07:45 France CPI, m/m February -0.6% +0.4% +0.6%
07:45 France CPI, y/y February +0.7% +1.1% +1.1%
09:00 Eurozone ECB Monthly Report March
12:30 Canada New Housing Price Index January +0.1% +0.3% +0.3%
12:30 U.S. Retail sales February -0.6% Revised From -0.4% +0.3% +0.3%
12:30 U.S. Retail sales excluding auto February -0.3% Revised From 0.0% +0.2% +0.3%
12:30 U.S. Import Price Index February +0.4% Revised From +0.1% +0.6% +0.9%
12:30 U.S. Initial Jobless Claims March 324 Revised From 323 334 315
The euro has risen sharply against the U.S. dollar in the absence of significant macro-statistics . Secondary data came from information on inflyatsii.Vo France French measure of inflation, agreed by EU standards , accelerated in February, slightly faster than expected, data showed on Thursday statistical office INSEE. Harmonized index of consumer prices , or HICP, rose 1.1 percent year on year , after rising 0.8 percent in January . Economists had expected the rate of inflation will be 1 percent . On a monthly measurement of the harmonized index of consumer prices rose 0.6 percent in February , replacing a similar decline in January. Monthly data were in line with expectations of economists.
HICP growth in February came mainly from the end of the winter sales and its effect on the prices of clothing and footwear , and to a lesser extent on the price of industrial products.
In turn, the consumer price index rose by 0.9 percent a year in February , after a 0.7 percent gain in the previous month . Economists forecast the inflation rate of 1 percent . Core inflation rose to 0.7 per cent compared with January unusually low level of 0.1 percent. The monthly increase was 0.5 percent in February compared with 0.4 percent in the previous month . On a monthly basis, the CPI rose by 0.6 per cent , offsetting the decline of similar size in the previous month . Economists had expected a gain of 0.5 percent.
Also today published a monthly report by the ECB. In its March bulletin of the ECB Governing Council reiterated that rates will be kept low for a long period of time , according to the downward revision of inflation associated with the continued weakness of the eurozone economy and " high level of spare capacity , and reducing the growth of money and credit " .
Yet a moderate recovery in the region takes place in accordance with the forecasts of the ECB, and the current outlook for prices and the economy confirms the need to continue accommodative policy , as it is necessary to maintain recovery.
The Governing Council of the ECB expects that " in 2014, the annual HICP growth will be 1.0% , in 2015 - 1.3% , and in 2016 - 1.5% ," adding that "in the last quarter of 2016 the annual rise is expected to be + 1.7 %. " As for GDP growth , the Bank expects that in 2014 it will be 2% , in 2015 - 1.5 %, and in 2016 - 1.8%.
Finally, the report calls on the National Bank of the governments of member states to increase efforts aimed at " reducing the national debt by implementing financial strategies under the Stability and Growth Pact . Authorities also need to continue structural reforms aimed at reducing the level of unemployment in the region.
The British pound also rose substantially against the dollar on housing data . Rising house prices in the UK slowed in February , showed on Thursday last poll from the Royal Institution of Chartered Surveyors (RICS). House price balance amounted to six minimum score of 45 . The result fell short of forecasts, at 52 , that it would be unchanged compared with the result of January (which was revised down from 53 ) .
Among the individual components of the survey, subindexes price expectations , sales and number of customers continued to increase . Regionally, prices rose at a much faster pace in London and the South East .
EUR / USD: during the European session, the pair rose to $ 1.3967
GBP / USD: during the European session, the pair rose to $ 1.6717
USD / JPY: during the European session, the pair fell to Y102.41 and stepped
In the U.S. at 14:00 GMT will change in the volume of reserves in commercial warehouses for January. At 21:30 GMT New Zealand will release the index of business activity in the manufacturing sector of Business NZ in February. At 23:50 GMT the meeting minutes will be published on the Bank of Japan's monetary policy .
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.