The market looks optimistic with the U.S. economy bounced back on Friday after U.S. jobs data the results are better than analysts expected, while the euro was struggling after more evidence that the economy in the euro zone fell.
that the Federal Reserve will probably start reducing asset purchases
under its quantitative easing program resurfaced after the release of
the jobs numbers on Friday, according to MarketWatch reported, Monday
yen is also expected to weaken in the coming weeks after the Bank of
Japan pledged to inject around $ 1.4 Trillium funds into the economy.Reporting
from Industry Week and Sindonews, the U.S. Commerce Department said
gross domestic product growth forecast (GDP) in the first quarter was a
strong rebound from the poor rate 0.4 percent in the previous quarter. However, that figure came in below the average forecast of analysts of 2.8 percent.
Consumer spending rose 3.2 percent, a pick-up from the fourth quarter. While business investment continues to grow, albeit at a slower pace, rising 2.1 percent.
federal spending hit by budget cuts that went into effect in the first
quarter, dragging the world's largest economy fell 8.4 percent.
the focus of attention this week market participants will be taken to
report the results of the manufacturing sector and the American
consumer. Consumer credit data is this Tuesday (07/05) will show the extent to which the purchasing power of citizens to recover in April.
data that is no less important is the manufacturing sector report, with
the ultimate agenda of wholesale inventories, which was released on
Thursday (09/05). Similar
to the consumption indicator, the manufacturing sector report could
also reflect the extent to which the progress of American economic
activity in the month of April.