German New orders in manufacturing in June 2016: –0.4% seasonally adjusted on the previous month

on , from destatis.de

Based on provisional data, the Federal Statistical Office (Destatis) reports that price-adjusted new orders in manufacturing had decreased in June 2016 a seasonally and working-day adjusted 0.4% on May 2016. For May 2016, revision of the preliminary outcome resulted in an increase of 0.1% compared with April 2016 (primary 0.0%). Price-adjusted new orders without major orders in manufacturing had increased in June 2016 a seasonally and working-day adjusted 0.9% on May 2016. In June 2016, domestic orders increased by 0.7%, while foreign orders decreased by 1.2% on the previous month. New orders from the euro area were down 8.5% on the ... (Read the full story)

Japan's Leading Index Remains Stable In June

on , from rttnews.com

Japan's leading index held steady in June, defying economists' expectations for an increase, preliminary survey data from the Cabinet Office showed Friday. The leading index that signals the future economic activity, came in at 98.4 in June, the same reading as in the previous month. Meanwhile, it was forecast to climb to 99.7. The coincident index that reflects the current economic activity rose to 110.5 in June from 109.2 in May. However, the score was below the expected level of 111.3. Similarly, the lagging index that indicates the past economic activity, increased from 111.5 to 112.0 in June. (Read the full story)

3 Numbers: US payroll gains to be enough for one hike this year

on , from tradingfloor.com

Today’s key event will be the US jobs report, but the actual impact of the report should remain limited. Investors have seemingly been getting long USD in the past few days in case of a monster jobs report, but the EURUSD is still range-bound. Meanwhile German factory orders and Britain's house price index will be the most interesting releases during the European session. The latter could turn out to be the day’s key report for traders. On top of the above releases, June industrial production data will be released for Spain and Italy. Germany June Factory Orders (0600 GMT). The very volatile but much-followed early warning signal ... (Read the full story)

ECB's Visco: It would be wise to be prepared for possible public aid for Italian banks - Livesquawk

on , from forexlive.com

ECB man and Bank of Italy head Ignazio Visco •Monti Del Paschi rescue plan is challenging but conditions are there for it to succeed •Banks must continue to reduce branches •It may be necessary to consider special measures beside current welfare support to cut staff •Seriousness of economic crisis Italy experienced can justify state support for banks •Expects government to continue to stick to commitment to reduce debt burden over output •To be honest, they'd have more luck flogging it at a car boot sale than their current attempts to get a rescue deal done. Now talking with his ECB hat on; •Nominal rates to remain ... (Read the full story)

BOJ's massive easing nears turning point

on , from nikkei.com

The Bank of Japan may have to make its monetary easing program both more aggressive and more flexible in the face of a looming liquidity problem in the bond market. Markets have been jittery ever since the BOJ announced on July 29 that it would conduct a "comprehensive assessment" of its monetary policy in September. Japan's benchmark 10-year government bond yield has climbed from around minus 0.3% to nearly 0%. The yen strengthened to the upper 100 range against the dollar Thursday, driven partly by a comment by BOJ Deputy Gov. Kikuo Iwata that diminished expectations for additional easing. "Let me make it ... (Read the full story)