BOSSA.CZ (BOSSA.CZ)
Markets  |  April 10, 2013 08:55:00

EURO strongly reinforces, industrial production, however, offered conflicting results


French industry has surpassed expectations, though mom measurement greatly enhanced. Industrial production increased by 0.7 percent and correct as of January drop of 0.8 percent. A good result is mainly due to increased production of transport equipment and refining. Economists expected a 0.2 percent rise. France is the second largest economy in the euro area and recently got used to its economic data rather disappoint. For this reason, the number of markets pleasant and encouraging surprise.

Italian industrial production was negatively surprised markets when, in February fell by 0.8 percent and did not make a successful January, where the revised results grew by 1 percent. Economists expected a drop of 0.5 percent.Production of the Italian economy experienced a 0.2 percent contraction in the first quarter and probably Italy remains in a recession that has lasted for six quarters.

Euro currency index BOSSAEUR continues in a steep growth. Market surpassed 127,129 strong resistance and the pace could strengthen to 128.66. Rapid growth, however, is often followed by strong sell-off and so would caution traders had seen the marked level. The oscillators are in overbought zones and would like to relieve the pressure of shoppers.

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