Economic Summary of the week
April 13th, 2010
Let's see what are the macro economic data were released during last week. The day of Monday, being the day after Easter, has seen very little published data, since most of the market was just closed for the holiday period. Tuesday saw the 'interest rate announcement by the Australian central bank, confirmed at 4.25%. In the U.S. Fed, the central bank, has released the minutes of the Fed committee, and offering a detailed account of the meetings that the Fed itself holds on interest rates.
On Wednesday, Japan and eastern central bank issued the interest rate in the country, again confirmed at 0.10%. Following great attention to the following press conference. In the euro area
has been published since the first quarter gross domestic product, calculated unchanged from the previous quarter, while economists had expected an increase of 0.10%. Also in Europe was published as 's index of producer prices, rising 0.10%, but less than economists' forecasts, that is 0.20%.
On Thursday saw the announcement by both Europe and the UK, their interest rate, in both cases confirmed. 0.50% for Great Britain and 1% for the EU. The U.S. data on applications for new unemployment benefits has pushed the dollar down, since the claims were 460,000, against economists' expectations of 433,000 and rising compared with last week amounted to 442,000.
Instead, yesterday saw the speech by ECB President, Trichet, and that the Fed, Bernanke, on the progress of its economies.
On Thursday saw the announcement by both Europe and the UK, their interest rate, in both cases confirmed. 0.50% for Great Britain and 1% for the EU. The U.S. data on applications for new unemployment benefits has pushed the dollar down, since the claims were 460,000, against economists' expectations of 433,000 and rising compared with last week amounted to 442,000.
Instead, yesterday saw the speech by ECB President, Trichet, and that the Fed, Bernanke, on the progress of its economies.
Tags: central bank, currency, economists, economists' forecasts, interest rates