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17.09.2013 18:20

American focus: the euro rose

The euro rose against the dollar, which , first of all , due to the anticipation of the announcement of the outcome of meetings of the Open Market Committee of the Federal Reserve , which begins today and will end tomorrow . According to the median forecast of economists , the majority of the voting committee may decide to reduce the amount of monthly purchases of bonds to $ 75 billion to $ 85 billion

Today published data on U.S. inflation. At the end of last month , consumer prices rose less than expected , continuing with a series of "soft" reports on inflation, which will affect the decision of the Federal Reserve officials on future policy. According to the report , the August consumer price index rose by 0.1 %, compared with an increase of 0.2 % in the previous month. Core CPI , which excludes food prices and energy costs , also rose by 0.1 % added that the CPI was slightly below forecasts of experts - at the level of 0.2 % , while the growth of the underlying index confirmed their expectations. In addition, it was reported that on an annual basis , consumer prices rose in August by 1.5 %, which was followed after increasing by 2.0 % a month earlier. Meanwhile, the core consumer price index rose by 1.8 %, compared with growth of 1.7 % in July. According to experts , the value of these indicators would grow by 1.6 % and 1.8% , respectively.

The euro had data on the index of sentiment in the business environment. As shown by recent research , which was published today institute ZEW, the German index of sentiment in the business environment has grown significantly in the month of September , registering with the second monthly increase and exceeded the estimates of many experts. According to a report this month, the indicator of economic sentiment for Germany's business climate rose to 49.6 , up from 42 in August. We add that according to the average estimate of economists this indicator had improved only to the level of 45.3 . Note also that the last result index was the highest since April 2010 , when he was 53 , and well above its historical average of 23.8 points. Meanwhile, studies have shown that the current conditions index also rose , registering the third consecutive monthly gain . The value of this index in September rose to the level of 30.6 , up from 18.3 last month. It was the best figure since June last year.

At the same time, did not prevent the growth of the European currency submitted data for the euro area , which were worse than expected .

The European Central Bank said that by the end of July profit Eurozone current account decreased again , registering with the fourth monthly decline in a row, which was due mainly to a sharp drop in income . According to the report , the seasonally adjusted balance of payments surplus fell in July to the level of 16.9 billion euros, compared with the upwardly revised figure for the previous month at 19.8 billion euros. Add that to the experts according to the average surplus would rise to the level of 18.3 billion euros from 16.9 billion , which was originally reported last month .

In addition, the Statistical Office Eurostat reported that the trade surplus of the euro zone unexpectedly , and at the same time is drastically reduced in the month of July , which was associated with a marked drop in exports (for the third time in four months ) , and almost the same volume of imports . According to the report , the seasonally adjusted trade surplus fell in July to a level of 11.1 billion euros, compared with a revised downward from the previous month at 13.5 billion euros. Add that to the experts according to the average surplus in trade in goods had increased to 15.3 billion from 14.9 billion , which was originally reported. In addition , the data showed that exports in July totaled 155.9 billion billion, down 1.6% from June , while imports reached 144.8 billion euros, which is 0.1 % less than in the previous month.

The pound rose slightly against the dollar, although it has lost some of the previously captured positions . Note that this trend was accompanied by a release of weak data on Britain. It is learned from the Office for National Statistics , at the end of last month, the growth of annual inflation slowed again , registering the second monthly decline in a row, which was primarily due to a slower increase in transportation costs.

According to the report , in the month of August consumer price index rose by 2.7 % per annum , compared with an increase of 2.8 % in July. Add that final reading fully confirmed the experts' forecasts . In addition, it was reported that on a monthly basis the consumer price index rose 0.4 % , after the previous month, it remained unchanged. Many experts expect that the value of this index will rise by 0.5 %.

Meanwhile, core inflation, which excludes the cost of energy , food, alcoholic beverages and tobacco products remained unchanged in August - at the level of 2 % , confounding economists' expectations for a moderate increase to 2.1 %.

Meanwhile, another report from the Office for National Statistics showed that producer prices inflation slowed markedly in August , indicating a weakening of inflationary pressures.

The data showed that the index of producer prices rose in August by 1.6 % per annum , compared with an increase of 2.1% a month earlier. Experts estimate the growth of this index was up 1.8%. In monthly terms, wholesale prices rose by 0.1 %, which followed a 0.2 percent increase in July. It was assumed that the growth will be 0.2 %. As for the input price inflation , it declined in August to 2.8 % per year from 5.1 % last month , and lower than forecast at 3% . On a monthly basis , raw materials prices fell 0.2 % , registering the first decline in three months .

17.09.2013 17:20

European stocks close

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