EURGBP pair is stable at 2 year low

EUR / GBP: The pair is stable at 2-year low

On Wednesday, the euro fell against the
pound, once again approaching the two-year
minimum after conditions index
the business environment in Germany declined again
this month, while the European
the central bank once again
He reaffirmed the commitment of the adaptive
monetary policy.

Couple EUR / GBP reached
minimum 0.7828 and was trading at 0.7834,
a decrease of 0.05% during the day. Couple,
It was likely to find support at 0.7809,
the low of September 19 and the weakest since
August 2012 and resistance at
around 0.7875.

Sentiment on the
single currency came under pressure after
addition, a report showed that confidence
business to the German economy weakened
in September, the fifth consecutive month.

The pound was supported,
as investors focused all
focus on monetary prospects
British policy after the Scottish
referendum on independence held
last Thursday.

Euro is stable at
against the dollar, the pair EUR / USD traded
at 1.2848, at the Monday 14-month
minimum 1.2815.

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Spain including prostitution and drug trafficking

Spain including prostitution and drug trafficking in the calculation of GDP

Starting this Thursday,
Spain included in the calculation of GDP
and income from illegal activities – namely, prostitution and drug trafficking.

Thus, speaking
the language of the nominal GDP, prostitution
and drugs will be equal to this
sectors such as education, creative
activity, energy, or
telecommunications.

according to
the first assessment carried out by the National
Institute of Statistics (INE), Eurostat,
European statistical agency
Union, through this experiment,
Spanish GDP could increase by 2.7%
4.5%, i.e. in the amount of from 27 to 45 milliardov
Euro.

Some experts believe
that this initiative will increase the
national wealth by 3%. Education in Spain
is 3.03% of GDP, supply
electricity – 3.7%, oil industry
– 2.6%, agriculture – 2.4%, the
Portal «Bolsamania».

at startup
prostitution and drug trafficking in
economy, Spain will join the
Estonia, Austria, Slovenia, Finland,
Sweden and Norway – countries that
already taxing these activities.

However, if the inclusion of the theory
official statistics so-called
‘Shadow economy’ can play
positive role for the European
countries, some analysts warn
that the initiative will not improve the overall situation.

"Is not
solution to the economic downturn in Europe.
If people are forced to work illegally, it makes no sense to talk about healthy
economic recovery"
, He warned
Athanasios Vamvakidis this summer, the main
a currency strategist at Bank of America Merrill
Lynch in Europe, CNBC reported.

Translated from Spanish: Alice_F

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    Asia is trading in red zone in Hong Kong protest

    Asia is trading in the red zone: in Hong Kong protest, the Toyota collapsed, in China and Korea – weak statistics

    On
    trading on Tuesday, Asian markets
    range. Investors are wondering
    China as an official answer
    riots in Hong Kong. Tens of thousands
    pro-democracy protesters
    We blocked the streets of Hong Kong,
    opposition there has been going on
    second day. This is one of the most serious
    Political protests to Beijing,
    since the tragedy at Tiananmen Square
    25 years ago.

    Unrest
    in Hong Kong – an additional complication
    for investors against the backdrop of long-standing
    worry about how
    China’s economy is healthy.

    Index
    Hang Seng dropped to its
    lower its value over the last
    3 months, losing in today’s session
    0.9%.

    Chinese
    action is also “scared”, but not so.
    Shanghai Composite almost
    It has not changed and is about a 19-month
    peak.

    AT
    Japan’s all mixed up: the clarity of the real
    economy situation still can not
    come. These contradictory:
    Unemployment fell in August, and
    Retail sales rebounded from the lows,
    but plummeted costs
    household and industrial
    production. Wide Japanese index
    Topix retreated from a six-year
    highs at 1.3% and the Nikkei lost
    0.9%.

    South
    Korea, too, has reported a decline
    the volume of industrial production in August
    as much as 3.8%. This is much worse than forecast
    values ​​and the biggest drop in Korea
    since the global financial crisis
    2008. Result – weakening
    KOSPI 0.8%.

    Among
    point loss is worth noting Toyota,
    which is weakened to 1.6%
    news about the US investigation
    cases with the technical fault in
    Corolla sedans.

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    Error traders at $ 617 billion Japan canceled

    Error traders at $ 617 billion: Japan canceled a huge deal

    Today could happen
    one of the biggest trading mistakes
    history. transaction size reached
    up to a huge amount that even more
    than the entire Swedish economy. Of course, the error
    We discovered and all transactions were incorrect
    abolished in Japan.

    So, at 9:25 am in Tokyo
    carried out transactions on the shares of 42 companies
    totaling 67.78 trillion yen ($ 617 billion).
    All of them have been canceled, according to the
    Bloomberg and Japanese dealers Association
    Securities.

    The largest order
    has been issued for shares of Toyota Motor Corp – 1,96
    billion, or 57% of all outstanding shares
    world’s largest automaker,
    We wanted to buy for 12.68 trillion yen through
    OTC transactions. other cancellations
    transactions were in stock Honda Motor Company
    Co, Canon Inc, Sony and Nomura Holdings Inc.

    undoubtedly,
    such errors are periodically shopping
    happen in the market, they are sometimes called
    «Fat finger». AT
    2009 to formalize a deal, the error UBS AG
    3 trillion yen at Capcom Co.
    through bonds. However, it does not compare
    with the size of the current error.

    "I have never heard
    of such large errors in orders
    before"- Bloomberg said Ayako Sera,
    Tokyo market strategist
    of Sumitomo Mitsui Trust Bank Ltd, which controls
    about 474 billion dollars of assets. "Must
    be a mistake there".

    We now know that
    no harm was done to companies,
    because orders were canceled in time.
    Now it is necessary only to find out that
    It was the appearance of this error. There is a version that
    Broker mixed up the number of shares and
    the value of shares. The fact that the transaction
    conducted outside the stock exchange, allowed to avoid
    such a big mistake.

    Nikkei 225 Stock Average low
    I changed yesterday, while shares of Toyota rose
    1.2% as the yen weakened.

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    ECB published results of stress tests

    The ECB published the results of stress tests

    Yesterday
    The ECB published the results of stress tests
    130 of the largest banks in the euro zone. AT
    “Black list” hit 25 creditors,
    who have demonstrated a lack of
    vnutrenni financial reserves to
    in case of economic crisis. Them
    it is recommended to increase its reserves.
    However, 12 of the 25 banks that failed
    check already remedy the lack of
    (Checking lasted clearly not one day,
    so it was time for banks).

    AT
    the list of banks that have not undergone testing,
    included banks mainly from the southern regions.
    Thus, it Italian 4, 2 Slovenian 2
    Greek banks, one from Ireland,
    Portugal, Cyprus and Austria. The largest
    lack of capital – the Italian Monte
    dei Paschi di Siena. He lacks 2110000000
    Euro. The lion’s share of other defendants
    list have a deficit of less than 1 billion euros.

    In
    the regular ECB stress tests
    it becomes clear how the bank will
    to respond to a variety of possible
    shocks. Check on Creditors
    the flight of investors from the market, minimize
    financial reforms, the deterioration of the bank
    balance sheets and even a number of other stressful
    situations.

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    Largest market in world has fallen and you did

    The largest market in the world has fallen, and you did not even notice!

    If
    would the animals were shares – the market is now
    I would have failed. The diagram below,
    shows the change in the index, which
    It monitors the global population
    animals in the long term –
    by analogy, for example, the index S P
    500. Global Life Index Planets
    which released an updated release
    this week, the World Wildlife Fund
    (WWF), to monitor the size
    3038 species of reptiles, birds, mammals,
    amphibians and fish.

    To tell,
    Life shows that the index is low
    the results mean much to downplay
    scale of the tragedy. More than half of the species
    vertebrates lost planet
    between 1970 and 2010 (in the
    same period almost doubled
    the world’s population). Diagram
    begins with the level at which
    was the diversity of vertebrate species in
    1970.

    Largest market in world has fallen and you did

    Global
    index shows a decrease of 52% between
    1970 and 2010. Trends were built on
    10380 populations of 3038 vertebrate species
    animals. The white line shows the value
    index and shaded areas –
    95% -s’ confidence limits. On the y-axis of the unit adopted the level in 1970. A source:
    WWF, 2014.

    Of
    This chart is becoming more
    I understood, and its construction is more familiar
    financial analysts than defenders
    environment. Post research
    group has no relation to the minimal
    economy than to the environment: not only
    that animal populations are
    a valuable natural system, so more
    and in many cases they are
    sell products (e.g.,
    free-living fish).

    “Less,
    than two human generations
    the number of vertebrate animals
    halfway down “, – says CEO
    WWF Director Marco Lambertini.
    – “We ignore this fact, but it has
    great danger to ourselves! “.

    Today
    people receive from natural resources
    more than the Earth can provide
    – most recently, just two months
    ago, humanity crossed the line
    consumption, which replenishment
    energy, resource and food
    base naturally no longer possible
    – resources market has crashed! The corresponding diagram is – below.

    Largest market in world has fallen and you did

    This diagram is called "Humanity consumes more than the Earth can provide". The abscissa years. The vertical axis – the number of the planet Earth, which is required to ensure a painless consumption. Green Zone – a natural "chelovekoemkost" Earth. Red line – consumption (or anthropogenic load). Source: WWF, 2014.

    that
    meet the modern requirements,
    which mankind makes today
    natural resources, we need more than one Land,
    and approximately one and a half. And that is not all:
    if all people in the world would be the same
    lifestyle, like a typical American,
    ensure that all needs could
    not less than 3.9 of our planet.

    On
    Last week, many referred to the
    alarms received from Barack
    Obama on climate change. TO
    Unfortunately, according to WWF reports
    climate change effects only
    even begin to be felt. A loss
    the past four decades are explained
    very different reasons.

    So,
    drivers extinction of wildlife: 37%
    provides operation (e.g.,
    overfishing, “overfished”)
    31% reduction in species diversity
    “Satisfied” habitat degradation,
    and home to 13% of species had been destroyed as a
    fact. Global warming is responsible
    in only 7.1% of the current reduction
    species biodiversity, and especially
    all this species sensitive to climate
    (E.g., tropical amphibians).
    Hardest hit biodiversity
    in Latin America – and no wonder, when
    present a pace of destruction of tropical
    jungle.

    For
    sustainable socio-economic
    of people do not develop
    production and produce more oil.
    It is necessary to pay more attention to resources,
    otherwise our descendants will simply
    nowhere to live. And now, today
    life on earth – is, unfortunately, not
    “Bull” market.

    Tom Randall, environmental columnist, columnist for Bloomberg. Translation – MilkySun.

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    GBPUSD Pound is stable at least 11 months

    GBP / USD: The Pound is stable at least 11 months

    On Monday afternoon a couple
    GBP / USD It is evaluated as stable, lb
    It is trading near 11-month low
    against the dollar. positive data
    of US jobs, published
    Friday, increased the likelihood of early
    Fed raising interest rates.

    GBP / USD pair is trading
    now at 1.5971, slightly higher
    Friday’s low of 1.5950 (at least with
    November 2013).,

    On Friday, reports emerged
    US Department of Labor, in which
    It reported that the economy added
    248 thousand., As jobs in September
    It predicted only 215 thousand. Thus,
    unemployment rate decreased from 6.0% to
    5.9%.

    Meanwhile, the pound fell
    against the euro and the pair EUR / GBP now traded
    at the level of 0.7852, slightly above 0.7835
    (Friday level).

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