Anlitiki Royalmaxbrokers believe that the concerns about the European debt crisis subsided somewhat in the Friday, April 20, after it became known that the finance ministers and heads of central banks of the Big Twenty and emerging economies said they would increase the IMF's resources by $ 430 billion. Despite the fact that it is less than $ 600 billion, which requested the Managing Director of the Fund, Christine Lagarde, the news was seen as a breakthrough.EUR / USD traded in the wake of positive reached levels around 1.3230, but today's Asian session, dropped slightly, stepping back below 1.3200 resistance is not against the presidential elections in France.According to the results of the first round, the incumbent president Nicolas Sarkozy is behind his "left" rival Francois Hollande in the 2-3% of the vote.The second round of elections to be held on 6 May will decide whether Sarkozy will remain in office for a second term.The Left, led by Hollande in favor of a revision of some agreements on the budget and fiscal policy, which may cause differences in the EU, especially Germany.
GBP / USD pair added compared with 0.4% on Friday morning, reaching 1.6120.The Japanese yen once again in demand as a safe asset in the background of the last elections in France - the quotation USD / JPY fell to 81.40.
European stocks closed the session on Friday an increase from 0.4% to 1.2%, their American "colleagues" gained 0.1% to 0.5%, while the "high-tech» Nasdaq Composite fell to 0,24% to 3000.45.
preliminary manufacturing PMI in China from HSBC, released today, signaled that manufacturing in China may continue to shrink the 6th consecutive month.The index was above 48.3 in March and amounted to 49.1, which is still below the key level of 50 points. Royalmaxbrokers notes that the economic slowdown and decline in production in the second largest economy of the world is putting pressure on the authorities in the face of Chinese Prime Minister Wen Jiabao, adding bases to further stimulate economic activity.Asian stocks end the trading session today in the red on a background of Chinese data and the results of the 1st round of elections in France, despite the positive from the IMF.
Posted morning PPI Australia once again confirmed in the view of the economic situation of the country: the prices in the manufacturing sector rose in March by only 1.4% in annual terms, compared with an increase of 2.9% in Marchprognosis and 2.2%.On a monthly basis, and they all fell by 0.3%, while expected to grow by 0.4%.AUD / USD has already reacted to the decline from the 1.0360 1.0330 - 1.0340.You can almost be sure that tomorrow, the data on consumer prices show a similar trend, giving the Reserve Bank of Australia at a meeting in May with a clear conscience the ability to continue to lower interest rates.
Read more
