Market’s daily review
15:46 05/02/2006

On Monday due to holiday in some countries of Asia and Europe, forex market was dull.

Thus, in conditions of the thin market the dollar exchange rate has a little grown against the basic currencies, in particular against euro.

It has been noted that the American currency was supported by positive data on building and industrial activity in the USA, which exceeded the market’s forecasts.

However expectations of end of the period of interest rates growth in the USA still put pressure upon a dollar exchange rate.

 

Growth in sector of a manufacturing industry was accelerated in the USA in April.

ISM index in the USA grew up to 57.3 against 55.2 in March.

Economists expected that the index would fall to 55.

 

Rates of growth of personal consumption in the USA reached a maximum level in March owing to growth of a level of salaries.

Personal consumption of Americans in March was up 0.6 % after growth of 0.2 %in February.

Incomes were up 0.8 %, maximal since September, after growth of 0.3 % the last month.

Economists forecast growth of expenses of 0.4 % in March. Forecasts on incomes made 0.4 %.

 

The construction spending index in the USA for March made +0.9 % against the previous value of +0.8 %.

It was expected that the given index would make +0.6 %.

 

Housing prices in Great Britain in April grew in monthly calculation the fifth straight month as much as possible almost for two years.

In its review Hometrack stated that housing prices were up 0.6 %.

It is the maximal monthly growth since May 2004.

In annual calculation housing prices were up 0.9 %.


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