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Friday, 20 December 2019
US Dollar May Rise on PCE Data and Trade War Optimism
UK GfK Consumer Confidence Improves In December
UK consumer confidence improved in December on rising optimism about economic activity, survey results from the market research group GfK showed Friday.
The consumer sentiment index rose three points to -11 in December as four measures increased, and one measure decreased from the previous month.
Joe Staton, client strategy director at GfK, said "There's a clear sense of a change in consumer sentiment this month."
"The Overall Index Score has failed to break into positive territory for the past four years due to confusion and uncertainty about the future direction of the UK," Staton added.
"A great many people will be gazing into their crystal balls right now; ours indicates a rebound in confidence in 2020 based on renewed optimism and energy for a post-Brexit Britain," said Staton.
The index measuring changes in personal finances over the last year fell three points to -3, while the forecast for personal finances over the coming year climbed two points to +3.
The measure for the general economic situation of over the last year increased three points to -31 and expectations gained seven points to -27.
The major purchase index advanced three points in December to +3. At the same time, the savings index was unchanged at +18.
The material has been provided by InstaForex Company - www.instaforex.com
source http://www.mt5.com/forex_news/quickview/2148738/
Japan Inflation Rises In November
Japan's consumer price inflation accelerated in November after the sales tax hike but remained well below the central bank target.
Core inflation that excludes fresh food rose to 0.5 percent in November from 0.4 percent in October, data from the Ministry of Internal Affairs showed Friday. The rate came in line with expectations.
Overall consumer price inflation also came in at 0.5 percent, up from 0.2 percent a month ago and in line with forecast.
Headline inflation rose sharply in November but it will moderate over the coming months as capacity shortages diminish, Tom Learmouth, an economist at Capital Economics, said. But the economist said he is not convinced that the Bank of Japan will respond by cutting interest rates.
The economist expects underlying inflation to moderate to around 0.5 percent by mid-2020 as the unemployment rate climbs and capacity utilization falls.
Excluding fresh food and energy, inflation accelerated to 0.8 percent from 0.7 percent a month ago.
Although October's sales tax hike lifted inflation, it has curbed the consumer spending.
The Bank of Japan, on Thursday, left its massive monetary stimulus unchanged on Thursday and maintained its upbeat view on economy.
The BoJ reiterated that it will ease policy further if there is a greater possibility that the momentum toward achieving the 2 percent price stability target is lost.
The material has been provided by InstaForex Company - www.instaforex.com
source http://www.mt5.com/forex_news/quickview/2148737/
European Economics Preview: UK Revised GDP, Public Sector Finance Data Due
Revised quarterly national accounts and public sector finance from the UK are due on Friday, headlining a busy day for the European economic news.
At 2.00 am ET, Germany's GfK consumer confidence survey results are due. The forward-looking consumer sentiment index is seen at 9.8 in January versus 9.7 in December. Also, unemployment from Finland and consumer confidence from Turkey are due.
At 2.45 am ET, producer prices and consumer spending figures are due from France. Economists forecast spending to climb 0.3 percent on month in November, faster than the 0.2 percent increase in October.
At 3.30 am ET, Sweden retail sales data is due from Statistics Sweden. Economists expect sales to grow 0.2 percent on month in November, the same rate as seen in October.
At 4.00 am ET, the European Central Bank releases euro area current account data for October.
In the meantime, Italy's Istat publishes economic sentiment survey results and Statistics Poland issues retail sales data.
At 4.30 am ET, the Office for National Statistics is scheduled to issue UK revised GDP, public sector finance and business investment figures. The economy is expected to grow 0.3 percent in the third quarter, as initially estimated.
The UK budget deficit is seen at GBP 6.1 billion in November versus GBP 11.2 billion in October.
At 10.00 am ET, European Commission is slated to issue flash consumer confidence survey results. The euro area consumer sentiment index is forecast to rise to -7.1 in December from -7.2 in November.
The material has been provided by InstaForex Company - www.instaforex.com
source http://www.mt5.com/forex_news/quickview/2148736/
*Malaysia Nov CPI Up 0.1% On Month
Malaysia Nov CPI Up 0.1% On Month
The material has been provided by InstaForex Company - www.instaforex.com
source http://www.mt5.com/forex_news/quickview/2148735/
*Malaysia Nov Inflation 0.9% Vs. 1.1% In Oct, Consensus 1.1%
Malaysia Nov Inflation 0.9% Vs. 1.1% In Oct, Consensus 1.1%
The material has been provided by InstaForex Company - www.instaforex.com
source http://www.mt5.com/forex_news/quickview/2148734/