The euro fluctuates against the dollar , while demonstrating a slight decrease . Note that the pair continues to rise the third consecutive week , recovering from the levels reached after the rate cut by the ECB. Risk appetite and skepticism about " transparency policy " ECB support the single currency. At the same time , today's favorable reports on inflation and unemployment had no noticeable effect on the dynamics of the euro .
In the statistical agency of the European Union reported that the number of people out of work in 17 countries in the euro zone declined unexpectedly in October , departing from its highest level since April 2011 . According to the report , the unemployment rate in the euro area fell last month to 12.1 %, compared with 12.2% in September, which was a record .
Furthermore, the data showed that the number of people without jobs fell by 61,000 in October, largely was due to a decrease on 41 000 in France - the second largest economy in the monetary area . Nevertheless , without a job are still 19,298 million, 615 thousand more than in the same month last year. We also recall that the last time the unemployment rate fell in 2011 . Decline in unemployment was a surprise to many economists , as they expected that this figure will remain unchanged. But , despite the recession , the unemployment rate remains very high by international standards.
Meanwhile , another report submitted showed that inflation in the eurozone rose to 0.9 percent in November . Note that these data are still preliminary revenge . Many experts expect that inflation will rise by 0.8 percent. Recall that in October of this indicator increased by 0.7 percent. However , despite this growth , inflation remains below the target level of the European Central Bank "below but close to 2 percent " for the tenth consecutive month. We also learned that , excluding the cost of energy , food , alcohol and tobacco , core inflation increased to 1 percent from 0.8 percent.
Pound fell against the dollar earlier , which was associated with the release of a weak report on consumer confidence in Britain. Results of recent studies that have been presented by GfK NOP, showed that confidence among British consumers fell in November , registering with the second monthly deterioration , as they were more concerned about the state of their finances . These results add early signs that the recovery of the UK economy , built largely on consumer spending , could lose momentum in the fourth quarter of this year , as households begin to reduce their costs. Bank of England officials warn that prolonged pressure on workers' incomes due to rising wages lag behind inflation , could undermine the recovery , if the company also will increase their spending in the near future .
Today's data showed that the index of sentiment among households fell unexpectedly in November - to the level of -12 points , compared with -11 points in October . Many economists expect that the value of this indicator will be slightly improved , and reaching -8 points .
Nevertheless , in the GfK NOP reported that the loss of confidence in November was small. Sentiments among the population are much more optimistic than in the previous year was recorded . Note that the November decline was associated with deterioration of the two sub-indices - personal financial situation and willingness to make major purchases . But despite this , households have become a little more confident to look at the prospects for the economy in general .
European stocks were little changed, completing a third monthly gain, as a report showed unemployment in the euro area fell from a record high.
A Eurostat report showed that euro-area unemployment unexpectedly fell in October. The jobless rate declined to 12.1 percent from 12.2 percent in September. Economists had predicted it would remain at a record high.
S&P raised its outlook for Spain’s debt to stable from negative, reducing the likelihood that the ratings company will cut the Mediterranean nation’s rating to junk. S&P affirmed Spain at BBB-, its lowest investment grade.
The ratings company raised its score for Cyprus to B- from CCC+. It lowered the Netherlands to AA+ from AAA, citing weaker growth prospects than previously forecast.
National benchmark indexes declined in 10 of the 18 western-European markets today. France’s CAC 40 fell 0.2 percent, while Germany’s DAX rose 0.2 percent. The U.K.’s FTSE 100 slipped 0.1 percent.
Kesko jumped 8.8 percent to 27.47 euros, its highest price since February 2012. The company said it plans to sell some of its store sites and shopping malls to a real estate investment trust that it will set up in 2014. The trust, which Kesko will partly own, will hold assets in Finland, Sweden and Russia.
Monte Paschi rose 1.5 percent to 18.7 euro cents. The lender said it will target net income of 200 million euros ($272 million) in 2015 and 900 million euros in 2017 after losing 8,000 staff, selling 3 billion euros of new shares and shrinking its balance sheet by 25 percent. Monte Paschi’s plan, which received European Union approval on Nov. 27, would allow it to repay 4.1 billion euros of state aid by 2017.
Speedy Hire slumped 22 percent to 50.5 pence. The company said late yesterday that it had found accounting irregularities within its international business, which mostly operates in the Middle East. Speedy Hire forecast that the irregularities will reduce pretax profit for the financial year ending March 31 by about 3 million pounds ($4.9 million). Steve Corcoran resigned as chief executive officer. He will stay with the company until it finds a successor, according to a statement.
UPM-Kymmene Oyj fell 3.6 percent to 12.23 euros. UBS lowered Europe’s second-largest papermaker to sell from neutral. The brokerage said that demand for the company’s product will not recover in Europe and that the industry will probably reduce its capacity next year.
West Texas
Intermediate crude rose for the first time in five days as
Prices
rebounded from a six-month low. The Standard & Poor’s 500 Index increased
to a record as Macy’s Inc. and J.C. Penney Co. climbed amid Black Friday sales
events. Oil also moved higher on concern that unrest in
WTI for
January delivery gained $1.31, or 1.4 percent, to $93.61 a barrel at 10:28 a.m.
on the New York Mercantile Exchange. The volume of all futures traded was 45
percent below the 100-day average. Prices, down 2.9 percent in November, are
set for the longest monthly slide since January 2009. Floor trading was
suspended yesterday for the Thanksgiving holiday and will close an hour early
at 1:30 p.m. today.
Brent for
January settlement increased 36 cents, or 0.3 percent, to $111.22 a barrel on
the London-based ICE Futures Europe exchange and is up 2.2 percent this month. The
volume of all futures traded was 40 percent less than the 100-day average. The
European benchmark grade was at a premium of $17.61 to WTI. The spread was
$19.01 on Nov. 27, the widest in more than eight months, based on closing
prices.
Gold market in November completes the strongest decline since June as the U.S. economy led investors to transfer funds to high-growth stock markets .
The last three sessions held in the range of prices on the occasion of Thanksgiving Day in the United States on Thursday .
As the precious metals trader in Hong Kong, "at this time , investors are reluctant to act , and there are no catalysts for price movements in either direction . Terms of positioning investors have already exhausted the potential decline. Prices may rise by year-end from the current levels . "
Another important event for the market may be the publication of a report on employment in the U.S. in early December. Economic statistics is important for the gold market , as it dominates the Fed plans for a program of incentives.
Shopping in China, which this year is expected to become the world's largest gold market , rose this week due to lower prices . On Thursday, gold sales of 99.99 percent of the sample on the Shanghai Futures Exchange were the highest in seven weeks , and weekly sales were the highest since the last week of September.
The cost of the December gold futures on the COMEX today rose to $ 1254.50 per ounce.
U.S. stock futures rose, as retailers including Macy’s Inc. and J.C. Penney Co. gained amid Black Friday sales events.
Global markets:
Nikkei 15,661.87 -65.25 -0.41%
Hang Seng 23,881.29 +92.20 +0.39%
Shanghai Composite 2,220.5 +1.13 +0.05%
FTSE 6,678.09 +23.62 +0.35%
CAC 4,305.87 +3.45 +0.08%
DAX 9,392.33 +4.96 +0.05%
Crude oil $92.81 (+0.55%).
Gold $1251.30 (+1.08%).
USD/JPY Y101.00, Y101.80, Y102.00, Y102.25
EUR/JPY Y138.75
EUR/USD $1.3450, $1.3500, $1.3550, $1.3585, $1.3590, $1.3595
GBP/USD $1.6205, $1.6300
AUD/USD $0.9090
AUD/JPY Y94.00
Data
00:05 UK consumer confidence index from Gfk October -11 -8 -12
00:30 Australia Private Sector Credit m / m in October +0.3% +0.4% +0.5 %
00:30 Australia Private Sector Credit , y / y +3.3 % +3.5 October % +3.5 %
05:00 Japan Bookmark new homes , y / y in October +19.4 % +5.5 % +7.1 %
07:00 UK house price index from Nationwide, m / m +1.0 % in November +0.6% +0.6%
07:00 UK house price index from Nationwide, y / y +5.8 % in November +0.6% +6.5 %
7:00 Germany Retail sales in October , seasonally adjusted -0.4% +0.5 % -0.8 %
7:00 Germany Retail sales unadjusted y / y in October +0.2% +1.5 % -0.2 %
7:45 France Consumer spending in October -0.1% +0.3 % -0.2 %
7:45 France Consumer Spending y / y in October -0.1% +0.1 % -0.1 %
09:30 UK volume of net loans to individuals billion in October 1.4 2.1 1.7
09:30 UK approved applications for mortgage loans , thousand 66.7 68.5 67.7 October
10:00 Eurozone unemployment rate in October 12.2 % 12.2 % 12.1%
10:00 Eurozone CPI y / y (preliminary data ) November +0.7 % +0.8% +0.9 %
10:00 Switzerland index of leading economic indicators from the KOF November 1.72 1.82 1.85
The euro exchange rate fluctuates against the dollar , while demonstrating a slight increase . Note that the pair continues to rise the third consecutive week , recovering from the levels reached after the rate cut by the ECB. Risk appetite and skepticism about " transparency policy " ECB support the single currency. Today's favorable reports on inflation and unemployment also helped a little growth.
In the statistical agency of the European Union reported that the number of people out of work in 17 countries in the euro zone declined unexpectedly in October , departing from its highest level since April 2011 . According to the report , the unemployment rate in the euro area fell last month to 12.1 %, compared with 12.2% in September, which was a record .
Furthermore, the data showed that the number of people without jobs fell by 61,000 in October , which is largely due to the decline was 41 000 in France - the second largest economy in the monetary area . Nevertheless , without a job are still 19,298 million, 615 thousand more than in the same month last year. We also recall that the last time the unemployment rate fell in 2011 . Decline in unemployment was a surprise to many economists , as they expected that this figure will remain unchanged. But , even though the recession , unemployment remains very high by international standards .
Meanwhile, another report submitted showed that inflation in the eurozone rose to 0.9 percent in November . Note that these data are still preliminary revenge . Many experts expect that inflation will rise by 0.8 percent. Recall that in October of this indicator increased by 0.7 percent. However , despite this growth , inflation remains below the target level of the European Central Bank "below but close to 2 percent " for the tenth consecutive month. We also learned that , excluding the cost of energy , food , alcohol and tobacco , core inflation increased to 1 percent from 0.8 percent.
Pound fell against the dollar, which was associated with the release of a weak report on consumer confidence in Britain. Results of recent studies that have been presented by GfK NOP, showed that confidence among British consumers fell in November , registering with the second monthly deterioration , as they were more concerned about the state of their finances . These results add early signs that the recovery of the UK economy , built largely on consumer spending , could lose momentum in the fourth quarter of this year , as households begin to reduce their costs. Bank of England officials warn that prolonged pressure on workers' incomes due to rising wages lag behind inflation , could undermine the recovery , if the company also will increase their spending in the near future .
Today's data showed that the index of sentiment among households fell unexpectedly in November - to the level of -12 points , compared with -11 points in October . Many economists expect that the value of this indicator will be slightly improved , and reaching -8 points .
Nevertheless , in the GfK NOP reported that the loss of confidence in November was small. Sentiments among the population are much more optimistic than in the previous year was recorded .
Note that the November decline was associated with deterioration of the two sub-indices - personal financial situation and willingness to make major purchases . But , despite this , households have become a little more confident to look at the prospects for the economy in general .
EUR / USD: during the European session, the pair is in the range $ 1.3695 -$ 1.3722
GBP / USD: during the European session, the pair fell to $ 1.6312 from $ 1.6375
USD / JPY: during the European session, the pair dropped to Y102.11 from Y102.60
At 13:30 GMT , Canada will announce the change in the volume of GDP in September.
EUR/USD
Offers $1.3690/710, $1.3660/65, $1.3650, $1.3620/30
Bids $1.3596, $1.3570/60, $1.3564, $1.3525/15, $1.3490/80
GBP/USD
Offers $1.6480, $1.6450, $1.6410, $1.6400, $1.6380/90, $1.6375
Bids $1.6280/75, $1.6260/55, $1.6240, $1.6220
AUD/USD
Offers $0.9240/50, $0.9204, $0.9200, $0.9180, $0.9150, $0.9114/21
Bids $0.9050, $0.9045, $0.9000, $0.8972
EUR/GBP
Offers stg0.8430, stg0.8415/20, stg0.8395/400, stg0.8352
Bids stg0.8333, stg0.8300, stg0.8285, stg0.8258
USD/JPY
Offers Y103.25, Y103.00, Y102.80, Y102.61
Bids Y102.00, Y101.80, Y101.50, Y101.20
EUR/JPY
Offers Y140.50, Y140.20, Y140.00, Y139.75/80, Y139.45/50
Bids Y138.97, Y138.60/50, Y138.20, Y138.00, Y137.71
European stocks rose slightly, after the S & P has revised its forecasts for several countries in the euro area and the report pointed to the decline in unemployment. U.S. index futures rose, while Asian shares were little changed.
The Stoxx Europe 600 Index up to 0.1%. The gauge has climbed 0.8 percent in November, its third consecutive monthly advance.
S&P raised its outlook for Spain’s debt to stable from negative, reducing the likelihood that the ratings company will cut the Mediterranean nation’s rating to junk. S&P affirmed Spain at BBB-, its lowest investment grade.
The ratings company raised its score for Cyprus to B- from CCC+. It lowered the Netherlands to AA+ from AAA, citing weaker growth prospects than previously forecast.
Monte Paschi (BMPS) rose 1.8 percent to 18.7 euro cents. The lender said it will target net income of 200 million euros ($272 million) in 2015 and 900 million euros in 2017 after losing 8,000 staff, selling 3 billion euros of new shares and shrinking its balance sheet by 25 percent. Monte Paschi’s plan, which received European Union approval on Nov. 27, would allow it to repay 4.1 billion euros of state aid by 2017.
Speedy Hire slumped 16 percent to 54 pence. The company said late yesterday that it had found accounting irregularities within its international business, which mostly operates in the Middle East. Steve Corcoran resigned as chief executive officer. He will stay with the company until it finds a successor, according to a statement.
C.A.T. Oil AG jumped 5.9 percent to 23.20 euros as third-quarter net income almost doubled to 17 million euros from 8.6 million euros a year earlier. The company also raised its revenue target to 420 million euros to 430 million euros this year from a previous forecast of 405 million euros to 425 million euros. Earnings before interest, taxes, depreciation and amortization may amount to 105 million euros to 110 million euros, the company said, compared with an earlier forecast of 95 million euros to 105 million euros.
FTSE 100 6,665.24 +10.77 +0.16%
CAC 40 4,306.15 +3.73 +0.09%
DAX 9,387.51 +0.14 0.00%
USD/JPY Y101.00, Y101.80, Y102.00, Y102.25
EUR/JPY Y138.75
EUR/USD $1.3450, $1.3500, $1.3550, $1.3585, $1.3590, $1.3595
GBP/USD $1.6205, $1.6300
AUD/USD $0.9090
AUD/JPY Y94.00
Asia’s benchmark stock index headed for the first monthly loss since August as GrainCorp Ltd. plunged by a record after the Australian government rejected a takeover bid by a U.S. rival.
Nikkei 225 15,661.87 -65.25 -0.41%
S&P/ASX 200 5,320.05 -14.29 -0.27%
Shanghai Composite 2,220.5 +1.13 +0.05%
GrainCorp plummeted 22 percent after the government rejected U.S.-based Archer-Daniels-Midland Co.’s planned A$2.2 billion ($2 billion) takeover of the crop handler, saying it was not in the national interest.
Panasonic Corp. lost 2.1 percent as Japan’s Nikkei 225 Stock Average fell from a six-year high.
Ryoyo Electro Corp. surged 9.4 percent in Tokyo after the semiconductor-component maker said profit rose.
00:05 United Kingdom Gfk Consumer Confidence October -11 -8 -12
00:30 Australia Private Sector Credit, m/m October +0.3% +0.4% +0.5%
00:30 Australia Private Sector Credit, y/y October +3.3% +3.5% +3.5%
05:00 Japan Housing Starts, y/y October +19.4% +5.5% +7.1%
The euro headed for a third monthly gain against the yen and the dollar as investors pared bets for additional easing by the European Central Bank ahead of the region’s inflation data today. Consumer prices in the euro region probably rose 0.8 percent in November from a year ago, according to the median estimate of economists surveyed by Bloomberg News before the European Union statistics office data today. The ECB cut its benchmark interest rate this month after inflation in the currency bloc slowed to a four-year low in October.
The 17-nation euro climbed to a five-year high versus Japan’s currency after a report yesterday showed consumer prices in Germany, Europe’s largest economy, accelerated more than forecast. Data yesterday showed the inflation rate in Germany, calculated using a harmonized European Union method, rose to 1.6 percent this month, more than the 1.3 percent median forecast of analysts polled by Bloomberg.
The yen was set for a fourth monthly decline against the greenback after Japanese government data showed inflation quickened. Japanese consumer prices excluding fresh food rose 0.9 percent in October from a year ago, the most since November 2008, statistics bureau said in Tokyo today.
Australia’s dollar dropped versus all its major peers as the government’s rejection of a planned foreign takeover raised concern about investment flows into the country.
EUR / USD: during the Asian session, the pair rose to $ 1.3620
GBP / USD: during the Asian session, the pair rose to $ 1.6375
USD / JPY: during the Asian session, the pair rose to Y102.60
The US markets return to the fray Friday, although there will only be a half-day session as many market participants look to bridge into the weekend. However, there is a full calendar in Europe, kicking off at 0700GMT with the release of the German October retail sales and third quarter wholesale sales data. French data will cross the wires at 0745GMT, when the October consumer spending and October PPI numbers will be published. At 0800GMT, the Swiss November KOF economic barometer numbers will cross the wires. At 0815GMT, ECB Executive Board member Yves Mersch will deliver a speech on financial market policy, in Frankfurt. Italian November flash HICP numbers will cross the wires at 0900GMT. Euro area data will be released at 1000GMT, when the important November flash HICP data will cross the wires, along with the October unemployment data. At 1300GMT, Bundesbank board member Andreas Dombret will sit on a panel at the SAFE conference on financial market policy, in Frankfurt. Back in Europe, at 1500GMT, Bundesbank Board member Joachim Nagel will take part in a discussion in Frankfurt on "What's up for banks." At 1630GMT, ECB Governing Council member Ignazio Visco speaks at the SAFE conference on financial market policy.
GOLD 1,243.90 6.10 0.49%
OIL (WTI) 92.18 -0.12 -0.13%
Nikkei 225 15,727.12 +277.49 +1.80%
S&P/ASX 200 5,334.34 +1.46 +0.03%
Shanghai Composite +18.30 +0.83%
FTSE 100 6,654.88 +5.41 +0.08%
CAC 40 4,300.41 +7.35 +0.17%
DAX 9,351.13 +61.06 +0.66%
Dow closed
Nasdaq closed
S&P 500 closed
(pare/closed(00:00 GMT +02:00)/change, %)
EUR/USD $1,3605 +0,20%
GBP/USD $1,6343 +0,35%
USD/CHF Chf0,9052 -0,24%
USD/JPY Y102,32 +0,18%
EUR/JPY Y139,19 +0,35%
GBP/JPY Y167,20 +0,51%
AUD/USD $0,9099 +0,24%
NZD/USD $0,8117 -0,38%
USD/CAD C$1,0580 -0,12%
0:05 United Kingdom Gfk Consumer Confidence October -11 -8
00:30 Australia Private Sector Credit, m/m October +0.3% +0.4%
00:30 Australia Private Sector Credit, y/y October +3.3% +3.5%
05:00 Japan Housing Starts, y/y October +19.4% +5.5%
07:00 United Kingdom Nationwide house price index November +1.0% +0.6%
07:00 United Kingdom Nationwide house price index, y/y November +5.8% +6.2%
07:00 Germany Retail sales, real adjusted October -0.4% +0.5%
07:00 Germany Retail sales, real unadjusted, y/y October +0.2% +1.5%
07:45 France Consumer spending October -0.1% +0.3%
07:45 France Consumer spending, y/y October -0.1% +0.1%
09:30 United Kingdom Net Lending to Individuals, bln October 1.4 2.1
09:30 United Kingdom Mortgage Approvals October 66.7 68.5
10:00 Eurozone Unemployment Rate October 12.2% 12.2%
10:00 Eurozone Harmonized CPI, Y/Y (Preliminary) November +0.7% +0.8%
10:00 Switzerland KOF Leading Indicator November 1.72 1.82
13:30 Canada GDP (m/m) September +0.3% +0.1%