Forex News from InstaForex

Australia Inflation Rises 0.3% In Q1

5.jpg


Overall consumer prices in Australia were up 0.3 percent on quarter in the first quarter of 2020, the Australian Bureau of Statistics said on Wednesday. That exceeded expectations for an increase of 0.2 percent and was down from 0.7 percent in the three months prior.

On a yearly basis, inflation climbed 2.2 percent - again topping forecasts for 2.0 percent and up from 1.8 percent in Q4.

The Reserve Bank of Australia's trimmed mean was up 0.5 percent on quarter and 1.8 percent on year following the 0.4 percent quarterly increase and the 1.6 percent yearly gain in the previous three months.

The RBA's weighted median was up 0.5 percent on quarter and 1.7 percent on year after adding 0.4 percent on quarter and 1.3 percent on year in the fourth quarter.

News are provided by
InstaForex.
 
Australia Private Sector Credit Climbs 1.1% In March

3.jpg


Private sector credit in Australia was up 1.1 percent on month in March, the Reserve Bank of Australia said on Thursday - accelerating from 0.4 percent in February.

On a yearly basis, credit jumped 3.6 percent - slowing from 3.9 percent in the previous month.

Housing credit was up 3.0 percent on month and 3.1 percent on year, while personal credit fell 1.4 percent on month and 6.5 percent on year and business credit advanced 2.9 percent on month and 6.3 percent on year.

Broad money was up 2.7 percent on month and 6.3 percent on year.

News are provided by
InstaForex.
 
Vietnam Manufacturing PMI Falls To 32.7 In April - IHS Marketing

6.jpg


The Vietnam manufacturing sector continued to contract in April, and at a faster rate because of the Covid-19 pandemic, the latest survey from IHS Marketing revealed on Monday with a manufacturing PMI score of 32.7.

That's down from 41.9 in March and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction.

Individually, there were severe declines in output and new orders, while employment was also down at a record pace.

Firms were pessimistic regarding the 12-month outlook.

News are provided by
InstaForex.
 
Aussie Slightly Down After RBA Decision

10.jpg


The Reserve Bank of Australia kept its benchmark lending rate at 0.25 percent, as expected. Following the announcement, the aussie fell slightly against its major rivals.

The aussie was trading at 68.67 against the yen, 1.6925 against the euro, 0.6440 against the greenback and 1.0627 against the kiwi around 12:34 am ET.

News are provided by
InstaForex.
 
European Economics Preview: Germany Factory Orders Data Due

6.jpg


Factory orders from Germany and final composite Purchasing Managers' survey from euro area are due on Wednesday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis is set to release Germany's factory orders for March. Economists forecast orders to fall 10 percent on month after falling 1.4 percent in February.

At 3.00 am ET, retail sales figures are due from Hungary and the Czech Republic. The Czech retail sales are expected to fall 9 percent annually, following February's 7.4 percent increase.

At 3.15 am ET, IHS Markit releases Spain's services PMI data. The PMI is seen at 10.0 in April versus 23.0 in March.

At 3.45 am ET, Italy's services PMI data is due. Economists expect the index to decline to 9.0 in April from 17.4 in March. Thereafter, final PMI survey data is due from France and Germany at 3.50 and 3.55 am ET, respectively.

At 4.00 am ET, IHS Markit publishes euro area final composite PMI data. Economists expect the index to drop to 13.5 in April, as initially estimated, from 29.7 in March.

Half an hour later, UK IHS Markit/CIPS construction PMI survey data is due. The construction PMI is forecast to drop to 22.0 in April from 39.3 in March.

At 5.00 am ET, Eurostat releases euro area retail sales data. Sales are forecast to decline 10.5 percent on month in March, reversing a 0.9 percent rise in February.

News are provided by
InstaForex.
 
China Services PMI Rises To 44.4 In April - Caixin

6.jpg


The services sector in China continued to contract in April, albeit at a slightly slower pace, the latest survey from Caixin showed on Thursday with a Services PMI score of 44.4.

That's up from 43.0 in March, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.

Individually, total new work fell at a modest rate, although export sales tumbled at a near-record pace. Companies trimmed their staffa numbers for the third month in a row.

The survey also showed that the composite index ticked up to 47.6 in April from 46.7 in March.

News are provided by
InstaForex.
 
Malaysia Jobless Rate Rises In March

1.jpg


Malaysia's unemployment rate rose in March, data from the Department of Statistics showed on Friday.

The jobless rate rose to 3.9 percent in March from 3.3 percent in February. In the same month last year, the unemployment rate was 3.4 percent.

On a seasonally adjusted basis, jobless rate rose to 3.9 percent in March from 3.3 percent in the previous month.

The number of unemployed increased to 610,500 in March from 525,200 in the previous month.

The number of employed decreased to 15.23 million in March from 15.34 million in the prior month.

News are provided by
InstaForex.
 
New Zealand Electronic Card Spending Plummets In April

7.jpg


The total value of overall electronic spending in New Zealand was down a seasonally adjusted 48 percent or NZ$3.5 billion in April, Statistics New Zealand said on Monday - following the 8.6 percent drop in March.

Spending in the retail industries fell 47 percent (NZ$2.6 billion), while spending in the core retail industries - which excludes the automobile-related industries) fell 44 percent (NZ$2.2 billion).

The non-retail (excluding services) category was down NZ$686 million (47 percent), and the services category fell NZ$200 million (84 percent) in April 2020.

News are provided by
InstaForex.
 
China Inflation Slows To 3.3% In April

1.jpg


Consumer prices in China were up 3.3 percent on year in April, the National Bureau of Statistics said on Tuesday.

That was beneath expectations for an annual increase of 3.7 percent and down from 4.3 percent in March.

On a monthly basis, consumer prices sank 0.9 percent - again missing forecasts for a decline of 0.5 percent after sliding 1.2 percent in the previous month.

The stats bureau also reported that producer prices tumbled 3.1 percent on year - well shy of expectations for a drop of 2.6 percent and down sharply from the 1.5 percent decline a month

News are provided by
InstaForex.
 
Japan Overall Bank Lending Jumps 3.0% On Year

Overall bank lending in Japan was up 3.0 percent on year in April, the Bank of Japan said on Wednesday - coming in at 553.486 trillion yen.

That's up sharply from the 2.0 percent annual increase in March.

Excluding trusts, bank lending gained 3.1 percent on year to 482.863trillion yen - up from 2.2 percent a month earlier.

Lending from trusts rose 1.7 percent to 70.622 trillion yen- up from 1.0 percent in the previous month. Lending from foreign banks surged 25.7 percent to 3.506 trillion yen.

News are provided by InstaForex
 
Australia Unemployment Rate Rises To 6.2% In April

5.jpg


The jobless rate in Australia came in at a seasonally adjusted 6.2 percent in April, the Australian Bureau of Statistics said on Thursday. That was up from 5.2 percent in March but was well beneath expectations for 8.3 percent.

The Australian economy lost 594,300 jobs last month to 12,418,700 - missing forecasts for a decline of 575,000 following the increase of 5,900 jobs in the previous month.

Full-time employment decreased 220,500 to 8,656,900 people and part-time employment decreased 373,800 to 3,761,800 people.

Unemployment increased 104,500 to 823,300 people. Underutilization rate increased 5.9 pts to 19.9 percent.

The participation rate was 63.5 percent in April, well shy of expectations for 65.2 percent and down from 66.0 percent a month earlier.

Monthly hours worked in all jobs decreased 163.9 million hours to 1,625.8 million hours.

News are provided by
InstaForex.
 
China Industrial Output Rises 3.9% On Year In April

Industrial production in China was up 3.9 percent on year in April, the National Bureau of Statistics said on Friday.

That exceeded expectations for an increase of 1.5 percent following the 1.1 percent decline in March.

The bureau also noted that retail sales fell an annual 7.5 percent - missing expectations for a drop of 7.0 percent after tumbling 15.8 percent in the previous month.

Fixed asset investment sank 10.3 percent on year, also shy of expectations for a decline of 10.0 percent after plunging 16.1 percent a month earlier.

The jobless rate came in at 5.8 percent, down from 5.9 percent in March. RSS feed

News are provided by InstaForex
 
Singapore Exports Rise Unexpectedly In April

Singapore's non-oil domestic exports increased unexpectedly in April, data from Enterprise Singapore showed on Monday.

Non-oil domestic exports increased 9.7 percent year-on-year in April, confounding expectations for a decline of 5 percent. Nonetheless, the pace of growth eased from 17.6 percent logged in March. Electronic NODX fell by 0.6 percent, while non-electronic NODX gained 12.8 percent.

On a monthly basis, NODX declined 5.8 percent in April, after a 12.8 percent rise in the previous month.

NODX to the top markets grew in April, though exports to China, Hong Kong, Malaysia, Indonesia and Thailand declined. The largest contributors to the growth were the US, the EU 27 and Japan, data showed.

News are provided by InstaForex
 
New Zealand Producer Price Outputs Add 0.1% In Q1

Producer price outputs in New Zealand were up 0.1 percent on quarter in the first quarter of 2020, Statistics New Zealand said on Tuesday - slowing from 0.4 percent in the three month prior.

Producer price inputs fell 0.3 percent on quarter after rising 0.1 percent in the previous three months.

On a yearly basis, outputs gained 2.2 percent and inputs were up 1.2 percent. Farm expenses price index (FEPI) were flat on quarter and up 1.0 percent on year, while capital goods price index (CGPI) rose 0.6 percent on quarter and 2.9 percent on year.

Salaries and wages rose 0.3 percent on quarter and 2.5 percent on year.

News are provided by InstaForex
 
Japan March Core Machine Orders Ease 0.4%

4.jpg


Core machine orders in Japan slid a seasonally adjusted 0.4 percent on month in March, the Cabinet Office said on Wednesday - standing at 854.7 billion yen.

That beat expectations for a tumble 0.7.1 percent following the 2.3 percent increase in February.

On a yearly basis, core machine orders sank 0.7 percent - again beating forecasts for a all of 9.5 percent following the 2.3 percent drop in the previous month.

The total value of machinery orders received by 280 manufacturers operating in Japan increased by a seasonally adjusted 3.0 percent on month and 0.9 percent on year in March at 2,289.0 billion yen.

Manufacturing orders fell 8.2 percent on quarter and 3.2 percent on year, while non-manufacturing orders added 5.3 percent on quarter and 0.9 percent on year.

Government orders surged 17.1 percent on month and 66.5 percent on year, while orders from overseas fell 1.3 percent on month and 14.4 percent on year. Orders through agencies sank 3.3 percent on month and 5.8 percent on year.

For the first quarter of 2020, core machine orders slid 0.7 percent on quarter and 1.0 percent on year. Total machine orders gained 3.9 percent on quarter and fell 0.7 percent on year in Q1.

Manufacturing orders added 1.8 percent on quarter and lost 3.4 percent on year in Q1, while non-manufacturing orders fell 5.1 percent on quarter and rose 0.6 percent on year.

Government orders soared 25.5 percent on quarter and 45.0 percent on year, while orders from overseas gained 8.7 percent on quarter and lost 8.7 percent on year. Orders through agencies gained 3.6 percent on quarter and fell 4.1 percent on year.

Core machine orders are now predicted to fall 0.7 percent on quarter in Q2 and 10.4 percent on year.

News are provided by
InstaForex.
 
Malaysia Consumer Prices Fall More-Than-Expected In April

1.jpg


Malaysia's consumer prices declined more-than-expected in April, figures from the Department of Statistics revealed on Wednesday.

The consumer price index declined 2.9 percent year-on-year in April, following a revised 0.2 percent decrease in March. Economists had expected a 1.6 percent fall. This was the second consecutive fall in prices.

Among the main components, prices for transport declined 21.5 percent annually in April and housing, water, electricity, gas and other fuels decreased by 2.2 percent.

Meanwhile, cost of food and non-alcoholic beverages rose 1.2 percent and prices for miscellaneous goods and services grew 2.3 percent. Cost for health and education rose by 1.2 percent, each.

On a month-on-month basis, consumer prices fell 2.7 percent in April.

The core consumer price inflation held steady at 1.3 percent in April.

News are provided by
InstaForex.
 
European Economics Preview: Eurozone Flash PMI Data Due

Flash Purchasing Mangers' survey results from euro area and the UK are due on Thursday, headlining a busy day for the European economic news.

At 3.15 am ET, IHS Markit is scheduled to issue France's PMI data. Economists forecast the composite output index to improve to 32.0 in May from 11.1 a month ago.

At 3.30 am ET, Germany's flash PMI data is due. The composite index is seen at 34.1 in May versus 17.4 in the previous month.

At 4.00 am ET, Eurozone composite PMI data is due. The index is expected to advance to 25.0 in May from 13.6 in April.

In the meantime, industrial production and producer prices are due from Poland. Economists forecast industrial output to fall 10 percent annually in April, faster than the 2.3 percent decrease in March.

At 4.30 am ET, IHS Markit/CIPS publishes UK flash composite PMI data. Economists forecast the composite indicator to rise to 25.0 in May from 13.8 in April.

At 6.00 am ET, the Confederation of British Industry releases Industrial Trends survey data. The order book balance is forecast to fall to -59 percent in May from -56 percent in the preceding period.

At 7.00 am ET, Turkey's central bank interest rate announcement is due. Economists expect the central bank to cut its one-week repo rate to 8.25 percent from 8.75 percent.

News are provided by InstaForex
 
Bank Of Japan Launches New Lending Program

The Bank of Japan introduced a new lending program to help small and medium-sized firms and left its target for short-term interest rate and the bond yield target unchanged on Friday.

At the emergency meeting, the policy board of the BoJ unanimously decided to launch a lending scheme worth about JPY 30 trillion to support SMEs struggling to operate amid the spread of the novel coronavirus, or Covid-19.

According to the new scheme, the bank will provide funds to eligible counterparties against pooled collateral for up to 1 year at the loan rate of zero percent.

The board voted 8-1 to retain the interest rate at -0.1 percent on current accounts that financial institutions maintain at the central bank.

Also, the bank will continue purchase a necessary amount of Japanese government bonds without setting an upper limit so that 10-year JGB yields will remain at around zero percent.

As for CP and corporate bonds, the BoJ will maintain their amounts outstanding at about JPY 2 trillion and about JPY 3 trillion, respectively.

News are provided by InstaForex
 
Singapore Cuts 2020 GDP Outlook

6.jpg


Singapore's economic outlook for 2020 was lowered further due to the deterioration in foreign demand forecast and the expected economic impact of the coronavirus containment measures.

The Ministry of Trade and Industry on Tuesday forecast the city-state economy to shrink "-7.0 to -4.0 percent" this year instead of "-4.0 to -1.0 percent projected in March.

The ministry said there continues to be a significant degree of uncertainty over the length and severity of the coronavirus, or Covid-19, outbreak, as well as the trajectory of the economic recovery, in both the global and Singapore economies.

Gross domestic product shrank 0.7 percent on a yearly basis in the first quarter, reversing a 1 percent rise in the fourth quarter 2019. The first quarter figure was revised from -2.2 percent.

On a quarter-on-quarter seasonally-adjusted annualized basis, the economy contracted 4.7 percent, a pullback from the 0.6 percent expansion in the fourth quarter of last year.

The manufacturing sector expanded by 6.6 per cent year-on-year on account of output expansions in the biomedical manufacturing, precision engineering and transport engineering clusters.

Meanwhile, the construction sector contracted 4.0 percent. Likewise, the wholesale and retail trade sector fell 5.8 percent and the transportation and storage sector declined 8.1 percent.

The accommodation and food services sector logged a sharp fall of 23.8 percent. At the same time, the information and communications sector grew 3.5 percent and the finance and insurance sector expanded 8.0 percent.

The business services sector shrank 3.3 percent in the first quarter.

A very strong performance from the biomedical manufacturing sector meant that Singapore's economy contracted much less in the first quarter than previously thought, Alex Holmes, an economist at Capital Economics, said.

But with a stringent lockdown in place at home and demand cratering abroad, the sector is unlikely to stop a huge contraction in the economy in the second quarter, the economist added.

News are provided by
InstaForex.
 
European Economics Preview: French Consumer, Business Sentiment Data Due

Consumer and business sentiment survey results from France are due on Wednesday, headlining a light day for the European economic news.

At 2.00 am ET, Statistics Norway is set to issue unemployment and retail sales data. The jobless rate is forecast to rise to 4 percent in March from 3.5 percent in the preceding period.

At 2.45 am ET, France's Insee publishes consumer and business confidence survey results. The consumer sentiment index is forecast to fall to 92 in May from 95 in April. The business confidence index is seen at 85 versus 82 a month ago.

At 3.00 am ET, unemployment data from Hungary is due.

At 3.30 am ET, European Central Bank President Christine Lagarde is set to speak at the European Youth Event 2020. In the meantime, Statistics Sweden publishes producer prices for April. Prices had fallen 3.6 percent annually in March.

At 4.00 am ET, unemployment data from Norway and manufacturing Purchasing Managers' survey from Austria are due.

News are provided by InstaForex
 
You must log in or register to reply here.
Back
Top