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Gold Rebound Along With Oil, Global Stocks

Thursday, May 24, 2012

Gold futures rebounded from losses the previous day while other commodities also rose and the dollar flat. GCM2 futures for June delivery rose +1.16% to almost $ 20 to $ 1,567.40.

The metal closed with a loss of more than $ 28 per ounce on Wednesday as investors sought the perceived safety of dollar anxiety about a possible exit from the Greek-euro zone.

EU informal summit Wednesday voiced support for the inclusion of Greece even though no action was announced to combat the crisis the euro zone. European shares and oil rebounded from a sharp fall the previous day.

Silver for July SIN2 +1.91% up 50 cents, or 1.8%, to $ 28.02 per ounce. July copper HGN2 +1.43% gain 4 cents, or 1.3% to $ 3.44 per pound, while July platinum rose PLN2 +0.82% $ 12.40, or 0.8%, to $ 1,425.90 per ounce. PAM2 +0.99% in June palladium rose $ 6.15 or 1% to $ 597.25 per ounce.

News and Economic Review Zone Asia (South Korea)

KOSPI closed up in the anxiety of Europe

Thursday, May 24, 2012

Seoul shares closed up today as some investors are in a position sidelines, waiting for a reaction from the Greek. While foreign investors seem excited after rising for 17 consecutive sessions.

KOSPI rose 0.32 percent to close at 1814.47. Throughout this month, the KOSPI fell 8.5 percent due to fears of political uncertainty and economic conditions in Greece. In addition, Spanish banks are also still leaves doubt.

Daelim Industrial was up 1.7 percent after they memangkan housing contract in Vietnam for 776 million dollars with their partner Sojitz Corp. of Germany.

Shares in Hanwha Corp announced a profit of 4 percent after they are up in the first quarter. Hanwha Engineering & Construction Corp. won a housing construction projects in Iraq worth $ 8 billion.

KOSPI 200 Index rose 0.31 percent. KOSDAQ fell 0.04 percent.

News and Review of European Economic Zone

Try to ignore the European market Disappointing Data Series

Thursday, May 24, 2012

Most of the stocks in the major European bourses trying to survive in the green zone despite a series of survey results just released show more decline in manufacturing activity and business major euro zone economies. Concerns about Greece will exit from the euro bloc also continues to erode the market sentiment.

Although the need to trim some gains, the German DAX and French CAC40 still able to sit in the positive territory with each collected 0.85% and 1.15%. Similarly, Britain's FTSE is still recorded an increase of around 1.25% until the middle of the session Thursday.

Some investors trimmed their exposure to risky assets after the release of the results of the survey showed German business sentiment fell for the first time in seven months in May, which indicates if the economy terluat in Europe was not immune to the impact of the debt crisis. While some of the other data also showed French and German manufacturing sector shrank by their fastest pace in 3 years.

"This may indicate that an environment of uncertainty began to affect Germany as well, which made ​​investors more cautious with the market likely will remain volatile," said Keith Bowman, analyst at Hargreaves Lansdown shares.

News and Review of European Economic Zone

Thin post-euro move data around europe

Thursday, May 24, 2012

Euro monitored recorded a decrease, although only marginally, against the pound. Gloomy euro zone PMI data again raised concerns about the influence of the debt crisis in the economy, but the pound is still some pressure in the UK after the recession gets worse, proven growth data released today.

The euro, which recorded a decrease in overall after data showed that manufacturing activity in the euro zone contracted at the fastest pace since June 2009 in May, while the activities of the service sector shrank at its sharpest rate in seven months.

In Germany, manufacturing activity also declined to its lowest level in nearly three years in May, triggering fresh concerns over the impact of the debt crisis in the euro zone's biggest economy the euro.

A separate report showed that the German Ifo business climate index deteriorated significantly exceeded forecasts in May, pressured by uncertainty in the euro zone.

Market participants are still avoiding the risk after a summit of EU leaders on Wednesday produced little progress in addressing the debt crisis in the region. The leaders reiterated that they still want to Greece in the euro area, but urged the country to honor its commitments to austerity measures and reforms required by the bailout program.

But the euro still has the support of the pound after data showed that the UK economy to contract by which even exceeded the original estimate in the first quarter of 2012, driven by the worst quarterly contraction in the construction sector since the first quarter of 2009. UK gross domestic product contracted at a 0.3 percent rate in seasonally menyesuaian first quarter, compared with initial estimates of 0.2 percent.

Euro tracked down session obtain any touch-pound level at 0.8001 level hit during the European morning trading, then trading experience level of consolidation in 0.8010, down 0.09 percent. The euro also struggled against the U.S. dollar and close to its lowest level in 22 months, slipped 0.10 percent touched the 1.2568 level.

News and Review of European Economic Zone

Affected by commodity prices, the European stock rebound

Thursday, May 24, 2012

European stock markets rebounded as strong commodity prices globally. In fact, yesterday, the benchmark European stock correction is steepest since 23 April.

Strengthening of the shares reflected in the blue continent of Europe Stoxx 600 Index is up 0.6% at 8:12 pm London time. Meanwhile, several major European exchanges, such as the DAX rallied 0.39%. Then, the FTSE 100 advanced 0.50%.

Tension in the market looks a bit slack after meeting European Union leaders yesterday. There are few positive signals, after the European Union called on Greece to continue to make budget cuts to stay afloat in the eurozone.

As a result, prices of commodities such as crude oil rebounded from the downturn in the seven-month lows. In addition, copper prices in London were up 0.9%. The rate of the commodity markets was also responded positively by most global stock markets.

"But now the market is still confused and obviously concerned about the presence of Greece in the euro, and its impact if they are so outgoing," said Nader Naeimi, an analyst at AMP Capital Investors Ltd.

Gold fell, making Greece will confuse the market

Wednesday, May 23, 2012

Gold extended their slide from the last session during the European morning trading, down to its lowest level in four days as investors collect U.S. dollars, a relatively safer assets amid growing alarm over the possibility of Greece out of the euro zone.

In trading on the Comex division of the New York Mercantile Exchange, gold futures trading contracts in June traded at $ 1,559.55 per ounce in early European trading, down 1.1 percent. Previously, gold was down 1.35 percent traded at $ 1,555.15 per ounce, its lowest level since May 17.

Market sentiment was confused confused by the statement of former Prime Minister of Greece Lucas Papademos said that Greece seems to have no choice but to survive on even less painful austerity program or to get out of the euro zone. However, Papademos also stated that the preparatory discharge of Greece is also being considered.

Meanwhile, investors monitor the meeting of European leaders today, amid concerns over the difference between the new French President Francois Hollande, who favored measures that are designed to support the growth with a German pro-savings.

Hollande president is expected to propose the introduction of the euro bond together at the top, but Germany has repeatedly rejected the idea, saying they would reduce the pressure on indebted countries to get their finances in order.

On the other trading on the Comex, silver sales contracts rose 1.3 percent in July traded at $ 27.81 per ounce, while July copper contract fell 1.15 percent trades traded at $ 3.447 per pound.

News and Economic Review Zone Asia (Japan)

BOJ's decision reinforced the yen

Wednesday, May 23, 2012

The yen strengthened against the dollar today after Bank of Japan because it does not spend stimulus funds. At the same time, the euro slipped ahead of the EU meeting in Brussels today.

The Bank of Japan left its interest rates are not corrected, as previously thought. BOJ decided to maintain its asset sales program between the political pressure to mematasi deflation.

After the announcement of the BoJ, the yen immediately shot. The U.S. dollar fell against the yen to 79.62 yen from 79.82 yen. While the euro was at 1.2673 per dollar, down from its close yesterday at the American UTRA in the range of 1.2688 per U.S. dollar.

The euro continued to be under pressure ahead of EU Summit today. EU leaders are expected to issue a new step in the response to the crisis.

The dollar index, which is the dollar value of the comparison between the six other currencies, down from 81.674 to 81.674.

News and Review of European Economic Zone

Although the poor UK data, the euro was weaker against the pound

Wednesday, May 23, 2012

The euro was weaker against the pound, because timbulanya concern that the EU summit failed to produce expected new measures to tackle the crisis in the euro zone as well as weak economic data from the UK.

Sentiment against the euro hit by renewed concerns Greece out of the euro after comments by former Prime Minister of Greece, Lucas Papademos said that the preparation of the release of the Greek scenario being considered. Nonetheless, Papademos then to clarify his statement, saying Greece is not prepare anything to get out of the euro area.

Meanwhile, concerns over the outbreak of the new French President, Francois Hollande, who prefer a move aimed at supporting the growth with a German pro-savings, continue to improve market sentiment, ahead of EU summit in Brussels today.

But the euro is still a sigh of relief, after the data from the UK showed the pace of retail sales in its largest drop since January 2010 in April, which fell 2.3 percent 0.8 percent decline undermined expectations, which still gives its support to the pound.

Meanwhile, the Bank of England meeting in May showed that policy makers consider the monetary stimulus, amid concerns over risks to the UK economic recovery from the crisis caused by the euro zone.

Euro monitored touch its lowest level against the pound since last weekend at the 0.8032 level during the European morning trading, which are then consolidated at the 0.8036 level, or slipped 0.14 percent. The euro weakened against the U.S. dollar and the yen, down 0.33 percent against the dollar traded at 1.2641 and fell 0.71 percent against the yen hit 79.38.

News and Review of European Economic Zone

Tear down the Greek European bourses in early session

Wednesday, May 23, 2012

Ahead of EU summit convening and statements Papademos, European stock markets fell in early trading Wednesday (23/05/2012). Investors will not take risks by making a sell.

Europe Stoxx 600 index fell nearly 1% to 242.31 after rising 1.9% in trading yesterday. Depressed market with a statement of former Prime Minister of Greece Lucas Papademos that the country was a contingency plan to get out of the euro. Although posing a risk big enough.

Although hastily clarified the statement that he did not understand these preparations. The market also did not want to risk ahead of an EU summit in Brussels today. European stocks decline led by banking stocks and mining stocks. HSBC shares fell 1.5% and Total shares fell 1.2%.

CAC con 1% to 3051.87 led by BNP Paribas shares of 1.8% and shares of Societe Generale fell 2.3%. But the weakening of Carrefour shares held up nearly 5%.

FTSE index fell 1.3% to 5332.29 led by HSBC sham 1.3%, BP shares fell 1.4% stake in Royal Dutch Sell down 0.1%. For the DAX index fell 1.3% to 6.34924 shares of Deutsche Bank-led decline of 0.2%. SAP shares fell 2.2%.

Asian stock markets also milking such as Hang Seng index turun1, 3%, the Nikkei fell 1.9%, Straits Times index fell 1.3%, the Shanghai index down 0.4%, Kospi index fell 1.1%, ASX index fell 1 , 3%.

News and Review of European Economic Zone

Look forward to the European market Worried EU summit results

Wednesday, May 23, 2012

Most of the stocks in the major European bourses traded lower on Wednesday, a rally to stop the previous two consecutive sessions, as investors increase their vigilance against any development of the EU summit that is expected to discuss measures to shore up the economy of Europe.

German DAX and French CAC40 slipped into the red zone with each lost 1.8% and 2.05%. Similarly, the British FTSE index fell by 1.9 to 2% in the first hour of trading.

One of the things that is also expected to be discussed at a meeting of European leaders is the discourse of the bonds with the euro zone, which has received strong support from French President Francois Hollande, but still opposed by German Chancellor Angela Merkel.

With all the news from the European region continues to influence market movements, Greek banks are also likely to come back into the spotlight as the urgency of need funding to stabilize the banking sector. While Spanish is rumored that if the government will soon announce a restructuring plan Bankia the newly nationalized.

Investors do not expect much from the EU Summit, gold slips again

Tuesday, May 22, 2012

The price of gold fell today after briefly topped 1600 dollars per ounce. investors are still looking forward to the ongoing European Union leaders meeting tomorrow, where EU leaders will try to reach agreement in the response to the crisis strategy.

Gold tried to break through the resistance level in the last two days in 1600 dollars per ounce level, but failed. Gold prices fell again as investors who do not put much hope in meeting the EU and Greece are still hesitated.

At the EU Summit tomorrow, the new French president, Francois Hollande is expected to approve a similar strategy in handling a crisis, even though Germany is clearly rejected.

Spot gold fell 0.2 percent to 1589.93 dollars per ounce. U.S. gold flat in the range of 1589.80 dollars per ounce.

Purchase of physical emaas also looked lethargic after gold had dropped to 1530 dollars per ounce last week. gold bars in Hong Kong is stable since last week in the range of 1.20 to 1.70 dollars per ounce. while in Singapore the price of gold would fall to 1 to 1.20 dollars.

News and Economic Review Zone Asia (Japan)

'Bargain-hunting' Brighten Nikkei, Sluggish prospects

Tuesday, May 22, 2012

End the trading day Tuesday (22/5), Japan's Nikkei index (futures) closed by 1:28% surge because many investors are hunting for cheap stocks to buy (bargain hunting) after a sharp sell-off action last week.

The Nikkei (SSIamM2) ended the first session with a rebound as much as +110 points to level 8735. Tokyo tech stocks following the strengthening of the technology sector in AA, with Advantest Corp rose 3%, rising 1.4% Sharp Corp. and Panasonic Corp. also gained 1.3%. Renesas Electronic Corp shares. jumped 7.4% as the company's plan to raise capital through a share placement of capital.

As for the Tokyo auto companies such as Mazda Motor Corp. rose 3.8%, while Nissan Motor Co. increased 2.8%. While the Japanese utility stocks traded varied, after a plan to raise the cost of burning electricity usage to prevent power shortages this summer, following the closure of the nuclear power plants. Tokyo Electric Power Co. up 6.8%, while the Kansai Electric Power slid 0.7%, Japan Petroleum Exploration Co. jumped 3.3%, Inpex climbed 2.8%.

The technical indicators such as Stochastic, MACD and Moving Average (PG-13, MA-26) was confirmed downtrend. So great is the pressure drop, allowing the Nikkei continued its decline into 8400 strong support for the long term. As for the level of the Nikkei newspaper will be faced with the first support at 8700 and 8670 and 8640.

While the prisoners broke through resistance after 8725 which is a crucial point of the Nikkei index will likely be taken to the next level 8740 and then 8770 until 8800.

News and Review of European Economic Zone

European stocks propped Potential Joint Euro Bond Issuance

Tuesday, May 22, 2012

A number of European stock indexes rose this afternoon responded terkerek German plan to take strategic steps to improve the economy of Europe including Greece guarantee will remain in the euro zone at the EU summit in Brussels tomorrow.

Optimism that this form successfully placate the European bond market turmoil which began to fall from their record levels. Yield bond so far observed 10-year Italian tenor down 0:17 to 5.76% percentage points while the Spanish bond yield has declined 0:12 to 6:13% percentage points.

Another positive catalyst is a package of financial aid by the EU and the IMF will go to the Greek banking system today as much as 18 billion euros as early stage funds to recapitalize the financial sector from a total of 25 billion Euros.

In addition, there are other positive reports that the French, Italian and Spanish leaders proposing proposal seeks Euro zone bonds / bonds are secured together by a wider euro zone to restore investor confidence.

News and Review of European Economic Zone (UK)

Sterling Fall In Response Declaration IMF Managing Director

Tuesday, May 22, 2012

In the forex movements during the European session today (22/05, 09:27 GMT), British Pound in general shows the movement weakened against the U.S. dollar after opening at 1.5824 in early trading (00:00 GMT). Pound has fallen by around -46 pips or about -0.29% and at the time the news was revealed to be monitored on a revolving value of 1.5778.

At some time the Bank of England (BOE) decided to not add monetary stimulus policies by the fear of inflation. But with the statement from the Managing Director of IMF, it is estimated BOE will reconsider the decision.

While the Organization for Economic Cooperation and Development (OECD) also states that the debt crisis in Europe is seriously damaging the global economy. Normal range trading EUR / USD at today's expected to have a range of support level at 1.5788 and resistance at around 1.5852 level.

News and Review of European Economic Zone (UK)

UK consumer inflation rate down

Tuesday, May 22, 2012

UK consumer price inflation fell beyond expectations in April, after posting a rise for the first time in six months in March, official data showed.

In its report, the UK Office for National Statistics said consumer price inflation rate fell to 3.0 percent in April from 3.5 percent in March. Analysts expect inflation in Britain fell to 3.1 percent.

On a monthly basis, consumer prices inflation rose 0.6 percent, the result is precise with analysts' expectations, after rising 0.3 percent in March.

The inflation rate remains above the Bank of England target of 2.0 percent. Bank of England governor must write to the finance minister every three months that inflation is more than one percent above or below target.

Core CPI, which excludes food, energy, alcohol and tobacco dropped to 2.1 percent exceeded the estimated seasonally adjusted in April from 2.5 percent in March.

According to the ONS, the biggest decline in inflationary pressures is the price of plane tickets, alcohol, clothing and marine transportation. Retail price index fell 3.5 percent last month, in line with expectations, after rising 3.6 percent in March.

Gold again surged, the dollar depressed

Monday, May 21, 2012

Gold prices surged today (21/05) in Asia are starting to look excited. But gold prices are still limited by a report stating that the Fed will not do the relaxation of policy.

On the Comex division of the New York Mercantile Exchange, gold futures for June delivery rose 0.16 percent to 1594.45 dollars per ounce. throughout the session, the lowest was in the range of 1590.25 dollars per ounce and the highest in the range of 1597.35 dollars per ounce.

Last week, the Fed released the minutes of the meeting last policy meeting where the Fed decided to only provide stimulus funding if the U.S. economic growth shows signs of weakening.

The relaxation of the policy discourse makes the price of gold rose and the dollar weakened. Comments from the Fed is making gold surged again after a weak the last few weeks in Asia.

Still on the Comex division, silver futures for July delivery fell 0.45 percent to 28.587 dollars per ounce. Copper futures for July delivery rose 1.21 percent to 3.485 dollars per pound.

News and Economic Review Zone Asia (Japan)

BOJ immediately intervene, yen, sluggish

Monday, May 21, 2012

The yen weakened compared to other currencies on speculation the Bank of Japan will add stimulus funding this week to supporting economic growth and weaken the Japanese yen.

The yen fell from last week's gains against the dollar before a report showed Japan's trade deficit for two consecutive months. The demand for euro is limited by the data that are expected to show consumer confidence in Europe down to the lowest level in four months. European crisis looked even worse. While the dollar index fell during the last two days as the strengthening of Asian stocks.

The yen weakened 0.2 percent to 79.15 per dollar, after rising 1.2 percent in the five days ended May 18 last. yen fell 0.3 percent to 101.31 per euro. The euro was at 1.2801 per U.S. dollar.

BOJ will conduct a two-day meeting which starts tomorrow. BOJ will extend the purchase of assets that have been conducted in February and April. last week, two operation purchase of bonds failed to attract the attention of investors.

Throughout the year, the yen fell 2.1 percent, as well as a worst-performing currency after the krona and the Australian dollar. The dollar rose 1.1 percent and the euro fell 0.3 percent in the same period.

News and Review of European Economic Zone

Euro Rebound Thin; G8 Sinyalkan Policy Orientation Differences

Monday, May 21, 2012

Euro Index in trading today (21/05, 04:05 GMT) generally show an upward movement observed on several other major currencies. After opening at around 101.14 in early trading (00:00 GMT), the currency has risen + 12 pips or about + 0.12% and at the time of this story down the rolling observed in the range of 101.26.

Meeting of the G8 leaders at Camp David yesterday generating support for Greece to remain in the Eurozone and support the acceleration of economic growth to overcome the debt crisis of the European region d.

Meanwhile, the economic fundamental indicators Current Account released in the coming days is expected by some economists will show improved performance, and could be expected to show a rise to a surplus of EUR 3.4 billion in the previous period is -1.3 billion Euro. Normal range on day Euro index is expected to have a support level at around 100.67 and resistance level at around 101.39.

News and Review of European Economic Zone

GERMANY-FRANCE re-discuss the euro zone

Monday, May 21, 2012

German and French leaders will meet this week to revise the euro economic recovery plan after the Group of Eight (G-8) would disagree with the rescue strategy.

German Finance Minister Wolfgang Schaeuble will discuss the future of the currency that 17 European countries for the first time with his new colleagues from France, Pierre Moscovici, in Berlin today.

Meanwhile, European leaders are preparing for a meeting in Brussels on May 23, 2012. After three short meeting last week, German Chancellor Angela Merkel and French President Francois Hollande will mix and match the French desire to be a surge of economic growth in Germany with the option to trim the budget.

"We all love France would like to offer a new initiative of its new president. The German government is ready to say anything, "said Schaeuble told Bild am Sonntag newspaper yesterday.

News and Review of European Economic Zone (Switzerland)

Pressure Bearish Swiss Franc Strong

Monday, May 21, 2012

USD / CHF is currently under strong bearish pressure, test support at 0.9374. Bearish pressure is expected to be even greater if the support is transparent so that the Swiss franc strengthened against the USD is likely to continue until the range 0.9344 - 0.9311.

At the same time, the stochastic and the CCI 1 hour show possible indications that the market is in oversold condition. Thus, we will consider whether there will be a bullish signal that appears before the translucent support. If there is, then the pullback is expected to occur up to resistance at 0.9422 area. Bullish bias would return if the resistance is broken, and the opportunity for a bullish move up the range 0.9470 - 0.9499.

Gold Rebound Slowly, Europe Start Consolidation

Friday, May 18, 2012

The price of gold to trade this afternoon (18/5) observed an increase. Thin gold rebounded after several European countries tried to keep Greece out of its intention to issue the EU membership. Germany and France agreed to issue a new policy in terms of economic recovery in the region.

Spot gold rose by 0.9% to 1587.85 basis points, with the support level at 1566.06 dollars per troy ounce and resistant level at 1596.37 dollars per troy ounce.

Rising gold prices helped push other metals such as silver commodities which rose 1.2% to 28.38 dollars per troy ounce, palladium rose 0.5% to 606.5 dollars per troy ounce and platinum rose 0.7% to 1462.75 dollars per troy ounce.

News and Economic Review Zone Asia (Hong Kong)

Hang Seng Session I Weakens Over 2%

Friday, May 18, 2012

In the first session of trading today (18/05/12) Hong Kong recorded a weakening again. Apparently positive trend can not be happening in the movement of the stock is still filled with the negative sentiment of Europe and drop in U.S. manufacturing index data released overnight.

Hang Seng Index fell for the first session of 2.02% to 18436.85 basis points. While index futures declined by 435 basis points to 18 440 points with the support level of 18 836 points and resistant level at 18 501 points.

Stocks are declining dintaranya CCB shares weakened 3.07% to 5.37 HKD, China Coal shares fell 2.26% to HKD 9.95 and Chalco shares fell 5.87% to 3.69 HKD.

News and Review of European Economic Zone

Rating Downgrade Spanish Banks Drag European Exchanges

Friday, May 18, 2012

Eight of the most powerful country in the world gather at Camp David today, the G8 summit discussed the agenda of the European crisis and how to get out of financial turmoil and economic area.

Estimated results of the meeting which was attended by Italian Prime, Mario Monti and the new French President Francois Hollande, it can provide assurance to market participants that the G8 countries will fully support the Eurozone and did everything possible to boost growth.

However, concrete measures of the outcome of this meeting is still doubtful that the European stock markets still slumped so far, post-credit rating downgrade some Spanish banks by Moody's rating agency. On the other hand there are still fears that Greece's problems could infect neighboring countries in the European region.

Observed so far, London's FTSE index fell -1.59% to as low as 5,244.50, while Germany's DAX stock declined -0.87% to 6,263.0 and the French CAC dropped -1.03% traded at 2,978.0 so far. Weakening temporarily suspended, as the circulation of rumors ban short selling in the stock following the fall of the Spanish stock index IBEX Spain.

News and Review of European Economic Zone

Action Selling Encourage European Stocks Weakens

Friday, May 18, 2012

European stocks opened down on Friday the stock trading (05/18/2012). That triggered a sell-off of investors after Moody's Investors Service downgraded the Spanish bank.

Stoxx 600 Index fell 1.1% to a level of 239 at 8:04 AM London time. Index futures on the S & P 500 fell 0.1% in July. IndeksMSCI Asia Pacific fell 2.8%. "Fear spread so mencengkeran market where the storm began in Europe," said Nam Truong, Trader of Capital Spreads as quoted by Bloomberg, Friday (05/18/2012).

In addition, shares of Banco Santander SA and Banco Bilbao Vizcaya Argentaria fell after Moody's downgraded the bank's three levels. In addition, shares of BHP Billiton Ltd and Rio Tinto Group each fell 2.4% and 2.5%. That's because the sign of a slowdown in China.

News and review European Economic Zone (Germany)

German PPI moderate

Friday, May 18, 2012

Price pressures eased in Germany, according to data released today. Data derived from the euro zone's biggest economy shows that the European Central Bank still has the flexibility to pump liquidity to the market to relieve the increasing pressure of debt crisis in the eurozone.

ECB tries to memperthankan consumer price inflation in the 17-nation eurozone to below 2% for the medium term.

The producer price index which measures price pressures dilevel producer and regarded as an important benchmark for inflation at the level of pre-consumer, rose 0.2% on the month and 2.4% on the year, as reported by the Statistics Office Destatis. This was followed by an increase, without revision of, 6% on the month in March and 3.3% per year in March. The annual increase was recorded up at least since June 2010, Destatis reported.

Even excluding energy, prices rose only 0.2% on the month and 1.5% on the year. Energy prices have risen sharply compared to other major categories for the period per year, up 4.5% on the year. On the month rose 0.1% was recorded.

Among other categories, basic goods rose 0.3% on the month and 0.6% on the year. Capital goods gained 0.1% on the month and 1.2% on the year.