Investiční bankovnictví (Komerční banka)
World markets  |  August 30, 2012 08:32:00

ECB chief with words again supported the euro

Euro against the dollar on Wednesday, slightly faded, exchange rate movements, however, were rather small in nature. Even in the morning with the USD / EUR found at around 1.2560, at five o'clock in the afternoon it was slightly above 1.2520. This morning, however, the euro against the dollar traded again just below 1.2560 USD / EUR. Euro loses too thanks to the fact that the market expects the ECB stronger action to rescue the eurozone. This expectation was supported in Wednesday's German newspapers, in which the ECB chief Draghi M. mentioned that the bank must sometimes impose emergency measures.

Yesterday's U.S. data disappoint. U.S. GDP for the second quarter was revised up from 1.5% q / q to 1.7% (annualized) in the same direction and the same amount was revised and personal consumption (GDP upward revision for the may even government consumption and net exports) .On the other hand, inventories were revised downwards (from the positive contribution of 0.32 percentage points to 0.23 pp), which facilitates the dynamics of GDP in the third quarter. They were published and forthcoming sale of real estate (2.4% m / m), Italian and German retail inflation, which surprised her more dynamics. For this, however, there were fuel and heating oil. Food does not grow significantly, as suggested prices of agricultural commodities on world markets. According to our colleagues from SG but food prices are sure to rise in coming months and headline inflation should increase by 0.2 to 0.3 percentage points.

Today will be published in the Eurozone confidence indicators and Germany, the unemployment rate for August (expected stagnation).In the U.S. it will be data on personal income and spending for July (SG colleagues expect both indicators increased by 0.3% m / m) and new applications in unemployment, which has so far held securely below 400 thousand.

Author: Jiri Skop

Tyto zprávy pro vás vytváří Investiční bankovnictví KB.
Was this article: 10 | 8 | 6 | 4 | 2 | 0

Last news from the section World markets:

Út 22:00  Closing Bell & výhled na 21. 2. - co přinese zítřejší FOMC? Grant Capital (Grant Capital)
Út 16:14  Akcie Walmartu po výsledcích za 4Q17 klesají o 9% Vladimír Urbánek (
Út   9:35  Výsledky HSBC ve 4Q17 překonaly odhady Research (J&T BANKA)
Út   9:27  VW nevylučuje letošní IPO své nákladní divize Research (J&T BANKA)

Read also:

October 18, 2016Bude ECB následovat FED a podpoří hodnotu eura? TopForex (TopForex)
December 03, 2015Uvolní ECB dále svoji měnovou politiku a co to udělá s EUR/USD? Research (
July 15, 2014Euro navzdory šéfovi ECB posílilo Investiční bankovnictví (Komerční banka)
July 27, 2012ECB Chief supported the course of the common European currency Investiční bankovnictví (Komerční banka)

Šéf ECB svými slovy opět podpořil euro

Diskuze a názory

Na dané téma nejsou žádné názory.

Zobrazit sloupec 
Moner | ISIN database | Weather forecast
Česká verze - Akcie cz, kurzy měn, forex, zlato.
Favorite: Prague Stock Exchange Czech crown Czech economy Commodities Gold Trademarks Prague Weather

Copyright © 2000 - 2018, spol. s r.o., AliaWeb, spol. s r.o.,

ISSN 1801-8688