Retail Sales Data Positifkan Sterling Performance

Monexnews-Pound rose to the highest level in three weeks against the dollar after a Government report showed that retail sales in the United Kingdom increased.

Sterling terapresiasi against 12 of the 16 major currencies over the data put a damper on speculation that the Bank of England will add stimulus that normally affect the currency will weaken. The Pound rose to the highest level in five weeks against the euro as Germany's manufacturing berkontraksinya and Appendix operation problems for Cyprus that bailout spurred the demand for an alternative to the single currency. Meanwhile, the United Kingdom Government bonds strengthened.

"The Data certainly is good news for sterling," said Kathleen Brooks, Research Director at Forex.com in London. "Retail sales Data was better than economists expected. It really is very positive for the pound. "

(fsyl)

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The Eurozone's Manufacturing Performance Consistently Weakened

Monexnews-manufacturing Activity in the Euro zone slowed in February, in the same rate with the performance one month earlier. The latest Data reflect the economy of the eurozone was still difficulty to get out of the recession.

Research firm data, Markit, Friday's release of monthly poll (February) against the manufacturing company executives the number appeared on 47.9. The number of digits below 50 represents a contraction or the economic slowdown, which has been going on for the last 19 months.

"The manufacturing sector is indeed a scourge which led to the decline of the GDP for four consecutive quarters. But look, if no longer a worst downturn trend in the previous months, "said Chris Williamson, Markit's chief economist. Decrease in the number of orders for new products from the territory of the Euro not as bad as expected and predicted improved in March. Manufacturing activity in Germany and Ireland are more powerful, but unfortunately the weakening in 6 other countries as shown by the Markit data. Minimal attenuation occurs in Greece with the index was at became the performance figures and manufacturing 12.0 best since pop-ups last month.

Germany's manufacturing activity increased to 50.3 or high in the past year. That fact shows how big the gap between economic performance in the country with other countries. Factory activity in France even decreased in significant ratio. The economy of the Euro are in recession category in the last nine months of the year 2012. The recession itself is a condition in which a region's economy recorded negative for two consecutive quarters.

(dim)

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The European Commission Is Trying To Reduce The Performance Of The Euro

Monexnews-Euro decrease the gain after the European Commission gave a gloomy economic outlook for the euro-zone. "The euro-Zone will not record positive economic growth up to 2014. The euro zone economy-will contract 0.3% in 2013, "said the European Commission blamed the low channeling credit banking and high rates of unemployment as a barrier to economic recovery. EUR/USD is traded now, away from the high level 1.3204 daily 1.3244

Economic Outlook given the European Commission is quite a contrast with previous estimates that predict the recession will end in 2013. This means the euro-zone will experience a longer recession than it should be. "Improving the situation of the financial markets is not coupled with the growth of credit. With low credit growth then economic activity will still be weak for the short term. Labor market conditions also quite dismaying, "said Marco Buti, Director-General of the economic and Monetary Field to the European Commission. (fr)

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Asian Exchanges Note Stylish Performance

Monexnews-Asian Exchanges today successfully demonstrated slick performance after last week the index had corrected. Strengthening of the index occurred after Japan managed to avoid criticism from the G20 participants at a meeting last weekend. While Australia is a strong company earnings successfully delivering high level Exchange to new.

The G20 Summit that was held in Moscow, ending with an agreement that achieved the vowed members to refrain to target currency policy in order to achieve profit. As a country with a currency that moves most significantly in Asia, Japan has not given any signals sharp volatility in the exchange rate of its currency. The Yen began to depreciate sharply late last year due to expectations that the new Government will implement monetary policy aggressively.

The u.s. dollar strengthened against the yen in early trade in the market. Currently in Y Y 93.51 93.96 compared to Friday evening in New York. A weakening yen gave the odds on strengthening Japan's stock with the Nikkei recorded up 2.0%. Banking and real estate companies led the strengthening stock: Mitsubishi UFJ Financial Group + 4.3% and real estate company Mitsui Fudosan + 3.6%. Exporter stocks moving up by + 2.5% Honda Motor and Toyota Motor Corp. 's gain of 2.5%.

S&P Australia/ASX 200 rose 0.4%, traded on the new high level four and a half years. The market was helped by a positive earnings. Bluescope Steel, Australia's largest steel producers soared 13.5% decline in the profit after reporting a first half. Performance shares benefited by restructuring including trimming more than 1,800 workers. Bendigo Adelaide Bank & up 3.9% after the release of better earnings than expected while Amcor rose 3.1% after the release of the interim report. Earnings reports are still underway in Australia, with several large companies including BHP Billiton, Woodside Petroleum and QBE Insurance Group. South Korea Kospi up 0.1%.

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Sterling Performance The Worst Weekly Print Since June

Monexnews-Sterling scored the worst weekly loss since June versus the Greenback after the United Kingdom retail sales data unexpectedly showed results that were worse than expected, adding to evidence the economic recovery goyahnya. Sales, including fuel, shrank 0.6% at the beginning of this year after a record decline of 0.3% in December, according to the Office for national statistics report in London. It's the end of an increase in expectations of a decline of 0.5% of the economists.

"The Economic Data disappoint investors again United Kingdom," said Ian Stannard, head of forex strategy in Europe at Morgan Stanley in London. "Sterling is still potentially continue weakening, which would be menghantarkannnya as one of the worst-performing currencies." (vid)

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Consumer Confidence Spurred The Aussie Performance

Monexnews-terapresiasi Australia Dollar versus other major currencies as consumer confidence surged to the highest level of a 2-year, which erode expectations trimming interest rates by RBA. The Melbourne Institute and Westpac reports showed consumer confidence index surged 7.7% Australia in February to the highest level since December 2010.

"RBA interest rate reduction Opportunities in March has been slightly reduced after the upcoming survey on consumer confidence," said Jonathan Cavenagh, currency analyst of Westpac Banking Corp. in Singapore. "And it has improved short-term outlook Aussie." (vid)

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