European Market Update

Markets Quiet Ahead of FOMC Minutes and ECB Rate Decision

Wed, Apr 11 2007, 09:40 GMT
by Trade The News Staff

TradeTheNews.com


Trade The News

Real-time 24hr global markets news in both audio & text formats. Free Trial.

- The European indices are currently trading in positive territory led higher by the energy sector on recent gains in energy prices.

- In a session light on economic data European government bonds opened modestly higher in the session following gains in JGB futures after machinery orders data fell below expectations. EGBs quickly moved into negative territory ahead of the FOMC minutes today, and tomorrow’s ECB interest rate decision. Investors will be monitoring comments from the ECB’s Trichet in the post rate announcement conference looking for any indication on future policy.

- As expected, the German wholesale price index rose to 0.5% m/m and 3.1% y/y.

- The French trade balance for the month of February came in as a deficit of €2.6B, slightly better than the expected deficit of €2.7B. January’s figure was revised up to a deficit of €2.6B from a deficit of €2.8B.

- Swedish industrial production rose by more than expected to 1.3% m/m, above estimates of 1.0%. Industrial production rose to 6.8% y/y, above estimates of 6.5%.

- Front month copper futures are currently trading higher by 2.0% near a new seven-month high after breaching the 360 handle earlier on.

Published on  Wed, Apr 11 2007, 09:39 GMT

Archive

Trade The News, Inc.  | 11 Broadway, New York, NY 10004
http://www.tradethenews.com/products-forex.asp?fxst | jessica@tradethenews.com

Legal disclaimer and risk disclosure

All information provided by Trade The News (a product of Trade The News, Inc. "referred to as TTN hereafter") is for informational purposes only. Information provided is not meant as investment advice nor is it a recommendation to Buy or Sell securities. Although information is taken from sources deemed reliable, no guarantees or assurances can be made to the accuracy of any information provided. 1. Information can be inaccurate and/or incomplete 2. Information can be mistakenly re-released or be delayed, 3. Information may be incorrect, misread, misinterpreted or misunderstood 4. Human error is a business risk you are willing to assume 5. Technology can crash or be interrupted without notice 6. Trading decisions are the responsibility of traders, not those providing additional information. Trade The News is not liable (financial and/or non-financial) for any losses that may arise from any information provided by TTN. Trading securities involves a high degree of risk, and financial losses can and do occur on a regular basis and are part of the risk of trading and investing.

Interested in forex trading? forex brokerage firms!


Forex Capital Markets, LLC (FXCM)
Contact the broker/FDM
Open a demo account
ACM Advanced Currency Markets SA
Contact the broker/FDM
Open a demo account
Forex Club Financial Company
Contact the broker/FDM
Open a demo account		Capital Market Services, L.L.C.
Contact the broker/FDM
Open a demo account		Interactive Brokers LLC
Contact the broker/FDM
Open a demo account

FXstreet.com will give you a 3 months membership as soon as minimum rebates have been generated (€150 for private trader/ €300 for corporate trader)

[Read Premium full description]


Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management.

Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

©2008 "FXstreet.com. The Forex Market" All Rights Reserved.