Labor Market Continuous

The focus shifts once again from the United Kingdom and the quarterly inflation report to the highly indebted Spanish economy, where all markets will pay attention now to the final growth data for more details whether recession will be confirmed in Spain or not, while tracking the performance of the debt market as Spain, France and Germany prepare to auction debt today. With the lack of major fundamentals from the old continent, the focus as mentioned shifts to Spain, which is the potential next victim of the escalating debt crisis, where the fourth largest economy in the euro zone has suffered significantly from the debt crisis and the housing bubble which exploded back in 2008, while the consequences are still clear as the economy is very weak, pressured further by the European crisis ...

Markets focus to see whether the ECB paves the way for further easing Economic Data (RU) Russia Gold & Forex Reserve w/e Apr 27th: $523.3B v $519.5B prior (IN) India Apr Markit Services PMI: 52.8 v 52.3 prior (UK) Apr Nationwide House Prices M/M: -0.2% v +0.5%e; Y/Y: -0.9% v -0.3%e (IE) Ireland Apr NCB Services PMI: 52.2 v 52.1 prior (CH) Swiss Q1 UBS Real Estate Bubble Index: 0.95 v 0.80 prior (HU) Hungary Feb Final Trade Balance: €691.2M v €690.1M prelim (TR) Turkey Apr Consumer Prices M/M: 1.5% v 1.4%e; Y/Y: 11.1% v 11.0%e; Core CPI Y/Y: 0.1% v 7.9% prior (TR) Turkey Apr Producer Prices M/M: 0.1 v 0.4% prior; Y/Y: 7.7% v 8.2% prior (BR) Brazil Apr FIPE CPI: 0.5% v 0.2% prior (UK) Apr PMI Services: 53.3 v 54.1e (HK) Hong Kong Mar Retail Sales Value Y/Y: 17.3% v 14.0%e; Retail Sales ...

Today we watch the world's leading economy services activities continue on expanding but at a slower pace this past month, which was actually not predicted by the market which had actually forecasted a only a slight higher expansion of these activities, yet as an overall today's data confirms once again that business conditions keep on supporting the growth of the country. In fact the ISM services of last month; a composite diffusion index regarding the services sector conditions across the United States, which was highly forecasted to come out at around 56.8 came out instead at 56.0 from 57.3 in February; a faintly lower reading but still above a reading of 50 and therefore indicates a steady and cheerful expansion of these services activities across the nation. Now this continuous ...

Today we watch the world's leading economy services activities continue on expanding but at a slower pace this past month, which was actually not predicted by the market which had actually forecasted a only a slight higher expansion of these activities, yet as an overall today's data confirms once again that business conditions keep on supporting the growth of the country. In fact the ISM services of last month; a composite diffusion index regarding the services sector conditions across the United States, which was highly forecasted to come out at around 56.8 came out instead at 56.0 from 57.3 in February; a faintly lower reading but still above a reading of 50 and therefore indicates a steady and cheerful expansion of these services activities across the nation. Now this continuous ...

Fundamental Analysis EUR "Figures clearly show that the recession in the euro zone is far from over" - Peter Vanden Houte, an economist at ING Group Euro area services and manufacturing output fell by more than expected this month, a sign the economy has slipped into recession. USD "Decline in unemployment claims is another indication that the labor market is healing. That's good news for the March payroll report" - Gus Faucher, a senior economist at PNC Financial Services The number of Americans claiming for unemployment benefits fell to 348 thousand in the week ended March 17 from the week before, said the Department of Labor on Thursday. GBP "The data puts a real dent in hopes that the consumer may be perking up appreciably" - Howard Archer, an economist at IHS Global Insight U.K. ...

Fundamental Analysis EUR Euro Area region faced a faster contraction in private sector activity in March, highlighting worries the area may fall back into downturn. Composite PMI dropped from 49.3 in previous month to 48.7 in March reaching three month record low. Economists questioned by Marketwatch predicted the composite PMI to climb to 49.6. Service PMI fell from 48.8 to 48.7 and manufacturing index edged down from 49.0 to 47.7. USD After a slight decline to 353K two weeks ago, US unemployment claims kept sliding to a four-year-low at 348K last week. Economists say that this reading points to a robust recovery of the US labor market and the economy in general. GBP UK retail sales declined more than analysts predicted in previous month as households curbed spending. Retail sales ...

Weekly Economic and Financial Commentary U.S. Review “March Happiness” Tempered by Late Week Reports As March Mayhem arrives in the sports world, investors found much to be happy about with many of this week's economic releases. Retail sales improved for the second straight month thanks to a stronger labor market, rising consumer confidence and unseasonably warm weather across much of the country. Regional manufacturing indices also improved, while import and producer price growth slowed. However, Friday's reports tempered the enthusiasm as industrial production was unchanged, rising gas prices led to the biggest increase in consumer prices in 10 months, and consumer sentiment slipped. Signs of a Consumer Rebound Following a weak end to 2011, retail sales have bounced back, rising 0.6 ...

This week like previous ones confirm clearly that the superpower is on the right track of recovery and showed more confidence gained towards the future and therefore the coming economic performance of the country throughout this time scale since that overall data so far released regarding overall sectors activities show improvement with mainly this week showing us a clear enhancement of the labor and services sectors. If truth be told as this week starts we watch the ISM services of last month; a composite diffusion index regarding the services sector conditions across the United States, which was highly forecasted to come out at around 57.3 came out cheerfully instead at 57.3 from 56.8 in January; the fasted pace in a year as orders picked up for a fourth straight month and therefore ...

Unlike gloomy services reports released from the European Area, we watch the world's leading economy services activities expand at a faster pace this past month, which was actually not predicted at all by the market which had actually forecasted a lower expansion of these activities to accordingly stimulate further optimism regarding the present economic performance of the superpower and confirm once again that business conditions keep on supporting the growth of the country. In fact the ISM services of last month; a composite diffusion index regarding the services sector conditions across the United States, which was highly forecasted to come out at around 57.3 came out cheerfully instead at 57.3 from 56.8 in January; the fasted pace in a year as orders picked up for a fourth straight ...