Expand At Slowest Pace

The Indian rupee dropped today as a disagreement for the European leaders about a way to tackle the debt problems lead to risk aversion sentiment on the Forex market that hurt riskier currencies of emerging markets. Still, the currency managed to rebound at present. As was expected, the summit of the European Union chiefs has not provided a positive result. And the rupee desperately needs a bullish story, but it has not found it in Europe and it is not likely to find it in India itself. The Organization of Economic Cooperation and Development predicted that India’s growth may remain “subdued” in the fiscal year through March 2013. Indeed, analysts forecast that the economy would expand 6.1 percent in the first quarter of this year from a year ago, at the same rate as in the previous ...

Dukascopy Fundamental Analysis EUR Investors battered European stocks, dumped the bonds of Spain and Italy, and bid the euro down against the dollar Monday after the collapse of weekend coalition talks in Greece edged that country closer to an exit from the euro zone. USD Retail sales in the U.S. rose in April at the slowest pace of the year, showing unseasonably mild weather and pre-Easter shopping may have pulled consumers to stores the prior month. GBP Governor Mervyn King looks set to leave the door open to more support for the struggling economy when he presents the Bank of England's new economic outlook on Wednesday, which is likely to show a tricky mix of lower growth and higher inflation ahead. CHF Swiss stocks lost ground on Monday on concern Greece will exit the Eurozone. ...

Several key data were reported today on the U.S soil; watching on one hand retail sales rising in April at the slowest pace of the year while on the other hand manufacturing expanded cheerfully further in the New York region above the market projections and the country`s cost of living came in unchanged and as already projected in April. In fact starting with the retail sales of the superpower of April we see the advanced retail sales for that period coming in at 0.1 percent as expected; lower than the prior revised reading of 0.7 percent from 0.8 percent, while that the retail sales less autos also plummeted gloomily to 0.1 percent from 0.8 percent; this time slightly below the market forecasts of 0.2 percent. This phenomenon is caused mainly by the warm weather witnessed that period ...

Global stocks rebounded on Friday on data that showed U.S. consumer sentiment rose to its highest level in more than four years in early May, but commodity prices fell after weak data from China reduced demand expectations. European and U.S. stocks turned higher after the Thomson Reuters/University of Michigan survey showed nearly twice as many Americans reported hearing about new job gains than fresh job losses, despite a recent slowdown in job growth. The gains in equity markets helped trim losses in crude oil and led the euro to rebound against the U.S. dollar. "Households are feeling more comfortable. It's pretty good news for consumer spending," said Gus Faucher, senior macroeconomist at PNC Financial Services in Pittsburgh. The Dow Jones industrial average .DJI was up 35.12 ...

U.S. stocks-index futures pointed to a down day for Wall Street on Friday, following a global rout after the largest U.S. bank by asset, JPMorgan Chase & Co announced a $2billion trading loss and China`s industrial out unexpectedly stalled in April. As of 06:26 a.m. New York Time, Dow Jones Industrial Average futures expiring in June fell 0.43 percent to 12,778, Standard & Poor`s 500 Index futures lost 0.47 percent to 1,351.20, and NASDAQ 100 futures slipped 0.24 percent to 2,612.50. Stocks and commodities dropped while the yen strengthened after the JPMorgan`s CEO Jamie Dimon said an "egregious" failure on its complex credit securities led to losses in its chief investment office. JPMorgan Shares lost 6.2 in pre-market trading. Financial shares racted negatively to the JPMorgan shock, ...

The Chinese manufacturing sector improved in April for the third consecutive month, showing that the world’s second-biggest economy is still positive with stability signs amid Europe’s debt crisis and a cooling domestic property market. China’s statistics bureau and logistics federation issued the PMI manufacturing, where the nation's purchasing-managers index advanced to 53.3 in April compared with 53.1 in March, lower than economists’ forecast of 53.6, but the reading is still above 50 that indicate there is an expansion in the industrial sector. Today’s report showed that the Chinese economy is on the track after the slowest pace in about three years, but this period the Chinese economic performance is still facing pressures as companies face increasing operational difficulties. ...

Fundamental Analysis EUR "The outlook for the industrial sector is bleak" - Martin van Vliet, an economist at ING Group Euro-area industrial production unexpectedly rose in February, even as the region’s economy continued to slide into a recession. Production increased 0.5 per cent from January, said the European Union’s statistics office in Luxembourg on Thursday. USD "Import prices were certainly a problem for businesses in the last three months, but we’ve seen those pressures ease" - Jacob Oubina, a senior U.S. economist at RBC Capital Markets LLC The number of Americans claiming for unemployment benefits rose to 380 thousand in the week ended April 7 from the week before, said the Department of Labor on Thursday. GBP "Concern persists that U.K. exports will be limited in the near ...

(Reuters) - Call it spring fever. For the third year in a row, optimism is spreading that growth in the United States could be poised to accelerate and drive the economy into sunnier pastures. Claims for first-time jobless benefits dipped to a four-year low last week as layoffs slow. Factory output is steadily expanding. Retail sales have picked up the past two months. And Europe no longer looms as an immediate threat since Greece restructured its debt and won more bailout money. Even a 9 percent surge in gasoline prices on tensions with Iran over its nuclear program has failed to take much shine off consumer confidence. The University of Michigan survey slipped by one point to 74.3 in early March, but views on current conditions edged upward. "For now it's a Goldilocks scenario -- ...

(Reuters) - U.S. consumer prices rose the most in 10 months in February as the cost of gasoline spiked, but there was little sign that underlying inflation pressures were building up. Surging gasoline prices put a small dent in consumer confidence early this month, other data showed on Friday. Still, Americans do not believe the sharp run-up in prices will last. The Labor Department said the Consumer Price Index rose 0.4 percent in February after advancing 0.2 percent in January. Gasoline accounted for more than 80 percent of the rise. Stripping out volatile food and energy costs, the so-called core CPI edged up just 0.1 percent. "Consumer purchasing power, at least for the next few months, is going to remain pressured by rising gasoline prices," said Sam Bullard, a senior economist at ...