Demand of expensive goods in USA decreased in April
Demand of expensive goods in USA decreased in April, due to lower requests in Aviation, but the index of capital expenses is signing increase and in this way shows, thata there is stablilazing of the business sector in the economy. This is important for the whole financial structure of USA, because the recesion can be avoided, accrding to many analyzers. The demand of long term goods decreased with 0.5% for April to the level of 214.42 billions US Dollars in data from the Government of employment. The long term goods had a final date more than 3 years. The long term good, had decreased with 0.3% on monthly base for March, which is lower revision in comparison with the previous increase with 0.1%. The expectings of the market were for higher decrease, and the economists predicted it to be nearly 2%.
The basic index of capital expenses, orders of basic goods for production outside the defence, in April had increased with 4.2% after the decrease with 1.0% in March. The devliveries in April for basic goods except those for aviation, increased with 0.5% after the decrease of 0.8% in March. These deliveries are used for calculation Gross Domestic Product and also are basic index for economy ectivity in USA.
Labels: Financial News
Lower prices of the petrol
The price of the petrol is going down to one week bottom today, and in this way continue cutting a too long possitions from speculative brockers. Thsi tendention started yeasterday, and sighted the decrease of the petrol price. The pretty hurt user support of Americans was in the basic of started petrol correction, when the price of a gallon fuel in USA reached the top 4$. This is a tradition in the end of May the fuel prices of increase due to the holliday season and active driving.
"Too expensive fuels now can be felt by normal Americans", commented British analyzer in frontt of Bloomberg. "User's seaching is not only in USA, but also in Germany and France and reached a record bottoms, which should be supported additional cheapening of the petrol, continued the analyzer.
The price of barel crude oil from the type "American Light" at the moment is about the levels of 126.40 US Dollars or nearly 2.5 US Dollars cheaper than the levels of yeasterday. In Tuesday the cruide oil lost more than 3$ from its price, after the record of 22nd May - 135.09 US Dollars per barel.
Labels: Financial News
Russia with 21% investments in USA
Just 3 month ago, the second man in the Central Russian Bank, Alexay Ulukaev convinced the society, that in securities are invested only some percents from Gold-Currency reserves of the country. But in fact the part is pretty bigger, wrote "Vedomosti". In the project of yearly financial report of Russian Central Bank for 2007, was writte, that for the 1st January, 2008 in obligations of Fannie Mae, Freddie Mac and Federal Home Load Banks were invested 2.48 trillion rubles, which is nearly 100.8 billions of USD.
To 9th May, this year, Gold-Currency reserves of the Russia are 536.8 billions USD, and according to the fact, that at the begining of the year, they were 476.4 billions USD, "some" percents in the words of Alexey Ulukaev are 21%.
Really, the owned from Russians activities have no cannetion with subprime mortgages, because Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac) are supported from the American Government.
Labels: Financial News
Users' prices in USA with small decrease
The users prices in USA had decreased with less than expectings and in this way keep the predictions, that slower economy growing is leading to decrease of inflation in spite of increasing prices of energy and food products. The data will decrease the embarrassments, showed in last days from FED in the last days due to the inflation. The index of users' prices had increased with 0.2% on monthly base in data from Ministry of Employment. The basic inflation, which is not including the prices of foods and energy products had decreased with 0.1%, and the expectings for the market were for 0.2% increase of the couple types of inflation.
The users' prices had increased with 3.9% on yearly base, which is a little bit down according to datas for the previous month. The basic inflation signed slow increase of 2.3% in comparison with April 2007 and on quarter base the inflation had grown with 1.2% on yearly base. The yearly growing of inflation is a little bit over the one wanted from Federal Reserve with neraly 1.5% to 2.0%.
Labels: Financial News
Decrease of Eurozone economy
The industrial production in the Eurozone has a higher delay than expected in March. That happens most probably because of the high productional level of energy products, which was not able to compensate weaker production of other sectors.
The fabric production had decreased with 0.2% on monthly base and the yearly base the increase is 2.0%. Just in comparison with February, when the increase on monthly base was 0.3% and on yearly base the growing of the sector was revised 3.1% on yearly base. The expectings for March, were for decreasing, just a little less than the real data.
The data is signing, that may be the industrial sector in the Eurozone became to feel the influence of delay in the world economy and the force of EUR. In spite of everything, this will not change the current possition of European central Bank, which is keeping the basic interest level of 4.0% for next months due to the high inflation in the region.
On monthly base the data is showing increase of energy production with 2.7% in March, after the increase of 1.4% for the previous month. On that base production of basic goods for industry, users and short term goods was decreased. All the data is from the official statistic agency of the Eurozone - Eurostat.
Labels: Financial News
Alan Greenspan: "The American Economy will feel just ight recession"
The economy data of USA are giving a clear signal for entering into recesion. That is not so dangerous, because the now situation is just controled, and according to famoust American economist Alan Greenspan, the recesion of American economy will be light. Alan Greenspan commented the American economy in front of Asian Investors today.
"Greenspan told, that everything is sighting to light and avarage American recesion, for the economy, and the greatest problem is the mortgage and real estate sector, where the crysis is largest", commented one of the participants in the video conferation.
Just a month ago, the previous chief of Federal Reserve, told that he expect "Extremely hard recession". And then he commented, that the situation will get better, when the market of real estates is stable. According to Alan Greenspan the problems of financial sector will continue to the beginning of 2009, but the price of real estates will get stables months before this.
The American economy at the moment is in delay, and some analyzers claim, that it is now in recesion in spite of oficial data of 0.6%, growing of Gross Domestic Product for the first quarter. The Federal Reserve decresed the interest level with 3.25 percent points for less than half an year, and at the moment the interest level is on 2.0%.
The prices in world rate continue to grow, due to extremely high value of the petrol and foodstuffs, as for getting more expensive Chinese production.
Labels: Financial News
Enel Group announced the financial results for the quarter of 2008
The board of Directors of Enel, approved financial results for the first quarted of the year 2008. The incomes had increased with 55% in comparison with the same period of the previous year.
Due to the financial results of the company, Fluvio Conti, the director of Enel, commented: "The continuous growing of indexes on Italian market, as the developing of international operations, allowed us to predict, that operational results for 2008 will be higher than thos in 2007."
For the first quarter of 2008, the electricity producted from Enel Group is 57.9 TWh, as from them 16.2% are from Nuclear Central, 27.5% are from renewed sources (water, wind, geotermal and biomass).
Labels: Business News
