Dollar Still Strong, French Inflation Slows In July - General

felix jacob 2014.07.30 11:35 #1341

dollars still strong the FOMC will make it more stong again today more drop on eur/usd

thenews 2014.07.30 13:39 #1342

German Inflation Slows In July

German inflation slowed slightly in July, flash data from Destatis showed Wednesday.

Inflation, based on harmonized consumer prices, eased to 0.8 percent, in line with expectations, from 1 percent in June.

Likewise, consumer price inflation eased to 0.8 percent, as expected, from 1 percent in the prior month. Final figures are due from Destatis on August 13.

Cost of goods and food rose 0.1 percent each from last year. Cost of services advanced 1.5 percent, while energy prices fell 1.5 percent.

Month-on-month, the harmonized index gained 0.3 percent, which was slightly faster than the 0.2 percent rise forecast by economists. Similarly, the consumer price index advanced by 0.3 percent.

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sherif 2014.07.31 01:19 #1343

i hope we wont see a low range of trading today

thenews 2014.07.31 05:31 #1344

French consumer spending picks up pace in June

French consumer spending growth accelerated in June as households spent more on durable goods, French statistics agency Insee said Thursday.

Consumer spending in the euro zone's second largest economy rose 0.9% in June from May and was 1.8% higher than June 2013. Analysts polled by the Wall Street Journal had expected a 0.1% rise in June from May and 0.7% increase from June last year.

Spending on durable goods rose 0.5% in June from May and spending on clothing jumped 3%.

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thenews 2014.07.31 08:11 #1345

Euro zone inflation drops to near five-year low in July

Euro zone inflation fell in July to its lowest level since the height of the financial crisis nearly five years ago, data showed on Thursday, highlighting deflation risks on the European Central Bank's radar.

Consumer prices in the 18 countries sharing the euro rose by 0.4 percent on the year in July, the weakest annual rise since October 2009 when prices fell by 0.1 percent, the EU's statistics office Eurostat said.

Annual core inflation - which excludes energy, food, tobacco and alcohol costs - stood unchanged at 0.8 percent for the second month in a row.

Energy prices fell by 1.0 percent on the year in July, after a 0.1 percent rise in June, while prices of services were up by 1.3 percent for the second month running.

The ECB cut interest rates and announced a barrage of other measures in June to pump money into the sluggish euro zone economy, adding it stood ready to act again should inflation expectations deteriorate from the current outlook.

The bank holds a policy meeting on Thursday next week and analysts expected it to stay put, reflecting signals from the Governing Council that more time is needed to assess the impact of its latest measure on the real economy.

Euro zone inflation has been stuck in what the ECB calls a 'danger zone' of below 1 percent since October last year and is not expected to bounce back to the bank's target of close but below 2 percent even by 2016, when it should hit 1.4 percent.

Germany, Europe's largest economy, saw annual inflation easing in line with expectations to 0.8 percent in July from 1.0 percent, days after the ECB and the country's Bundesbank emphasized the need to raise wages in the euro zone's growth engine.

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