UK Manufacturing Orders Drop At Slower Pace: CBI

Trading 20 août 2019 Commentaire »

UK manufacturing orders decreased at a slower pace in August, the Industrial Trends Survey from the Confederation of British Industry showed Tuesday.

The order book balance rose to -13 percent in August from -34 percent in July. Likewise, the export order book balance improved to -15 percent from -32 percent.

Manufacturers expect to keep output prices in the next three months broadly unchanged - the lowest balance since February 2016.

Anna Leach, CBI deputy chief economist, said, "Despite signs of stabilisation in the data this month, UK manufactures remain on the receiving end of a double whammy: the slowdown in the global economy and Brexit uncertainty."

"Trade tensions between nations such as China and the US only exacerbate the demand uncertainty facing UK manufacturers."


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*Portugal Jul Producer Prices Flat On Month

Trading 20 août 2019 Commentaire »

Portugal Jul Producer Prices Flat On Month


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*Portugal Jul Producer Prices -0.4% On Year Vs. -0.2% In June

Trading 20 août 2019 Commentaire »

Portugal Jul Producer Prices -0.4% On Year Vs. -0.2% In June


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*UK Aug Order Book Balance Rises To -13%, Consensus -25%

Trading 20 août 2019 Commentaire »

UK Aug Order Book Balance Rises To -13%, Consensus -25%


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Oil Prices Hold Steady After Rally

Trading 20 août 2019 Commentaire »

Oil prices held steady on Tuesday after sharp gains in the previous session following a weekend attack on a Saudi oil facility by Yemeni separatists.

Benchmark Brent crude traded flat at $59.74 a barrel, after climbing around 1.9 percent on Monday. U.S. crude futures were marginally higher at $56.16 a barrel, after rallying 2.4 percent the previous day.

Oil prices remain supported by talk of more stimulus from central banks and signs of a possible thaw in the ongoing trade war between the world's two largest economies.

The Trump administration once again delayed restrictions on Chinese tech giant Huawei for another 90 days, helping raise hopes for a de-escalation in the U.S.-China trade dispute.

China's central bank has changed the way commercial lenders set interest rates for loans - a move expected to ensure lower lending rates at a time when investors remain concerned that U.S. President Trump's trade war with China is undermining global economic growth.

Germany's right-left coalition government is getting ready to act to shore up Europe's largest economy to counter a possible recession.

Finnish central bank governor Olli Rehn said on Monday that the European Central Bank (ECB) is determined to act if the medium-term inflation outlook continues to fall short of the ECB's aim.

Inventory data from the American Petroleum Institute (API), an industry group, will be released later today while the EIA crude oil inventory report is due to be released on Wednesday.


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*Pound Edges Down To 0.9167 Against Euro

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Pound Edges Down To 0.9167 Against Euro


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*Pound Drops To 4-day Low Of 1.1833 Against Franc

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Pound Drops To 4-day Low Of 1.1833 Against Franc


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*Pound Weakens To 4-day Low Of 1.2083 Against Dollar

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Pound Weakens To 4-day Low Of 1.2083 Against Dollar


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Eurozone Construction Output Remains Flat In June

Trading 20 août 2019 Commentaire »

Eurozone construction output remained unchanged in June after easing for three straight months, Eurostat reported Tuesday. Production was flat after decreasing 0.5 percent in May and 1.5 percent in April. Building output gained 0.3 percent, while civil engineering fell 0.5 percent.

On a yearly basis, construction output growth eased to 1 percent in June from 1.7 percent in May. This was the weakest expansion in five months.

In the EU28, production in construction fell 0.3 percent in June from May and increased 0.6 percent annually.


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Taiwan Export Orders Continue To Fall

Trading 20 août 2019 Commentaire »

Taiwan's export orders decreased further in July, but at a slower-than-expected pace, as the foreign demand for machinery and basic metals plummeted, figures from the Ministry of Economic Affairs showed on Tuesday.

Export orders fell 3 percent year-on-year in US dollar terms in July, which was much slower than the 5.9 percent decline economists had predicted.

In June, orders had fallen 4.5 percent.

Orders for machinery tumbled 19.7 percent and those for basic metals and products fell 16.1 percent. Bookings for optical, photographic, cinematographic equipment, information and communication products, electronics, textiles, plastics, rubber and chemicals also declined.

On the other hand, orders for electrical machinery products, transport equipment and mineral products increased.

Month-on-month, export orders grew 5.3 percent in July.

In the January to July period, export orders decreased 6 percent from the same period last year.


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