Market news
24.10.2013, 12:17

European session: the euro rose

06:58 France Manufacturing PMI (Preliminary) October 49.8 50.3 49.4

06:58 France Services PMI (Preliminary) October 51.0 51.2 50.2

07:28 Germany Manufacturing PMI (Preliminary) October 51.1 51.6 51.5

07:28 Germany Services PMI (Preliminary) October 53.7 53.8 52.3

07:58 Eurozone Manufacturing PMI (Preliminary) October 51.1 51.4 51.3

07:58 Eurozone Services PMI (Preliminary) October 52.2 52.3 50.9

10:00 United Kingdom CBI industrial order books balance October 9 10 -4


The dollar fell against most major currencies , as recent partial shutdown of the government 's economic growth slowed in the United States . Against this background, there were views that the Federal Reserve would be forced to extend the duration of the program of monetary stimulus.

The dollar approached a two-year low against the euro ahead of the publication of today's report on the number of new applications to receive unemployment benefits in the U.S.. According to the median forecast of economists , the U.S. Labor Department is likely to fix the growing number of people continuing to receive unemployment benefits to 2,870,000 . However , for the week ending Oct. 19 , the rate may drop to 340 thousand against 358 thousand in the previous week . It should be noted that a partial government shutdown , which began Oct. 1 , is likely to decrease by 0.25 percentage points of economic growth in the fourth quarter and in October was worth the loss of 120 thousand jobs . This was on October 22 said the chief economic adviser to President Barack Obama.

The euro fell back from the reached 23 -month high against the dollar after the publication of disappointing purchasing managers' index (PMI) in the eurozone.

The data showed that manufacturing activity in the services sector in October rose a fourth straight month , but the pace of growth slowed compared with the last few months. Because of the decline in services preliminary composite purchasing managers' index (PMI) fell unexpectedly to 51.5 from 52.2 in September. Economists had expected the index to rise to 52.4 . Services PMI fell to 50.9 in October from 52.2 , while , according to forecasts , it has been a little increase to 52.3 . On the other hand, the growth of manufacturing activity improved slightly in October, the corresponding index rose to 51.3 from 51.1 in September. It was expected the index to rise to 51.4 .


EUR / USD: during the European session, the pair rose to $ 1.3822 , and then fell to $ 1.3764


GBP / USD: during the European session, the pair rose to $ 1.6223 , and then fell to $ 1.6161


USD / JPY: during the European session, the pair rose to Y97.62, and then fell to Y97.28

In the U.S., will be released at 13:00 GMT the index of business activity in the manufacturing sector in October , at 14:00 GMT - the volume of sales in the primary market in September , the level of vacancies and labor turnover from the Bureau of Labor Statistics for August. At 23:30 GMT Japan will release the consumer price index , consumer price index excluding prices for fresh food , the consumer price index excluding prices for food and energy in September , the CPI Tokyo, Tokyo CPI excluding prices for fresh food, Tokyo CPI excluding prices for food and energy in October.


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