*Australia Performance Of Service Index 52.1 In December – AiG

Trading 08 jan 2019 Commentaire »

Australia Performance Of Service Index 52.1 In December - AiG


The material has been provided by InstaForex Company - www.instaforex.com

Australia Building Approval Data Due On Wednesday

Trading 08 jan 2019 Commentaire »

Australia will on Wednesday release November numbers for building approvals, highlighting a modest day for Asia-Pacific economic activity.

Building approvals are tipped to fall 0.3 percent on month and 24.8 percent on year after falling 1.5 percent on month and 13.4 percent on year in October.

Australia also will see December results for the Performance of Service Index from AiG; in November, the index score was 55.1.

Japan will provide November figures for labor cash earnings, with forecasts suggesting a gain of 1.2 percent on year following the 1.5 percent increase in October. Real cash earnings are predicted to add an annual 0.4 percent after easing 0.1 percent in the previous month.

New Zealand will see January numbers for the commodity price index from ANZ; in December, the index dipped 0.6 percent.


The material has been provided by InstaForex Company - www.instaforex.com

Crude Oil Futures Extend Gains To 7th Straight Session

Trading 08 jan 2019 Commentaire »

Crude oil prices moved up sharply on Tuesday, extending gains to a seventh successive session, riding on optimism about U.S.-China trade discussions and reports about output reductions by oil producers.

Crude oil futures for February ended up $1.26, or 2.6%, at $49.78 a barrel.

On Monday, crude oil futures ended up $0.56, or 1.2%, at $48.52 a barrel.

High level trade talks between U.S. and Chinese officials entered the second day today. A positive outcome from the discussions would help the two nations strike a long term trade deal and result in economic revival in China and boost the global economy.

In a fresh sign that discussions are moving in the right direction, the U.S. and Chinese negotiators have reportedly agreed to extend trade talks until Wednesday. Earlier in the day, U.S. President Donald Trump tweeted, "Talks with China are going very well!"

Oil's uptick is also supported by recent reports about Saudi Arabia looking to cut crude exports and drop in output from OPEC.

According to reports, Saudi Arabia is likely to cut crude exports by 800,000 barrels per day from November levels, to 7.1 million barrels a day by end January. The kingdom is aiming to lift lift crude oil prices to $80 a barrel mark in order to help cover a surge in government spending.

However, it is still feared that energy demand from China may not see any significantly sharp increase in the near term and this could cap oil's upside.

Last week, a survey from Reuters showed oil output from OPEC fell by 530,000 barrels a day to 32.6 million a day in December, marking the sharpest pullback since January 2017 as top exporter Saudi Arabia throttled back production.

Meanwhile, traders were looking ahead to weekly oil reports from the American Petroleum Institute and U.S. Energy Information Administration, due later today and tomorrow morning, respectively. U.S. crude production rose by about 2 million barrels per day to a record 11.7 million barrels per day in 2018, contributing substantially to the sharp decline in crude oil prices during the second half of the year.


The material has been provided by InstaForex Company - www.instaforex.com

Dollar Inching Higher In Cautious Trade

Trading 08 jan 2019 Commentaire »

The dollar is up slightly against all of its major rivals Tuesday afternoon. While hopes for a trade deal between the U.S. and China have been driving equities higher, concerns over the continued partial government shutdown have left traders feeling cautious.

Later tonight, President Trump is scheduled to deliver a national address on what his administration has described as a "crisis" on the southern border.

Trump has made numerous attempts to draw public attention to problems caused by illegal immigrants amid an impasse over funding for his controversial border wall.

The president has recently suggested he could bypass Congress and obtain funding for the wall by declaring the situation on the border a national emergency.

The dollar has risen to around $1.1440 against the Euro Tuesday afternoon, from an early low of $1.1484.

Eurozone's economic sentiment decreased more-than-expected in December to its lowest level since the start of 2017, survey data from the European Commission showed on Tuesday. The economic sentiment index dropped to 107.3 from 109.5 in November. Economists had predicted a score of 108.2.

Germany's industrial production unexpectedly decreased for a third straight month in November, amid a sharp fall in consumer goods and energy output, worsening fears of a technical recession in the biggest euro area economy.

Overall industrial production fell a calendar and seasonally adjusted 1.9 percent from October, when it decreased 0.8 percent, revised from 0.5 percent, preliminary data from the Federal Statistical Office showed on Tuesday.

Economists had expected a 0.3 percent increase. The latest decline was the biggest since a 2.3 percent slump in July.

France's merchandise trade deficit widened sharply in November and was worse than economists' forecast, preliminary figures from the French Customs showed on Tuesday. The visible trade deficit rose to EUR 5.1 billion from EUR 4.1 billion in October. Economists had expected a shortfall of EUR 4.9 billion for November. A year ago, the deficit was EUR 5.96 billion.

The buck slipped to an early low of $1.2797 against the pound sterling Tuesday, but has since climbed to around $1.2710.

UK house price inflation accelerated in December after slowing in the previous month, though house price growth for 2018 remain thin, survey data from the Lloyds Bank unit Halifax showed on Tuesday. House price rose 1.3 percent year-on-year in the three months to December, which was faster than the 0.3 percent growth in the three months to November. Economists had expected a 0.4 percent increase.

The greenback rose to an early high of Y109.087 against the Japanese Yen Tuesday, but has since eased back to around Y108.650.

Japan's consumer confidence weakened for a third consecutive month in December, preliminary data from the Cabinet Office showed on Tuesday. The consumer confidence index for households with two or more persons fell to a seasonally adjusted 42.7 from 42.9 in November. Economists had forecast a score of 42.8 for December.


The material has been provided by InstaForex Company - www.instaforex.com

Gold Futures Settle Lower

Trading 08 jan 2019 Commentaire »

Gold prices edged lower on Tuesday as a stronger dollar and gains in stock markets amid optimism about U.S.-China trade talks took some shine off the yellow metal.

The dollar, which had turned weak amid speculation the Federal Reserve might pause monetary tightening this year, gained ground against most major currencies today, after the euro weakened on data showing an unexpected decline in German industrial output.

The dollar index gained more than 0.40% to 95.61 before retreating to around 95.45.

Gold futures for February ended down $4.00, or 0.3%, at $1,285.90 an ounce.

On Monday, gold futures settled at $1,289.90 an ounce, gaining $4.10, or 0.3% for the session.

Silver futures for March ended at $15.713 an ounce, down $0.043 from previous close.

Copper futures for March settled at $2.656 per pound, up $0.019 from yesterday's close.

The euro weakened after preliminary data from the Federal Statistical Office showed Germany's industrial production unexpectedly decreased for a third straight month in November, amid a sharp fall in consumer goods and energy output, worsening fears of a technical recession in the biggest euro area economy.

Overall industrial production fell a calendar and seasonally adjusted 1.9% from October, when it decreased 0.8%, revised from 0.5%, the data showed. Economists had expected a 0.3% increase. The latest decline was the biggest since a 2.3% slump in July.

Meanwhile, in a fresh sign that discussions are moving in the right direction, the U.S. and Chinese negotiators have reportedly agreed to extend trade talks until Wednesday. Earlier in the day, U.S. President Donald Trump tweeted, "Talks with China are going very well!"


The material has been provided by InstaForex Company - www.instaforex.com

Chile Inflation At 6-month Low

Trading 08 jan 2019 Commentaire »

Chile's inflation slowed for a third consecutive month to its lowest level in six months in December, data from INE showed on Tuesday.

The consumer price index climbed 2.6 percent annually in December, after a 2.8 percent increase in November. Inflation was the lowest since June, when it was 2.5 percent.

Clothing and footwear prices had the biggest fall of 1.5 percent in December, followed by food and non-alcoholic beverages with a 0.8 percent drop, the agency reported.

On a monthly comparison, the consumer price index dropped 0.1 in December after remaining unchanged in the previous month.


The material has been provided by InstaForex Company - www.instaforex.com

Ireland November Retail Sales Growth Slows

Trading 08 jan 2019 Commentaire »

Ireland's retail sales increased at the slowest pace in three months in November, data from the Central Statistics Office showed on Tuesday.

The volume of retail sales climbed a seasonally adjusted 3.6 percent year-on-year in November, reversing a 6.4 percent increase in October.

The sectors with the largest monthly volume gains were electrical goods and bars.

The biggest declines were in pharmaceuticals, medical & cosmetic articles and food, beverages & tobacco.

Retail sales excluding motor trade rose 1.9 percent year-on-year.

On a monthly basis, retail sales volume fell 0.1 percent. Excluding motor trades, retail sales registered a rise of 0.2 percent from the previous month.


The material has been provided by InstaForex Company - www.instaforex.com

Hungary Industrial Production Growth Slows In November

Trading 08 jan 2019 Commentaire »

Hungary's industrial production growth slowed in November, flash data from the Hungarian Central Statistical Office showed on Tuesday.

Industrial production grew an unadjusted 4.0 percent year-on-year in November after a rise of 5.9 percent in October.

After working day adjustments, production rose by 3.5 percent in November from a 3.2 percent rise.

On a month-on-month basis, the industrial production fell 1.1 percent in November after a 2.0 percent rise in the previous month.

The manufacture of transport equipment, which carries the biggest weight on the index, grew at a similar rate to the previous month.

The manufacture of computer, electronic and optical products rose strongly in November, and production of food products, beverages and tobacco were higher than a year earlier.


The material has been provided by InstaForex Company - www.instaforex.com

Norway Industrial Production Growth Slows In November

Trading 08 jan 2019 Commentaire »

Norway's industrial production slowed in November, after a strong improvement in the previous month, figures from Statistics Norway showed Tuesday.

Industrial production climbed a calendar-adjusted 2.6 percent year-over-year in November, after a 4.5 percent rise in October.

Among sectors, output of extraction and related services declined 2.6 percent annually in November, while manufacturing production rose 2.8 percent.

At the same time, mining and quarrying output registered a decline of 1.6 percent. Utility sector output dropped 0.7 percent.

On a monthly basis, industrial production logged 1.5 percent from November, when it rose by 2.3 percent.

Manufacturing production remained flat in November.


The material has been provided by InstaForex Company - www.instaforex.com

Estonia Consumer Price Inflation Stable In December

Trading 08 jan 2019 Commentaire »

Estonia's consumer price inflation held steady in December, data from Statistics Estonia showed on Friday.

Inflation was 3.4 percent in December, same as in November. In October, inflation was 4.4 percent. A year ago, inflation was 3.4 percent.

The consumer price index was mostly affected by housing, which contributed nearly 40 percent of the total increase of the index. Electricity prices rose 18.4 percent.

In November, consumer price index dropped 0.3 percent month-on-month, after a fall of 0.5 in the previous month.

The average inflation of 2018 was 3.4 percent, same as in 2017.


The material has been provided by InstaForex Company - www.instaforex.com