bota mircea
Limelight was stolen Wednesday from emerging currencies. Pulse Turkish lira, the South African Rand and the Hungarian forint was stronger than the Euro and Sterling. In the shadow passed and data in Europe: consumer confidence Teutonic good but credit contraction suggests that the ECB will have to be inventive to stimulate lending. The last meeting of Ben Bernanke has gathered attention from the hustle magnificent natural surrounding emerging markets.
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bota mircea
Alain Verleyen
Comment to topic Programming contest : find some bugs in less time. Start Monday at 15:00 GMT. Sign up here.
We get 1 winner, which is not even listed as participant. The winner is Tjipke de Vries (deVries) Congratulations ! He found the 3 bugs I introduced, and even a little more, good work ! Here his code
bota mircea
European equity markets were down after the financial reports of companies came below expectations. U.S. stocks continued their decline as investors fear a cut accelerate monetary stimulus. Asian equity market fell from reduced profitability growth of Chinese industrial companies.
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bota mircea
Annualized sales of new homes down , but the Fed may take the
Hopes and then scattered gather speed in the market ( as in other areas of life ) , especially after a shock like the one on Friday. Stock markets have lost 24 of the month nearly 3 % in Germany and France , and more than 2 % in the U.S. , a drop in investors seem to have forgotten to be possible , after several months passed without similar variations . New houses sold in December led to an annual rate of 414 000 , under the most pessimistic estimate preliminary survey - but the whole year figures add up to a jump of 16 % compared to 2013. Moreover, the first assessment services sector shows positive . So the Fed may not be persuaded by these data , keeping pace slowing 10 billion dollars a month . So think now markets and indices remain under pressure to generate new lows .
Our view is more nuanced : the Fed is forced to temper Wednesday .. more data will be needed for a clear formulation .
Hopes and then scattered gather speed in the market ( as in other areas of life ) , especially after a shock like the one on Friday. Stock markets have lost 24 of the month nearly 3 % in Germany and France , and more than 2 % in the U.S. , a drop in investors seem to have forgotten to be possible , after several months passed without similar variations . New houses sold in December led to an annual rate of 414 000 , under the most pessimistic estimate preliminary survey - but the whole year figures add up to a jump of 16 % compared to 2013. Moreover, the first assessment services sector shows positive . So the Fed may not be persuaded by these data , keeping pace slowing 10 billion dollars a month . So think now markets and indices remain under pressure to generate new lows .
Our view is more nuanced : the Fed is forced to temper Wednesday .. more data will be needed for a clear formulation .
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bota mircea
The Euro is in a hurry to celebrate
Champagne ? At least one glass for investors who had long positions in euros. PMI indices reflected an industry regains its breath in France and solid growth in Germany. Average in the euro area was 53.9 points , while the services sector has managed to exceed estimates although Germany had a marginal improvement . The current account surplus is a more consistent , showing that , despite the wailing of France , on the whole Eurozone is doing pretty well even in a EUR / USD close to 1.36. Pain is 26 % unemployment in Spain, but even stopped growing ( it's still near the top historically suggestive of depression ) . Eurozone composite index , shown below , shows why Europe sees the light trembling of the crisis. It can support the hypothesis of a return to power of the single currency ? For now it seems that there 's a need for more arguments , because the Fed 's strategy rooted in stopping QE program than Europe economy recovery .
Champagne ? At least one glass for investors who had long positions in euros. PMI indices reflected an industry regains its breath in France and solid growth in Germany. Average in the euro area was 53.9 points , while the services sector has managed to exceed estimates although Germany had a marginal improvement . The current account surplus is a more consistent , showing that , despite the wailing of France , on the whole Eurozone is doing pretty well even in a EUR / USD close to 1.36. Pain is 26 % unemployment in Spain, but even stopped growing ( it's still near the top historically suggestive of depression ) . Eurozone composite index , shown below , shows why Europe sees the light trembling of the crisis. It can support the hypothesis of a return to power of the single currency ? For now it seems that there 's a need for more arguments , because the Fed 's strategy rooted in stopping QE program than Europe economy recovery .
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bota mircea
The U.S. dollar declined from the peak last four months in a day when we had economic data from America. Canadian dollar reaches last four years minimum before meeting members of the central bank today. Pound reached year highs against the euro rose after the IMF growth forecast for the UK.
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