The euro exchange rate rose sharply against the dollar, what happened after the fall of the same material. Note that the initial depreciation of the euro contributed to a report from the U.S. Department of Labor, which showed that by the end of last month the number of people employed in non-agricultural sectors of the economy increased markedly, and the unemployment rate fell again, that more and more points to sustained economic growth. According to the report, in April, employers added 165,000 jobs, compared with the figure for the previous month on the level of 138 thousand note that according to the average forecast of experts, the number of jobs was up by 140 thousand Meanwhile, it was revealed that the level of unemployment rate fell by 0.1% to 7.5% as more people find jobs. That was the lowest unemployment rate since December 2008. Note that this figure is forecast was to remain unchanged. The good news is that the figures for the previous two months were revised to a significant increase - in general, to 114,000 (138,000 jobs in March, compared with the 88 000 initially and 332 000 jobs in February, compared to 268,000 as previously reported). Revised data for February are the highest since May 2010.
But in spite of these positive findings, and later the euro still unable to recover their position than helped report from the U.S. Commerce Department, which showed that demand for manufactured goods in the U.S. fell in March, adding to evidence that the manufacturing sector has begun to slow within a month. According to the report, the seasonally adjusted volume of orders for manufactured goods fell in March by 4.0% to $ 467.29 billion, completely blocking a February growth of 1.9%, which was revised down from 3.0 % gain. Note that according to the average forecasts of experts, the volume of orders was down only 0.2%. As it became known, at the head of such a significant downturn faced declining demand for durable goods, including aircraft, defense products and metals. It should be noted that the demand for civilian aircraft and parts fell in March by 48.3%, orders for metals decreased by 3.2%, while demand for cars slipped by 0.8%. Meanwhile, we note that orders for non-durable goods fell 2.4%, while the oil sector fell by 7.3% in March, partly reflecting a decline in prices. Orders in the food processing sector, clothing and chemical products also fell during the month. Economists note that the weak overall demand for industrial products is consistent with other measures, which shows a slowdown in the manufacturing sector.
The pound showed the same trend as the currency pair EUR / USD, which was a reaction to the U.S. employment data. We add that the original factor that contributed to the increase in the value of British currency was a report that showed that the business activity index for the service sector of the UK in April rose to 52.9 against expectations rising to 52.5 points from 52.4 points the value of the March . Today's data confirmed the trend of improvement, which earlier this week showed the indicator for the industrial sector and the construction sector. Note that among the UK PMI index only the index for the services sector indicates expansion of the sector (the figure for the sector is held above the level of 50 points, while the corresponding figures for the construction sector is 49.4 and Industrial 49.8 points ).
European stocks advanced to the highest level since June 2008 as a report showed U.S. employment in April picked up more than forecast and the jobless rate unexpectedly dropped to a four-year low.
The Stoxx Europe 600 Index added 1 percent to 300.87 at 4:30 p.m. in London, extending its weekly rise to 1.7 percent. The gauge yesterday climbed to a seven-week high as the European Central Bank lowered its benchmark interest rate and companies posted better-than-expected earnings. The equity measure completed an 11th month of gains in April, its longest winning streak since 1997.
In the U.S., a Labor Department report showed that payrolls expanded by 165,000 workers last month following a revised 138,000 increase in March that was larger than first estimated. Economists on average had forecast a gain of 140,000 in April. Revisions to the prior two months' reports added a total of 114,000 jobs to the employment count in February and March. The jobless rate fell to 7.5 percent from 7.6 percent a month earlier. That's the lowest since December 2008. Economists had forecast that the rate will remain unchanged.
The European Commission said the euro-area economy will shrink more in 2013 than previously expected. Gross domestic product in the 17-nation region will decline 0.4 percent, compared with a February prediction of a 0.3 percent drop. This follows a 0.6 percent contraction in 2012 and shows the region headed for its first ever back-to-back years of falling output.
National benchmark indexes advanced in all western European markets. Greek markets were closed for Orthodox Easter.
FTSE 100 6,521.46 +60.75 +0.94% CAC 40 3,912.95 +54.19 +1.40% DAX 8,122.29 +160.58 +2.02%
Adidas advanced 7.4 percent to 85.40 euros. First-quarter net income of 308 million euros ($404 million) beat the average 298.5 million-euro analyst projection. The company also said its gross margin widened to a record.
Vallourec (VK) soared 11 percent to 40.08 euros, the most since November 2011. First-quarter earnings before interest, taxes, depreciation and amortization totalled 191 million euros, exceeding the average 178 million-euro analyst estimate.
CGGVeritas (CGG) surged 12 percent to 18.68 euros as the largest seismic surveyor of oilfields posted first-quarter net income of $79 million, following a loss of $3 million a year earlier. The Paris-based company said it expects a 25 percent-increase in full-year sales and positive cash flow.
Sky Deutschland AG, the German pay-TV provider controlled by Rupert Murdoch's News Corp., climbed 7.4 percent to 4.84 euros after posting an unexpected operating profit in the first quarter. Analysts on average had predicted a loss.
RBS (RBS) dropped 6.1 percent to 288.5 pence, after Britain's biggest state-owned lender said operating profit fell to 829 million pounds ($1.3 billion) in the first quarter. That missed the 1.2 billion-pound estimate of analysts.
The price of oil rose, breaking the
mark of $ 104 per barrel, after the better-than-expected growth in
the number of jobs in the United States, which has raised the
prospects of growth in demand. It is learned that in the past
month, the level of employment payrolls, excluding s / z sector
increased by 165 thousand compared to the value of the March 88 th
and the forecast of 145 thousand Moreover, another report showed
that last month the ISM non-manufacturing United States declined
from 54.5 to 53.1, disappointing investors who had counted on
record in the area 54.0. In March promzakazy in the U.S. fell by
4.0% vs. -2.6%. February's figure was revised up from -3.0% to
-1.9%.
Also worth noting is that the rising cost of oil continues to support the decision of the European Central Bank to lower interest rates to record lows to stimulate investor appetite for riskier assets. Analysts said the positive outlook for employment in the United States may be more optimistic for the dollar than for oil.
But despite the positive data on the number of jobs, weak activity in the manufacturing sector in the United States and China are still undermines prospects for oil demand from the top two oil consumers.
The cost of the June futures on U.S. light crude oil WTI (Light Sweet Crude Oil) rose to 95.64 dollars per barrel.
June futures price for North Sea Brent crude oil mixture rose $ 1.75 to $ 104.50 a barrel on the London exchange ICE Futures Europe.
Gold prices fell, dropping below the levels at this opening, despite the observed increase in the first half of the day. Note that this trend was caused by the publication of data on employment. According to the report, in April, employers added 165,000 jobs, compared with the figure for the previous month on the level of 138 thousand note that according to the average forecast of experts, the number of jobs was up by 140 thousand Meanwhile, it was revealed that the level of unemployment rate fell by 0.1% to 7.5% as more people find jobs. That was the lowest unemployment rate since December 2008. Note that this figure is forecast was to remain unchanged. The good news is that the figures for the previous two months were revised to a significant increase - in general, to 114,000 (138,000 jobs in March, compared with the 88 000 initially and 332 000 jobs in February, compared to 268,000 as previously reported). Revised data for February are the highest since May 2010. In addition, data released today showed that private companies added 176,000 jobs, accounting for all funds in April. Employment increased in professional and business services, restaurants and bars, retail and healthcare.
Economists say that the data on employment in Europe and the United States are likely to be scrutinized in the coming weeks to get clues about long-term prospects of the Fed's monetary stimulus.
Meanwhile, data released today showed that the stocks in the SPDR Gold Trust - the largest gold exchange-traded fund in the world, yesterday showed the biggest drop in one week, down by 0.56% to 1,069.22 tonnes - the lowest level since September 2009.
The cost of the June gold futures on COMEX today dropped to 1466.20 dollars an ounce.
New Orders: 52.3 vs 51.4 in March
Production: 53.5 vs 52.2 in March
Employment: 50.2 vs 54.2 in March
Supplier Deliveries: 50.9 vs 49.4 in March
Inventories: 46.5 vs 49.5 in March
Customers' Inventories: 44.5 vs 47.5 in March
Prices: 50.0 vs 54.5 in March
Backlog of Orders: 53.0 vs 51.0 in March
Exports: 54.0 vs 56.0 in March
Imports: 55.0 vs 54.0 in March
EUR/USD
$1.2830, $1.2900, $1.2950, $1.2965, $1.3000, $1.3040, $1.3065,
$1.3100, $1.3150, $1.3200
USD/JPY Y96.60, Y97.00, Y97.50, Y97.60, Y98.00, Y98.50, Y99.00, Y100.00
GBP/USD $1.5250, $1.5550
USD/CHF Chf0.9500
AUD/USD $1.0195, $1.0250
EUR/USD
Offers $1.3240/60, $1.3190/200, $1.3165/75, $1.3140-50
Bids $1.3075/70
GBP/USD
Offers $1.5670/75, $1.5650, $1.5630, $1.5590/610, $1.5570, $1.5555
Bids $1.5475/65, $1.5450, $1.5430/20
AUD/USD
Offers $1.0390/00, $1.0380, $1.0345/50, $1.0330, $1.0300
Bids $1.0220, $1.0200, $1.0185/80, $1.0155/50, $1.0120/15, $1.0100
USD/JPY
Offers Y99.00, Y98.80, Y98.60, Y98.45/50, Y98.35/40
Bids Y97.80/60, Y97.50, Y97.25/20, Y97.00
EUR/JPY
Offers Y130.50, Y130.00, Y129.50, Y129.20/25, Y129.00
Bids Y128.35/30, Y128.10/00, Y127.55/50, Y127.10/00, Y126.80
EUR/GBP
Offers stg0.8580/85, stg0.8545/50, stg0.8530/35, stg0.8500/10, stg0.8480/85
EUR/USD
$1.2830, $1.2900, $1.2950, $1.2965, $1.3000, $1.3040, $1.3065,
$1.3100, $1.3150, $1.3200
USD/JPY Y96.60, Y97.00, Y97.50, Y97.60, Y98.00, Y98.50, Y99.00, Y100.00
GBP/USD $1.5250, $1.5550
USD/CHF Chf0.9500
AUD/USD $1.0195, $1.0250
Asian stocks climbed as profit at
Australian bank Macquarie Group Ltd. rose, U.S. jobless claims fell
to the lowest in five years and the European Central Bank cut
interest rates to a record low.
Nikkei 225 Closed
Hang Seng 22,721.9 +53.60 +0.24%
S&P/ASX 200 5,129.5 -0.47 -0.01%
Shanghai Composite 2,205.27 +31.15 +1.43%
Macquarie surged 11 percent, its biggest gain in four years, as profit at the Australia's largest investment bank topped estimates.
New World Development Co., the Hong Kong builder controlled by billionaire Cheng Yu-tung, gained 3.9 percent after receiving permission from the city's stock exchange to proceed with the listing of its local hotels.
Fletcher Building Ltd., a manufacturer of construction products, sank 6.5 percent in Wellington as Goldman Sachs Group Inc. cut its outlook for building-material shares.
00:00 Japan Bank
holiday
01:00 China Non-Manufacturing PMI April 55.6 54.5
01:30 Australia Producer price index, q / q Quarter I +0.2% +0.3% +0.3%
01:30 Australia Producer price index, y/y Quarter I +1.0% +1.6% +1.6%
The dollar snapped its biggest advance against the euro in two weeks before the U.S. releases April jobs data after the previous report disappointed with employers adding the fewest positions in nine months. Payrolls increased by 140,000 workers after an 88,000 gain in March, according to the median forecast of economists surveyed by Bloomberg News before a Labor Department report. The unemployment rate may have stayed at 7.6 percent, matching March's reading as the lowest since December 2008.
The euro yesterday dropped versus 15 of its 16 major peers after European Central Bank President Mario Draghi said policy makers may take the unprecedented step of charging banks to hold excess reserves. The ECB, meeting in Bratislava, Slovakia, cut its benchmark rate by a quarter-percentage point to 0.5 percent yesterday. It reduced its marginal lending rate, which banks use for overnight credit, to 1 percent, from 1.5 percent, and kept its deposit rate at zero.
Australia's dollar was set for its longest weekly losing streak versus the New Zealand currency in 12 years as traders raised bets the bigger nation's Reserve Bank will cut borrowing costs next week. The Australian dollar was poised to decline this week against 14 of its 16 most-traded peers as swaps traders see a 57 percent chance the nation's central bank will lower its benchmark rate from 3 percent on May 7, according to data compiled by Bloomberg. The RBA will cut rates by 59 basis points over 12 months, according to a Credit Suisse Group AG index.
Japanese markets are closed today and on May 6 for holidays.
EUR/USD: during the Asian session the pair traded in the range of $ 1.3060-75
GBP/USD: during the Asian session the pair traded in the range of $ 1.5520-40
USD/JPY: during the Asian session the pair around Y98.00
Change % Change Last
GOLD 1,466.50 20.30 1.40%
OIL (WTI) 94.01 2.98 3.27%
Change % Change Last
Nikkei 225 13,694.04 -105.31 -0.76%
Hang Seng 22,656.83 -80.18 -0.35%
S&P/ASX 200 5,129.97 -36.22 -0.70%
Shanghai Composite 2,174.12 -3.79 -0.17%
FTSE 100 6,460.71 +9.42 +0.15%
CAC 40 3,858.76 +2.01 +0.05%
DAX 7,961.71 +48.00 +0.61%
Dow +125.33 14,826.28 +0.85%
Nasdaq +41.27 3,340.40 +1.25%
S&P +14.62 1,597.32 +0.92%
(pare/closed(00:00 GMT +02:00)/change,
%)
EUR/USD $1,3061 -0,93%
GBP/USD $1,5531 -0,15%
USD/CHF Chf0,9351 +0,86%
USD/JPY Y97,92 +0,65%
EUR/JPY Y127,90 -0,51%
GBP/JPY Y152,06 +0,49%
AUD/USD $1,0247 -0,30%
NZD/USD $0,8494 -0,11%
USD/CAD C$1,0105 +0,23%
00:00 Japan Bank holiday
01:00 China Non-Manufacturing PMI April 55.6
01:30 Australia Producer price index, q / q Quarter I +0.2% +0.3%
01:30 Australia Producer price index, y/y Quarter I +1.0% +1.6%
08:30 United Kingdom Purchasing Manager Index Services April 52.4 52.5
09:00 Eurozone Producer Price Index, MoM March +0.2% -0.1%
09:00 Eurozone Producer Price Index (YoY) March +1.3% +0.6%
09:00 Eurozone Economic Growth Forecasts from European Commission
10:00 Eurozone ECB Announces 3-Year LTRO Repayment
12:30 U.S. Average workweek April 34.6 34.6
12:30 U.S. Average hourly earnings April 0.0% +0.2%
12:30 U.S. Unemployment Rate April 7.6% 7.6%
12:30 U.S. Nonfarm Payrolls April 88 155
14:00 U.S. ISM Non-Manufacturing April 54.4 54.1
14:00 U.S. Factory Orders March +3.0% -2.0%
17:05 Canada BOC Gov Carney Speaks