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CFD Markets News and Forecasts — 21-08-2012
The euro rose to a six-week high against the dollar and the yen ahead of the meeting of regional leaders this week, which will meet to discuss their progress in the fight against the financial crisis.
The single currency continued its two-day rise after Germany reported a possible concessions to Greece. Also on the rise of the currency influenced successfully conducted auction of treasury bills in Spain. It is learned that Spain has placed T-bills in the amount of 4.515 billion euros against the planned 3.5-4.5 billion.
The dollar to fall in anticipation of the release of data on home sales, which will be presented tomorrow. It is expected that sales rose last month.
The Australian dollar rose against the dollar after the minutes of the meeting of the Reserve Bank of Australia showed that the internal market is showing signs of recovery, despite the weakness of the global economy.
The pound fell against the euro as the UK unexpectedly announced that net borrowing state. Sector declined, while factory orders balance of the Confederation of British Industry has fallen to eight-month low in August, adding to signs that the UK economy is slowing down.
The dollar index (DXY), which tracks the greenback against six major currencies, fell 0.7 percent to 81.811 today, after falling to 81.859, which is the lowest level since July 4.
European (SXXP) stocks advanced as Spain’s borrowing costs fell at a debt sale, while investors awaited bilateral meetings between the leaders of euro-area countries to gauge their progress in tackling the fiscal crisis.
The Stoxx 600 climbed 0.4 percent to 272.58 at the close of trading.
National benchmark indexes gained in every western-European market except Denmark.
FTSE 100 5,857.52 +33.15 +0.57% CAC 40 3,513.28 +32.70 +0.94% DAX 7,089.32 +55.64 +0.79%
In the U.S., house sales and durable-goods orders probably increased in July, economists said before reports this week.
Rio Tinto, the world’s third-largest mining company, gained 2.1 percent to 3,062.5 pence and BHP Billiton added 1.5 percent to 1,980 pence after copper prices climbed in London. A gauge of mining stocks listed on the Stoxx 600 rose 1.7 percent.
Julius Baer Group AG climbed 3.1 percent to 32.36 Swiss francs after the company said late yesterday it will reduce its rights offer to 500 million francs ($519 million) from 750 million francs.
Barclays Plc (BARC) gained 3.2 percent to 197.1 pence after saying it has started talks with South Africa’s Absa Group Ltd. to merge their African units. The combination would affect the banks’ assets in Kenya, Botswana, Zambia, Tanzania and Ghana, according to a statement. Barclays bought 54 percent of Absa in 2005 for $4.5 billion.
Straumann plunged 13 percent to 108.80 francs, its lowest price since April 2003. The world’s biggest maker of dental implants reported first-half Ebit of 53.3 million francs, missing the average analyst estimate of 59.3 million francs. The company said it does not expect demand to recover in Europe in the short term.
Nobel Biocare Holding AG (NOBN), the world’s second-largest maker of dental implants, slipped 1.1 percent to 9.17 francs.
Telekom Austria AG (TKA) slid 3.9 percent to 6.45 euros, its lowest price since May 2001.
Oil rose to a three-month high amid speculation that euro zone leaders will be able to make progress in resolving the debt crisis in the region at the meetings this week.
Futures rose 1.7% after it, as German Chancellor Angela Merkel said that the possibility of some concessions to Greece. Recall that Merkel and French President Francois Hollande is due to meet in Berlin on August 23, before the separate talks with Greek Prime Minister Antonis Samaras.
Against the background of Standard & Poors index to its highest closing level in four years, and the appreciation of the euro against the dollar to its highest level since July 5 has increased the attractiveness of oil as a tool for investment.
Prices also rose ahead of reports from the U.S., which will be presented this week and can show that the U.S. economy starts growing after the recession in the second quarter.
September futures price of U.S. light crude oil WTI (Light Sweet Crude Oil) on the NYMEX is now $ 97.31 per barrel.
September futures price of North Sea Brent crude oil mix is now $ 115.00 a barrel on the ICE Futures Europe Exchange.
Gold futures rose to an 11-week high due to the increased probability of the introduction of new measures by the European Central Bank to resolve the ongoing debt crisis in the region.
Also, market participants are awaiting publication of the minutes of the meeting FOMC, which is expected tomorrow, and may shed light on how soon do another round of quantitative easing.
Rising gold prices accelerated after breaking key technical resistance level at a value of $ 1633 per ounce, causing automatic buy orders amid bullish signals on the chart.
Also positively influenced by the price of gold today conducted auction of treasury bills in Spain. It is learned that Spain has placed T-bills in the amount of 4.515 billion euros against the planned 3.5-4.5 billion euros
Meanwhile, investors expect a series of upcoming meetings of the leaders of the euro zone, amid hopes that they will give us something to help solve the debt crisis.
The cost of the August gold futures on the COMEX is now 1637.5 dollars per ounce.
U.S. stock futures advanced amid speculation that euro-area leaders will make progress in resolving the region’s debt crisis at meetings this week.
Global Stocks:
Nikkei 9,156.92 -14.24 -0.16%
Hang Seng 20,100.09 -4.18 -0.02%
Shanghai Composite 2,118.27 +11.31 +0.54%
FTSE 5,844.87 +20.50 +0.35%
CAC 3,505.16 +24.58 +0.71%
DAX 7,072.83 +39.15 +0.56%
Crude oii $97.08 +1,16%
Gold $1638.60 +0.96
Data
01:30 Australia RBA Meeting's Minutes -
03:00 New Zealand Expected Annual Inflation 2y from now Quarter III +2.4% +2.3%
03:00 New Zealand Credit Card Spending July +4.6% +0.1%
04:30 Japan All Industry Activity Index, m/m June -0.3% +0.3% +0.2%
08:30 United Kingdom PSNB, bln July 12.1 -2.8 -1.8%
10:00 United Kingdom CBI industrial order books balance August -6 -7 -21
The euro rose to a six-week high against the yen ahead of the meeting of regional leaders this week, where they will discuss the program for the fiscal stability of Greece.
The single currency rose sharply against the dollar, as the cost of Spanish debt fell today after the auction.
The dollar weakened against all but one of the 16 major currencies, against the background of declining demand for safe assets. Also, market participants are waiting for the release of data on housing sales, which will be presented tomorrow. It is expected that home sales rose last month.
The Australian dollar strengthened after the publication of Minutes of the meeting of the Reserve Bank of Australia, which showed that the internal market is showing signs of recovery, despite the weakness of the global economy.
The dollar index (DXY), which tracks the greenback against six major currencies, fell 0.4 percent to 82.134 today, after falling to 82.097, which is the lowest level since August 7.
EUR/USD: Trading in the pair shows a significant increase, and gradually approaching the resistance $ 1.2440
GBP/USD: pair rose sharply to a maximum of $ 1.5778 session, and then declined slightly and now stands at $ 1.5760
USD/JPY: during the course of the session fell below the minimum values of the previous day, and then was able to recover and is now trading in the maximum
At 12:30 GMT, Canada will present data on wholesale sales for June. At 18:00 GMT publication of the minutes of the meeting held FOMC. Finish the day at 23:50 GMT Japan publication of data on the adjusted trade balance for July.
EUR/USD
Offers $1.2500, $1.2485, $1.2460/65, $1.2445/50
Bids $1.2360, $1.2320, $1.2305/295
GBP/USD
Offers $1.5800/10, $1.5780
Bids $1.5730/20, $1.5705/00
AUD/USD
Offers $1.0550, $1.0530, $1.0520
Bids $1.0450, $1.0425
EUR/GBP
Offers stg0.7965/70, stg0.7920, stg0.7900/05, stg0.7880/85
Bids stg0.7850, stg0.7810/00
USD/JPY
Offers Y80.20, Y80.00, Y79.80, Y79.65, Y79.45/50
Bids Y79.25/20, Y79.10, Y79.00
EUR/JPY
Offers Y99.50, Y99.20, Y99.00
Bids Y98.10, Y97.75/70, Y97.50, Y97.20
There is currently no scheduled release of important macroeconomic data.
Today the head of the Eurogroup Jean-Claude Juncker, who is sent to the talks in Athens, Greek Prime Minister himself Antonis Samaras will visit Berlin on Friday, and German Chancellor Angela Merkel on Thursday to hold talks with French President Francois Hollande.
Spanish government debt securities are growing up a little bit, the yield is reduced by 1.25%, to 6.34%. Similar dynamics in bonds and Italy.
German papers, which are considered the most reliable, conversely, lose in price, and its yield, respectively, growing by 4.33% and amounts to 1.57%. The yield on 10-year securities of France also growing up, though not as significant by just 1%, and is 2.15%.
To date:
FTSE 100 5,839.56 +15.19 +0.26%
CAC 40 3,501.12 +20.54 +0.59%
DAX 7,057.34 +23.66 +0.34%
EUR/USD $1.2400, $1.2450, $1.2250
USD/JPY Y79.25, Y79.15, Y79.00
EUR/JPY Y98.00
AUD/USD $1.0350, $1.0570
NZD/USD $0.8100, $0.8150
Asian stocks rose, with the regional benchmark index heading for a three-month high, as China moved to alleviate a cash crunch and ahead of U.S. reports that are expected to show the world’s biggest economy is improving.
Nikkei 225 9,156.92 -14.24 -0.16%
S&P/ASX 200 4,383.4 +19.11 +0.44%
Shanghai Composite 2,115.36 +8.40 +0.40%
Taiwan Semiconductor Manufacturing Co., the world’s biggest contract manufacturer of computer chips, gained 1.5 percent in Taipei.
Asia Pacific Breweries Ltd. jumped 4.8 percent in Singapore after Heineken NV raised its offer for a controlling stake in the maker of Tiger beer.
PICC Property & Casualty Co. advanced 6.1 percent in Hong Kong after China’s biggest non-life insurer posted higher first-half earnings.
The euro remained higher before Luxembourg Prime Minister Jean-Claude Juncker visits Greece tomorrow to discuss the country’s request for an extension to its fiscal adjustment program. Juncker, who also heads the group of euro-area finance ministers, will discuss a request by Greece’s Prime Minister Antonis Samaras for a two-year extension to the indebted nation’s fiscal adjustment program when he visits Athens. Samaras travels to Berlin and Paris on Aug. 24 and 25 after French President Francois Hollande and German Chancellor Angela Merkel meet in the German capital on Aug. 23.
The 17-nation currency headed for an advance versus most of its 16 major counterparts this month after Spain’s benchmark yields slid to a seven-week low, supporting the outlook for a bill auction today. Demand for the euro was tempered after Germany’s Bundesbank criticized European Central Bank bond buying.
Australia’s dollar climbed after minutes of the Reserve Bank’s last meeting showed that policy makers see domestic growth overshadowing a “fragile” global outlook.
EUR / USD: during the Asian session, the pair rose to $ 1.2360.
GBP / USD: during the Asian session, the pair rose $ 1.5720.
USD / JPY: during the Asian session the pair fell to the previous day's low.
Yesterday the euro fluctuated against the dollar at a time when the Bundesbank in Germany showed dissatisfaction about the plan of the European Central Bank.
The single currency rose after the Greek Foreign Minister Dimitris Avramopoulos said that his government will present the budget reports, which show that the improvement in Greece was caused by the international financial assistance.
The Australian dollar rose against all major currencies, as the demand for higher-yielding assets.
Also on the increase in value of the currency has affected the possible prospect that the ECB will try to limit bond yields.
Growth also showed the New Zealand dollar in relation to the fact that there is a chance the Federal Reserve will refrain from any further monetary stimulus, which could weaken the dollar.
Asian currencies weakened against the worsening debt crisis in Europe and the slowdown in the Chinese economy, which worsens the prospects for foreign sales in the region.
Asian stocks rose, with the region’s benchmark index set for a third weekly gain, after U.S. housing permits rose to a four-year high, helping temper concerns about the strength of a global recovery.
Nikkei 225 9,162.5 +69.74 +0.77%
S&P/ASX 200 4,370.1 +39.93 +0.92%
Shanghai Composite 2,114.89 +2.69 +0.13%
Santos Ltd. climbed 3.2 percent after the Australian energy explorer said it will begin sales from a shale gas project in October.
Mitsubishi UFJ Financial Group Inc., Japan’s largest publicly traded lender, rose 2.2 percent as German Chancellor Angela Merkel backed the European Central Bank’s conditions for assisting indebted countries.
Samsung Electronics Co., an electronics exporter, fell 3.7 percent in Seoul after resting its case in a patent-infringement trial with Apple Inc.
European (SXXP) stocks fell as Germany’s Bundesbank criticized a European Central Bank plan to lower the region’s sovereign yields through bond purchases, highlighting the rift among policy makers over ways to end the debt crisis.
Lonmin Plc (LMI) slid 4.6 percent on reports it may raise $1 billion in a rights issue after operations at its biggest mine were halted amid deadly violence, the Sunday Times reported. Bankia (BKIA) SA fell 4.6 percent. Heineken NV (HEIA) climbed 1.6 percent after it raised its offer for Asia Pacific Breweries Ltd. Banca Monte dei Paschi di Siena SpA led gainers, jumping 5.1 percent.
The Stoxx 600 dropped 0.5 percent to 271.50 at the close of trading.
National benchmark indexes fell in 16 of the 18 western European markets.
FTSE 100 5,824.37 -28.05 -0.48% CAC 40 3,480.58 -7.80 -0.22% DAX 7,033.68 -7.20 -0.10%
Lonmin lost 4.6 percent to 610 pence, dropping for a sixth day. The world’s third-biggest platinum miner may raise $1 billion in a rights issue as soon as next month after operations at its biggest mine were halted amid deadly violence citing people close to the situation it didn’t name.
Xstrata Plc (XTA), which owns a 25 percent stake in Lonmin, has signaled that it’s ready to cover its part of the deal, the newspaper said. Xstrata fell 3.4 percent to 907.5 pence. Separately, Deutsche Bank downgraded Lonmin shares to sell from neutral.
Eurasian Natural Resources Corp. (ENRC), a producer of metals in Kazakhstan, fell 3.4 percent to 357 pence. The stock was cut to neutral from outperform at Credit Suisse Group AG.
Credit Agricole SA (ACA) dropped 4.9 percent to 4.10 euros as a gauge of bank shares led declines on the Stoxx 600.
Michael Page International Plc (MPI), a U.K. recruitment company, lost 3.2 percent to 371.1 pence. The stock was cut to sell from neutral at Goldman Sachs Group Inc.
Heineken gained 1.6 percent to 43.84 euros. The world’s third-largest brewer raised its offer for a controlling stake in Asia Pacific Breweries to S$5.6 billion ($4.5 billion).
Banca Monte dei Paschi di Siena jumped 5.1 percent to 22.7 euro cents, paring gains of as much as 17 percent. The world’s oldest bank may become the first Italian lender since the 1990s to have the government as a shareholder as the company weighs further goodwill writedowns.
Home Retail Group Plc (HOME), the owner of Argos stores, gained 3.6 percent to 96.3 pence. The shares were upgraded to hold from sell at Deutsche Bank.
Amlin Plc (AML) climbed 2.1 percent to 389.1 pence. The insurer reported a first-half pre-tax profit of 184.5 million pounds ($289 million) compared with a 192.3 million pound loss in the same period last year.Change % Change Last
Oil 95.94 -0.03 -0.03%
Gold 1,624.20 +1.20 +0.07%Change % Change Last
Nikkei 225 9,171.16 +8.66 +0.09%
S&P/ASX 200 4,364.3 -5.80 -0.13%
Shanghai Composite 2,106.81 -8.09 -0.38%
FTSE 100 5,824.37 -28.05 -0.48%CAC 40 3,480.58 -7.80 -0.22%
DAX 7,033.68 -7.20 -0.10%
Dow 13,271.72 -3.48 -0.03%
Nasdaq 3,076.21 -0.38 -0.01%
S&P 500 1,418.10 -0.06 -0.00%
(pare/closed(00:00 GMT +02:00)/change, %)
EUR/USD $1,2345 +0,11%
GBP/USD $1,5710 +0,10%
USD/CHF Chf0,9726 -0,09%
USD/JPY Y79,48 -0,09%
EUR/JPY Y98,12 +0,01%
GBP/JPY Y124,84 +0,02%
AUD/USD $1,0441 +0,23%
NZD/USD $0,8088 +0,19%
USD/CAD C$0,9884 -0,08%
01:30 Australia RBA Meeting's Minutes -
03:00 New Zealand Expected Annual Inflation 2y from now Quarter III +2.4%
03:00 New Zealand Credit Card Spending July +4.6%
04:30 Japan All Industry Activity Index, m/m June -0.3% +0.3%
08:30 United Kingdom PSNB, bln July 12.1 -2.8
10:00 United Kingdom CBI industrial order books balance August -6 -7
12:30 Canada Wholesale Sales, m/m June +0.9% +0.4%
18:00 U.S. FOMC meeting minutes -
23:50 Japan Adjusted Merchandise Trade Balance, bln July -300.8 -460.0
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