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    Results 2,541 to 2,547 of 2547

    Thread: Forex news from InstaForex

    1. #2541 Collapse Post
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      European Economics Preview: France Consumer Confidence Data Due



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

      At 2.00 am ET, May import price data is due from Germany. Prices had decreased 7.4 percent annually in April.

      At 2.45 am ET, France's statistical office Insee publishes consumer sentiment survey data. The indicator is expected to rise to 95 in June from 93 in May.

      At 3.00 am ET, European Central Bank President Christine Lagarde is set to speak at an online summit organized by the European Business Leaders' Convention.

      In the meantime, retail sales data from Spain is due. Economists forecast sales to fall 17.6 percent annually in May, following a 31.6 percent decrease in April.

      Half an hour later, Statistics Sweden is set to issue retail sales and producer prices for May. Economists forecast sales to fall 2.1 percent on month, in contrast to an increase of 0.2 percent in April.

      At 4.00 am ET, private sector credit data from euro area and manufacturing Purchasing Managers' survey results are due from Austria.

      At 5.00 am ET, Italy's Istat is set to release business confidence survey data. The business sentiment index is expected to rise to 80 in June from 71.2 in May.

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      Malaysia Exports Fall More Than Expected In May



      Malaysia's exports declined at faster than expected rate in May, data from the Department of Statistics revealed on Thursday.

      Exports fell 25.5 percent year-on-year to MYR 62.7 billion in May, following a 23.9 percent decrease in April. Economists had expected a 19.9 percent decline.

      Exports to India, Singapore, Thailand, Japan, the European Union, Hong Kong and Vietnam lowered in May, while those to China increased.

      Imports declined 30.4 percent annually to MYR 52.3 billion in May, following a 23.6 percent fall in the previous month. This was the biggest fall since January 2009. Economists had forecast a fall of 19.8 percent.

      Consequently, the trade balance registered a surplus of MYR 10.4 billion in May.

      On a monthly basis, exports fell 3.2 percent in May and imports declined 23.6 percent.

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      New Zealand ANZ Business Sentiment Rises Less Than Estimated



      New Zealand business sentiment improved less than estimated in June, final data from ANZ showed on Tuesday.

      The business confidence index rose to -34.4 in June from -41.8 in May. However, the score was weaker the preliminary estimate of -33.0.

      ANZ said a vigorous bounce out of lockdown was evident in the numbers, but the levels were consistent with the assessment that the recession is just starting.

      "It is encouraging to see a bounce in sentiment in the retail sector, and these tallies with anecdotes we are hearing about households rushing out to spend the involuntary savings accumulated during lockdown, as well as the money that had been squirreled away, earmarked for an overseas holiday," ANZ said.

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      UK Shop Prices Continues To Fall In June: BRC



      UK shop prices declined for the thirteenth straight month in June but the pace of decrease slowed, data from the British Retail Consortium showed Wednesday.

      The BRC-Nielsen shop price index declined 1.6 percent in June.

      Although consumers benefited from the decline in shop prices, the situation for many retailers, such as those in clothing and footwear remains very challenging, Helen Dickinson, chief executive at BRC, said.

      "Coronavirus has been a huge shock to the retail industry and coming on top of this, the threat of the UK leaving the EU without a trade deal is a real concern as it would lead to severe disruptions to supply chains, far beyond those experienced during lockdown, resulting in higher prices and reduced availability in shops," Dickinson added.

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      European Economics Preview: Eurozone Unemployment Data Due



      Unemployment data from euro area is due on Thursday, headlining a light day for the European economic news.

      At 3.00 am ET, Spain's unemployment data for June is due. The number of people out of work had increased 26,600 in May.

      In the meantime, the Hungarian Central Statistical Office is scheduled to release foreign trade figures for April.

      At 4.00 am ET, unemployment data is due from Italy. Economists forecast the jobless rate to climb to 7.7 percent in May from 6.3 percent in April. At 5.00 am ET, Eurostat is scheduled to release euro area unemployment and producer price data. The jobless rate is expected to rise to 7.7 percent in May from 7.3 percent in April.

      Eurozone producer prices are forecast to decline 4.8 percent annually, faster than the 4.5 percent drop seen in April.

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      China's Service Sector Grows Most Since 2010



      China's service sector expanded at the fastest pace in more than a decade in June, driven by strong orders as measures related to the coronavirus pandemic were relaxed, survey data from IHS Markit showed Friday.

      The Caixin services Purchasing Managers' Index rose to 58.4 in June from 55.0 in May. The rate of expansion was the fastest since April 2010. A score above 50 indicates expansion in the sector.

      Total new orders advanced at the quickest pace since August 2010 driven by improving market conditions and new export work expanded for the first time since January.

      Firms widely reported that overall market conditions had continued to improve following an easing of measures related to the coronavirus disease 2019 pandemic.

      Nonetheless, service providers reported another fall in workforce numbers. As new business increased, outstanding workloads logged a renewed rise in June. On the price front, the survey showed a slight drop in input prices at the end of the second quarter. At the same time, prices charged by services companies were broadly unchanged in June, thereby ending a six-month period of decline.

      Service providers expressed stronger optimism towards the 12-month outlook for business activity in June.

      The composite output index rose to 55.7 in June from 54.5 in May, to signal a sharp and accelerated increase in overall Chinese business activity.

      "Although businesses were optimistic about the economic outlook, they remained cautious about increasing hiring, with employment in both the manufacturing and services sectors shrinking," Wang Zhe, a senior economist at Caixin Insight Group said. Addressing the employment problem requires not only macro policies to further promote work resumption, but also more targeted relief measures introduced by governments to tide companies over, said Wang.

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      Hong Kong Private Sector PMI Improves To 49.6 In June - IHS Markit



      The private sector in Hong Kong continued to contract in June, albeit at a much slower rate, the latest survey from IHS Markey revealed on Monday with a PMI score of 49.6.

      That's up from 43.9 in May, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.

      Individually, output and new orders fell at the slowest rate in more than two years. Employment levels were broadly stable and input cost inflation returned.

      Firms were less pessimistic about the year-ahead outlook during June than in May, with confidence rising to a five-month high.

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