Market news
30.01.2013, 13:30

European session: the euro and pound climbed

07:00 Switzerland UBS Consumption Indicator December 1.23 1.34

08:00 Switzerland KOF Leading Indicator January 1.28 1.21 1.05

09:30 United Kingdom Net Lending to Individuals, bln December -0.1 0.9 1.7

09:30 United Kingdom Mortgage Approvals December 54.0 54.5 55.8

10:00 Eurozone Business climate indicator January -1.11 -1.00 -1.09

10:00 Eurozone Industrial confidence January -14.2 -13.5 -13.9

13:15 U.S. ADP Employment Report January 185 164 192

The euro strengthened above $1.35 for the first time since December 2011 as a report showed economic confidence in the region improved this month more than analysts predicted. The 17-nation currency advanced to its strongest level since May 2010 against the yen. It rose for a second day versus the dollar before a policy meeting at which Federal Reserve officials may restate their commitment to asset purchases, or quantitative easing.

An index of executive and consumer sentiment rose to 89.2 from a revised 87.8 in December, the European Commission in Brussels said today. That’s the highest since June. Economists had forecast an increase to 88.2, according to the median of 30 estimates in survey.

The euro rose even as a report showed Spain’s recession deepened in the fourth quarter more than forecast. The Madrid- based National Statistics Institute said today that gross domestic product fell 0.7 percent in the three months through December from the previous quarter, when it declined 0.3 percent. That is more than the 0.6 percent contraction the Bank of Spain predicted Jan. 23.

The British pound rose, receiving support from the increased risk appetite and exceeded forecast data from the UK in December the number of approved applications for mortgages rose to 55.78 million (54.03 million in November), consumer loans increased to £ 0.649 billion from the previous value of £ 0.081 billion, while net lending to individuals improved to £ 1.7 billion from - £ 0.1 billion in November.


EUR / USD: during the European session, the pair rose to a new high of $ 1.3562


GBP / USD: during the European session the pair rose to a new high of $ 1.5785

USD / JPY: during the European session the pair rose to a new high of Y91.41



At 13:15 GMT the U.S. will change in the number of employees from ADP, at 13:30 GMT - the change in GDP for the quarter, the GDP price index, the index of personal consumption expenditures, the main index of personal consumption expenditures for the 4th quarter, in 15:30 GMT - data on stocks of crude oil from the Department of Energy. At 19:15 GMT FOMC decision will be published on the basic interest rate and the accompanying statement will be made FOMC. At 20:00 GMT will be published decision of the Reserve Bank of New Zealand Interest Rate will be done the accompanying statement of the Reserve Bank of New Zealand. At 23:50 GMT, Japan will release preliminary data on industrial production in December.


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