rnrnrnrnrnrnForex | Online Forex Trading | Currency Trading | Forex Broker
Client Cabinet

Cotații Forex OnLine

<a href="https://www.instaforex.com/">InstaForex portal</a>
<a href="https://www.instaforex.com/">Forex Romania</a>
<a href="http://www.instaforex.com/?x=MTL">Forex Romania</a>

Instrumente Tranzacționare FOREX

Stiri InstaForex

25.01.2020
01:56 AM


Dollar Rises Amid Rising Worries About Coronavirus

The U.S. dollar gained in strength against most major currencies on Friday, due largely to its safe-haven appeal, after worries about the impact of the coronavirus resurfaced.

The dollar index, which rose to 97.95 a little before noon, eased a bit subsequently, but still stayed above the flat line. At 97.87, the index was up 0.18% in late afternoon trades.

Against the Euro, the dollar strengthened to $1.1030, up 0.23%, compared to Thursday's close of $1.1054.

Against Pound Sterling, the dollar strengthened to $1.3078.

The Japanese Yen gained against the dollar, with a unit of dollar fetching 109.26 yen

The Aussie was down more than 0.3% against the dollar, at 0.6824. Against the loonie and Swiss franc, the dollar was stronger at 1.3145 and 0.9711, respectively.

The World Health Organisation said on Wednesday that the spread of the coronavirus in China cannot be declared a global health emergency.

The WHO said that the outbreak is an emergency for China, but it has not yet become a global emergency.

However, worries about the impact of coronavirus outbreak resurfaced after the Center for Disease Control and Prevention confirmed the second case of the virus in the U.S.

The CDC said the patient, a woman in her 60s, recently returned from a trip to Wuhan, China, and is currently doing well and in stable condition.

The public health agency said another sixty-three patients in twenty-two states are being monitored for signs of infection.

Meanwhile, according to reports, China has restricted movement of close to 46 million people in and out of cities near the center of the coronavirus outbreak. The country has also canceled Lunar New Year events as the number of infected cases is on the rise.


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

Vezi detalii
25.01.2020
12:29 AM


Crude Oil Futures Settle Sharply Lower

Crude oil prices drifted lower on Friday, extending recent losses, amid rising concerns about the outlook for energy demand and excess supply in the market.

Earlier in the day, the World Health Organization's determination that it is too early to declare the Chinese coronavirus outbreak a Public Health Emergency of International Concern, limited oil's decline.

But prices edged lower subsequently as worries about the impact of coronavirus resurfaced, raising concerns about the outlook for near-term energy demand.

West Texas Intermediate Crude oil futures for March ended down $1.40, or about 2.5%, at $54.19 a barrel.

WTI crude oil futures shed about 7.5% in the week, the biggest weekly loss since falling almost 9% in the last week of May 2019.

The Center for Disease Control and Prevention confirmed the second case of the virus in the U.S.

The CDC said the patient, a woman in her 60s, recently returned from a trip to Wuhan, China, and is currently doing well and in stable condition.

The public health agency said another sixty three patients in twenty-two states are being monitored for signs of infection.

Meanwhile, according to reports, China has restricted movement of close to 46 million people in and out of cities near the center of the coronavirus outbreak. The country has also canceled Lunar New Year events as the number of infected cases is on the rise.

It is feared that a slowing Chinese economy might significantly impact energy demand as the world's second largest economy is the largest crude oil importer.


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

Vezi detalii
25.01.2020
12:18 AM


Treasuries Move Notably Higher Amid Coronavirus Concerns

Treasuries moved significantly higher over the course of the trading session on Friday, extending the upward trend seen over the past few sessions.

Bond prices showed a steady advance throughout the session before closing firmly in positive territory. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, slid 5.9 basis points to 1.681 percent.

With the notable decrease on the day, the ten-year yield ended the session at its lowest closing level in well over three months.

The upward move by treasuries came after the Centers for Disease Control and Prevention confirmed the second case of the Chinese coronavirus in the U.S.

The CDC said the patient, a woman in her 60s, recently returned from a trip to Wuhan, China, and is currently doing well and in stable condition.

The public health agency said another sixty-three patients in twenty-two states are being monitored for signs of infection.

The news led to a resurgence in concerns about the impact of the coronavirus outbreak after the World Health Organization helped tamp down worries on Thursday by saying it is too early to declare the situation a global health emergency.

Any news on the coronavirus front is likely to remain in focus next week, potentially overshadowing the Federal Reserve's monetary policy announcement. The Fed is widely expected to leave interest rates unchanged.

A slew of U.S. economic data is also scheduled to be released next week, including reports on new home sales, durable goods orders, consumer confidence, pending home sales, personal income and spending.

Bond traders may also keep an eye on the results of the Treasury Department's auctions of two-year, five-year and seven-year notes.


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

Vezi detalii
24.01.2020
11:46 PM


Gold Futures Settle At Near 3-week High

Gold prices moved higher on Friday as investors sought the safe-haven asset amid mounting fears about the coronavirus outbreak.

However, a firm dollar limited gold's gains. The dollar index, which rose to 97.95, was last seen at 97.86, up 0.18% from previous close.

Gold futures for February ended up $6.50, or about 0.4%, at $1,571.90 an ounce, the highest settlement since January 7.

On Thursday, gold futures for February ended up $8.70, or about 0.6%, at $1,565.40 an ounce.

Silver futures for March ended up $0.284 at $18.113 an ounce, while Copper futures for March settled at $2.6840 per pound, down $0.0420 from previous close.

Gold prices edged lower earlier in the day, reacting to World Health Organization's determination that it is too early to declare the Chinese coronavirus outbreak a Public Health Emergency of International Concern.

However, prices rebounded as fears about coronavirus outbreak resurfaced after the Centers for Disease Control and Prevention confirmed the second case of the virus in the U.S.

The CDC said the patient, a woman in her 60s, recently returned from a trip to Wuhan, China, and is currently doing well and in stable condition.

The public health agency said another sixty-three patients in twenty-two states are being monitored for signs of infection.

Meanwhile, according to reports, China has restricted movement of close to 46 million people in and out of cities near the center of the coronavirus outbreak. The country has also canceled Lunar New Year events as the number of infected cases is on the rise.


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

Vezi detalii
24.01.2020
06:46 PM


Belgium Business Confidence Improves Further

Belgium's business confidence improved further in January, extending the upward trend seen since September, survey results from the National Bank of Belgium showed on Friday.

The business confidence index climbed to -2 from -3.4 in December.

The business climate improved in all branches of activity, except in the construction sector where sentiment eroded due to a weaker assessment of the demand outlook.

In manufacturing, morale strengthened for the fourth consecutive month. The survey also showed that the production capacity utilization rate in the manufacturing industry fell to 78.6 percent in January from 79.4 percent in October.


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

Vezi detalii
24.01.2020
06:39 PM


*Belgium Jan Business Confidence -2 Vs. -3.4 In December

Belgium Jan Business Confidence -2 Vs. -3.4 In December


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

Vezi detalii
24.01.2020
06:37 PM


Professional Forecasters Raise 2020 Eurozone GDP Forecast: ECB Survey

Professional forecasters raised the euro area economic growth forecast for this year, while slashed the projection for next year, results of a quarterly survey by the European Central Bank showed on Friday.

The growth forecast for this year was raised to 1.1 percent from 1 percent in the fourth quarter survey. The projection for next year was lowered to 1.2 percent from 1.3 percent.

Growth was forecast at 1.4 percent for 2022.

The longer-term growth forecast, which is for 2024, is 1.4 percent, unchanged from the previous round.

The inflation forecast for this year and next year was retained at 1.2 percent and 1.4 percent, respectively. For 2022, price growth is seen at 1.5 percent and the longer term projection was retained at 1.7 percent.

Core inflation, which excludes energy, food, alcohol and tobacco prices, is forecast at 1.2 percent this year, same as seen in the fourth quarter. The outlook for next year was trimmed to 1.3 percent from 1.4 percent.

In 2022, core inflation is seen at 1.5 percent and the longer term projection was kept at 1.6 percent.


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

Vezi detalii
24.01.2020
06:08 PM


Dollar Higher As China Virus Worries Recede

The U.S. dollar climbed against its major counterparts in the European session on Friday, after the World Health Organisation said that the spread of the coronavirus in China cannot be declared a global health emergency.

The WHO said that the outbreak is an emergency for China, but it has not yet become a global emergency.

Beijing has restricted movements in selected cities in an attempt to contain the virus during the busy New Year holidays.

The death toll has risen to 26 in China and those infected had been confirmed at 830.

Today's U.S. economic docket is relatively light, with Markit's manufacturing survey due in the American session.

The greenback has been trading higher against its most major opponents in the previous session.

The greenback rose to 109.65 against the yen and held steady thereafter. At yesterday's close, the pair was worth 109.49.

Data from the Ministry of Internal Affairs showed that Japan's inflation accelerated in December but remained well below the 2 percent target.

Consumer price inflation increased to 0.8 percent in December from 0.5 percent a month ago. This was also above economists' forecast of 0.7 percent.

The greenback climbed to a 2-day high of 0.9715 against the franc and near a 2-month high of 1.1026 against the euro, from its early lows of 0.9685 and 1.1062,respectively. The greenback is seen finding resistance around 1.00 against the franc and 1.08 against the euro.

The greenback firmed to a 2-day high of 1.3080 against the pound, off its early more than a 2-week low of 1.3173. On the upside, 1.28 is seen as the next resistance level for the dollar.

Survey results from IHS Markit and Chartered Institute of Procurement & Supply showed that the UK private sector returned to growth in January driven by a sharp rise in new work.

The composite output index rose to a 16-month high of 52.4 in January from 49.3 in December.

The greenback recovered to 0.6834 against the aussie and 0.6609 against the kiwi, from its early low of 0.6857 and a weekly low of 0.6629, respectively. The greenback is likely to find resistance around 0.67 against the aussie and 0.645 against the kiwi.

In contrast, the greenback fell to 2-day low of 1.3117 against the loonie, from yesterday's closing value of 1.3127. If the greenback falls further, it may find support the 1.30 mark.

The IHS Markit's U.S. manufacturing PMI for January is scheduled for release in the New York session.


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

Vezi detalii
24.01.2020
05:32 PM


Loonie Drops Following Canada Retail Sales

After the release of Canada retail sales for December at 8.30 am ET Friday, the loonie dropped against its major rivals.

The loonie was trading at 1.3134 against the greenback, 83.41 against the yen, 0.8987 against the aussie and 1.4493 against the euro around 8:32 am ET.


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

Vezi detalii
24.01.2020
05:31 PM


*Canadian Retail Sales Climb 0.9% In November

Canadian Retail Sales Climb 0.9% In November


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

Vezi detalii
24.01.2020
05:26 PM


Loonie Mixed Ahead Of Canada Retail Sales

At 8.30 am ET Friday, Canada retail sales for December are due. Ahead of the data, the loonie traded mixed against its major rivals. While the loonie rose against the euro, it held steady against the rest of major rivals. The loonie was worth 1.3128 against the greenback, 83.50 against the yen, 0.8983 against the aussie and 1.4484 against the euro as of 8:25 am ET.


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

Vezi detalii
24.01.2020
04:34 PM


UK Private Sector Expands For First Time In 5 Months

The UK private sector returned to growth in January as the receding political uncertainty lifted new orders, survey results from IHS Markit and the Chartered Institute of Procurement & Supply showed Friday.

The flash composite output index rose to a 16-month high of 52.4 in January from 49.3 in December.

The headline reading registered above the crucial 50 score for the first time since August 2019. The score was also above the forecast of 50.7.

The survey is indicative of GDP rising at a quarterly rate of approximately 0.2 percent in January, representing a welcome revival of growth after the malaise seen in the closing months of 2019, Chris Williamson, chief business economist at IHS Markit, said.

"It seems likely that the rise in the PMI kills off the prospect of an imminent rate cut by the Bank of England, with policymakers taking a wait and see approach as they assess the performance of the economy in the post-Brexit environment," Williamson added.

The rebound in the PMIs and the prospect of a further boost from fiscal policy in the Budget on March 11 will probably be enough for the BoE to decide that the economy is moving in the right direction and it doesn't need an extra push from lower interest rates, Paul Dales, an economist at Capital Economics, said.

The service sector expanded at the fastest pace in more than a year and the manufacturing sector moved closer to stagnation.

The services Purchasing Managers' Index advanced more-than-expected to 52.9 in January from 50.0 a month ago. The expected level was 51.1.

At the same time, the manufacturing PMI improved to 49.8 from 47.5 in the previous month and above the forecast of 48.8.

New work grew the most since September 2018 as reduced political uncertainty following the general election had a positive impact on business and consumer spending decisions at the start of the year.

Employment numbers advanced for the second straight month. Additional staff hiring was underpinned by a sustained rebound in output growth projections with business optimism hitting highest since mid 2015.

Input price inflation was the highest for four months. Average prices charged by firms increased at the fastest pace since May 2019.


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

Vezi detalii
24.01.2020
04:31 PM


Eurozone Private Sector Logs Moderate Growth

The euro area private sector grew at the same moderate pace as seen in the final month of 2019, reflecting muted pace of new order growth, flash survey data from IHS Markit showed Friday.

The composite output index held steady at 50.9 in January, indicating a further muted increase in activity across the currency bloc. The score was expected to rise to 51.1. However, a reading above 50 indicates expansion in the sector.

The unchanged reading for the composite PMI in January leaves it still consistent with fairly slow GDP growth, Jack Allen-Reynolds, an economist at Capital Economics, said. The economy is likely to continue to grow at a meager pace in 2020.

The services Purchasing Managers' Index fell to 52.2 from 52.8 in the previous month. This was also below the forecast of 53.0.

Meanwhile, the manufacturing PMI rose to 47.8 in January from 46.3 a month ago. The reading was expected to climb moderately to 46.8. Nonetheless, the sector remained in negative zone.

While rates of growth in output and new orders remained muted, companies were increasingly confident regarding the year ahead outlook for activity as sentiment rose to a 16-month high. Further, the rate of job creation quickened from that seen at the end of 2019.

On the inflation front, the survey showed that the rate of input cost inflation quickened to an eight-month high. In turn, companies raised their selling prices which was broadly in line with those seen through the second half of 2019.

The survey showed that the combined growth of the 'big-2' eurozone economies picked up, but this was offset by near-stagnation across the rest of the single-currency area.

"Overall, a stable picture for both growth and inflation will likely reassure the European Central Bank that they are safe to keep monetary policy fixed for now while carrying out a strategy review," Andrew Harker, an associate director at IHS Markit, said.

Germany's private sector gained momentum in January as services activity grew at the fastest pace in five months amid a slower decline in manufacturing.

The flash composite output index rose more-than-expected to 51.1 in January from 50.2 in December. This was the highest score in five months and above the forecast of 50.5.

The services PMI hit a five-month high of 54.2 versus 52.9 in the previous month. The reading was forecast to rise marginally to 53.0.

Although the manufacturing PMI rose to an 11-month high of 45.2 in January from 43.7 a month ago, the reading was well below the neutral 50. Economists had forecast a reading of 44.5.

Elsewhere, France's private sector grew at the slowest pace in four months in January. The flash composite output index fell to 51.5 in January from 52.0 in December. The reading was forecast to remain unchanged at 52.0.

Although service providers continued to outperform manufacturers, the former saw activity growth ease to the weakest in four months.

The services PMI came in at 51.7, down from 52.4 a month ago and below the forecast of 52.2.

Meanwhile, the manufacturing PMI rose more-than-expected to 51.0 from 50.4 in December. The expected reading was 50.6.


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

Vezi detalii
24.01.2020
03:37 PM


Czech Economic Confidence Falls In January

The Czech Republic's economic confidence weakened in January after rising in the previous month, survey results from the Czech Statistical Office showed on Friday.

The economic sentiment index fell to 98.1 in January from 99.1 in December. In November, the confidence index stood at 98.5.

Likewise, the business confidence index decreased to 96.7 in January from 96.8 in the previous month.

The industrial sentiment index declined to 91.1 in January from 93.0 in the preceding month.

The measure of confidence in construction came in at 123.9 in January, down from 126.3 in the prior month, while that in trade rose to 98.3 from 94.6.

The consumer confidence fell to 104.8 in January from 110.0 a month ago.


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

Vezi detalii
24.01.2020
03:34 PM


Spain Producer Prices Decline At Slower Pace In December

Spain producer prices declined at a slower rate in December, data from the statistical office INE showed on Friday.

The producer price index fell 1.9 percent on year in December, following a revised 2.4 percent decrease in November. Prices have declined for the seventh straight month.

Excluding energy, producer prices rose 0.3 percent in December, in contrast to a 0.1 percent fall in the previous month.

Among components, prices for non-durable goods grew 1.6 percent annually in December. Consumer goods prices rose 1.6 percent and capital goods prices gained 1.1 percent. Meanwhile, prices for energy and intermediate goods declined 6.5 percent and 1.4 percent, respectively.

On a month-on-month basis, producer prices fell 0.5 percent in December, following a 0.6 percent decrease in the prior month. This was the second consecutive decrease in prices.


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

Vezi detalii
24.01.2020
03:28 PM


Austria Production Index Falls In November

Austria's production index declined in November on weaker industrial output, data from Statistics Austria showed on Friday.

The production index decreased 2.1 percent year-on-year in November, following a 0.8 percent fall in October.

Industrial output fell 4.5 percent annually in November, while construction rose 5.1 percent.

On a month-on-month basis, production index dropped 1.7 percent in November, after a 0.8 percent rise in the prior month.

On a monthly basis, industrial and construction output declined 1.8 percent and 1.4 percent, respectively.


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

Vezi detalii
24.01.2020
03:25 PM


Euro Pulls Back Despite Strong German, Eurozone PMIs

The euro came off from its early highs against its most major rivals in European deals on Friday, despite strong flash PMI readings from Germany and Eurozone.

Survey data from IHS Markit showed that the euro area private sector grew at the same moderate pace as seen in the final month of 2019.

The composite output index held steady at 50.9 in January. A score above 50 indicates expansion in the sector. The score was expected to rise to 51.1.

Separate data showed that Germany's private sector gained momentum in January as services activity grew at the fastest pace in five months amid a slower decline in manufacturing.

The flash composite output index rose more-than-expected to 51.1 in January from 50.2 in December. This was the highest score in five months and above forecast of 50.5.

The euro has been under pressure after ECB President Christine Lagarde struck a slightly dovish tone than some had expected. Lagarde reiterated hat risks surrounding the euro area growth outlook remain tilted to the downside.

The euro fell to near a 2-month low of 1.1032 against the greenback, from a high of 1.1062 hit at 3:30 am ET. The next possible support for the euro is seen around the 1.08 level.

The euro pared gains to 120.84 against the yen, from a high of 121.26 set at 3:30 am ET. The euro is seen finding support around the 118.00 region.

Data from the Ministry of Internal Affairs showed that Japan's inflation accelerated in December but remained well below the 2 percent target.

Consumer price inflation increased to 0.8 percent in December from 0.5 percent a month ago. This was also above economists' forecast of 0.7 percent.

The euro dropped back to 1.0710 against the franc in subdued trading. On the downside, 1.06 is possibly seen as the next support level for the euro.

In contrast, the euro appreciated to 0.8432 against the pound, off its early more than a 5-week low of 0.8386. If the euro rises further, it may find resistance around the 0.86 region.

Survey results from IHS Markit and Chartered Institute of Procurement & Supply showed that the UK private sector returned to growth in January driven by a sharp rise in new work.

The composite output index rose to a 16-month high of 52.4 in January from 49.3 in December.

Looking ahead, Canada retail sales for December and Markit's U.S. manufacturing PMI for January are scheduled for release in the New York session.


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

Vezi detalii
24.01.2020
03:25 PM


Finland Producer Prices Fall In December; Jobless Rate Rises

Finland's producer prices dropped in December and the jobless rate rose from the previous month, figures from Statistics Finland showed on Friday.

The producer price index fell 0.8 percent year-on-year in December, the same pace of decline as seen in November.

On a monthly basis, producer prices decreased 0.7 percent in December, following a 0.2 percent drop in the preceding month.

Data also showed that the import prices rose 1.3 percent annually in December, while export prices declined 0.5 percent.

On a month-on-month basis, import prices increased 0.3 percent, while export prices fell 0.6 percent.

Another data showed that the jobless rate rose marginally to 6.0 percent in December from 5.9 percent in November. In the same month last year, the unemployment rate was 5.4 percent.

The number of unemployed persons increased to 164,000 in December from 146,000 in the same month last year.

At the same time, the employment rate advanced to 73.0 percent in December from 71.7 in the prior month.

The seasonally adjusted jobless rate held steady at 6.7 percent in December.


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

Vezi detalii
24.01.2020
03:01 PM


BoJ Should Watch Impact Of Slowdown In Global Economies, Sales Tax Hike: Minutes

The Bank of Japan should closely watch the effects of the slowdown in overseas economies and the sales tax hike on the Japanese economy, according to the minutes of the policy meeting held on December 18 and 19.

A few members expressed the view that signs of a pick-up having started to be seen in overseas economies and the new economic measures having been established by the government were positive factors that likely would support future economic expansion.

Exports were projected to continue showing some weakness for the time being, the minutes said.

"Considering the risk that overseas economies could recover only to a small extent or slow further, the outlook for exports could not be viewed optimistically, and therefore it was necessary to continue to pay close attention to developments in overseas economies," a few members said.

At the December meeting, the bank had left its massive monetary stimulus unchanged.

Data released earlier in the day showed that inflation accelerated in December but it remained well below the 2 percent target.

Overall consumer price inflation increased to 0.8 percent in December from 0.5 percent a month ago and core inflation rose to 0.7 percent from 0.5 percent.


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

Vezi detalii
24.01.2020
02:41 PM


Gold Edges Lower As Virus Worries Ease

Gold prices edged lower on Friday after the World Health Organization (WHO) stopped short of calling the virus outbreak in China a global emergency and data showed a modest upturn in business activity across Germany's private sector.

Spot gold edged down 0.1 percent to $1,561.53 per ounce, while U.S. gold futures were down 0.3 percent at $1,560.75.

The WHO on Thursday declined to designate the ongoing outbreak of a novel virus in China a global health emergency, saying that, for now, health officials have enough resources to combat the outbreak there and in other countries.

At least 25 people, who were infected by the coronavirus, have died so far as the disease continues to spread.

A firmer dollar also weighed on gold prices. The euro held near a seven-week low after the European Central Bank held rates steady, as widely expected, and signaled loose monetary policy would continue at least until the end of the year.

ECB President Christine Lagarde said that risks surrounding the euro area growth outlook remain tilted to the downside.


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

Vezi detalii
24.01.2020
02:25 PM


Oil Prices Extend Slide On Demand Concerns

Oil prices fell on Friday to extend losses from the previous session, though the downside remained limited after the World Health Organization (WHO) stopped short of calling the virus outbreak in China a global emergency and data showed a modest upturn in business activity across Germany's private sector.

Benchmark Brent crude slid 0.2 percent to $61.92 per barrel, after having tumbled 1.8 percent on Thursday. U.S. crude futures were down 0.15 percent, at $55.51, after having closed 1.9 percent lower the previous day on concerns that the spread of coronavirus could weigh on global growth and lower fuel demand.

The WHO on Thursday declined to designate the ongoing outbreak of a novel virus in China a global health emergency, saying that, for now, health officials have enough resources to combat the outbreak there and in other countries.

At least 25 people, who were infected by the coronavirus, have died so far as the disease continues to spread.

Data showing a drop in U.S. crude stockpiles also helped limit overall losses to some extent. Data released by the Energy Information Administration (EIA) showed that crude oil inventories in the U.S. fell by 405,000 barrels in the week ended January 17.


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

Vezi detalii
24.01.2020
01:42 PM


UK Private Sector Returns To Growth In January

The UK private sector returned to growth in January driven by a sharp rise in new work, survey results from IHS Markit and Chartered Institute of Procurement & Supply showed Friday.

The composite output index rose to a 16-month high of 52.4 in January from 49.3 in December.

The headline reading registered above the crucial 50 score for the first time since August 2019. The score was also above the forecast of 50.7.

The service sector expanded at the fastest pace in more than a year and the manufacturing sector moved closer to stagnation.

The services Purchasing Managers' Index advanced more-than-expected to 52.9 in January from 50.0 a month ago. The expected level was 51.1.

At the same time, manufacturing PMI improved to 49.8 from 47.5 in the previous month and above the forecast of 48.8.

The new work grew the most since September 2018. There were widespread reports that reduced political uncertainty following the general election had a positive impact on business and consumer spending decisions at the start of the year.


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

Vezi detalii
24.01.2020
01:35 PM


Pound Retreats After U.K. PMI Data

At 4.30 am ET Friday, the UK CIPS/Markit composite PMI survey results have been released. The pound retreated from its early highs against its major rivals after the data.

The pound was trading at 1.3138 against the greenback, 144.06 against the yen, 1.2747 against the franc and 0.8406 against the euro around 4:33 am ET.


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

Vezi detalii
24.01.2020
01:31 PM


*UK Jan Flash Markit/CIPS Factory PMI 49.8 Vs. 47.5 In Dec, Consensus 48.8

UK Jan Flash Markit/CIPS Factory PMI 49.8 Vs. 47.5 In Dec, Consensus 48.8


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

Vezi detalii
24.01.2020
01:31 PM


*UK Jan Flash Markit/CIPS Services PMI 52.9 Vs. 50.0 In Dec, Consensus 51.1

UK Jan Flash Markit/CIPS Services PMI 52.9 Vs. 50.0 In Dec, Consensus 51.1


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

Vezi detalii