Market news
06.01.2014, 13:15

European session: the pound was down against the U.S. dollar

Data

1:45 China PMI in the service sector from HSBC December 52.5 50.9

8:48 France PMI services sector ( final data ) December 47.4 47.4 47.8

8:53 Germany PMI services sector ( final data ) December 54.0 54.0 53.5

8:58 Eurozone business activity in the services sector ( final data ) December 51.0 51.2 51.0

09:30 EU indicator of investor confidence Sentix January 8.0 9.7 11.9

09:30 UK Postal Services PMI 60.0 60.4 December 58.8

13:00 Germany CPI m / m (preliminary data ) December +0.2% +0.3%  +0.4%

13:00 Germany CPI y / y (preliminary data ) December +1.3% +1.4%  +1.4%


Rate of the euro retreated from a session high against the dollar, while returning to the opening level of today's session . Influenced the course of trading data on business activity . They showed that growth in the euro zone's private sector accelerated in December , with the support of a significant improvement in the manufacturing sector . It became known from the final data , which were published today Markit Economics.

On a seasonally adjusted composite index that measures the performance in the industrial sector and the service sector , rose to a three-month high in December - to the level of 52.1 points , compared with 51.7 in November. Add that last result corresponded to preliminary estimates . Recovery headed high in the manufacturing sector , where growth accelerated to the highest level since May 2011 , helped by the improvement in new orders . Meanwhile, it became known that the purchasing managers' index for the services sector fell slightly - to 51.0 points in December from 51.2 in November. The latter figure was in line with the preliminary estimates. Slowdown reflects continuing weakness in some domestic markets.

Slight pressure on the euro have standby output data from the U.S. . The report forecast to show that the index of business activity in the service sector from the Institute for Supply Management rose to 54.6 last month from 53.9 in November. Separate release may show that factory orders world's largest economy grew by 1.8 percent in November , compared with a fall of 0.9 % a month earlier .

Pound regained some lost ground against the dollar, but still continues to trade with a noticeable decrease . Originally currency collapse was due to the expectations of the British publication data , and amid volatile trading .

As it became known , the growth in the UK services sector unexpectedly slowed in December , against which the corresponding figure fell below 59 points. However, experts note that the confidence grew and the economy can still record its strongest expansion since 2007 last year.

According to the report , the monthly purchasing managers index (PMI) for the service sector fell to a six-month low in December - to the level of 58.8 points, contrary to the predictions of experts on the growth to the level of 60.4 points from 60.0 points in November . However, this figure remains well above the 50 mark that divides growth from contraction. We also add that business confidence about the future rose to its highest level since March 2010 - the corresponding index was 73.5 points , helped by an increase in new orders.

The yen traded upward against the dollar, although it has lost some of the previously captured positions . Japanese yen helped report , which showed that business activity index for non-manufacturing sector grew in Japan last month , registering with the fourteenth consecutive monthly expansion . This became known to their research results , which were published today Markit Economics.

According to the report , the business activity index for the services sector rose to 52.1 points in December , compared with November's three-month low of 51.8 points . This result indicates a slight acceleration of growth in business activity , as well as a continuation of a series of extensions , which lasts for 14 consecutive months.

Meanwhile, it became known that the composite PMI , which measures the efficiency in both sectors , namely in the manufacturing and service sectors , remained unchanged in December , reaching 54.0 points in this , and proceeded to point to steady expansion .


EUR / USD: during the European session, the pair rose to $ 1.3618 , but then decreased slightly

GBP / USD: during the European session, the pair fell to $ 1.6334 , then recovered slightly

USD / JPY: during the European session, the pair rose from Y104.14 to Y104.65


At 13:30 GMT , Canada will release the index of commodity prices for November. At 15:00 GMT the U.S. will release the composite index of ISM non-manufacturing areas in December , and will report on changes in the volume of industrial orders for November. At 23:50 GMT , Japan will declare to the change in the monetary base in December.

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