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**InstaForex Gertrude** · 17-10-18, 08:50

European Economics Preview: UK Inflation Data Due

Inflation data is due from the UK on Wednesday, headlining a light day for the European economic news.

At 2.00 am ET, the European Automobile Manufacturers Association is set to release new passenger car registrations for September.

At 4.00 am ET, industrial production and producer prices are due from Poland. Industrial output is expected to grow 5.3 percent on month in September following a 0.8 percent rise in August. At the same time, producer price inflation is seen at 2.9 percent versus 3 percent a month ago.

At 4.30 am ET, the Office for National Statistics is scheduled to issue consumer and producer prices for September. UK inflation is expected to ease slightly to 2.6 percent from 2.7 percent in August.

UK output price inflation is forecast to remain unchanged at 2.9 percent in September. Meanwhile, input price inflation is seen rising to 9.2 percent from 8.7 percent a month ago.

At 5.00 am ET, Eurostat publishes euro area final consumer prices and construction output figures. According to preliminary estimate, inflation rose to 2.1 percent in September from 2 percent in August.

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**InstaForex Gertrude** · 18-10-18, 07:45

Australia Jobless Rate Sinks To 5.0% In September

The unemployment rate in Australia came in at a seasonally adjusted 5.0 percent in September, the Australian Bureau of Statistics said on Thursday.

That was beneath expectations for 5.3 percent, which would have been unchanged.

The Australian economy added 5,600 jobs last month - shy of expectations for an increase of 15,000 following the 44,000 jump in the previous month.

Full-time employment saw a gain of 20,300, down from 33,700 a month earlier. Part-time employment shed 14,700 jobs following the addition of 10,200 in August.

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**InstaForex Gertrude** · 23-10-18, 09:02

European Economics Preview: Germany's Producer Price Data Due

Producer prices from Germany and flash consumer sentiment from euro area are due on Tuesday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis is set to publish Germany's producer prices for September. Economists forecast prices to rise at a steady pace of 0.3 percent.

In the meantime, Finland's unemployment data is due for September. The jobless rate stood at 6.8 percent in August. At 3.00 am ET, Turkey's consumer confidence survey data is due.

At 6.00 am ET, the Confederation of British Industry is scheduled to issue Industrial Trends survey data. The order book balance is seen at 2 in October versus -1 in September.

At 10.00 am ET, European Commission releases euro area consumer sentiment survey results. The confidence index is seen at -3.2 in October versus -2.9 in September.

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**InstaForex Gertrude** · 30-10-18, 07:29

Japan's Jobless Rate Declines In September

Japan's unemployment rate declined in September, the Ministry of Internal Affairs and Communications reported Tuesday.

The jobless rate fell to 2.3 percent from 2.4 percent in August. This was the lowest rate since early 1990s. The rate was expected to remain unchanged at 2.4 percent.

The jobs-to-applicant ratio rose slightly to 1.64 from 1.63 a month ago.

The unemployment rate is the lowest it has been in a generation and it will fall further over the coming year, Marcel Thieliant, an economist at Capital Economics, said.

The upshot is that wage growth probably won't reach the 2.5 percent annual rate required to meet the BoJ's 2 percent inflation target, the economist added.

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**InstaForex Gertrude** · 05-11-18, 06:42

Japan Services Sector Accelerates In October - Nikkei

The services sector in Japan continued to expand in October, and at a faster rate, the latest survey from Nikkei revealed on Monday with a PMI score of 52.4.

That's up from 50.2 in September, and it moves back above the boom-or-bust line of 50 that separates expansion from contraction.

The October reading also touched a six-month index high.

Individually, there was a stronger upturn in business activity, while new business growth quickened to a five-year high.

Selling charge inflation eased despite a strong rise in costs.

The survey also said its composite index climbed to 52.5 from 50.7 a month earlier.

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**InstaForex Gertrude** · 08-11-18, 08:20

China's Exports, Imports Rise More Than Forecast

China's exports and imports increased more-than-expected in October, official data showed Thursday.

Exports grew 15.6 percent annually, the General Administration of Customs reported. Economists had forecast an increase of 11.7 percent.

At the same time, imports surged 21.4 percent compared to the forecast of 14.7 percent.

As a result, the trade surplus came in at $34 billion in October versus the expected level of $35.1 billion.

In yuan terms, imports advanced 26.3 percent and exports climbed 20.1 percent from last year. The trade surplus totaled CNY 233.6 billion.

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**InstaForex Gertrude** · 09-11-18, 06:50

China CPI Steady At 2.5% On Year In October

Consumer prices in China were up 2.5 percent on year in October, the National Bureau of Statistics said on Friday.

That was in line with expectations and unchanged from the September reading.

The bureau also said that producer prices climbed an annual 3.3 percent - matching forecasts and slowing from 3.6 percent in the previous month.

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**InstaForex Gertrude** · 15-11-18, 06:38

Australia Jobless Rate Steady At 5.0% In October

The unemployment rate in Australia came in at a seasonally adjusted 5.0 percent in October, the Australian Bureau of Statistics said on Thursday.

That was unchanged from the September reading, although it was beneath expectations for 5.1 percent.

The Australian economy added 32,800 jobs last month - beating forecasts for 20,000 following the addition of 7,800 jobs in the previous month.

The participation rate was 65.6 percent - exceeding expectations for 65.5 percent, which would have been unchanged.

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**InstaForex Gertrude** · 16-11-18, 09:47

Germany's Wholesale Price Inflation Accelerates In October

Germany's wholesale prices climbed at a faster pace in October, data from Destatis revealed Friday.

Wholesale price inflation improved to 4 percent from 3.5 percent in the previous month.

The wholesale price growth in October was largely influenced by a 24.1 percent increase in solid fuels and petroleum products prices. Chemical product prices rose by 6.5 percent. Meanwhile, prices for waste and residues dropped 8.4 percent and live animals fell 9.7 percent.

Month-on-month, wholesale prices rose 0.3 percent after a 0.4 percent increase in September.

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**InstaForex Gertrude** · 19-11-18, 09:51

Turkey Retail Sales Fall For First Time In 19 Months

Turkey's retail sales volume declined for the first time in over one-and-a-half years in September, preliminary data from the Turkish Statistical Institute showed on Monday.

The retail sales volume dropped a calendar adjusted 3.4 percent year-on-year following a 1.5 percent increase in August. The latest decline was the first since February 2017, when sales decreased 1 percent.

On a month-on-month basis, retail sales fell a seasonally-and-calendar adjusted 4.6 percent in September after a 0.2 percent gain in August. The latest drop was the first since February this year, when sales decreased 1 percent.

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**InstaForex Gertrude** · 28-02-19, 07:07

China Manufacturing PMI Slides To 49.2 In February

The manufacturing sector in China continued to contract in February, and at a faster rate, the latest survey from the National Bureau of Statistics revealed on Thursday with a manufacturing PMI score of 49.2.

That missed expectations for a score of 49.5, which would have been unchanged from the previous month. It also moves further beneath the boom-or-bust line of 50 that separates expansion from contraction.

The bureau also said that its non-manufacturing PMI came in with a score of 54.3 in February - again shy of expectations for 54.5 and down from 54.7 in the previous month.

The composite index posted a score of 52.4, down from 53.2 a month earlier.

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**InstaForex Gertrude** · 26-03-19, 06:48

The yen got wings, next stop $ 108.5

The fall of the yield curve below zero for the first time since 2007 stirred up the financial markets. The indicator, showing the difference between 10 and 3-year treasuries, is a reliable harbinger of a recession with a time lag of 12-18 months. Its inversion pushed players to active sales of shares. The losses of the S & P 500 amounted to 1.5%, and two new topics appeared on the market, fueling traders' interest in protective assets, such as the yen.

The sharp change in the rate of the Federal Reserve at the beginning of the year contributed to the rapid rally of US stock indices. The stock market prepared to close the quarter with the best result in nearly 30 years. However, it looks unnatural when macroeconomic statistics deteriorate and stocks rise. The growth of the US economy in the first quarter, will slowdown to less than 1% according to estimates of the leading indicator from the Atlanta Fed. hus, Morgan Stanley suspects that October-December GDP may be adjusted from 2.6% to 1.8% in quarterly terms. Divergence between economic reports and stock indicators cannot last forever.

The situation is similar throughout the world. Thus, the index of purchasing managers in the manufacturing sector of China, Japan, and the eurozone is below the critical level - 50, which indicates a slowdown in global GDP growth. Meanwhile, European stocks are ahead of their American counterparts, and the global MSCI is increasing. The naked eye can see that the market is overheated, which means it's time to pay attention to the safe haven assets. A 1.5% increase in the Japanese yen last week is a further evidence of this.

The national currency of Japan was under the "press" for quite some time. Its growth was hindered by such factors as high risk appetite, low rates of the world debt market and volatility. Inversion of the US yield curve provoked carry-traders to close positions, increased demand for funding currencies, and also caused the USDJPY rate to depreciate.

Among the most obvious fears of the market is the excessively "soft" position of the Fed. There was a too sharp change of tone. In December, the regulator allowed three series of rate increases, and now it does not plan any policy tightening. Perhaps, officials of the regulator do not agree on something, for example, a speedy recession. That is why the yield curve and went into the red zone.

Safe haven assets, as well as the yen, will be supported by the growing risks of the subsequent correction of the S & P 500 and increased volatility. The situation is heightened by rumors about Theresa May's resignation and the possible escalation of trade conflicts. Thus, the USDJPY pair may well move to the level of $ 108.5.

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**InstaForex Gertrude** · 21-05-19, 08:13

Singapore Lowers 2019 Growth Outlook

Singapore's economic growth outlook for this year was lowered as the manufacturing sector is set to log a sharp slowdown on weak global demand.

The city-state economy is forecast to grow 1.5 to 2.5 percent in 2019 compared to previous projection of 1.5 to 3.5 percent, the Ministry of Trade and Industry said Tuesday.

The ministry said the global growth outlook remains clouded by uncertainties and downside risks. The manufacturing sector is expected to face strong headwinds on account of a sharper-than-expected downturn in the global electronics cycle, as well as uncertainties arising from the ongoing trade conflicts.

Elsewhere, Enterprise Singapore maintained its total trade growth projection for 2019 at 0 to 2 percent, while non-oil domestic exports growth forecast was downgraded to -2 to 0 percent.

In the first quarter, gross domestic product climbed 1.2 percent year-on-year, following the 1.3 percent expansion seen in the previous quarter, the MTI reported. Meanwhile, on a quarter-on-quarter seasonally-adjusted annualized basis, the economy expanded 3.8 percent, a reversal from the 0.8 percent contraction in the preceding quarter.

The manufacturing sector shrank 0.5 percent as global demand for semiconductor equipment weakened. On the other hand, construction expanded 2.9 percent, a turnaround from the 1.2 percent decline in the previous three months.

The wholesale and retail trade sector shrank 1.8 percent, while the transportation and storage sector posted 0.8 percent growth. The accommodation & food services sector grew 1.8 percent.

Data showed that the information and communications sector expanded by 6.6 percent and the finance & insurance sector by 3.2 percent. Growth in the business services sector eased to 2.3 percent. The "other services industries" grew at a faster pace of 2.2 percent.

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**IFX Yvonne** · 22-05-19, 09:49

Japan Supermarket Sales Decline In April

Japan's supermarket sales declined in April, data from the Chain Store Association showed Wednesday.

Supermarket sales dropped 1 percent year-on-year in April, reversing a 0.5 percent rise in March.

The annual drop was largely driven by clothing sales, which fell 7 percent. Meanwhile, services and household goods sales expanded from last year.

Before adjustment, sales grew 0.2 percent but slower than the 2 percent increase seen a month ago.

On a monthly basis, supermarket sales declined 1.6 percent in April.

**InstaForex Gertrude** · 04-10-19, 08:14

UK Economic Conditions Deteriorate On Weak Manufacturing Activity: BCC

The UK economic conditions weakened in the third quarter reflecting a marked deterioration in manufacturing sector activity, survey results from the British Chambers of Commerce showed Friday.

According to Quarterly?Economic?Survey, manufacturing firms reporting increased domestic sales fell to zero. The domestic order balance entered negative territory for the first time in seven years, to -7 in the third quarter. Both are at their weakest since the fourth quarter of 2011.

The balance of manufacturing firms reporting increased export sales dropped to +3, the lowest level since the fourth quarter of 2015 and the balance for export orders went negative and came in at its weakest level since the third quarter of 2009.

The dominant services sector reported a decrease in the balance of firms reporting increased domestic sales and orders, and export orders, the survey showed. The domestic sales balance of service providers slid to 15 and the balance for domestic orders dropped marginally to 9 in the third quarter.

Manufacturers' cashflow position - a key indicator of the financial health of a business, deteriorated. In the services sector, cashflow held steady at a low level.

"A stuttering services sector coupled with a worrying downturn in manufacturing activity indicates that any bounce back in UK GDP growth from the contraction in the second quarter is likely to be underwhelming at best," Suren?Thiru, Head of Economics at the BCC, said.

"This is a reality check, not scaremongering or politicking. These are some of the worst figures we've seen in a decade - and jobs, businesses, and the future success of our communities are on the line," Adam Marshall, Director General of the BCC, said.

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**InstaForex Gertrude** · 10-10-19, 05:52

Australia Home Loans Climb 3.2% In August

The total number of home loans in Australia was up a seasonally adjusted 3.2 percent on month in August, the Australian Bureau of Statistics said on Thursday - coming in at 33,468.

That exceeded expectations for an increase of 2.3 percent following the upwardly revised 4.3 percent increase in July (originally 4.2 percent).

Personal finance commitments fell 2.2 percent in August following a 3.8 percent fall in July and was down 12.9 percent on August 2018.

The value of new lending commitments for owner occupier dwellings rose 1.9 per cent nationally in August, with rises in all states and territories apart from the Northern Territory.

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**InstaForex Gertrude** · 14-10-19, 04:24

New Zealand Services Sector Slows In September - BusinessNZ

The services sector in New Zealand continued to expand in September, albeit at a slower rate, the latest survey from BusinessNZ showed on Monday with a Performance of Services Index score of 54.4.

That's down from 54.6 in August, although it remains well above the boom-or-bust line of 50 that separates expansion from contraction.

Among the individual components of the survey, sales (54.4), supplier deliveries (50.5), stocks (51.8), employment (52.7) and new orders (59.3) all continued to expand last month.

"The fact that new orders/business (59.3) improved to its highest result since January should assist with general business activity going forward. However, looking more broadly the gap in performance between the services and manufacturing sectors persists. With other key economic data showing a general trend decline, the question becomes to what degree will the services sector be affected by slowing influences elsewhere in the months ahead," BusinessNZ chief executive Kirk Hope said.

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**InstaForex Gertrude** · 17-10-19, 03:22

Australia Unemployment Data Due On Thursday

Australia will on Thursday release jobless numbers for September, highlighting a modest day for Asia-Pacific economic activity.

The unemployment rate is expected to hold steady at 5.3 percent, with the addition of 15,000 jobs following the gain of 34,700 jobs in August. The participation rate is called unchanged at 66.2 percent.

Singapore will provide September numbers for imports, exports and trade balance. In August, imports were worth SGD41.00 billion and exports were at SGD45.18 billion for a trade surplus of SGD4.18 billion.

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**InstaForex Gertrude** · 18-10-19, 03:55

Chinese Data Due On Friday

China is scheduled to release a raft of data on Friday, headlining a busy day for Asia-Pacific economic activity. On tap are Q3 numbers for gross domestic product and September figures for industrial production, retail sale, fixed asset investment and unemployment.

GDP is expected to rise 1.5 percent on quarter and 6.1 percent on year, slowing from 1.6 percent on quarter and 6.2 percent on year in the three months prior.

Industrial production is tipped to add 5.0 percent on year, up from 4.4 percent in August. Retail sales are expected to add an annual 7.8 percent, up from 7.5 percent in the previous month.

Fixed asset investment is called steady at 5.5 percent, while the jobless rate is predicted to be unchanged at 5.2 percent.

Japan will see September data for nationwide consumer prices, with forecasts suggesting an increase of 0.2 percent on year - slowing from 0.3 percent in August. Core CPI is pegged at an annual 0.3 percent, down from 0.5 percent in the previous month.

Hong Kong will release unemployment numbers for September; in August, the jobless rate was 2.9 percent.

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**InstaForex Gertrude** · 22-10-19, 03:37

Hong Kong Inflation Data Due On Tuesday

Hong Kong is on Tuesday scheduled to release September figures for consumer prices, highlighting an extremely light day for Asia-Pacific economic activity.

In August, inflation was up 3.5 percent on year.

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