mynameisandhy

Oil Prices Stable After Moving Down 3%

Friday, May 8th, 2015

Oil prices steady move in early Asian trading on Friday after falling by 3% in the previous session as a strengthening dollar.

US crude for June delivery rose 2 cents to $ 58.96 per barrel this morning, after the end fell by $ 1.99, or 3.3%.

Larger US supply could weigh on global markets, with Senator Lisa Murkowski on Thursday said that he will launch the legislation next week to reverse the ban on US oil exports.

Rally in oil prices has been technically redundant, with US crude oil prices are likely to drop below $ 55 per barrel, could even reach the level of $ 49, because the dollar rebound can help apply pressure to the market, said one analyst on Thursday.

The dollar, which was in a downward trend since the beginning of May, rose on Thursday on optimism that the US employment report in April on tonight will show gains after jobless claims report that the results are optimistic

News and Review of European Economic Zone (Greece)

Although Runs Slow, PM Greece Remain Optimistic

Friday, May 8th, 2015

Greek Prime Minister Alexis Tsipras expressed optimism on Friday that Athens will soon reach an agreement with creditors that will unlock further aid in bailout EU / IMF hers. Tsipras said that he was confident Greece would soon reach a good end result, and despite the difficulties, but an agreement will soon be reached in Europe. He said that the Greek government to do whatever must be done in order to reach a mutually beneficial agreement with the creditors.

Negotiations between Greece and the creditors have been slow since the new left-wing government came to power in January. Lenders have closed the opportunity for an agreement on the next Eurogruop meeting next Monday in Brussels.

News and Review of European Economic Zone (UK)

UK Trade Deficit Over Width Of Estimates

Friday, May 8th, 2015

British perdaagangan deficit higher than expected in March and the deficit widened in the first quarter of 2015, underlining one of the economic problems that must be faced by the next government. Office for National Statistics on Friday said that the deficit in March narrowed to 10 122 billion pounds from 10 799 billion pounds in February which was revised to show deficits larger than previous estimates. Economists forecast a deficit of 9.8 billion pounds in March.

Merchandise trade deficit in the first quarter were at 29,905 billion pounds, up from 29 144 billion pounds in the fourth quarter of 2014. Including the UK surplus on trade in services, the overall trade deficit narrowed only 500 million pounds to 2,817 billion pounds in March, but the deficit for The first quarter widened to 7481 billion pounds from 5,968 billion pounds in the fourth quarter. One ONS officials said the widening deficit in the first quarter will probably only slightly slow the pace of overall economic growth. Contrast to this, the trade sector give a boost to gross domestic product in the fourth quarter.

News and Review of European Economic Zone

Liikanen: ECB QE policy Already Stimulate Inflation Outlook

Friday, May 8th, 2015

Program of government bond purchases by the European Central Bank has stimulated inflation expectations while the movement in bond yields can be expected in the future, according to one senior ECB, Erkki Liikanen on Friday. ECB start buying government debt, including bonds in March with a monthly rate of 60 billion euros (67.61 billion dollars) to prevent the threat of deflation, or a decline in prices continues and extends the euro zone. Although the bond purchase program, which is currently scheduled to continue at least until September 2016, is still at an early stage, but the program has sparked a positive reaction from the market, according to Liikanen, governor of the Bank of Finland and is a board member of the ECB's policy.

The new ECB's monetary policy and their commitment to the program has had an impact by preventing decline and pushed inflation expectations for a slight rise, said Liikanen. The inflation rate is still not at the level it should be, but the direction is correct, according to Liikanen. He also said that the ongoing decline in long-term government bond yields has stopped in recent years, with the current yield rose from a record low. He also added that the market assesses the policy of the ECB, and may be movement in bond yields.

News and Review of European Economic Zone (Germany)

German Industrial Production Output Below Expectations For March

Friday, May 8th, 2015

German industrial production in March was below forecasts as output of basic goods dropped from February, pushing total output to levels last seen in November, a further sign that the recovery is not as strong as we think.

Economic Ministry on Friday said that some of the main sectors of the economy, such as the output of the engine and the car, this time losing momentum.

Industrial production, which is adjusted for inflation and seasonal changes, fell by 0.5% in March from the previous month. This is contrary to the economic survey conducted by the Wall Street Journak are expected to rise 0.4%.

An economist of one of the banks in Europe said that industrial production is clearly moving stagnant, reflecting weak demand from other countries in the Euro zone, in addition to the decline in industrial output was also affected by the decline in investment.

Weak global manufacturing bookings in the first quarter and the unstable global growth dampen prospects for production in the coming months

Oil Back To Lower Level $ 60

Thursday, May 7th, 2015

Terkerek crude oil to below the level of $ 60 as the strengthening dollar and investor profit taking after a rally this week. Crude oil prices jumped to nearly 5-month highs on Wednesday after weekly data on US oil inventories fell for the first time in 2015. Data released by the government agency Energy Information Administration (EIA) also confirmed flooding in US crude oil inventories began to shrink terpengauh decline expenditures for exploration and production after the fall in oil prices last year. Analysts assess concomitant lack of bullish factors for oil investors decided to take profit from a rise of nearly 40% since mid-March.

The dollar strengthened after US jobless claims are near 15-year lows. Crude oil traded at an advanced US Dollars more expensive for buyers using other currencies when the dollar strengthened.

Crude oil is in the range of $ 59.83 a barrel at 21:11 pm, with daily lows $ 59.57 and $ 61.29 daily highs

News and Economic Review Zone Asia (China)

IMF Request More Flexible China Currency Policy Money

Thursday, May 7th, 2015

In addition to expressing his views on economic dynamics in Asia Pacific, the International Monetary Fund (IMF) in particular expressed his assessment of China. According to the savings and loan institution, the Chinese government should be more flexible in implementing its currency policy.

As is known, the Chinese government has a strict policy regarding exchange rate movements Yuan or Renminbi. They never let the exchange rate of its currency to strengthen because you want to take advantage of the revenue in the export sector. One way is to install the yuan parity against the US dollar every day so the price movements in the exchange rate market became apparent.

IMF worried that China's increasingly aggressive intervention in the currency market because the economy is slowing. The institute suggests Beijing to better focus on managing fiscal policy rather than taking advantage of the cheap exchange rate. The IMF itself is still optimistic China is able to record stable economic growth in the range of 6% in 2017. While for now the growth of gross domestic product (GDP) stood at 7% in the first quarter or the lowest percentage since the 2009 financial crisis.

News and Review of European Economic Zone

Sapin: EU Will Help Greece Discover Solutions

Thursday, May 7th, 2015

Finance Minister of France, Michel Sapin, the instability of the Greek economy could threaten growth in the euro zone so that the European Union (EU) would help Greece find a solution to the Greek crisis. Speaking before the European Parliament committee in Brussels on Thursday (7/5), the instability of Greece will not be a disaster for the euro zone, however, can impede the economic recovery 19-country bloc.

Priorities of the euro zone finance menterti still seeking agreement on Greek bailout before the deadline in June. However Sapin also added Athens may still be in need of financial assistance after that.

Sapin also suggest new Greek government to find a middle ground between the wishes of the electorate with its commitment to its creditors as a longtime member of the European Union, the Euro zone and the IMF. Related to the Euro Group meeting on 11 May, Sapin wants positive results even though it may not be an agreement.

News and Review of European Economic Zone

Juncker: Grexit Anxiety Can Disrupt Markets

Thursday, May 7th, 2015

European Commission President Jean-Claude Juncker on Thursday said that he would not increase the chances of a Greek exit from the euro zone, in part due to the impact on financial markets. Asked when the panel debate MEPs about opportunities "Grexit", he replied that, if he says that Grexit an option, roughly what will happen in the financial markets? Earlier, Juncker has denied Grexit option.

Other EU officials anxious speculation Grexit possibility would trigger a shift of funds out of Greece that can aggravate the condition of the Greek financial crisis is being searched for a way out. Juncker said he had discussions about Greece with European Central Bank President Mario Draghi on Thursday and will call the Prime Minister of Greece Alexis Tsipras. He said that the discussions between Athens and its creditors are making progress but declined to give details.

News and Review of European Economic Zone (Greece)

Greece Rejects Trimming Pension Fund, Labor Reform

Thursday, May 7th, 2015

Greece denies its international creditors on Thursday by continuing to hold on to his views on pension and labor market reforms and urged the creditors to budge, dimming the prospects for progress in the next week to get a much-needed financial assistance. Despite the efforts of the European Commission President Jean-Claude Juncker to persuade Prime Minister Alexis Tsipras to approve these two conditions for the disbursement of bailout EU / IMF, the Greek government spokesman said that the creditor can not hope that the Athens grant all requests for a deal.

Gabriel Sakellaridis said that the creditors should not expect that the Greek government will succumb to all of them. When there is negotiation, both parties must mutually budge, he added. He said that Greece will not exceed the limit, and it was clear that Greece can not cut pensions. Athens will soon run out of funds but is still not able to reach agreement with the creditors reform, which has said that there will be no agreement at the meeting of euro zone finance ministers next Monday. Sakellaridis Greece dims hopes that the finance ministers of the Eurogroup will see progress towards agreement on a joint statement, giving way for the European Central Bank to allow Athens to sell more short-term debt to banks in Greece.

Crude Oil Surviving High Level Near 2015

Wednesday, May 6, 2015

Crude oil continues to climb higher, print a new record high in 2015, as the weakening dollar, the decline in crude oil inventories in the US and the Middle East conflict. The US dollar-denominated assets such as crude oil becomes cheaper for investors holding other currencies when the dollar weakens. The latest data showed companies in the United States restrict the addition of employees in April that makes investors worried about the condition of the US dollar in the US economic recovery.

Today the Energy Information Administration (EIA) is expected to report the addition of 1.3 million barrels of oil in the US during the last week, lower than the increase of 1.9 million barrels in the previous week. Meanwhile, private institutions API (American Petroleum Institute) has reported a decline of 1.5 million barrels of crude oil production in the US and it is becoming power strengthening crude oil prices in the early morning.

The conflict in Yemen continued with the coalition forces of Saudi Arabia and the Houthi rebels attacking each other in the cities in Yemen, a country located in the middle of the distribution channels crude oil from the Middle East.

Crude oil traded at $ 62.02 a barrel at 19:59 pm, trying to hit a daily high of $ 62.04 to $ 60.60 daily lows.

News and Economic Review Zone Asia (South Korea)

Concern decline in South Korean exports of the Bank of Korea

Wednesday, May 6, 2015

South Korean exports, which declined in the first 4 months of this year, has become a major concern of the Bank of Korea.

"We are monitoring the impact of the weakening yen as Japanese companies began to reduce the price of products," said Chang Min, director general of the BOK's research department, said in an interview in Seoul. "We have calculated the depreciation of the yen when making projections in April, but the weakening of the larger-than-expected may affect exports."

In the last week, an official warned that Korea is increasing surveillance against the Japanese currency movements and the impact on earnings of exporters. As is known, Won has touched the peak level since 2008 against the yen in the last month. South Korean exports were pressed to the lowest level in more than 2 years.

Although the effect of currency exchange rate does not sekrusial in the past, given the number of companies that build factories overseas and produce more high-quality goods that dominate the market, they still have an impact, added Chang.

BOK lowered the economic growth forecast for this year to 3.1% from April's forecast of 3.4%. While the trimmed inflation projection to 0.9% from 1.9%. Chang said that the downward revision is the result of an assessment of a number of factors, such as lower oil prices and a decline in government spending eroded revenue

News and Review of European Economic Zone (Greece)

Pay Debt, Greece Anticipated Next Installment

Wednesday, May 6, 2015

Greece reported just repaying a loan to the International Monetary Fund (IMF) worth 200 million euros or the equivalent of $ 224.9 million. The news was reported by Reuters on statements of government officials in Athens a few moments ago.

The debt payments does not mean to solve the problem that occurred in the past. Although only repay the loan, Greece still has dependents worth 750 million euros ($ 832 million) to the IMF which will expire on 12 May. The Government is not expected to have much money to pay the next installment. Greece will run out of money unless the new loan funds from European lenders could be liquid within the next few days. Pross loan negotiations have so far not see the meeting point, and the Greek government accused the creditors of the IMF and the EU that have hampered the disbursement of money for them

News and Review of European Economic Zone (UK)

UK Service Sector Growth Rate Recovers Ahead of Election

Wednesday, May 6, 2015

UK service sector growth rate accelerated in April, according to survey results Wednesday, broke the other signals that perkeonomian slowed only shortly before the election on Thursday. PMI services sector by Markit / CIPS rose to an 8-month high at 59.5 in April from 58.9 in March and well above economists' estimates for a decline to 58.5. Chris Williamson, chief economist at Markit, said the survey results eased fears that the economy is down due to anxiety election results Thursday.

A similar survey showed the rate of growth in UK manufacturing and construction slowed in April. And in the first quarter of this year, the rate of growth of the UK economy as a whole slowed to 0.3%. National Institute for Economic and Social Research in the UK on Wednesday also estimates the rate of growth will recover, although the weakening in the first quarter to make projections for the UK growth rate in 2015 is lower overall.

News and Review of European Economic Zone

Eurozone Business Activity Rises in Early Second Quarter

Wednesday, May 6, 2015

Activities bsinis eurozone start the second quarter with a robust growth rate of new orders in line strut trigger level of recruitment, according to a survey on Wednesday. The signal strength of the recovery in the euro zone will be welcomed by the European Central Bank, which launched a bond-buying stimulus program worth 1 trillion euros in March, although the survey shows that the number of peruashaan still cut the price. Markit composite PMI is at 53.9 in April, is above the previous release at 53.5, but was slightly below the level of 11-month high in March at 54.0.

Chris Williamson, chief economist at Markit, said the fact that the growth rate failed to gain additional momentum is a disappointment, but the variation in the rate of growth will encourage the government and the central bank that the economy is recovering. The PMI figures showed the rate of growth quarter to quarter sebeasr Dair 0.4% for the second half, according to Williamson, which menyamain projected growth rate of the first quarter.

China Data Prospects Lower Demand, Oil Weakens

Tuesday, May 5, 2015

Declining Chinese manufacturing activity helped make the prospect of declining demand, making the price of crude oil fell earlier this week. China is the second largest oil consumer in the world after the United States.

Figures final version of the HSBC China manufacturing index was released at 48.9, becoming the lowest level since April 2014. The final figure is lower than the initial release of 49.2, and expectations of a rise to 49.4. Yet China's manufacturing activity data the government's version, and using a larger sample, still showed an expansion of 50.1. The data is released on Friday.

Separate data released Monday showed the euro zone manufacturing activity expanded in April, although lower than the previous month. While the US Commerce Department reported factory orders rose 2.1% in March.

WTI crude oil trading on Monday closed at $ 59.02 per barrel, after briefly hitting a daily low of $ 58.45, the highest level of $ 59.73. Sepajang April yesterday, oil rallied 25% and is the largest monthly percentage increase since 2009

News and Economic Review Zone Asia (China)

Selected as China Richest Man, Wang Jianlin Defeat Boss Alibaba

Tuesday, May 5, 2015

Bos company Dalian Wanda, Wang Jianlin, successfully straddled the founder of Alibaba, Jack Ma, in the list of richest people in Asia. With a fortune of $ 38.6 billion (Rp502,7 trillion), Wang also beat Hong Kong's famous tycoon, Li Ka-shing.

In Asian billionaires list released by Bloomberg News, Jack Ma just managed to occupy the 2nd position with a net worth of $ 34.9 billion, or one rank above the Li Ka-shing. Wang Jianlin also entered the top 10 in the list of richest people wide, under a sort of big names Bill Gates and Warren Buffett.

Wang is the owner of the company Dalian Wanda, whose business covers a wide range of sectors including real estate and entertainment. He also has a stake in US-based entertainment company, AMC Holdings. His wealth soared to 50% this year because of the money printing machines work optimally in the midst of the rapid growth of the domestic economy.

Not only that, the 60-year-old man is also investing in retail businesses, media outlets and tourism. The popular company Wanda Department Store and the China Times Media, in addition to other subsidiaries asset value reached billions of dollars. The value of wealth also increased thanks to the increase in the price of its shares. As is known, the Shanghai Composite Index surged 36% in 2015 and the Hang Seng Index rose 18%

News and Review of European Economic Zone

Raise European Union Eurozone GDP Projections

Tuesday, May 5, 2015

EU economists said the drop in oil prices and stimulus by central banks will produce a more rapid growth rate in the euro zone this year, but the question is whether the European economy can continue to expand at a rate in the long term. Projections from the European Commission, the executive body of the European Union, shows the impact of kawsan debt crisis, high unemployment and the burden of government and corporate debt, the problems of the banking system and weak investment spending, is also likely to reduce the rate of growth in the region over the next few years. Head of the European Commission's economic directorate says that the EU economy has benefited from a number of factors, but whether the economy will be able to create long-lasting growth and balanced when these temporary factors faded, the answer is not necessarily. Remnants of the crisis will continue to be felt for several years, he added.

Projections released Tuesday also showed a different fate in the euro zone countries afflicted by the debt crisis. Spain and Ireland economy is expected to grow most rapidly in the euro bloc, while growth in Greece trimmed as the debate between the government and its creditors hurt investor confidence. The European Commission estimates that euro zone GDP will grow at a rate of 1.5%, up from a previous projection of 1.3% in February. They predict growth in the euro area at 1.8%, up from 1.7% in February.

News and Review of European Economic Zone (Greece)

European Commission Cuts Growth Projections Greece

Tuesday, May 5, 2015

The European Commission cut its forecast for economic growth and primary surpluses Greece on Tuesday and forecast a decline in inflation and the increase in the public debt as a result of the uncertainty of the policy direction of Athens since the end of 2014. The European Commission said today it expects the Greek economy will only grow by 0.5% This year, after growing by 0.8% in 2014, and will berakselarasi to 2.9% in 2016, unless there is a change in policy. Three months ago, the European Commission estimates that Greece will grow by 2.5% this year and 3.6% in 2016 after growing by 1.0% a year ago.

The European Commission's quarterly economic projections indicate that positive momentum has been lost by uncertainty since the announcement of the election results in December. The lack of clarity of the direction of government policy and the commitment of the Greek policy in the context of EU and IMF aid was also re-aggravate this uncertainty, according to the report

News and Review of European Economic Zone (UK)

UK Construction Sector Growth Slows Sharply

Tuesday, May 5, 2015

The rate of growth of the construction industry in the UK slowed sharply in April as companies postpone a decision before the election this week, but investor sentiment remains quite high and expects an increase in post-election, according to survey results. Manufacturing sector PMI from Markit / CIPS fell to 54.2 last month, its lowest level in 22 months and down from 57.8 in March, and was under analysts' estimates and following a similar result in the manufacturing sector in April.

Seara UK economic growth rate slowed sharply overall in the first quarter of this year, according to data last week, a setback for Perdanga Minister David Cameron who has staked his campaign for re-election on the strength of the recovery. However, economists said the weakening of GDP in the first quarter might be only a seasonal factor and the economy will recover. UK service sector survey, which will be released tomorrow, is likely to give clues about the slowdown at the beginning of the second quarter of 2015. Markit said there are signs that the company's decision to postpone construction spending ahead of the elections on May 7th. But while the confidence level fell from 9-year high in March, the rate of growth of the labor sector improved slightly, signaling that the company expects the construction sector will recover in the near future

Ignore Data China, Oil Firm in High Level

Monday, May 4, 2015

Crude oil prices appeared robust in 2015 near the high level in the range of $ 59.45 on European session, supported by expectations of easing the level of crude oil supply and the data after weak Chinese manufacturing activity strengthened the view that China will pour an additional stimulus. China's manufacturing sector activity shrank at the fastest pace in a year as the decline in the level of new orders in April, according to the results of Monday's survey of private businesses, strengthen opportunities for policy stimulus to prop up the country's second-largest economy in the world. The volume of trade is also expected to be thin in view of the closure of the UK market.

Pegeboran decrease in activity in the US has strengthened expectations of lower output and on Friday, Baker Hughes Inc. said the number of active rigs has fallen for 21 consecutive weeks to the lowest level since September 2010. Also pressing the oil price is the latest signal that the supply of crude oil is now very abundant, including the level of Iraqi exports, which reached a record in April and the OPEC oil output is at the highest level in 2-1 / 2 years. The rebound in the dollar exchange rate is also a barrier for the oil price rally.

News and Economic Review Zone Asia (China)

Ugly Chinese Economic Data, Open Space for New Easing

Monday, May 4, 2015

Peoples Bank of China (PBOC) since the beginning of last year has been disbursed variety of stimulus to boost the performance of the national economy. But until the second quarter of 2015, government action has not shown satisfactory results. Results of the latest data show a decline in the manufacturing PMI in China's economy, particularly in the manufacturing sector. In the first quarter of this year, the pace of the economy weakened to a record low of 7% and is predicted to remain so until the next few quarters, unless there is a new strategy of the authorities. HSBC manufacturing PMI fell to its fastest pace in 13 months, down from 49.6 (March) to 48.9. The level of production is also stagnant, and the number of new orders down drastically due to weak domestic demand.

The export orders rose marginally. Unfortunately the low domestic demand led to price reductions and absorption of labor. Deflationary pressures still exist due to falling prices of goods produced and imported products. Most likely the poor release of the latest data will make the central bank more monetary policy mempelonggar.

The PBOC has cut the reserve requirement banks to multiply the velocity of money in the financial system. The loan interest is also trimmed, as well as the margin for the purchase of second homes from 60% to only 40%. If it is not enough, there are opportunities for further easing.

News and Review of European Economic Zone (Switzerland)

Still contraction, Switzerland PMI figures Unchanged

Monday, May 4, 2015

When the results of data purchasing managers' index (PMI) other countries negative, Swiss PMI figure it remained strong in April. Business people proved capable of adapting to the strengthening of the French franc exchange rate even though the manufacturing sector is still contracted.

Purchasing managers 'index unchanged in April at 47.9 figure, or was above analysts' estimates of 47.7 and economy. However, the index is still near its lowest level in October 2012 and remained below 50 which is defined as a signal contraction.

The manufacturing sector is flagging after the Swiss National Bank's decision on January 15, which memcabut rules Franc exchange rate peg of 1.20 per euro level. Since fell in January, the PMI stabilized in the range of 48 points so dispelled anxiety about the recession. While the Swiss currency over the 1:05 range against the Euro throughout April despite weakening during the past few days and now in the 1.0470 area.

News and Review of European Economic Zone

Euro zone investor sentiment worsens in May

Monday, May 4, 2015

Sentiment in the euro zone deteriorated slightly in May, but analysts and investors are more optimistic about the current situation than any time since mid-2011, according to survey results Monday, indicating that the overall investor ignores the crisis in Greece. Sentix index of consumer sentiment fell to 19.6 in May from 20.0 in April, were slightly below analysts' estimates for the number at 19.8. Senior analyst at Sentix said that the stability index of sentiment is quite impressive considering the future of Greece is still unclear.

Discussions between Greece and its international creditors have been running very slowly along the left wing pemeirntah Greece refused trimming pension and labor reform. But the Greek government official said on Sunday that negotiations to obtain the funds have achieved progress. Sentix said its index of investor sentiment that followed in Germany showed weakness for the second consecutive month as the worsening expectations, with the Sentix said it was caused by the strengthening of the euro and the mixed signals from the US economy.

News and Review of European Economic Zone (Germany)

Although slowing, the German Manufacturing Sector Still Strong

Monday, May 4, 2015

The pace of growth in Germany's manufacturing sector lost momentum in April, but is still in good condition overall, according to the survey results Monday, indicating that the manufacturing sector began to slow, but steady. Markit PMI of manufacturing sector fell to 52.1 from a 11-month high at 52.8 in March, still firmly above the level of 50 for 5 consecutive months and exceeded the previous release on 51.9. Markit economist said that Germany's manufacturing sector slowed in April, but in any case, the figure is the second best result in the last 9 months and this shows moderate growth in the manufacturing sector.

New orders continued to arrive, albeit with a slower pace than in March, and output growth slowed, but factories increase the number of their new workers. While the weakening of the euro helps companies to obtain new contracts from abroad with the falling prices of their goods to consumers outside the euro zone, it is nevertheless pushing up the cost of imports for the first time in 15 months.