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20.02.2014 19:20

American focus : the euro fell

Euro fell against the U.S. dollar , which was associated with the release of data on PMI. The decline began after a report showed that private sector activity in France has declined at a faster pace in February , which stood at the head of a marked deterioration in service sector activity . On a seasonally adjusted composite index of activity that assesses the effectiveness of the manufacturing and service sectors , fell to two-month low in February , and was 47.6 points, compared to 48.9 points in January . Recall that the value of this index below 50 indicate a contraction in activity in the sector. Meanwhile, it became known that the purchasing managers' index for the manufacturing sector fell to 48.5 in February from 49.3 in the year. Economists expected the index to rise to 49.6 . At the same time , the activity indicator for the service sector fell to 46.9 , compared with 48.9 in January. Expectations were at 49.5 .

Pressure also provided data for the euro area , which showed that the private sector economy continued its expansion in February , increased this streak to eight consecutive months, but showed weaker results than predicted by many economists . According to the report , the composite index , which measures the efficiency in the manufacturing sector and services totaled 52.7 points in February , which was slightly lower than January's 31 -month high at 52.9 points . Economists had expected the figure was 53.1 points . Studies also that the Purchasing Managers Index for the manufacturing sector fell to 53 points in February to 54 points in January . Expectations were at the level of 54.2 points . Meanwhile, the activity indicator in the service sector rose to 51.7 from 51.6 at the beginning of the year. Economists expected the index to rise to 51.9 .

Later euro retreated from the lows after the block statistics from the U.S. . Recent data from the U.S. Labor Department showed that the number of applications for unemployment benefits fell slightly last week , which is another sign of improvement in the labor market. According to the report , the seasonally adjusted number of initial claims for unemployment benefits fell for the week ending February 15 , 3 thousand , reaching at this level of 336 thousand last value was slightly higher than predicted by experts - at the level of 335 thousand , but still was lower than average at around 344 thousand for the whole of last year .

Consumer prices rose in January , although much slower than in the previous month . It became known from the data , which were released by the Department of Labor . According to the report, the consumer price index rose a seasonally adjusted 0.1% in January compared with the previous month . Main index , which excludes prices for food and energy , also increased by 0.1%. We add that the recent changes were fully in line with the average forecast of experts. Compared with a year earlier , consumer prices rose in January by 1.6 %, showing the strongest growth since July , but still remained below 2 percent annual target Fed . Basic prices also rose by 1.6 % compared with a year earlier. Annual increase also confirmed the expectations of economists.

Activity manufacturers in the Mid- Coast of the U.S. has slowed this month due to severe weather. This is stated in the Philadelphia Fed report . The overall index of business activity in the manufacturing sector in the region in February fell to -6.3 compared to 9.4 in January. Economists expected a decline to 9.2 index only . Values ​​below zero indicate a decline in activity above zero - expanding activity .

Activity in the U.S. manufacturing sector rebounded strongly in February . This is evidenced by the data published by Markit. According to the report , a preliminary purchasing managers' index (PMI) for the manufacturing U.S. in February rose to 56.7 in January against the final value of 53.7 . A reading above 50 indicates an increase in activity. The preliminary figure , which is based on approximately 85% of the monthly survey replies , " pointed to the fastest overall improvement in conditions in the U.S. manufacturing sector in May 2010 ," According to the Markit. Subindexes generally significantly improved this month compared with January's final values.

The Australian dollar fell after the publication of disappointing statistics on Chinese production. As it became known , the Chinese manufacturing index fell again in February , continuing progress on reducing the territory , reaching a seven-month low , and that was due to a fall in new orders , suggesting that the economic recovery is losing momentum .

On a seasonally adjusted preliminary purchasing managers index from Markit / HSBC, which measures activity in the manufacturing sector fell to 48.3 points in February , compared to 49.5 points in January . Economists had expected the index to fall to the level of 49.4 points . The index currently remains below 50 points for the second month in a row and is at its lowest level in seven months .

20.02.2014 18:20

European stocks close

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