Artelye Granite Review

HERE AFTER A WEEK HOW HAVE REDUCED THE HYPOGEUM Toricelli

Apizaco Tlaxcala Nightlife

Consumer confidence in U.S.: signs of a moderate consumption growth in the coming months

The index of the Conference Board consumer confidence rebounded in August from 50.4 to 53.5, ma è rimasto ben al di sotto sia della media a lungo termine (96) sia della media del periodo aprile-giugno (58,03). Nonostante le indicazioni negative arrivate dalla lettura preliminare dell’indice di fiducia dei consumatori dell'Università del Michigan a settembre (l'indice è sceso inaspettatamente da 68,9 a 66,6), ci aspettiamo che il leggero miglioramento del mercato del lavoro nel corso delle ultime settimane, come indicato dalla diminuzione delle richieste settimanali di sussidi di disoccupazione, possano spingere verso l'alto la fiducia dei consumatori nella lettura del Conference Board: la nostra stima è che l'indice salga a 54. Tuttavia, l'indice rimarrebbe su livelli storicamente bassi, indicando un tasso di crescita to moderate consumer spending in coming months.

Perception Caspia Kayak

Federal Reserve: FOMC meeting today

The FOMC is widely expected to leave the Fed Funds rate unchanged at 0/0.25% at the end of the monetary policy meeting next week. After the decision in August to reinvest the proceeds from the securities agency mortgage-backed debt in the long-term Treasury securities and Treasury securities to reinvest their maturity always in Treasury securities, the Fed is widely expected to implement a further process of quantitative easing in the coming months. However, we do not expect the Fed to implement that in the course of monetary policy meeting today. More information on the outlook for monetary policy of the Fed are in the weekly Global strategy this week.

Brazilian Wax Graphic

Ideas for the week: FOMC, the U.S. real estate market, the German IFO and minute the BoE

• U.S. economic data released last week (ie retail sales and industrial production) have confirmed that the most likely scenario for the U.S. economy in the coming months is a growth rate moderate. During the next week the focus will be on the FOMC monetary policy meeting. The beginning of a new round of quantitative easing is not expected at the next meeting, but every indication it will be closely monitored. Data on real estate market should confirm that a breakthrough is not imminent;

• Euro Area: The Zew economic sentiment index fell in September, indicating a weakening of economic growth over the next months. The IFO index of business confidence which will be released Friday should conferemare that the growth of industry in the coming months will be weaker;

• UK: The minutes of policy meeting monetary 09/09 should confirm the BoE has seen arguments both in favor of a rate increase is a further easing of monetary dipolitica orientation. Despite the higher than expected inflationary pressures we expect the Bank of England maintains a wait in the coming months;

• Switzerland: Swiss National Bank left the target for the 3-month Libor unchanged at 0.0 to 0.75% and confirmed its willingness to keep the Libor rate at the bottom of this range, around 0.25%. The SNB has seemed concerned regarding prospects economic and inflation, increasing the possibility of an intervention on the currency market in the coming months.