Youtradefx Daily Market
Today’s highlights:
· BoJ Press Conference (Jap, Tentative)
· KOF Leading Indicators (CH, 08:00 GMT)
· SNB Chairman Thomas Jordan speaks (CH, 09:00 GMT)
· GDP (QoQ) (U.S, 13:30 GMT)
· Michigan Consumer Sentiment (U.S, 14:55 GMT)
Applications for U.S. unemployment benefits fell to a six-week low, a sign the labor market is improving after a setback last month. First-time jobless claims decreased a larger-than-forecast 16,000 in the week ended April 20 to 339,000, the lowest since March 9, Labor Department data showed in Washington yesterday. Meanwhile, debate among Federal Reserve policy makers is shifting away from the timing of a reduction in bond buying to the need to extend record stimulus as inflation cools and 11.7 million Americans remain ...
Today’s highlights:
· GDP (YoY) (GB, 09:30 GMT)
· Initial Jobless Claims (U.S, 13:30 GMT)
· Treasury Secretary Lew Speaks (U.S, 15:00 GMT)
The U.S. manufacturing sector showed a much bigger than expected drop in new orders for manufactured durable goods in the month of March according to a report released Commerce Department on Wednesday. The report showed that durable goods orders tumbled by 5.7 percent in March following a revised 4.3 percent increase in February.
The European Central Bank urged governments to press ahead with setting up a “strong” central authority to handle bank failures in the euro area, saying that progress in the project is essential to bolster lenders and spur growth. “Mere coordination between national authorities is not sufficient for ...
Today’s highlights:
- French Manufacturing PMI (Fra; 08:00 GMT)
- German Manufacturing PMI (Ger; 08:30 GMT)
- Manufacturing PMI (EU; 09:00 GMT)
- CBI Industrial Trends Orders (GB; 11:00 GMT)
- Core Retail Sales (MoM) (Can; 13:30 GMT)
- BoC Gov Carney Speaks (Can; 13:45 GMT)
- New Home Sales (U.S; 15:00 GMT)
Previously owned U.S. home sales unexpectedly dropped in March as a lean supply of properties kept the industry from generating a stronger recovery. Purchases of existing houses, tabulated when a contract closes, fell 0.6 percent to a 4.92 million annual rate, figures from the National Association of Realtors showed yesterday in Washington.
China’s manufacturing is expanding at a slower pace this month on weakness in global and domestic demand, fueling concern ...
Global policy makers and economists are staging a retrial of austerity as new evidence arises. Facing another slowdown in the world economy, the U.S. and International Monetary Fund are pitched against the euro area and U.K. over whether axing budgets and debt is the recipe for recovery or recession. In academia, professors Kenneth Rogoff and Paul Krugman remain at odds.
The biggest gain in U.S. consumer spending in two years probably helped the world’s largest economy accelerate in the first quarter and housing made further progress, economists said reports this week will show. Gross domestic product rose at a 3.1 percent annual rate after expanding at a 0.4 percent pace in the final three months of 2012, according to the median forecast of 67 economists surveyed by Bloomberg ahead of ...
Today’s highlights:
· German PPI (YoY) (Ger, 07:00 GMT)
· Current Account (EU, 09:00 GMT)
· Italian Industrial New Orders (MoM) (Ita, 09:00 GMT)
· Spanish industrial New Orders (YoY) (Spa; 10:00 GMT)
· Spanish Trade Balance (Spa; 11:00 GMT)
· Core CPI (MoM) + Wholesale Sales (MoM) (Can; 13:30 GMT)
· FOMC Member Stein Speaks (U.S: 17:00 GMT)
Manufacturing in the Philadelphia region expanded in April at a slower pace than projected as fewer orders prompted managers cut back on hiring and inventories. The Federal Reserve Bank of Philadelphia’s general economic index fell to 1.3 in April from 2 the prior month. In addition, first-time claims for U.S. unemployment benefits saw a modest uptick in the week ended April 13th, according to a ...
Today’s highlights:
· Retail Sales (YoY) (GB, 09:30 GMT)
· Spanish 10-Year Obligacion Auction (Spa, Tentative)
· Initial Jobless Claims (U.S, 13:30 GMT)
· Philadelphia Fed Manufacturing Index (U.S, 15:00 GMT)
· BoC Gov Carney Speaks (Can, 16:00 GMT)
· FOMC Member Raskin Speaks (U.S, 17:00 GMT)
Group of 20 nations will affirm a commitment to avoid weakening their currencies to gain a trade advantage, according to a draft statement prepared for a meeting this week in Washington, Bloomberg BNA reported. The statement, seen by a Bloomberg BNA reporter, maintains a February pledge to “move more rapidly toward more market- determined exchange rate systems and exchange-rate flexibility” and to refrain from competitive devaluations. Meetings of ...
Today’s Highlights:
· MPC Meeting Minutes + Claimant Count Change (GB, 09:30 GMT)
· German 10-Year Bund Auction (Ger, 10:30 GMT)
· FOMC Member Bullard Speaks (U.S, 09:30 GMT)
· BoC Monetary Policy Report + Interest Rate Decision (Can, 15:00 GMT)
· BoC Gov Carney Speaks (Can, 16:15 GMT)
· FOMC Member Rosengren Speaks (U.S, 17:00 GMT)
· Beige Book (U.S, 18:00 GMT)
· Treasury Secretary Lew Speaks (U.S, 21:00 GMT)
New-home construction in the U.S. climbed in March to the highest level in almost five years, propelled by a surge in multifamily building that will support economic growth. Starts (NHSPSTOT) climbed 7 percent to a 1.04 million annual rate, the most since June 2008, from a revised 968,000 pace in February ...
Today’s Highlights:
· Core CPI (YoY) + PPI Input (YoY) (GB, 09:30 GMT)
· Core CPI (YoY) + ZEW Economic Sentiment (EU, 10:00 GMT)
· German ZEW Economic Sentiment (Ger, 10:00 GMT)
· FOMC Member Dudley Speaks (U.S, 13:00 GMT)
· Foreign Securities Purchases + Manufacturing Sales (MoM) (Can, 13:30 GMT)
· Building Permits + Core CPI (YoY) + Housing Starts (U.S, 13:30 GMT)
· ECB President Draghi Speaks (EU, 14:00 GMT)
· Industrial Production (MoM) (U.S, 14:15 GMT)
· Treasury Secretary Lew Speaks (U.S, 15:00 GMT)
· FOMC Member Duke Speaks (U.S, 17:00 GMT)
· FOMC Member Yellen Speaks + Treasury Secretary Lew Speaks (U.S, 20:00 GMT)
Homebuilder confidence in the U.S. unexpectedly decreased in the month of ...
Builders probably began work on U.S. homes in March at the second-fastest pace in almost five years, a sign one of the bright spots of the expansion is making further progress, economists said before reports this week. Housing starts increased to a 930,000 annualized rate from a 917,000 pace in February, according to the median estimate of 63 economists surveyed by Bloomberg before an April 16 report from the Commerce Department. Figures from the Federal Reserve the same day may show industrial production rose in March.
China’s economic growth unexpectedly lost momentum in the first quarter as gains in factory output and consumption weakened, driving stocks and commodities lower on concern global expansion will slow. Gross domestic product rose 7.7 percent from a year earlier, the ...