The euro rose against the dollar, despite the lack of economic reports . The pair started the trading week higher , recovering from a sharp fall last week at the ECB and the employment report for October on the weakening dollar. This week, we are waiting for a revised eurozone GDP for the 3rd quarter . Experts believe that the GDP for the 3rd quarter . unlikely to cause a significant rally in the euro , since most of the data has already confirmed the potential growth of the GDP . However fletovoe or negative value will be a big surprise that pressure the shares of European banks and the euro . However , the probability of such an outcome is low.
It should be noted that market participants are also waiting for data on industrial production . According to the median estimate of economists in September, the volume of industrial production in the euro area is likely to fall by 0.3 %, compared with the previous month , when it grew by 1%. The report will be presented on November 13.
The Australian dollar continued to decline in the third day Monday. The fall began on a strong report on U.S. employment and intensified on reports that China has cut the target rate of economic growth to 7 % next year . Also on the weekend , data were published in China, according to which it was reported that China's economic recovery is gathering pace , aided by a significant increase in industrial production and exports. Note that this improvement offset fears that the ongoing economic restructuring may further inhibit growth.
The National Bureau of Statistics said on Saturday that China's industrial production rose in October by 10.3 percent year on year, which was slightly faster than the 10.2 percent increase seen in September. We also add that production rose by 9.7 percent during the first ten months of this year. In addition, it was reported that retail sales growth in October was significant, but at the same level, while 13.3 percent. In January -October sales were up 13 percent compared with the same period last year, said the National Bureau of Statistics.
The data also showed that investment in fixed assets rose in October by 20.1 per cent per annum , compared with an increase of 20.2 per cent per annum in the previous month .
European stocks advanced, extending five weeks of gains, amid takeovers by health-care companies and better-than-forecast industrial output in China.
In China, industrial production jumped 10.3 percent in October from a year earlier, the National Bureau of Statistics said Nov. 9. That was higher than September’s 10.2 percent and exceeded the 10 percent median projection of economists surveyed by Bloomberg. Inflation was a less-than-forecast 3.2 percent and producer prices fell 1.5 percent.
President Xi Jinping and top Communist Party leaders have gathered in Beijing for a meeting known as the third plenum to outline a blueprint to sustain growth and drive urbanization in the world’s second-biggest economy. The meeting of about 370 officials will conclude tomorrow.
National benchmark indexes climbed in all of the western European markets, except Iceland and Greece. The U.K.’s FTSE 100 Index and Germany’s DAX added 0.3 percent, while France’s CAC 40 advanced 0.7 percent.
Grifols, Europe’s largest blood-plasma products maker, advanced 4.5 percent to 32.36 euros. Novartis said will sell its blood-transfusion diagnostics unit to the Spanish company for $1.68 billion, completing the deal in the first half of 2014.
Shire rose 0.9 percent to 2,822 pence after the Dublin-based drugmaker agreed to buy ViroPharma for about $4.2 billion. Shire will pay $50 a share in cash, 27 percent more than the closing price of ViroPharma on Nov. 8.
Lonmin rallied 3.9 percent to 340.9 pence after posting full-year profit of 31 cents a share, compared with a loss of 202 cents a share in the previous year. That exceeded the 13 cent-median forecast of analysts surveyed by Bloomberg.
RSA Insurance Group Plc tumbled 11 percent to 108.1 pence for the largest drop in eight months. The U.K.’s biggest non-life insurer by market value said it suspended three top executives at its Irish unit amid a probe into finance and claims functions. The full-year operating result will be 70 million pounds lower than analysts estimate after it had to inject capital into the division.
Brent crude
advanced for a second day after
Futures
rose as much as 1.2 percent in
Brent for
December settlement climbed $1.05, or 1 percent, to $106.17 a barrel on the
London-based ICE Futures Europe exchange at 10:54 a.m. in
WTI for
December delivery rose 60 cents, or 0.6 percent, to $95.20 a barrel on the New
York Mercantile Exchange. Volume was 37 percent lower than the 100-day average.
Futures slipped to $93.07 on Nov. 5, the lowest intraday price since June 24.
Gold prices
traded near a three-week low , as good indicators of employment in the United
States, released on Friday , forcing investors fear the Fed reduce the incentives
in the near future.
The price
of gold fell to 1280.50 dollars after the U.S. Labor Department announced an
increase in the number of jobs in October to 204,000 people, and adjusted
upward as a whole to 60,000 data for the previous two months.
Report data
for October exceeded the expectations of economists , who had forecast growth
in the number of jobs at 126,000 . As a result, the average growth over the
past three months has exceeded 200,000 .
The fact
that the data beat expectations , revived fears among investors that the
This year
Gold futures fell by 28% at the end of June reached a minimum 1,211.60 on fears
began rolling program of bond purchases the Fed, which increased the yield of
the bonds and the U.S. dollar strengthened .
If prices
fall below $ 1,300 did not cause a significant increase in demand in
The cost of
the December gold futures on COMEX today dropped to $ 1278.10 per ounce.
U.S. stocks were little changed as investors awaited earnings reports this week from retailers to gauge the strength of consumer demand.
Global Stock:
Nikkei 14,269.84 +183.04 +1.30%
Hang Seng 23,069.85 +183.04 +1.43%
Shanghai Composite 2,109.47 +3.34 +0.16%
FTSE 6,727.29 +18.87 +0.20%
CAC 4,280.66 +20.22 +0.47%
DAX 9,096.68 +18.87 +0.28%
Crude oil $94.27 -0.35%
Gold $1282.90 -0.13%
USD/JPY Y96.15, Y96.50, Y97.00
EUR/JPY Y131.00, Y132.75, Y135.50
EUR/USD $1.3300, $1.3450, $1.3500
GBP/USD $1.5950
Data
00:30 Australia Gross mortgage lending September -3.9% +3.6% +4.4%
05:00 Japan index of the current Eco Watchers Survey October 52.8 54.2 51.8
05:00 Japan: Outlook Eco Watchers Survey: October 54.2 54.7 54.5
8:00 The volume of loans to China, Oct. billion yuan 787 581 506
The euro rose against the dollar, despite the lack of economic reports. The pair started the trading week higher , recovering from a sharp fall last week at the ECB and the employment report for October on the weakening dollar. This week, we are waiting for a revised eurozone GDP for the 3rd quarter . Experts believe that the GDP for the 3rd quarter . unlikely to cause a significant rally in the euro , since most of the data has already confirmed the potential growth of the GDP . However fletovoe or negative value will be a big surprise that pressure the shares of European banks and the euro . However , the probability of such an outcome is low.
It should be noted that market participants are also waiting for data on industrial production . According to the median estimate of economists in September, the volume of industrial production in the euro area is likely to fall by 0.3 %, compared with the previous month , when it grew by 1%. The report will be presented on November 13.
The Australian dollar fell against the U.S. dollar , in response , so to data from China , which were published over the weekend . From the report it was reported that China's economic recovery is gathering pace , aided by a significant increase in industrial production and exports. Note that this improvement offset fears that the ongoing economic restructuring may further inhibit growth.
The National Bureau of Statistics said on Saturday that China's industrial production rose in October by 10.3 percent year on year, which was slightly faster than the 10.2 percent increase seen in September. We also add that production rose by 9.7 percent during the first ten months of this year. In addition, it was reported that retail sales growth in October was significant, but at the same level, while 13.3 percent. In January -October sales were up 13 percent compared with the same period last year, said the National Bureau of Statistics.
The data also showed that investment in fixed assets rose in October by 20.1 per cent per annum , compared with an increase of 20.2 per cent per annum in the previous month .
EUR / USD: during the European session, the pair rose to $ 1.3408
GBP / USD: during the European session, the pair fell to $ 1.5977
USD / JPY: during the European session, the pair rose from Y98.91 to Y99.20
At 23:00 GMT New Zealand will present the house price index from REINZ for October, and will announce the change in the volume of home sales in October from REINZ . At 23:50 GMT Japan will publish the index of activity in the service sector in September.
EUR/USD
Offers $1.3529, $1.3500, $1.3450, $1.3400/10
Bids $1.3345, $1.3320-00, $1.3295-94, $1.3277
GBP/USD
Offers $1.6160/65, $1.6140/50, $1.6115/25, $1.6100/05, $1.6050
Bids $1.5950, $1.5904, $1.5900, $1.5894
AUD/USD
Offers $0.9520, $0.9450, $0.9420, $0.9400
Bids $0.9350, $0.9300, $0.9250
EUR/JPY
Offers Y134.00, Y133.50, Y133.20, Y133.00, Y132.89
Bids Y132.25/21, Y132.00, Y131.80, Y131.55/50
USD/JPY
Offers Y100.00, Y99.80, Y99.50, Y99.20
Bids Y98.80, Y98.50, Y98.20, Y98.00
EUR/GBP
Offers stg0.8575/85, stg0.8520/30, stg0.8500, stg0.8480, stg0.8410/20, stg0.8380
Bids stg0.8325/20, stg0.8300, stg0.8285
European stocks rose , which was associated with the publication of better-than -expected financial reports , as well as upbeat data from China. Asian stocks rose , while the U.S. index futures are little changed .
It should be noted that the National Bureau of Statistics of China announced on Saturday that China's industrial production grew by 10.3 % y / y in October , which is slightly faster than the increase of 10.2 % in September. Manufacturing grew by 9.7 % in the first ten months of the year .
Retail sales growth was unchanged 13.3 % in October. In January -October sales were up 13 percent compared with the same period last year.
Investment in fixed assets grew by 20.1 % y / y in October to 20.2 % in September.
Trade data for China were stronger than expected, thanks to the recovery in exports in October. The country's exports grew by 5.6 % y / y in October, while imports rose by 7.6 %.
Consumer prices rose by 3.2 % y / y in October , faster than the 3.1% in September. Producer prices fell 1.5 % y / y , after falling 1.3 % the previous month .
Stoxx Europe 600 Index rose 0.1 percent.
Lonmin shares rose 6.5 percent after a report that showed that the annual income of 31 cents per share, compared with a loss of 202 cents per share in the previous year. Experts forecast a profit of 13 cents.
Cost of Deutsche Telekom AG fell 2 percent as Goldman Sachs Group lowered its recommendation on the stock to ' sell' from 'neutral' .
Shares of RSA Insurance Group Plc fell 11 percent , registering the largest drop in the last eight months , and a sharp decline in the Stoxx 600 .
At the moment :
FTSE 100 6,727.67 +19.25 +0.29 %
CAC 40 4,272.07 +11.63 +0.27 %
DAX 9,094.6 +16.32 +0.18%
USD/JPY Y96.15, Y96.50, Y97.00
EUR/JPY Y131.00, Y132.75, Y135.50
EUR/USD $1.3300, $1.3450, $1.3500
GBP/USD $1.5950
Asian stocks outside Japan fell as investors await the conclusion tomorrow of a meeting of China’s leaders on economic reform. Japanese equities rose after better-than-expected U.S. payrolls data weakened the yen.
Nikkei 225 14,269.84 +183.04 +1.30%
S&P/ASX 200 5,387.14 -13.52 -0.25%
Shanghai Composite 2,109.47 +3.34 +0.16%
Robinsons Retail Holdings Inc., an operator of supermarkets and department stores controlled by billionaire John Gokongwei, slumped 5.4 percent on its trading debut following the largest Philippine initial public offering.
Nexon Co., a maker of online games, plunged 22 percent in Tokyo after its net-income forecast missed estimates.
Honda Motor Co., a Japanese carmaker that gets 47 percent of its revenue in North America, added 1.7 percent.
European stock indices are trading higher at the start as Asian indices closed mainly positive. Corporate earnings reports and ECB's announcement to soon begin the purchase of asset-backed securities were also supportive.
FTSE 100 index is up 0.17% trading at 6622.70 points, Germany's DAX 30 gained 0.40% currently trading at 9,389.08 points and France's CAC 40 is up 0.48% trading at 4,243.19 points.
00:30 Australia Home Loans September -3.9% +3.6% +4.4%
05:00 Japan Eco Watchers Survey: Current October 52.8 54.2 51.8
05:00 Japan Eco Watchers Survey: Outlook October 54.2 54.7 54.5
The greenback remained higher after jobs data last week topped economist forecasts, boosting Treasury yields. U.S. employers added 204,000 workers in October, compared with a Bloomberg News survey median for a 120,000 gain, a report last week showed.
Fed Bank of Minneapolis President Narayana Kocherlakota and Atlanta peer Dennis Lockhart will speak tomorrow. Kocherlakota is scheduled to speak tomorrow on monetary policy and will take questions following his address. He said Oct. 17 that officials must do “whatever it takes” to push for a faster return to full employment while keeping inflation near 2 percent, including possibly providing more stimulus. Lockhart said Nov. 8 that the Fed will consider reducing its bond-buying program at next month’s policy meeting.
The euro was near a 10-month low against the pound ahead of data this week that may show factory output declined in the currency bloc and after an unexpected rate reduction by the European Central Bank. Euro-area industrial output probably fell 0.3 percent in September from a month earlier when it rose 1 percent, a separate Bloomberg News poll of economists shows. The report is due for release on Nov. 13. The ECB halved its main refinancing rate on Nov. 7 to 0.25 percent with ECB President Mario Draghi saying the 17-nation currency bloc risks a “prolonged period” of low inflation.
Demand for the pound may be sustained with some strategists predicting that Bank of England Governor Mark Carney will signal interest rates could rise sooner than previously anticipated as unemployment edges closer to policy makers’ key threshold.
EUR / USD: during the Asian session the pair traded in the range of $ 1.3345-75
GBP / USD: during the Asian session, the pair rose to $ 1.6020
USD / JPY: during the Asian session the pair fell to Y98.95
With US bond and forex markets closed for the Veterans' Day holiday, there is a very light calendar across the board on Monday. Perhaps one of the most interesting post-cut reactions will come Monday, when Bundesbank President Jen Weidmann, easily the most hawkish member of the ECB's Governing Council, speaks at an investment event in Vienna. The limited releases scheduled for Monday includes Italian September industrial production data at 0900GMT.
00:30 Australia Home Loans September -3.9% +3.6%
05:00 Japan Eco Watchers Survey: Current October 52.8 54.2
05:00 Japan Eco Watchers Survey: Outlook October 54.2 54.7
08:00 China New Loans October 787 581
17:00 Eurozone ECB's Jens Weidmann Speaks
23:00 New Zealand REINZ Housing Price Index, m/m October +0.8%
23:50 Japan Tertiary Industry Index September +0.7% +0.2%