Movement:
In the Asian session, Sterling fell on Tuesday, staying under pressure after hitting a 10-month low the previous day, while the Australian dollar slipped, giving back earlier gains made after an interest rate rise by Australia's central bank. In the Europe session, The euro dropped to a 9 1/2-month low against the dollar on Tuesday as fresh unrest over anticipated Greek austerity measures heaped further selling pressure on the single European currency. In the New York session, The euro rebounded from a 9-1/2-month low against the dollar on Tuesday as investors awaited new plans to address Greece's debt crisis and held out hope for some form of help from the European Union.
US:
The following chart represents U.S. light vehicle sales totals, individual automaker results and market share for the month of February. Percent changes are based on the daily sales rate. The seasonally adjusted annual rate is calculated using seasonal factors supplied by the U.S. Commerce Department.
Japan:
Japan's government called for fresh action on Tuesday from the central bank to lift the economy out of deflation this year despite widespread scepticism over whether such a goal is feasible. Analysts see little chance that core consumer prices, which in January fell 1.3 percent from a year earlier, can be turned around within the year and they doubt the Bank of Japan will loosen policy further unless financial
Euro zone:
Euro zone consumer prices rose by a smaller-than-expected 0.9 percent year-on-year in February, a first estimate from the European Union's statistics office showed on Tuesday, slowing from a 1.0 percent gain in January. Economists polled by Reuters had on average expected a 1.0 percent year-on-year increase. There are no details or breakdown available with the flash estimate. British consumer confidence hit its highest in two years in February and people were their most optimistic about the coming six months since records began, a survey showed on Wednesday. The Nationwide Building Society's consumer confidence index rose 6 points to 80 in February, almost double what it was a year ago and the highest since January 2008. |