HYIP Surf Talk - HYIP, Forex, Money Exchange & Investment Forum

European Economic Preview: BoE Minutes, U.K. Claimant Count Due


The minutes of Bank of England's monetary policy meeting and U.K. claimant count figures are due on Wednesday.
At 3.00 am ET, Czech producer price data is due. Economists forecast producer price inflation to remain at 1.7 percent in June.
At 4.30 am ET, the Bank of England is scheduled to release the minutes of the Monetary Policy Committee meeting held on July 4 and 5. The central bank raised its quantitative easing by GBP 50 billion to GBP 375 billion and retained its record low 0.50 percent interest rate at its July meeting.
In the meantime, the Office for National Statistics is set to publish U.K. claimant count data for June. The number of people claiming jobseeker's allowance is forecast to increase by 5,000. The jobless rate for three months to May is seen at 8.2 percent.
Switzerland's ZEW investor confidence survey results and Italy's current account reports are due at 5.00 am ET.
Germany plans to sell zero percent Federal Treasury notes maturing on June 2014. The results of the auction are due at 5.30 am ET.
At 8.00 am ET, Poland's industrial output and producer prices are due. Industrial production is expected to grow 4.1 percent annually, following a 4.6 percent rise in May. Producer price inflation is seen slowing to 4.7 percent from 5 percent a month ago.
More FOREX-news on pages InstaForex.Com

ADB Says Emerging Asia Needs Closer Ties To Offset Risks Of Economic Integration

Developing Asian economies need more co-operation to counter the risks emanating from economic and financial integration, the Asian Development Bank (ADB) said in a report on Thursday.
In its new report titled Asian Economic Integration Monitor, the lender said close integration speeds up the transmission of a crisis in one country to another as has been seen recently in Europe. In addition, greater integration may increase the income inequalities within countries even as it reduces the inequalities between countries.
With integration rising and set to continue in Asia, the region's governments need to cooperate more to offset these risks, the report said.
"Developing Asia's strong economic growth is in large part due to increased economic and financial ties within the region but greater integration can bring contagion and other risks and we must address those threats through closer cooperation," said Iwan Azis, Head of ADB's Office of Regional Economic Integration.
To offset the risks from greater integration, ADB proposed a number of measures to be implemented by Asian governments, including strengthening safety nets like the swap arrangements, building more transport links and improving its policy, regulatory and institutional frameworks.
Meanwhile, it noted that internationalizing the renminbi is likely to boost regional cooperation and integration, particularly in East and Southeast Asia.
The report said that the external environment for Asia has worsened given Europe's continuing sovereign debt and banking crisis, and the weak US economic recovery. Destabilizing capital flows and a larger-than expected slowdown in China are also major risks to the region's economic outlook.
ADB forecasts developing Asia to grow 6.6 percent in 2012 and 7.1 percent in 2013.
More FOREX-news on pages InstaForex.Com

European Economics Preview: U.K. Public Finance Data Due

Public finances from the U.K. and producer prices from Germany are the major reports due on Friday, headlining a light day for the European economic news.
At 2.00 am ET, Germany's producer prices for June are due. Producer price annual inflation is seen easing to 1.8 percent in June from 2.1 percent in May. On a monthly basis, producer prices are expected to drop 0.2 percent.
France's leading index for May is due from the Conference Board at 4.00 am ET. The leading index fell 0.1 percent, while the coincident index remained flat in April.
At 4.30 am ET, the Office for National Statistics is set to publish U.K. public finances for June. Public sector net borrowing is seen at GBP 13.4 billion compared to GBP 17.9 billion in May.
Poland's net consumer prices for June are due at 8.00 am ET. Net annual inflation is expected to rise to 2.4 percent from 2.3 percent in May.
Later today, Eurozone finance ministers will meet in Brussels to discuss Spanish bank bailout. Ministers are expected to sign an agreement on the proposed financial assistance to recapitalize Spain's troubled banks.
More FOREX-news on pages InstaForex.Com

Japan Govt: To Work Decisively With BoJ To Address Deflation, Yen Appreciation

The Japanese government on Monday vowed to work "decisively" with the Bank of Japan to prevent the adverse impacts of yen appreciation and deflation on the economy.
"The government will also make an utmost effort to prevent the economy from falling into vicious cycle between yen appreciation and deflation," the government said in a monthly report published by the Cabinet Office.
"The government will decisively work together with the Bank of Japan toward the exit from deflation which is the biggest challenge of Japanese economy in the short term," the report said.
Prime Minister Yoshihiko Noda held talks with Bank of Japan Governor Masaaki Shirakawa in Tokyo earlier on Monday as the yen gained further ground against euro amid worries over Spanish banking sector despite Eurogroup's approval of the bailout deal last week.
The euro fell below JPY 95 in Asian trade on Monday to its weakest level since November 2000. Meanwhile, Finance Minister Jun Azumi reportedly said that he is watching the currency moves closely and will take decisive steps to counter excessive yen gains.
Toward defeating deflation, reforming the economic structure predisposed to deflation is essential along with appropriate macroeconomic policy management, the government said in the monthly report.
Accordingly, it will deploy a broad range of policy measures intensively by fiscal 2013 "to mobilize goods, people, and money." The government said it expects the central bank to continue powerful monetary easing until the economy exits deflation. The BoJ has set an inflation target of 1 percent.
According to the report, movements toward sound economic recovery in the Japanese economy are expected to take hold in the short-term due to reconstruction demand. However, there are widespread concerns about further slowdown of overseas economies and a high degree of uncertainty persists about the prospects of the Eurozone debt crisis.
The report noted that these circumstances, including negative effects that could stem from sharp fluctuations in the financial markets are downside risks to the Japanese economy. Constraints of electric power supply is another risk to the outlook, it said.
More FOREX-news on pages InstaForex.Com

Hong Kong's Trade Deficit Widens In June

Hong Kong's merchandise trade deficit increased from last year in June, data released by The Census and Statistics Department showed Tuesday.
The trade deficit increased to HK$44.705 billion in June from HK$40.261 billion in the same month last year. Economists were looking for a shortfall of HK$39.5 billion.
Export of goods decreased 4.8 percent year-on-year to HK$278.228 billion in June. The value of re-exports decreased by 4.7 percent annually, while domestic exports fell by 10.3 percent. Compared to May, overall shipments were lower by 5.5 percent during the month.
The value of imports declined by 2.9 percent annually to HK$322.932 billion during the month. Month-on-month, arrivals decreased 2.2 percent in June.
In the first half of 2012, the value of total exports of goods edged up 0.3 percent compared to the same period last year, while imports increased by 1.4 percent, data showed.
Больше FOREX-новостей на страницах InstaForex.Com

European Economics Preview: U.K. GDP, German Ifo Business Confidence Due

Quarterly national accounts from the U.K. and business sentiment from Germany are the major reports due on Wednesday, headlining a busy day for the European economic news.
At 3.30 am ET, Statistics Netherlands is scheduled to release producer confidence survey data. The sentiment is expected to improve to -4.7 in July from -4.8 in June.
At 4.00 am ET, Germany's Ifo business confidence is due. Economists forecast business sentiment to fall to 104.5 from 105.3 in June. At the same time, current assessment and expectations are seen easing to 113 and 96.8, respectively.
The Office for National Statistics is set to publish first estimate for the first quarter U.K. GDP at 4.30 am ET. The economy is forecast to contract 0.2 percent sequentially after falling 0.3 percent in the prior quarter.
Germany is set to hold a long-term debt auction to raise EUR 3 billion. The results are due at 5.30 am ET.
At 6.00 am ET, the Confederation of British Industry is slated to release Industrial Trends survey results for July. The order book balance is seen at -10 percent, up from -11 percent in June.

More FOREX-news on pages InstaForex.Com

European Economics Preview: Germany's GfK Consumer Sentiment Data Due

Consumer confidence from Germany is the major report due on Thursday, headlining a light day for the European economic news.
The market research group GfK is set to publish German consumer sentiment survey results at 2.00 am ET. The forward-looking index is expected to remain at 5.8 in August.
In the meantime, Germany's import prices are due. Economists forecast import prices to rise 1.9 percent annually in June after increasing 2.2 percent in May.
At 3.15 am ET, Sweden's economic tendency survey results are due. The index is seen easing to 98 in July from 98.7 in June.
Statistics Sweden is slated to publish producer prices for June at 3.30 am ET. Producer price inflation is seen at 0.4 percent in June, up from from 0.3 percent in May. Also, Sweden's trade balance and unemployment figures for June are due.
Half an hour later, the European Central Bank is set to release Eurozone M3 money supply for June. M3 money supply is expected to grow at a pace of 2.9 percent annually.
In the meantime, retail sales data from Poland and Italy are due. Italy's retail sales are forecast to drop 0.3 percent month-on-month in May, while Poland's retail sales are expected to rise 9 percent in June.
At 5.10 am ET, Italy's BTP auction results are due. The government plans to offer EUR 1.5 billion to EUR 2.5 billion zero coupon bonds.
More FOREX-news on pages InstaForex.Com

China Industrial Profits Dip For Third Month Amid Economic Slowdown

China's industrial firms reported a decline in their profits for the third month in a row as slowing economy dampened demand, the latest figures from the National Bureau of Statistics revealed Friday.
Profits declined 1.7 percent year-on-year in June to CNY 468.2 billion. This followed a 5.3 percent drop in May and 2.2 percent fall in April.
For the first six months of the year, profits dipped 2.2 percent annually to CNY 2.31 trillion. Total industrial revenue for the first half was 11.3 percent higher than the same period last year.
Official data showed this month that growth in China's industrial production slowed to 9.5 percent in June from 9.6 percent in May. The Ministry of Industry and Information Technology said this week that the foundation for stable industrial performance is fragile and downward pressures still remain.
China's economic growth eased to 7.6 percent in the second quarter, logging the weakest growth rate since the first quarter of 2009.
The International Monetary Fund expects China's economic growth to moderate to around 8 percent this year. The Fund has warned that China faces significant downside to its economic outlook, mainly due to weak global economic conditions.
More FOREX-news on pages InstaForex.Com

thanks for the news,, keep sharing..

Australia Sees A$9 Million Surplus In June


Australia posted a seasonally adjusted merchandise trade surplus of A$9 million in June, the Australian Bureau of Statistics said on Thursday.

That was well above forecasts for a deficit of A$375 million after posting a revised shortfall of A$313 million in May (originally A$285 million).

Exports were flat on month, coming in at A$26.629 billion, after rising 2 percent in the previous month.

Non-rural goods fell 3 percent or A$527 million, while non-monetary gold spiked 17 percent or A$246 million. Rural goods rose A$171 million (6 percent) and net exports of goods under merchanting rose A$1 million (5 percent). Services credits rose A$9 million.

Imports were down 2 percent on month to A$26.619 billion after collecting 3 percent a month earlier.

Intermediate and other merchandise goods fell 6 percent or A$568 million and consumption goods dropped 2 percent or A$124 million. Capital goods jumped A$338 million (6 percent) and non-monetary gold collected A$18 million (4 percent). Services debits fell dipped A$86 million (2 percent).

Also on Thursday, the ABS said that retail sales in Australia were up a seasonally adjusted 1.0 percent on month in June, standing at A$21.584 billion.

That topped forecasts for an increase of 0.7 percent on month after adding an upwardly revised 0.8 percent in May (originally 0.5 percent).

For the second quarter, retail sales climbed a seasonally adjusted 1.4 percent on quarter to A$62.562 billion.

That also beat expectations for a quarterly increase of 0.9 percent following the 1.8 percent gain in the previous three months.

Among individual components, food service was up 1.1 percent, followed by department stores (0.8 percent), food and clothing sales (0.5 percent each) and household goods retailing (0.1 percent).

By region, sales were up 1.1 percent in the Northern Territory, followed by New South Wales and Western Australia (each up 0.8 percent), Queensland (0.7 percent), South Australia (0.3 percent), the Australian Capital Territory (0.2 percent) and Victoria (0.1 percent). Sales fell 0.1 percent in Tasmania