Union-harmonized consumer price index fell 1% on the year earlier in September after falling 0.8% on the year in August.
A Dow Jones Newswires survey of five analysts had forecast an 0.8% annual decline in September. In March, Spain became the first country in the euro zone to report an annual decline in consumer prices during the global economic recession. Weak economic conditions continued to hurt domestic consumption amid rising unemployment during recent months.
Inflation has eased sharply across the euro-zone trading area, allowing the European Central Bank to slash interest rates to support the economy.
-By Jonathan House, Dow Jones Newswires; +34-91-3958121; jonathan.house@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=EcD%2BzY6KbOZIxjF%2FqGjJDw%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
September 29, 2009 03:00 ET (07:00 GMT)
Copyright 2009 Dow Jones & Company, Inc.
Forex: USD/JPY: Prices will hold above 88.23 today, and probably all week - Mizuho
Tue, Sep 29 2009, 07:14 GMT
http://www.fxstreet.com
FXstreet.com (Barcelona) - The Dollar sank on Monday to a fresh 7-month low at 88.20 to recover later towards levels right below 90.00, and according To Nicole Elliott, senior technical analyst at Mizuho Corporate Bank the pair will hover around here during the day.
Yesterda's low at 88.20, thus, will remain intact today and possibly, all week, says Elliott: " massive ‘hammer’ candle yesterday suggests prices will hold above its low at 88.23 today and probably all week. This morning the corrective bounce has been capped by the 9-day moving average at 90.39 and we may hover around here for much of today."
Furthermore, Elliott sees rallies to 91.50 as good selling opportunities: "Rallies towards 91.50 are seen as medium term selling opportunities for an eventual test of January’s low at 87.10. The US dollar is hardly oversold any more and at-the-money implied volatility should increase as prices thrash around between 87.00 and 92.00 this month."
Subscribe to:
Posts (Atom)
Posts
