mynameisandhy

European Economic News and Review (UK)

UK Income Falling For the second consecutive quarter

Wednesday, June 29, 2011

Household income used UK fell for the second consecutive quarter in the first three months of 2011, forcing consumers to spend all their savings to maintain her lifestyle, official data showed on Tuesday (28 / 6).

At the end of the record first-quarter economic performance, the Office for National Statistics (ONS) said gross domestic product (GDP) grew an unrevised 0.5% between January and March after declining 0.5% in the fourth quarter.

Economists polled by Dow Jones Newswires not expect the revision to first quarter figures.

However, ONS revised down the GDP growth on an annual basis to 1.6% from 1.8% due to revisions in the previous quarter of 2010.

ONS said the real income of households that used to fall by 0.8% in the first quarter after declining from 0.9% in quarter four years ago.

The decline in real income was the result of households being pinched between the inflation of 4.5% - more than twice the target of the Bank of England (BoE) at 2.0% - and stagnant wage growth. Household savings ratio fell to 4.6% in the first quarter from 5.1% in quarter four.

The decline came despite the increase in savings in wages - which grew by 0.9% in the first quarter compared with a 0.5% increase on the previous quarter - indicating that consumers must take their savings to maintain her lifestyle because of high inflation.

European Economic News and Review (German)

German GfK Consumer Index Expect Increase in Income

Wednesday, June 29, 2011

Forward-looking German market research group GfK consumer climate index will rise in July as income expectations improved significantly and the upward momentum of the German economy, the Reuters news agency, said Tuesday.

The index is set to come in 5.7 points for July, following an upwardly revised 5.6 points for June. Prelimary data show readings 5.5 points for June.

This was above economists 'forecasts' of 5.4 points in the Dow Jones Newswires survey.

While overall GfK consumer climate index refers to the next month, its subindexes - economic expectations, income expectations and propensity to buy - see the current month.

Third subindexes rose in June.

Economic expectations index rose to 50.3 in June from 46.1 in May. Income expectations index jumped to 44.6 from 25.9, while the propensity to buy rose to 35.1 from 31.5.

Overview and Economic News European Zone

Anticipation of Pre and Post Movement Extreme Voice Vote Greek parliament

Wednesday, June 29, 2011

The euro moved fluctuate and is still around in the area after appreciating strongly against the U.S. dollar. However, strengthening still appeared to be limited ahead of a crucial vote related to the Greek parliament austerity measures, which is indispensable to avoid the occurrence of the first default in the Euro zone.

Some analysts assess the potential euro rallied when voting Greek passable with good results, although it does not mean that the Euro has been freed from the pressure given that most investors are still concerned with the large debt burden Greece, while the bailout will only delay the occurrence of default.

Another stumbling block for the EU's own requirements that give rise to criticism of the package, including the country's central bank governor said the Greeks themselves are still too high taxes and spending levels have not been reduced. Indications happens if PM George Papandreou won the vote, supporters of the move in the future is still less convincing, especially in terms of potentially problematic implementation. Another negative factor for the euro is rallyg economic data indicated a less positive than the initial estimate of euro zone inflation is expected to be released Thursday will not change much at the level of 2.7% and potentially suppress the ECB not to raise interest rates again as promised earlier in early June ago.

Crude Oil Weakens Thin, The influence of the European Economic Data

Tuesday, June 28, 2011

In afternoon trading today (28 / 6) crude oil prices recorded a slight decline. The weakening of the movement of oil this time due to the still unstable trading conditions which have not obtained a positive sentiment. The fall in prices of goods imported German data increasingly signaled a negative for the decline in the economic performance of Europe.

With these data indicate that the decline in German consumer demand during the period of May has decreased so the price of imported goods in decline amid sluggish European financial sector today.

Crude oil futures fell 4 cents to sebsar 90.57 dollars per barrel. Meanwhile, Brent crude declined by 49 cents to 105.5 dollars per barrel.

According to the analysis of the Division of Research in Vibiz Vibiz Consulting, the movement of oil prices is expected to move still limited by the support level of 90.44 dollars per barrel and resistant level of 91.37 dollars per barrel.

Asian Economic News and Review (Hong Kong)

Hang Seng Closed Up Thin, End Movement labile

Tuesday, June 28, 2011

Hong Kong Stock Exchange in trading today (28 / 6) closed up thin. Throughout the trading day the stock was recorded as having an unstable movements in which investors are still showing an attitude of "wait and see" to the development of the fundamental conditions of the global economy, especially regarding the bail-out plan for the development of the Greek economy.

Hang Seng Index closed up 0.09% to 22061.78 basis points. While index futures experienced a flat at the level of 21 993 basis points with the support level of 21,928 points and resistant level of 22,202 points.

Stocks that have increased the stock of which is China Coal rose 0.98% to 10.34 HKD, China Unicom shares rose 2.12% to 15.4 HKD and Petrochina shares rose 1.44% to 11.3 EUR.

According to the analysis of the Division of Research in Vibiz Vibiz Consulting, the movement of the Hong Kong stock exchange for trading tomorrow is expected to maish difficult to remember tonight is expected to be released U.S. consumer confidence data for the month of May.

News and Overview of the European Economic Zone

Mixed European stock exchange, investors were cautious ahead of Voting

Tuesday, June 28, 2011

Separation bourses in Europe moves mixed on Tuesday as investors began to be cautious ahead of crucial vote in parliament Greece related austerity measures from the government, with Cable & Wireless Worldwide shares led declines in the telecommunications sector.

Eurostoxx 50 index gained about 0.4%, Germany's DAX index losing 0.2% after senpat rose in early trading, while the French CAC index gained more than 0.5%. In Britain, the FTSE index traded 0.3% higher in 2 hours after the opening bell.

Investor sentiment was lifted early in the session amid growing optimism about the results of voting will be done the Greek parliament to approve the plan pengehematan 5-year steps proposed by the administration of George Papandreu, and rumors about the progress of Sarkozy's efforts in convincing the French Banking and Insurance Corporation to accept the rollover of ownership Greek debt.

However, trade union demonstrations for 48 hours starting Tuesday will certainly hinder public services and less burdensome on the movement of the stock market.

News and European Economic Review (UK)

Pound Testing Support 1.5910

Tuesday, June 28, 2011

Pound recovery efforts from a low position yesterday at 1.5910 area seems to have stopped right at the psychological level of 1.6000, and then turned down as terbebaninya GBP / USD by the British weak GDP figures. Currently Pound offered in the range of 1.5950 after briefly testing the support at 1.5910 level.

Below the 1.5910/15 area (low-June 27), the currency pair may be able to find the next support at 1.5825 (low January 28) and 1.5750 (low January 25). In contrast, the nearest resistance level at 1.6000 area (psychological level), then at 1.6045/50 (high June 24) and 1.6080/90 (low 16/17 Jun).

While the rebound in USD / JPY daily from a low position in 128.75 has been limited by the level of 129.20, and then turned down after the release of UK economic data to hit a new daily low at 128.63.

News and Overview of the European Economic Zone (Greece)

Ahead of the vote, Greece hit by strike

Tuesday, June 28, 2011

Workers in all Greece held a strike in protest over government plans implement austerity program, which is a requirement to get a bailout from the European Union.

Everyone from doctors, ambulance drivers, casino workers and even actors to join in the action, which will last until tomorrow. Hundreds of flights were canceled or rescheduled because of the air control officer to leave their workplace. Public transport workers are also not left behind, making jams across the capital.

Unions angry with the restructuring program budget of 28 billion euros, which includes cutting salaries and allowances of civil servants, and even layoffs, and tax increases, which took place at a time when unemployment has reached 16%, the highest in Europe.

Packages and implementation must be approved by parliament tomorrow and the day after voting to the European Union continued to disburse financial aid. Without that help, Greece would be threatened to be the first eurozone country to default, which feared domino effect as the bankruptcy of Lehman Brothers.

The plan sparked protests and even in the socialist camp, the party of Prime Minister George Papandreou. He struggled to control the unrest in his party to have to reshuffle. Speaking in a debate in parliament, to discuss tightening plan, Papandreou called on members to support the plan.

After the EU states are willing to disburse financial aid to Greece, and the creditors are willing to voluntarily follow the restructure, now living Yunanilah that awaited her role. Markets await the voting results of the Greek parliament on economic reform plans, including budget cuts, tax increases and the sale of state assets. Voting for tightening program implemented tomorrow and vote on implementation in the next day.

Finance Minister Evangelos Venizelos said the government acknowledged the cuts are not fair. "This step will take us from deficit to surplus. It's hard, but must be done, "he said.

Economic reform program is like a fruit simalakama for Greece. If approved, it could trigger social unrest. But if rejected, could be turmoil in financial markets.

Crude oil increasingly Weakens Into Position $ 89.82

Monday, June 27, 2011

Price movements of crude oil to trade this afternoon (27 / 6) Monitored still declining. Throughout the morning trade, oil prices continue to slide down to the range of 89 dollars per barrel. Unfavorable trade is characterized by a weakening of the majority of the Asia markets provide a negative expectation for this day.

This further compounded by speculation about the suppression of the Italian financial sector which is feared by investors who estimate that the condition of financial pressures has been extended to beberpa countries in Europe.

Crude oil futures declined by 1.32% to 89.82 dollars per barrel. Meanwhile, Brent crude declined by 2.84% to 102.82 dollars per barrel.

According to the analysis of the Division of Research in Vibiz Vibiz Consulting, the movement of crude oil prices for today's trading is expected to be still weaker. In addition influenced by negative sentiment from the financial condition of Europe, the weakening of oil will also be affected by a weak Japanese retail sales data for the month of May.

News and Economic Review Asia (Japan)

Weakened by the pressure of Japanese stocks decline Exporter Stocks

Monday, June 27, 2011

Japanese stocks in trading today (27 / 6) was recorded as having impairment. Slump in stocks in the sector leading exporters due to the strengthening of the movement of the yen against the dollar makes the stock back depressed. The condition was compounded by the negative expectations of financial krisisi deployment in countries in Europe.

The Nikkei index declined by 1% to 9578.31 basis points. While index futures weakened by 19 points to 9590 basis points with the support level of 9563 points and resistant level of 9625 points. The broader Topix index fell by 0.9% to 825.64 basis points.

Stocks that declined diantaranua is Sony Corp. shares fell 2.11% to 2033 yen, Toyota Motor shares fell 2.28% to 3210 yen and Mitsubishi Corp. shares fell 1.16% to 1960 yen.

According to the analysis of the Division of Research in Vibiz Vibiz Consulting, the movement of Japanese stocks are expected to move lower still remains negative given the Japanese retail sales data for the month of May.

European Economic News and Review (Switzerland)

Swiss Franc Press Dollar, Early Response Data Personal Income m / m.

Monday, June 27, 2011

In trading pair USD / CHF European session this afternoon (27-06) Swiss franc strengthened against the dollar tracked the U.S. and in the range of 0.8358.

Swiss Franc currency forex investors increasingly in demand in line with the expected decline in economic performance in the United States where the dollar is a rival on the franc pair USD / CHF.

Latest information about the indicator Personal Income m / m which is scheduled to be released by the U.S. Bureau of Economic Analysis is still not expected to show improved performance.

Indicators Personal Income m / m still will grow by just 0.4% of the value of last period is also 0.4%.

Analyst Research Vibiz of Vibiz Consulting suggests that the Swiss franc on the currency pair USD / CHF is estimated to be strengthened further, especially until the data was announced.

European Economic News and Review (UK)

Early response Consumption Data, Sterling Rebounds Against U.S. Dollar.

Monday, June 27, 2011

Pound sterling currency on foreign exchange trading GBP / USD this afternoon (27-06) rallied and tracked the pair traded at around 1.5966.

Pound Sterling strengthened along with the increasing positive investor sentiment, linked to the decline in performance expectations in the consumption sector in which the United States dollar is the rival Sterling.

Indicator Personal Spending m / m U.S. expected to show a drop in performance and potentially decreased to 0.2% of the value of last period is 0.4%. It was early on a pro Sterling responded by investors in forex trading.

Analyst Research Vibiz of Vibiz Consulting suggests that the pound sterling currency in the currency pair GBP / USD is still expected to strengthen further, especially to data made ​​public.

European Economic News and Review (UK)

Sterling Mix, Potential Sideways.

Monday, June 27, 2011

In forex trading the Asian session today (27-06), Pound Sterling monitored moving mix of several other major currencies.

Sterling moved lower against the U.S. dollar and strengthened against the Japanese Yen and Aussie Dollar.

At the end of trading last week Sterling also came under pressure from the U.S. dollar and Japanese yen but rebounded against the Aussie.

Analyst Research Vibiz of Vibiz Consulting suggests the market briefing sessions ahead of Europe in today's trading, the sterling rebound gained approximately +0.16%, or about 25 pips against the Aussie on GBP / USD, and rebounding 17 pips or about + 0.13% against the Yen on GBP / JPY.

Meanwhile Sterling weakened further observed thin on GBP / USD, and tracked down - 22 pips or about - 0.14%.

It is estimated that at today's pound sterling has the potential to move within a limited range and the intraday reversal berpole.

Finally Fading Gold Value

Wednesday, June 22, 2011

SINGAPORE - Gold prices moved lower after the U.S. Federal Reserve meeting

can depress the value of the dollar. But the waning of fears that Greece's debt crisis

can affect the state kept investors refrain.

As quoted by Reuters on Wednesday (22/06/2011), in the spot market price of gold fell $ 1, 46 to USD1.544, 99 an ounce after earlier rising to exist at USD1.547, 90 on Tuesday (21 / 6 / 2011) which is the strongest since June 9. But that level is still below the highest level in history USD1.575 printed in in early May.

While silver prices stabilized at $ 36, 35 per ounce, still below the record high USD49, 51 per ounce in April.

The Greek government "attacked" by the vote of no confidence on the associated efforts to avoid a threatened default. Thousands of protesters also shouted insults outside the parliament.

But, in the vote, Prime Minister of Greece George Papandreou won a vote of confidence. This was seen as a first step to get out of Greece melilitnya crisis. This could pave the way for more help and also remove the source of global concern about bank exposure to the debt problems of the Euro Zone.

On the other hand, the Fed expected to cut its growth forecast for 2011, but Fed Chairman Ben Bernanke will probably continue to argue that the economic slowdown related to judged only temporary.

Asian Economic News and Review (Hong Kong)

Hang Seng Rebound Opportunities

Wednesday, June 22, 2011

Hang Seng will likely open slightly higher due to concerns about the waning of Greek Prime Minister George Papandreou after winning a vote on Wednesday (06/22) morning local time.

Hong Kong market rose as technically. Linus Yip, analyst at First Shanghai Securities believes the Hang Seng rebounded by 1.2% on Tuesday (6.21) is merely technical and too early to say rebound will continue. "Although the index rebounded yesterday, the Hang Seng has so far dropped 7.7% to the moon June.

Cnooc and PetroChina will likely follow the strengthening oil prices, but the Bank of China is likely to weaken after China's social security funds to reduce its shareholding. Hang Seng rebounded 1.2% today is the largest percentage increase in a single day since May 31.

News and Overview of the European Economic Zone

Ahead of FOMC, Euro Move Weakens

Wednesday, June 22, 2011

European currency is currently remove most of the earlier gains, as investors switched to focus on today's FOMC meeting.

After earning his new high at 1.4440 level just before the Prime Minister of Greece, Papandreou won a confidence vote to the decision-making assistance to the 6 time, the euro came under pressure when the country's selloff as investors believe the rumor and sell when the facts occurred, found a low level while at the level of 1.4355 before rebounding to test the 1.4400 level again. However, this time where Greece is still struggling with its debt crisis, the dollar still benefited ace back for 2 hours in the Tokyo session, when prices come back down to a session low at 1.4345 level.

News and Overview of the European Economic Zone

Euro Zone Industrial Output Up Unexpected

Wednesday, June 15, 2011

Euro-zone industrial production unexpectedly rose in April, pushed for an increase in output of consumer goods 'durable' high value such as electronics and furniture, official data showed.

Production in 17 countries using the euro rose 0.2% in April from March and up 5.2% in annual term, statistical agency Eurostat said.

This figure is the latest to highlight the differences in the euro-zone. Countries through a severe austerity program to combat the crippling levels of debt that they were among the worst. Portugal and Greece in particular at the bottom of the list for output growth.

April data for the currency bloc as a whole stronger than the consensus forecast of economists polled by Dow Jones Newswires last week. They give clues fell 0.2% in the month and year-over-year growth slowed at 5.0%.

Support a positive note, Eurostat figures were revised upward in March. Output flat in March, instead of the fall of the original report, and grow 5.8% this year - significantly stronger than the 5.3% figure released last month.

News and Overview of the European Economic Zone

Still Bullish Above 1.4360 for Euro

Wednesday, June 22, 2011

Immediately after the vote of the Greek parliament on Tuesday night, euro rally to a record height above 1.4430 and then weakened to a low below 1.4390.

Technically speaking, "Euro maintain a position near the level indicator shows the trend in height although the price of flats above the middle, a little tired but not yet showing a bearish signal," commented Valeria Bednarik, analyst-led FXstreet.com. "Per 4-hour chart shows the currency found support at the 200 EMA at 1.4360 level, maintaining a bullish signal for the position is above the current levels".

Currently, the euro has continued to fall and are at level 1.4380 area, about 30 pips below the opening price.

For the movement of falling, Valeria see a support level at 1.4330, 1.4285 and 1.4250. As for the movement of rising in the level of 1.4410, 1.4440 and 1.4490.

Greek debts Fears, Support Gold

Tuesday, June 21, 2011

Gold gains related to anxiety and uncertainty after the European officials only make a little progress to solve the problems of the Greek sovereign debt and delay further financial assistance.

Observed Gold contracts for June delivery traded at 1,543.00 per troy ounce, up 0.17%. After the results for 2-day meeting of European finance ministers in Luxembourg to suspend further aid to Greece, until at least released the results of parliamentary confidence vote in Greece.

Moreover, comments from the IMF increased the fear after mentioning that if the decision fails to take the strain can spread to other European regions and generate global financial turmoil.

Gold prices have climbed on concern the Greek, which potentially affected by default. Some market observers say even Greece could affect the default similar to the collapse of Lehman Brothers as of 2008, which triggered the global financial crisis.

News and Economic Review Asia (Korea)

Banking And Technology Stocks Strong, Kospi Up 1.4%

Tuesday, June 21, 2011

South Korea's index closed up 1.4% to 269.80 due to technology and financial stocks rebound. Analysts attributed the increase to "technical rebound" after the stock fell sharply.

Markets wait for further development of the Greek debt problems and the outcome of the Fed meeting on Wednesday. "In review of the valuation is too low, technology stocks have more room to weaken from current levels, at least for the short term. However, if the results come out lower than forecast, then the stock may continue to weaken," according to the KTB Securities analyst, Park Seok-hyun.

Samsung Electronics soared 1.8% to KRW814, 000, LG Electronics surged 4.7% to KRW82, 300 and Hynix rose 2.8% to KRW25, 900. Auto stocks were also higher due to positive earnings forecasts, with Hyundai Motor rose 1.1% to KRW230, 000, while Kia Motors gain 0.3% to KRW68, 400. KB Financial jumped 5.4% to KRW51, 000 and Woori Finance rose 4.8% to KRW13, 000 due to the purchase of foreign investors.

News and Overview of the European Economic Zone (Germany)

German Economy Expected in June Fall Under Estimates

Tuesday, June 21, 2011

German economic expectations for the month of June more than anticipated, the Center for European Economic Research or ZEW said on Tuesday (21 / 6).

Index was observed extends fall to -9.0 in June, after an unrevised +3.1 in May. Economists expected a fall to -4.1.

Current conditions index fell more moderate to +87.6, compared with +91.5 in May. Economists estimate +88.5 records.

News and Overview of the European Economic Zone

Euro Zone Deficit Worsens 5.1 Billion Euros

Tuesday, June 21, 2011

Eurozone current account deteriorated in April showed a deficit 5.1 billion euros (7.3 billion U.S. dollars), European Central Bank said Monday.

The ECB also revised figures for March in the 17 countries to a deficit of 3.0 billion euros from the initial estimate of 4.7 billion euros.

On balance of payments current account, which includes imports and exports in both goods and services plus capital transfers, are indicators of a country or region capability, to pay its way in the world followed closely.

It is important for long-term investor confidence and trading partners.

The data, which have historically been subject to large revisions, also showed that the euro zone deficit has widened sharply in the past year. Over the past 12 months, the total deficit of 52.3 billion euros, or 0.6 percent of gross domestic product. This is much larger than in previous years, when the accumulated deficit comes to 12.4 billion euros.

Recent euro zone current account surplus in January 2010.

News and Overview of the European Economic Zone (UK)

UK Manufacturing Production Growth Slows

Tuesday, June 21, 2011

UK manufacturing production increased slightly this year is expected, according to the Confederation of British Industry on Tuesday.

A total of 13 manufacturers said production will increase in three months, down compared with 20 manufakturur sector in May. Production output is the lowest figure since December last year, but still represents solid growth, according to the CBI. "The results are expected to increase production of the next few quarters, but the expectations of moderate growth compared to recent months," said Ian McCafferty, CBI chief adviser.

Percentage based on the comparison of companies expect rise in production in the next three months reduced by the expected decline. The survey also showed expectations of price increases, emphasizing the persistence of inflationary pressures in the manufacturing sector.

"The pressure is still very high prices," said McCafferty. "The high commodity prices and import costs signaled that the company will raise prices of goods production in the next three months.

Oil sales drop to 4-Month Low Level

Monday, June 20, 2011

Crude futures had dropped 2% to 4-month lows related concerns Greece's debt crisis coupled with the poor U.S. economic growth will reduce demand for fuel.

Observed crude oil futures contract for July delivery traded at 91.75, down -1.35%, compared to Friday's closing last week at 92.49 levels.

Investors seem worried Greece defaults could drag the global economy back into recession, as a result prices return to levels of mid-February. Same price level before the chaos of civil war triggered price volatility Libya.

The IMF report also adds to the negative sentiment, after issuing a warning that the debt crisis, weak growth in Europe in conjunction with the U.S. under-estimated could threaten the global recovery. The IMF has cut its global growth forecast to 4.3% while U.S. growth was revised down to 2.5%. Revised growth projections under the U.S. Department of Energy so that the potential to reduce oil demand below previous expectations.

News and Economic Review Asia (Japan)

Prime Minister of Japan is predicted to place the office on Monday

Monday, June 20, 2011

TOKYO. Prime Minister Naoto Kan is expected to announce resignation on Monday. Kyodo news agency reported, Kan resigned along with a vote of no confidence given the parliament over the nuclear crisis is prolonged.

Last month, Kan survived a confidence vote but opposition parties have expressed reluctant to cooperate again and continue to collect Kan promises that would resolve the crisis.

Kan resigned plan is expected to give a very clear path for the coalition between the DPJ and the Liberal Democratic Party of Japan developed a reconstruction plan.

Japanese media reported, that the Finance Minister Yoshihiko Noda will be a substitute for Kan. Another contender, the former Minister of Foreign Affairs of Japan, Seiji Maehara are always vocal raised the issue of security.