The dollar has risen considerably against the euro, which was associated with the release of U.S. data packet . As it became known , bookmarks new homes have retained high rates in December , which is a sign that the housing market can overcome the effects of higher interest rates . Bookmark new homes in the U.S. fell by 9.8 % last month and reached a seasonally adjusted annual rate of 999,000 , the Ministry of Commerce said on Friday . But this figure was significantly higher summer levels and almost coincided with the forecast of economists at 1 million bookmarks in December. Nojabrskie rates were revised to 1.11 million from the previous estimate of 1.09 million, which is the strongest level in more than five years. In December, the number of building permits indicator of future construction, fell 3.0% to 986,000 units. Permits also fell in November. For all of 2013 the volume of new housing construction rose by 18.3% over the previous year to 923,400 . It was the strongest year since 2007 , the year before the recession began . Building Permits rose 17.5 % from 2012 to 974,700 , it is also the strongest level since 2007.
Meanwhile , another report showed that industrial production , which measures output in the manufacturing sector , the municipal sector and the mining sector increased by a seasonally adjusted 0.3 % last month compared with November . During 2013 , total production increased by 3.7%. Capacity utilization rose 0.1 percentage points to a level of 79.2% . Figures differed slightly with forecasts . Economists had expected industrial production to grow at 0.4 % in December, and the utilization rate is 79.2% . The November growth was revised down slightly to 1.0% . Utilization rate was revised up to 79.1 %.
Pound rose sharply against the dollar, though it has lost some of the previously captured positions . On the dynamics of trade affected by strong retail sales data . It is learned that retail sales in the UK rose in December , with the annual growth rate was the fastest in more than nine years. Sales far exceeded analysts 'expectations and pointed to consumers' desire to spend money on as the British economy recovers. According to the data , retail sales in December rose by 5.3% compared with the same period last year. This is the highest annual growth rate since October 2004 . Compared with the previous month sales rose 2.6% , and it was the strongest monthly increase since February 2010, the Bureau of Statistics reported . Retail sales growth exceeded analysts' expectations. Economists were to grow sales in December was only 0.5 % compared to November and 2.5% compared to December 2012 . Excluding automotive fuel retail sales rose by 2.8 percent on a monthly measurement of December , beating the consensus increase by 0.3 percent . Annualised sales recorded an increase of 6.1 percent , which is much faster than expected growth of 3.2 percent . These data indicate a strong growth of the British economy in the 4th quarter of last year , after rising by 3.2% year on year in Q3.
European stocks rose to their highest level in six years as mining companies rallied, and a report showed builders started work on more houses in the U.S. last month than economists had forecast.
The Stoxx Europe 600 Index added 0.5 percent to 335.68 at 4:30 p.m. in London. The benchmark has advanced 1.7 percent this week, its second consecutive weekly gain, as the World Bank raised its forecast for global growth in 2014 and 2015.
Earnings for Stoxx 600 companies will climb 14 percent in 2014, according to analysts’ estimates. They fell 5 percent last year, the projections show. The volume of shares changing hands in companies listed on the benchmark was 31 percent greater than the average of the last 30 days.
A gauge of mining companies posted the best performance among the 19 industry groups in the Stoxx 600.
A Commerce Department report showed U.S. housing starts fell 9.8 percent to a 999,000 annualized rate in December, from a revised 1.11 million in November. Economists had forecast a drop of 9.7 percent to a 985,000 pace.
The Thomson Reuters/University of Michigan index of consumer sentiment unexpectedly dropped to 80.4 this month from 82.5 in December, a preliminary report showed. Economists had projected a reading of 83.5.
National benchmark indexes gained in 15 of the 18 western-European markets.
FTSE 100 6,829.3 +13.88 +0.20% CAC 40 4,327.5 +8.23 +0.19% DAX 9,742.96 +25.25 +0.26%
Accor advanced 1.7 percent to 35.96 euros. Earnings before interest and taxes probably reached 530 million euros ($719 million) last year, the owner of the Sofitel hotel chain said. It had estimated Ebit of 510 million euros to 530 million euros.
Pandora A/S added 2.8 percent to 317.50 kroner after raising its sales and profit-">PSA Peugeot Citroen rose 2.3 percent to 11.48 euros after people familiar with the matter said its board will meet on Jan. 19 to decide whether to accept investments of 500 million euros apiece from Dongfeng Motor Corp. and the French government. Peugeot would give both potential investors 10 percent of its stock, the people said.
Shell slipped 0.9 percent to 2,174.5 pence after Europe’s biggest oil producer forecast adjusted earnings excluding some items of $2.9 billion for the fourth quarter. Analysts had estimated $4.9 billion, according to a Bloomberg survey.
Essilor International SA declined 2.4 percent to 79.38 euros after the maker of lenses for glasses said it expects full-year comparable sales growth excluding currency swings of 5.4 percent. The company had forecast growth of about 6 percent.
Prices for WTI crude oil rose slightly , reaching at this two-week high on signs that U.S. economic growth is accelerating, while the price of Brent crude oil fell slightly . One report showed that U.S. industrial production rose in December and finished the year on a high level . Industrial production, which measures output in the manufacturing sector , the municipal sector and the mining sector increased by a seasonally adjusted 0.3 % last month compared with November . During 2013 , total production increased by 3.7%. Capacity utilization rose 0.1 percentage points to a level of 79.2% .. The November growth was revised down slightly to 1.0% . Utilization rate was revised up to 79.1 %.
" WTI crude oil is currently supported by improving economic conditions in the U.S. and a large decrease in commercial reserves of oil ," said Addison Armstrong , director of market research at Tradition Energy in Stamford.
Nevertheless , a slight pressure on the oil futures had a report from Thomson-Reuters and the Michigan Institute , which showed that in January, American consumers feel more pessimistic about the economy than was recorded in the last month.
According to preliminary January consumer sentiment index fell to 80.4 , compared with a final reading for December at 82.5 . It is worth noting that according to the average estimates of experts , the index had to grow compared with the December value to reach 83.4 .
Recall also that presented earlier this week from the OPEC data showed that last year there was a decrease in demand for oil cartel to 29.9 million barrels per day. This year, demand could fall another 400,000 barrels. In such circumstances, the cartel question the need to reduce oil production and the prospect of increased supply on world markets in 2014 may further aggravate the situation .
February futures price of U.S. light crude oil WTI (Light Sweet Crude Oil) rose to $ 94.44 per barrel.
February futures price for North Sea Brent crude oil mixture fell $ 0.20 to $ 106.85 a barrel on the London exchange ICE Futures Europe.
Gold prices have risen markedly today , after mixed economic data for the U.S. , which were published during the week left investors uncertain about the pace of recovery of the world 's largest economy . The market was caught off guard by the news that Deutsche Bank AG (DB) will cease participation in the definition of reference prices for gold and silver in London trading under reducing raw operations after JPMorgan Chase & Co. and Morgan Stanley. Then the bank confirmed the refusal to participate in the gold and silver in the fixing electronic communication , stressing that it will continue trading with precious metals. According to sources , DB wants to sell the place in groups dealing with gold and silver fixing , another member of the Association of the gold market (London Bullion Market Association, LBMA). In December, Deutsche Bank announced the termination of trading with a number of energy , agricultural commodities , dry cargo goods and base metals . Departments of derivatives trading and precious metals will be transferred to the division of markets fixed income and currencies.
As for U.S. data , they showed bookmark new homes in the U.S. fell by 9.8 % last month and reached a seasonally adjusted annual rate of 999,000 . But this figure was significantly higher summer levels and almost coincided with the forecast of economists at 1 million bookmarks in December. Nojabrskie rates were revised to 1.11 million from the previous estimate of 1.09 million, which is the strongest level in more than five years.
In December, the number of building permits indicator of future construction, fell 3.0% to 986,000 units. Permits also fell in November. For all of 2013 the volume of new housing construction rose by 18.3% over the previous year to 923,400 . It was the strongest year since 2007 , the year before the recession began . Building Permits rose 17.5 % from 2012 to 974,700 , it is also the strongest level since 2007. In December , both single-family and multi-family new homes Bookmarks decreased compared with the previous month . Share of single-family homes , the largest and most stable segment of the market , fell 7.0% to an annual pace of 667,000 in December. Despite the drop , the level was the second strongest level since May 2008 .
Recall that the U.S. economic recovery is crucial to assess the likelihood of whether the Federal Reserve continue to reduce the asset purchase program .
Also, add that in China the gold premium on the Shanghai Gold Exchange jumped to about $ 17 per ounce to $ 13 at night. Shopping from China - the world's largest consumer of gold - were high in recent weeks in anticipation of the Lunar New Year celebration on January 31.
Cost February gold futures on the COMEX today rose to $ 1249.00 per ounce.
U.S. stock futures were little changed, as United Parcel Service Inc. tumbled and investors weighed earnings at companies from Morgan Stanley to General Electric Co.
Global markets:
Nikkei 15,734.46 -12.74 -0.08%
Hang Seng 23,133.35 +146.94 +0.64%
Shanghai Composite 2,004.95 -18.75 -0.93%
FTSE 6,818.34 +2.92 +0.04%
CAC 4,318.19 -1.08 -0.03%
DAX 9,724.79 +7.08 +0.07%
Crude oil $94.60 (+0.68%)
Gold $1247.50 (+0.59%).
08:15 Switzerland Producer & Import Prices, m/m December +0.3% +0.5% 0.0%
08:15 Switzerland Producer & Import Prices, y/y December -0.4% -0.5% -0.4%
09:30 United Kingdom Retail Sales (MoM) December +0.3% +0.5% +2.6%
09:30 United Kingdom Retail Sales (YoY) December +1.8% Revised From +2.0% +2.5% +5.3%
10:00 Eurozone Construction Output, m/m November -1.1% Revised From -1.2% -0.6%
10:00 Eurozone Construction Output, y/y November -2.3% Revised From -2.4% -1.7%
The euro declines against the U.S. dollar against the background data on the reduction of construction in the eurozone. As shown by statistical office Eurostat, the volume of construction in the Eurozone fell for the third month in a row in November.
Total construction fell by 0.6 percent on a monthly measurement after falling 1.1 percent in October , which was revised from 1.2 percent fall , originally dubbed . Building construction decreased by 1.1 percent , while civil engineering grew by 1 percent.
In the 28 countries of the EU construction output fell 1.1 percent in the month , after falling 0.3 percent in the previous month . Volume of construction fell for the third month in a row.
The biggest monthly decline was observed in the Czech Republic , Romania and the UK . The highest growth was recorded in Slovenia, Poland and Hungary.
In annual terms in the eurozone construction volume decreased by 1.7 percent in November , after falling 2.3 percent in October , revised from 2.4 percent fall . In the 28 countries of the EU construction volume decreased by 1.6 percent after a 1 percent decline in October , which was revised to a drop by 0.8 percent.
The British pound rose sharply on the back of strong retail sales data . Retail sales in the UK rose in December , with the annual growth rate was the fastest in more than nine years. Sales far exceeded analysts 'expectations and pointed to consumers' desire to spend money on as the British economy recovers.
According to the data , retail sales in December rose by 5.3% compared with the same period last year. This is the highest annual growth rate since October 2004 . Compared with the previous month sales rose 2.6% , and it was the strongest monthly increase since February 2010, the Bureau of Statistics reported .
Retail sales growth exceeded analysts' expectations. Economists were to grow sales in December was only 0.5 % compared to November and 2.5% compared to December 2012 .
Excluding automotive fuel retail sales rose by 2.8 percent on a monthly measurement of December , beating the consensus increase by 0.3 percent . Annualised sales recorded an increase of 6.1 percent , which is much faster than expected growth of 3.2 percent .
These data indicate a strong growth of the British economy in the 4th quarter of last year , after rising by 3.2% year on year in Q3 .
EUR / USD: during the European session, the pair fell to $ 1.3586
GBP / USD: during the European session, the pair rose to $ 1.6458
USD / JPY: during the European session, the pair rose to Y104.48
In the U.S. at 13:30 GMT will volume of building permits issued , the number of Housing Starts for December, in 14:15 GMT - the capacity utilization rate , the change in volume of industrial production for December, in the 14:55 GMT - consumer sentiment index from the University of Michigan in January to 15:00 GMT - the vacancy rate and labor turnover from the Bureau of Labor Statistics for November.
EUR/USD
Offers $1.3720/30, $1.3680/710, $1.3650
Bids $1.3580, $1.3555/45, $1.3525/20, $1.3500/490
GBP/USD
Offers $1.6605, $1.6540/50, $1.6520, $1.6500
Bids $1.6400, $1.6380
AUD/USD
Offers $0.8940/50, $0.8900, $0.8860/65, $0.8850, $0.8825/30
Bids $0.8770, $0.8750, $0.8720, $0.8700
EUR/JPY
Offers Y143.00, Y142.80, Y142.40/50, Y142.15/20
Bids Y141.50, Y141.20/00, Y140.50, Y140.20
USD/JPY
Offers Y105.25/30, Y105.00, Y104.80
Bids Y104.00, Y103.80, Y103.50
EUR/GBP
Offers stg0.8400/05, stg0.8370/80, stg0.8340-50, stg0.8320, stg0.8300
Bids stg0.8255/50, stg0.8220, stg0.8205/00, stg0.8160
European stocks rose, heading for a second week of gains, as mining companies climbed, and investors awaited reports on U.S. housing starts and industrial output. U.S. index futures and Asian shares were little changed.
The Stoxx Europe 600 Index added 0.4 percent to 335.16 at 9:52 a.m. in London as four stocks rose for every three that fell. The gauge has advanced 1.6 percent this week. The equity benchmark on Jan. 15 climbed to its highest level since January 2008 after the World Bank raised its forecast for global growth. Standard & Poor’s 500 Index futures gained 0.1 percent, while the MSCI Asia Pacific Index slipped less than 0.1 percent.
Royal Dutch Shell Plc slid 3.1 percent after saying that higher exploration costs and lower volumes will hurt fourth-quarter earnings.
Accor advanced 1.5 percent to 35.88 euros. Earnings before interest and taxes probably reached 530 million euros ($721 million), the owner of the Sofitel hotel chain said. It had estimated Ebit of 510 million euros to 530 million euros.
Essilor International SA declined 2.8 percent to 79.04 euros after the maker of lenses for glasses said it expects full-year comparable sales growth excluding currency swings of 5.4 percent. The company had forecast growth of about 6 percent.
FTSE 100 6,831.48 +16.06 +0.24%
CAC 40 4,324.79 +5.52 +0.13%
DAX 9,771.42 +53.71 +0.55%
USD/JPY Y103.00, Y103.25, Y103.95, Y104.00, Y104.15, Y104.50, Y104.75, Y105.00, Y105.50, Y106.00
EUR/USD $1.3500/10, $1.3530, $1.3570, $1.3600, $1.3615, $1.3650, $1.3725, $1.3770/75, $1.3800
AUD/USD $0.8700, $0.8750, $0.8850
EUR/GBP stg0.8265/70, stg0.8320, stg0.8400
USD/CAD Cad1.0750, Cad1.0925
GBP/USD $1.6300, $1.6360, $1.6475
EUR/CHF Chf1.2275, Chf1.2320, Chf1.2350
USD/CHF Chf0.9000, Chf0.9030/35, Chf0.9100, Chf0.9130, Chf0.9200
EUR/JPY Y141.00, Y141.25, Y142.50
NZD/USD NZ$0.8325
AUD/JPY Y91.45
05:00 Japan Consumer Confidence December 42.5 43.4 41.3
The dollar was set for its biggest weekly advance against major peers in two months before Federal Reserve Bank of Richmond President Jeffrey Lacker speaks today. Lacker, who doesn’t vote on monetary policy this year, said on Jan. 10 that he “would expect a similar reduction in pace to be discussed at the upcoming meeting.”
The greenback rose versus most of its 16 main counterparts as U.S. data on retail sales, New York manufacturing and initial jobless claims released this week all beat economists estimates, bolstering bets the Fed will continue to reduce monetary stimulus. Jobless claims decreased by 2,000 to 326,000 in the week ended Jan. 11, a Labor Department report showed yesterday in Washington. The median forecast of economists surveyed by Bloomberg News called for 328,000. The Federal Open Market Committee will reduce purchases by $10 billion at each meeting to end the program this year, according to the median forecasts of economists in a Bloomberg survey. It next meets Jan. 28-29.
The yen’s losses were limited versus the greenback after U.S. Treasury Secretary Jacob J. Lew said Japan can’t rely on the exchange rate for economic advantage.
EUR / USD: during the Asian session, the pair traded in the range of $ 1.3605-20
GBP / USD: during the Asian session the pair fell to $ 1.6320
USD / JPY: on Asian session the pair traded in the range of Y104.20-40
There is only limited UK data as the December retail sales data are released. Analysts note that it is virtually impossible for National Statistics to seasonally adjust data at this time of year, in part due to changes in discounting patterns year-to-year, and the December numbers will need to be viewed alongside January's to give a fuller picture of spending over the Christmas and New Year period. The BRC/KPMG December retail sales monitor shows sales growth slipped to 1.8% in on the year in December, which was the lowest level since December last year, with the exception of April 2013 when sales were weak due to a trading day lost to Easter compared to April 2012. The data raise questions as to whether household consumption will be able to provide as much of a boost to Q4 GDP as it did in Q3 when it contributed 0.5 percentage points to overall quarterly growth of 0.8%. Analysts are looking for UK Dec total retail sales to fall 0.7% on month and rise 1.8% on year.
Gold $1,241.80 +$3.50 +0.28%
Oil $94.08 -$0.09 -0.10%
Nikkei 225 15,747.2 -61.53 -0.39%
S&P/ASX 200 5,309.07 +63.64 +1.21%
Shanghai Composite 2,023.7 +0.35 +0.02%
FTSE 100 6,815.42 -4.44 -0.07%
CAC 40 4,319.27 -12.80 -0.30%
DAX 9,717.71 -16.10 -0.17%
Dow -62.87 16,419.07 -0.38%
Nasdaq +3.81 4,218.69 +0.09%
S&P -2.47 1,845.91 -0.13%
(pare/closed(00:00 GMT +02:00)/change, %)
EUR/USD $1,3619 +0,11%
GBP/USD $1,6352 -0,10%
USD/CHF Chf0,9047 -0,41%
USD/JPY Y104,34 -0,20%
EUR/JPY Y142,10 -0,09%
GBP/JPY Y170,61 -0,30%
AUD/USD $0,8891 -0,26%
NZD/USD $0,8353 +0,19%
USD/CAD C$1,0928 -0,05%