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02.04.2014 18:21

American focus : the euro fell

The euro fell against the U.S. dollar amid confident data on the employment market USA. As shown by recent data that were presented Automatic Data Processing (ADP), in March, private sector employment increased markedly , and came close to the predictive values. According to a report last month, the number of employees increased by 191 thousand people, compared with a revised upward figure for the previous month at 178 million ( initially reported growth of 139 thousand ) . Add that, according to the average forecast of this indicator would grow by 192 thousand

Strengthening of the dollar also contributed data on the growth of industrial orders in the United States. Factor in the growth in orders was supposed to economic recovery after the winter with bad weather conditions , because of which there is a delay before. Increase in orders was the highest in seven months.

Commerce Department said Wednesday that new orders for producers rose in February by 1.6% , which was the highest growth since September. Economists had expected orders by 1.3%. Data on changes in the volume of orders in January were revised with the reduction - reduction of 1.0% compared to the previously reported decrease of 0.7%. The volume of orders except the volatile transportation category rose in February by 0.7 % , the biggest increase since July. In January, the volume of orders for this category decreased by 0.1 %.

Euro also declined on weak data for the euro area and the approaching meeting of the ECB . Recently, increased expectations that the ECB will leave monetary policy unchanged and Draghi will optimistic. However, the media have been rumors that on Thursday members of the Governing Council will be conducted " vigorous debate " since the March Inflation Report has been very disappointing. This means that members of the ECB is still deep in thought as to what steps to take and launch new stimulus is not excluded.

Eurozone producer prices fell by 0.2 per cent ( on a monthly basis ) , after easing to 0.3 percent in January . Experts predicted that this figure will remain unchanged in February. Excluding energy , producer prices remained unchanged , after rising 0.1 percent in January . Prices for capital goods and consumer non-durables also remained unchanged in February. The cost of intermediate goods decreased by 0.1 percent , offsetting an increase of 0.1 percent in January . Meanwhile, lower energy prices slowed to 0.5 percent from 1.2 percent. On an annualized basis , producer prices fell by 1.7 per cent compared with a fall of 1.4 percent in the previous month . Fall also exceeded economists' consensus forecasts at -1.6 percent.

Meanwhile, another report from Eurostat showed : in the fourth quarter, the eurozone economy grew by 0.5% after falling 0.3 % in the previous quarter . Rate in quarterly terms rose by 0.2 % vs. 0.1% . Add that these data will be final. Experts predicted that GDP will rise by 0.3 % qoq and 0.5% per annum.

Pound showed a steady increase against the dollar in anticipation of UK PMI data , but weak report forced the couple to change the direction of his dvizheniya.Indeks business in the construction sector from Markit / CIPS fell in March to a level of 62.5 points from 62.6 in February , but remained near the maximum for the last 6.5 years , which was recorded in January (64.6 points). We add that the index remains above the neutral mark for 11 consecutive months. Many experts , however, expect that figure will rise to the level of 63.1 points. Also, the report showed that the builders were elated last month ( optimism rose to its highest level since January 2007) and hired staff at the fastest pace in four months.

Put pressure on the pound and a report from the Nationwide Building Society, which showed that house prices rose in March by 9.5 percent ( yoy ) , after rising 9.4 percent in February. The latest increase was slightly less than the experts' forecasts at 9.7 percent, but was the highest since May 2010 , when prices rose by 9.8 percent . Given these changes , the average cost of housing in March totaled 180,264 pounds - the highest level since January 2008 . On a monthly basis , prices rose only 0.4 percent in March , which was slower than the 0.7 percent growth recorded in February and economists' forecasts at 0.8 percent. Nevertheless , it was the fifteenth consecutive monthly gain .

02.04.2014 17:21

European stocks close

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