CBI’s Latest Industrial Trends Survey Showed an Increase on Manufacturing Orders But Remained to be Weak.
The manufacturing order books heightened although the export orders and economic growth eased within this month as indicated in the order results of the Industrial Trends Survey.
The survey includes 430 manufacturers and assessed that the total order books restored its previous level which prevails during the whole period of summer and seen on top of the long-term average. Moreover, the orders for exports dropped down slightly but managed to sustain an above average result.
The volume for output made a slow growth which is about three months later. There is hope that the production for the upcoming quarter appeared to be in good shape yet its highest level was recorded last February 2015. In light of the steep decline of the sterling pound, manufacturers await for the possible extension of the average selling prices for the succeeding months.
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Thread: Company News by ForexMart
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24-11-2016, 11:52 AM #111
Economic News
Andrea ForexMart, Official Representative
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25-11-2016, 03:52 AM #112
Economic News
Canadian Stocks Reaches Highest Levels in 17 Months Due to Massive Retail Sales Profits
Canadian stocks continued its increasing trend for a total of four days and has already reached its highest levels in 17 months as a result of massive retail sales gains, with retail sales clocking in its biggest profits incurred since April 2016. Canada’s retail sales data showed gains worth 0.6% in September 2016, its biggest gains posted since April and an indicator of the spending of the Canadian government’s recently-minted child benefits. Meanwhile, the Canadian equity benchmarks scored more gains as the DJIA reached up to 19,000, while the MSCI index for both developing and developed markets increased by up to 3.6% for 2016 and could possibly hit its record highest yearly increase since 2013.
canadianstocks.jpgAndrea ForexMart, Official Representative
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25-11-2016, 11:13 AM #113
Economic News
Sluggish Trades Affect Germany’s Economic Growth
The economic growth of Germany slowed down by 0.2 percent in the third quarter even though both the government and consumer spending has significantly increased. Mainly due to the feeble foreign trading that brought an impact to Europe’s largest economy.
The Government spending rose by 1.0% while the Household spending climbed by 0.4%, both adding 0.2% to GDP economic growth. However, the net foreign trade deducted 0.3 percentage point from GDP growth since exports fell by 0.4% while imports ascended by 0.2%. This implies that the companies are withholding investments in the brink of low monetary policies of the European Central Bank.
sluggishtrades.jpgAndrea ForexMart, Official Representative
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25-11-2016, 12:55 PM #114
U.S Dollar Gained Much Power Even Before Trump’s Victory
U.S Dollar Gained Much Power Even Before Trump’s Victory
The greens continuously rise after Donald Trump won the American presidential election. However, these upsurge angst companies that imports their products to other countries which caused few investors to place the full responsibility to Trump for they earning less than their average gains because the dollar is too strong.
Moreover, these complaints were on the deck before the new U.S President-elect take his position. The squawks from companies point out that the cause of low earnings is due to the issues regarding the stronger dollar. Some of the large companies that the currency brought headwinds into their firms include Apple, Alexion Pharmaceuticals, Kraft Heinz, Procter & Gamble and Whirlpool.
According to the research made by the Pavilion Global Markets that current stance of the dollar is the top reason why companies earned worse than their expectations, followed by issues concerning Brexit, election, the Fed, and wages.
Nevertheless, Jim Paulsen from Wells Capital Management said in an interview that he predicts that the greenbacks will experience a decline for 2017 because of the increasing inflationary expectations.
usdollargained.jpgAndrea ForexMart, Official Representative
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29-11-2016, 06:37 AM #115
Economic News
Service Sector Affected by Low Optimism in the Economy
Low consumer spending and rise in wages affected the Service sector of U.K. for this month of November. This would bring negativity this Christmas season since pound has also depreciated. Companies rendering professional services are expected to decline in sales while it is the opposite for consumer services which is predicted to rise in sales in the next three months.
Even though, the consumer confidence has weakened, the employment growth remained steadfast. Consumer companies may allocate funds to training which will increase spending but cut down expenses on location, vehicles and machineries.
servicesector.jpgAndrea ForexMart, Official Representative
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29-11-2016, 08:24 AM #116
Economic News
Base Metals Continued to Surge Due to Increase in Infrastructure Spending
Metals had a persistent improvement amid on the supposition on Trump’s infrastructure expenditure and weakness in the overall inventories. Copper was able to arrive on its one-week high after the extensive downfall of the base metals. In trading copper within Asia has reached $269.90. However, investors speculate that Trump’s fiscal investment is almost $1trn which is expected to be the driving force for growth but will lessen the supplies considering the fact that China’s yuan hedging. In light of this, the bullish impetus gives rise for the demand of the trend-following fund as it was able to surge the buying pressure. Furthermore, the industrial metals sustained an upward lift amid the strengthening of the U.S dollar compared to other currencies.
Despite China’s procurement of copper as a hedge to overcome yuan devaluation, the data issued specified a positive growth in supply. There is also an expected rally in prices of other base metals in order to raise an opportunity to replenish short trading commodities.
img1.jpgAndrea ForexMart, Official Representative
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29-11-2016, 10:34 AM #117
Economic News
Gold Recovers from Nine-Month Slump as USD Drops
Gold stocks were able to recover from its recent nine-month slump as the USD’s strength which sent gold prices down and pushed silver into a bearish market finally fizzled out. As gold finally clocked in its first increases in four days, its weekly loss was cut back by up to 2%, while prices have all but decreased following the release of highly positive economic data and expected increase in national spending after Trump’s recent win increased market expectations of added interest rates. As a result, a lot of investors are now selling off gold-backed investments, the fastest selloff seen in three years.
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Andrea ForexMart, Official Representative
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01-12-2016, 05:33 AM #118
Economic News
Oil Market Uncertainty Brought the Prices Down
Market still awaits if OPEC will be able to reduce their production output on Wednesday bringing the oil price down on Tuesday. The next OPEC meeting will be held on Wednesday at Vienna to come up with a decision to cut production. This brought uncertainty in the market resulting in high volatility. Political considerations and set agreement for quota of countries hinders from coming up to an agreement. If there will be no agreement reached, oil prices are expected to rise averaging $45 per barrel until next summer.
oilmarket.jpgAndrea ForexMart, Official Representative
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01-12-2016, 07:41 AM #119
Economic News
OECD Expects 3% Growth Slip for Australia Until 2018
The intergovernmental economic organization, OECD has released its recent assessment regarding the economic stance of Australia. According to the organization, the economic growth of the region has the tendency to decline by 3% by the end of the current year and expected to persist until 2018 by which the RBA already planned to had an increase of rates by the aforesaid period.
In the month of June, the country’s economy appears to be growing, however, economists studied that the Australian continent reached its soft spot where growth are limited after the issuance of national accounts for September were released on the 7th of December.
The OECD advised during this phenomenon of growth slippage, the government should lead the ways in order to recover as soon as possible through investing in infrastructure rather than implying a rate cut considering that the average housing prices and rates are relatively low.Andrea ForexMart, Official Representative
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01-12-2016, 09:08 AM #120
Economic News
As Energy Corporations Retreat, Canadian Stocks Drop to Lowest Levels in Two Weeks
Canadian stocks dropped to its lowest levels in two weeks after oil companies were subject to significant losses in the light of talks among producers prior to the OPEC meeting scheduled in Vienna, Austria within the week. Energy corporations led the S&P/TSX Composite Index lower after it fell by up to 1.4% for three consecutive days, which is the longest losing streak for the index since November. Out of the 11 industries in this particular index, 7 companies experienced losses, and industrial stocks also retreated and were subject to significant decreases.
energycorp.jpgAndrea ForexMart, Official Representative
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