• European session: the British Pound was down against the dollar

Notícias do Mercado

30 setembro 2013

European session: the British Pound was down against the dollar

Data

00:00 New Zealand ANZ Business Confidence September 48.1 54.1

00:30 Australia MI Inflation Gauge, m/m September +0.1% +0.2%

00:30 Australia MI Inflation Gauge, y/y September +2.1% +2.1%

01:30 Australia Private Sector Credit, m/m August +0.4% +0.4% +0.3%

01:30 Australia Private Sector Credit, y/y September +3.2% +3.5% +3.4%

01:45 China HSBC Manufacturing PMI (Finally) September 51.2 51.2 50.2

05:00 Japan Housing Starts, y/y August +12.0% +12.9% +8.8%

06:00 Germany Retail sales, real adjusted August -0.2% Revised From -1.4% +0.9% +0.5%

06:00 Germany Retail sales, real unadjusted, y/y August +2.9% Revised From +2.3% +0.6% +0.3%

08:30 United Kingdom Net Lending to Individuals, bln August 1.3 1.6 1.6

08:30 United Kingdom Mortgage Approvals August 60.6 61.5 62.2

09:00 Eurozone Harmonized CPI, Y/Y (Preliminary) September +1.3% +1.3% +1.1%


Dollar holds tight against the euro amid a lack of important reports that can influence the course of trading. It should be noted that the impact of the currency could not have previously submitted a report on the euro area.

The report from Eurostat, the Statistical Office showed that in the month of September, the annual rate of inflation in the euro zone fell to its lowest level in three and a half years , which suggests that the European Central Bank have the ability to suspend a little further stimulate the region's economy , if it deems necessary.

Note that the results of September 's CPI rose by 1.1 per cent compared to the same period in the previous year , registering with the lowest growth rate since February 2010 . Recall that in August, the annual consumer price inflation was at 1.3 percent. According to experts the average value of this indicator was to remain unchanged in September - at around 1.3 percent.

We add that the weak inflation underlines the fragility of the eurozone economy , which emerged from an 18-month recession in the second quarter of this year.

We add that the latest index of consumer prices well below the ECB's target rate , which is set at less than 2 %, indicating that inflation will not create any obstacles for further stimulus if the representatives of the ECB decides that the economy needs it.

The pound fell against the dollar , as many market participants are waiting for tomorrow's publication of an index of manufacturing activity PMI, which according to the forecast of economists , will rise to two-year high in September and will reach 57.5 .

We add that the previously little support pound was able to provide a report that showed that on the basis of last month, the number of mortgage approvals has increased markedly , reaching thus the highest level in more than five years.

According to the report , the creditors were granted 62,226 mortgages , which was the highest since February 2008 . Note also that the figure for July was revised upward to the level of 60,914 with an average 60.6 million According to experts the value of this index was to rise to the level of 61.5 thousand

Net mortgage lending rose to 974 million pounds ( $ 1.6 billion ) in August, and consumer loans increased to 577 million pounds.

Meanwhile , today's data also showed that in August of business lending fell to 3.8 billion pounds, or drop more than three times the average decline in the last six months. Add , compared with a year earlier loans declined by 3.6 percent. The volume of loans to small and medium-sized companies fell by 3.2 percent compared to last year.

EUR / USD: during the European session, the pair is trading in a narrow range with no particular trend

GBP / USD: during the European session, the pair dropped to $ 1.6127

USD / JPY: during the European session, the pair fell to Y97.54


At 12:30 GMT Canada will report on changes in the volume of GDP in July, and will also release an index of commodity prices for August. At 13:45 GMT the United States will present the Chicago PMI index for September. At 23:30 GMT Japan will release data on changes in the level of household spending in August , the index of activity in the sector of large manufacturers and Tankan index of activity in the non-manufacturing sector in Q3 Tankan and present the predictive value of the index 'Tankan' for large enterprises and the production sector predictive value of the index 'Tankan' non-manufacturing activity in the 4th quarter .

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