Good Morning investors, we will start our news today from China, as China`s foreign trades may drop in the first quarter of 2014 because of seasonal factors, such as the spring festival, the Minister of Commerce Spokesman said. However, the spokesman added that China is optimistic about the volume of foreign trade this year, and he is sure that this year`s figures will be close to last year`s, but the Chinese companies are still facing several problems, especially small and medium companies, as profits declined due to higher costs, in addition to the increase in Yuan’s value. China`s dollar trades rose 10.3% in the year ending January, while Yuan trades gained 7.3% In New Zealand, the RBNZ 2-year Inflation Expectation came in at 2.33% in Q1 compared with a previous 2.34%. In Germany, economic growth unexpectedly accelerated to 0.4 percent in the fourth quarter of 2013 thanks to a rise in exports and capital investment, seasonally-adjusted data showed on Friday, suggesting Europe`s largest economy will pick up steam in 2014. Coming after growth of 0.3 percent in the third quarter, the fourth quarter expansion came in line with the Statistics Office`s flash estimates. Final readings also showed the economy grew by 1.3 percent on the year. Government spending was flat at 0.0 percent in the fourth quarter, following a revised 0.2 percent originally reported at 0.5 percent. Analysts called for 0.2 percent gain. Capital investments increased to 1.4 percent from a previous revised 1.2 percent gain, while expectations were of 0.8 percent. Construction investment also rose to 1.4 percent after a revised gain of 1.3 percent, while analysts expected 0.8 percent. On the other hand, domestic demand declined 0.7 percent from a revised 2.1 percent in the third quarter, missing analysts expected 0.2 percent. Private consumption rose fell 0.1 percent in line with expectations following 0.1 percent gain. Exports rose sharply to 2.6 percent to the most in three years from a revised 0.6 percent, originally revised to 0.1 percent, beating 1.7 percent gain. While Imports percent from 0.6 percent, missing expectations of 1.3 percent. In the United States, Consumer Confidence index during the month of February is expected to record a slight decline, to settle at 80.0, compared with the previous monthly reading which recorded 80.7.
Posted on: Tue, 25 Feb 2014 07:43:37 +0000
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