Decline in retail sales in March German as Inflation is accelerated

April 29, 2011, 3: 17 pm EDT by Christian Vits

(Updates with comment from Economist in the fourth paragraph).

April 29 (Bloomberg) - German retail sales fell for a second month in March as the accelerated inflation, eroding household purchasing power.Sales, adjusted for inflation and seasonal movements, a decrease of 2.1% in February, when they went down by 0.4%, the Federal Office of statistics in Wiesbaden said today. Economists expected a 0.2 percent gain, according to the median of estimates 18 during a Bloomberg News survey. Since a year earlier, sales decreased by 3.5 per cent.German inflation accelerated to 2.6% in April, the fastest pace in 2 1/2 years, driven by soaring oil prices. At the same time, unemployment dropped to a minimum of 19 years as businesses stepped up production to meet export orders. The Government expects greater Europe's economy to expand 2.6% this year after a record growth of 3.6% in 2010. "."A negative reading in March is not unusual if Easter falls in April," said Ulrike Rondorf, an economist at Commerzbank AG in Frankfurt. "In the first quarter, retail sales still exceed the fourth quarter of 0.2% average."Evolution of the consumer price is casting "slight shadow" on an otherwise "positive" economic perspective, the Ministry of the economy said on the orders of German plant for April 19 and industrial production rose more than economists predicted in February. "Negative impact" private consumption will recover sharply this year and also grow in 2012, said Andreas Scheuerle, Economist for Dekabank in Frankfurt. "" " However, while the labour market has a positive impact on the expenses of the private sector, we also have a negative impact of the wave of inflation. "Consumer confidence will decline for a second month of may as grapple households with higher food and prices of energy, market based in Nuremberg firm GfK AG said this week. Business confidence fell for a second month in April after oil prices rose to the highest in over two years. "Inflation is certainly the major risk for the consumption of the Germany individuals. "in particular, consumers are sensitive to rising prices at the pump," said Mario Gruppe, Economist at the NordLB in Hannover Germany. "However, a negative reading is not the end of the world that we will see a robust economic recovery despite the threat of inflation risks.".

-With the help of Naomi Kresge in Berlin, Manus recesses in London and Jana Randow in Frankfurt. Editors: Matthew Brockett, Hayden Jones

To contact the reporter on this story: Christian Vits to Frankfurt to cvits@bloomberg.net

To contact the editor responsible for this story: Craig Stirling cstirling1@bloomberg.net

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Decline in Asian Stocks after Reliance, Acer Profits Miss estimates

April 25, 2011 3: 52 pm EDT by Anna Kitanaka and Kana Nishizawa

April 25 (Bloomberg)--Asian stocks fell, dragging benchmark down more than a week after gains Acer Inc. and of Reliance Industries Ltd. missed Analyst estimates.

Acer, the second largest world supplier of portable computers, lost 3.1 percent in Taipei. Reliance Industries, most large company of the India by the value of market, fell by 3% in Mumbai. Baoshan Iron & Steel Co. led lower Chinese steelmakers on the acceleration of inflation will affect the economic growth of speculation. Honda Motor Co., second largest constructor of the Japan, sank to 1.3% after domestic production collapsed last month.The MSCI Asia Pacific Index dragged 0.3 per cent to 138.46 at 4: 37 a.m. in Tokyo, with approximately four actions under all three have increased. The previously acquired gauge 0.1%. Australia, New Zealand and Hong Kong stock markets are closed for a holiday. After the closing in Tokyo today, Nintendo Co. forecast profit that missed estimates and KDDI Corp. said annual profit will fall 2 percent this fiscal year. "" People waiting for earnings announcements this week before investing, "said Naoki Fujiwara, which helps to oversees the $ 6 billion in Tokyo to Shinkin Asset Management Co." "with the Japan on the head to his Golden Week holidays and with many other markets fermésNous we will probably not see exciting developments in the market." "Shanghai China Composite Index sank to 1.5%, while that the Nikkei 225 Stock average Japanese lost 0.1%. Index of ABN of the Korea in the South increased by 0.8%. VN index of advanced Viet Nam 2%, the most among indexes reference Asia-Pacific, as the currency of the country climbed the most since 2008.U.S. FuturesFutures on the Standard & Poor 500 Index rose 0.2%, following a holiday on April 22. A report of the Government now can show sales of the country rose 12 percent in March, a survey of economists compiled by Bloomberg. Japanese retail reports, U.S. orders of durable goods and gross domestic product are also due this week.The MSCI Asia Pacific Index climbed 0.8 percent this year through April 21, from the earnings of 6.3 S & P 500% and 1.7% by the Stoxx 600 Index of Europe. Stocks in the Asian tonnage was estimated at 13.2 times considers average as of the end of the last earnings, compared with 13.7 for the S & P 500 and 11.3 times for 1600 Stoxx technology shares were the biggest drags on the MSCI index of Asia Pacific. Acer lost 3.1 percent to NT$ 49.5 after first-quarter net income fell 64 percent to NT $ 1.2 billion ($42 million). The estimate of the average analyst for the benefit of NT 1.74 billion, according to data compiled by Bloomberg.Reliance, PoscoReliance Industries has dropped from 3% to 1,009.2 rupees in Mumbai after reporting a 14% increase in the net result of 53.8 billion rupees ($1.2 billion) in the three months to March 31. Profit missed average estimates billions of 54, 3-rupee of 18 analysts in a survey of Bloomberg.POSCO, the third largest producer of steel in the world by the production fell 1.9% at 472,000 won in Seoul after Q1 profit collapsed 33 percent as raw materials costs have increased.In China, denied that the increase in the price of oil has fueled the inflation of the concern of the actions will accelerate and monetary tightening measures will increase. Crude rose high $113.07 per barrel in New York, intraday prices highest since 11 April Baoshan Steel lost 2.7 per cent to 7.12 yuan. "Anhui conch Cement Co., the largest cement manufacturer, fell 2.8 percent to 38.88 yuan in Shanghai, Sany heavy industry Co., the largest manufacturer of machines for the manipulation of concrete, 4.1 yuan 18.52% remote."Inflation is still the major concern and there is no sign that the Government will relax its tightening, said Wu Kan, a Fund Manager at the Dazhong insurance company, who oversees the $ 285 million. "The tightening retains the assessments of stocks."Central Bank PoliciesThe Shanghai Composite rose 5.6% this year on speculation that the Government to cool inflation without triggering a slowdown in economic growth. The Central Bank raised the ratio of the requirement to reserve 10 times since the beginning of 2010 and interest rates increased four times to cool inflation as consumer prices rose at the fastest pace since 2008 in constructors March.Japanese falls today after report domestic production for March, the month, an earthquake of magnitude 9 record and disturbed tsunami strings supply for manufacturers of the nation.Honda, who reported a slump of 63 per cent in production last month, fell by 1.3% to 3,105 yen, the third most large drag on the MSCI index of Asia Pacific. Toyota Motor Corp., the world largest manufacturer, fell by 0.6% to 3.275 yen after it said global production fell by 30%.Save sales "supply chains were torn from their roots," said Yoshifumi Kikuchi, head of the seizure in Nissan century Securities Co. in Tokyo. "It's always step clear if builders can get the parts that they need."South Korea, Kia Motors Corp., Builder of no. 2 in the nation, advanced 3.2% to 80,500 won after Yonhap News reported the company had sold a record number of vehicles in the first quarter. Hyundai Motor Co., more great constructor of South Korea, advanced 5.6% won 246, 000.Tokyo Electric Power Co., the operator of a nuclear power plant explosion by the earthquake and tsunami in the Japan last month, jumped 8.4 percent Yen 438. First step of the shares in eight days was also the largest in the Nikkei 225.A plan of Government to compensate the victims of the nuclear accident of Fukushima does not imply usefulness, publication the Nikkei newspaper reported on April 23, Mitsubishi UFJ Financial Group Inc.., who is the owner of 13.2 million shares Tokyo Electric, gained 1.1% 379 yen. Sumitomo Mitsui Financial Group Inc. increased 0.8% to 2,455 yen. The company holds shares Tepco 35.9 million, or 2.2 per cent of the utility.

-With the help of Akiko Ikeda and Toshiro Hasegawa in Tokyo, Zhang Shidong in Shanghai. Editors: Darren Boey, Shiyin Chen

To contact the reporters on this story: Anna Kitanaka in Tokyo, at akitanaka@bloomberg.net.

To contact the responsible editor of the story: Nick Gentle at ngentle2@bloomberg.net

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Advisor of said Japan decline of the nuclear threat: report - AFP

Advisor of said Japan decline of the nuclear threat: report (AFP) - 4 hours ago

TOKYO - The Japanese Advisor special of the Prime Minister on nuclear crisis says that the immediate risk of a leak of major radiation of the power plant of Fukushima decreased, the Wall Street Journal reported.

The Government could not say the situation had been completely stabilized at the factory, but after studying the possibility of a serious deterioration Tokyo was comfortable with the current of the evacuation policy, Goshi Hosono said the paper in an interview on Saturday.

"There is no way Tokyo or Kyoto will be in danger," said Hosono, Special Adviser to the Prime Minister Naoto Kan on the management of the nuclear crisis.

The atomic plant, where the reactor cooling systems have been eliminated, was struck by a series of explosions and radiation leak in the air, ground and sea in the worst nuclear disaster since Chernobyl world 25 years ago.

The Government imposed a 20 kilometre (12 mile) exclusion zone around the plant, giving legal weight to an exclusion zone for fear of the effect of exposure to radiation on residents long term last week.

More than 85,000 people have left for shelter areas around the plant, including a wider zone of 30 km, where people were said to remain in the Interior and later urged to leave.

Hosono said of the levels of radiation in damaged reactors must be lowered before work would be carried out, and they had to find ways to treat the water contaminated by radiation of efforts to cool the reactors and spent fuel rod pool.

Workers poured thousands of tons of radioactive water at low altitude, in the Pacific Ocean, the concern of contamination of the marine environment concerned neighbouring countries.

"Our objective is very clear: preventing the spread more radiation in the atmosphere and the ocean,"Hosono told the paper."."

"To achieve this, we need to restore stable cooling functions." It is technically extremely difficult. ?

Plant operator Tokyo Electric Power Company, said that he does not expect a "cold shutdown" of all the reactors for another period of six to nine months.

Hosono said officials had begun to examine the causes and treatment of the nuclear accident.

"When we look at the accident, it will naturally become clear where the problems were, including issues with the Japan nuclear regulatory policy," he told the paper.

Hosono, Member of the Democratic Party of the Japan to power said that it was not the right time to decide whether the country should turn to non-nuclear energy sources or continue to continue to use atomic power.

I just don ' t think we can make a judgment dispassionate in the current atmosphere, "the cited book telling him."

"For the moment, we must maintain options and let the people decide in time".

DPJ Secretary General Katsuya Okada Friday, said the Government would review its policy of energy in the light of the disaster, but could be established with nuclear energy.

Japan poor in resources, very dependent on oil from the Middle East, brings about a third of its energy needs, nuclear power, but its high-tech companies are also world leaders in numerous environmental and energy technologies.

Copyright ? AFP 2011. All rights reserved. "More".

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Decline of Asian Stocks as Won, Kiwi Drop on U.S. rating Outlook

April 18, 2011, 11: 15 am EDT by Shiyin Chen and Anna Kitanaka

April 19 (Bloomberg)--Asian stocks fell, sending the benchmark in the region to its largest loss in five weeks, while the South Korea won and the New Zealand dollar has led to a decline of higher yield currencies after Standard & Poor's credit Outlook cut on the United States to negative.

The MSCI Asia Pacific Index dragged 1.4 percent to 133.77 11: 45 am in Tokyo. Future on the S & P 500 Index dropped by 0.5%. The won weakened from 0.5% to 1,093.30 every dollar, while the so-called kiwi dropped by 0.6% to 78.61 U.S. cents. The yen climbed against the 16 most actively traded counterparts. Japanese Government bond futures rose for a fifth day, then that recovered copper a drop of six days.Japanese exporters led to losses, extending to a global slump in stock markets, after S & P to the Government of the United States notice that it risks losing its AAA credit rating, unless decision makers to agree on a plan in 2013 to reduce budget deficits and national debt. "In Europe, an economic report today can display manufacturing slowed growth, as concern that the worsening of the debt crisis the region sent Greek and Portuguese bond yields surging.""If we get to a point where the United States has its debt downgraded, the deflationary effects will be felt in the world," said Tim Schroeders, that allows to manage about 1 billion dollars to Pengana Capital Ltd. in Melbourne. "A lot of credit is a price excluding U.S. denominated debt and these effects will be felt around the world."Approximately eight shares fell to everyone who has acquired Asia Pacific Index of MSCI, which has been set for its steepest loss since March 15. Nikkei 225 Stock average of the Japan fell 1.5%, with Toyota Motor Corp. in decline of 2.8%.Chip EarningsInpex Corp. fell by 2.2 per cent while BHP Billiton Ltd. sank at 1.8% after a decline in prices yesterday. Newcrest Mining Ltd. slipped 1.3% after the largest gold mines in the Australia company reduce its production for a second time.LG Display Co. jumped 5.1 per cent after the second - largest manufacturer of flat world reported a loss that is smaller than analysts estimates. Advantest Corp. and Elpida Memory Inc. has decreased more than 4.3% each, stimulation of losses among connected after the computer chip companies as Texas Instruments Inc. forecast revenue in the second quarter and profit which did not estimates of some analysts.Texas Instruments has decreased in trade extended after the largest manufacturer of analog-chip forecast of profit in the current quarter will be 52 cents to 60 cents a share on sales of 3.41 to 3.69 billion. Which is comparable to the estimate of the average analyst 63 cents to profit on 3.53 billion in sales, a Bloomberg survey. Goldman Sachs Group Inc. and Johnson & Johnson are among the companies expected to release quarterly results today.U.S. OutlookThe S & P 500 dropped 1.1% yesterday, its steepest since March 16 loss, as S & P, has said there is a chance of one in three U.S. rating could be cut in two years and that his "basic premise" is that Congress and the administration of Obama will come to terms on a plan to reduce Records.Rendements deficits over 10 years treasuries were little changed at 3.37% after having declined yesterday the three basis points. Noda of Yoshihiko for the Minister of Finance of the said Japan U.S. debt continues to be an "attractive investment", and economic and fiscal policy Minister Kaoru Yosano said that Treasury would still "titles of very good quality" even if the rank was lowered.Performance of 10 years to the point of reference of the Japan fell to a point of basic-1.235%, while the future of the obligation of 10 years for June delivery gained 0.17 to 139.53 on the Tokyo Stock Exchangewhich extends from their series of victories in the longest eight months. "Fearing" market "really sums up how much time the market may remain fearful on Europe and the United States," said Adam Carr, a senior economist in Sydney in Australia Ltd., a unit of brokers broker ICAP largest in the world. "" " Risk aversion generally assumes a repatriation of funds into yen. "The Philippine peso dragged 0.3 per cent to 43.355 by dollar and Taiwan dollar weakened from 0.2% to NT$ 29.156. The Australian dollar declined from $1.0485 of $1.0509 yesterday.The yen traded at 82.54 82.66 dollar in New York yesterday, when he moved to 82.19, the highest since March 29. Currency of the Japan was a euro 117.66 117.33. The dollar bought $1.4215 a 1.4235.The euro $ purchase index of managers for the manufacture of the Euroregion dropped to 57.0 in April of 57.5 in March, according to the median estimate of economists in a survey of Bloomberg News before data due today. Readings above 50 indicate expansion.Greek CrisisYields over two years the Greek notes climbed above 20 percent yesterday and swaps of credit - default signal a chance to 64.5% of default within five years, while the representatives of the nation, said the restructuring is not being discussed. Portuguese yields two and 10 years also reached the euro-ère records.Gold for immediate delivery traded at $1,491.30 an ounce. Bullion reached a record level of $1,497.90 yesterday. Copper for the delivery of three month won 0.6% to $9,279 per metric tonne on the London Metal Exchange, halting a slump of 6.6 per cent of six days. Wheat gained 0.6% to $8.1550 a bushel, which extends from the wave of 3.9% yesterday, as conditions of winter crops, to the United States the largest exporter, has deteriorated.Oil for may delivery slipped 0.4% to $106.75 US per barrel on the New York Mercantile Exchange, after the fall of 2.3% of yesterday.

-With the help of Candice Zachariahs Sydney, Yoshiaki Nohara in Tokyo and Masaki Kondo, Ron Harui and Wes Goodman at Singapore. Editor: James Poole

To contact the reporters on this story: Shiyin Chen at Singapore at schen37@bloomberg.net. Anna Kitanaka in Tokyo, at akitanaka@bloomberg.net.

To contact the editor responsible for this story: James Poole at jpoole4@bloomberg.net

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Fall of Portuguese, Greek bonds as Stocks, Futures U.S. decline

April 14, 2011, 6: 59 am EDT by Stephen Kirkland

April 14 (Bloomberg) - plues nations debt bonds of Europe fell, driving yields Portuguese and Greek records, on the country concern will reschedule debt. Index of stocks and future U.S. decreased, then that money advanced and the yen.

Five years of the Portugal yields rose to 10.47% effective from 6 h 50 in New York, while the Greek 10-year yield has increased more than 13% for the first time since at least 1998. The Greece credit swaps reported a chance of 60 percent of the default within five years. The Stoxx 600 Index of Europe sank to 0.7 per cent and Standard & Poor 500 Index future has decreased by 0.5%. The yen gained against major peers 16. Silver jumped as much copper lost 1.5% and 1.9%.Bondholders may see a "haircut" 50 to 70% on their Greek titles if the nation restructures its debt, said Moritz Kraemer, Chief of S & P European debt assessment team. Inflation accelerated in the United States and China, Bloomberg survey of economists showed before the reports of tomorrow. Singapore said it will provide a strong currency curb inflation, and Axel Weber the European Central Bank said of interest rates higher than may be necessary if economic forecasts are met. "That the Greece can have no solution alternatives but to restructure to get back on the sustainable debt path is probably the worst secret kept," said Greg Venizelos, a strategist at BNP Paribas SA credit application for investors London.The additional performance take Portuguese obligations of benchmark German bunds expanded 10 years " record euro-ère 549 basis points, with German Greek spread increased 32 basis points. Two years Greek yields jumped 92 basis points, taking advance 157 basis points this week. Yields on Spanish debt of 10 years has jumped nine basis points, with Irish yields 13 basis points higher. The performance of the bund slipped four basis points.SchaeubleGerman Finance Minister Wolfgang Sch?uble the said Germany newspaper Die Welt, said that the Greece may need to renegotiate its debt burden if an audit in June calls into question its ability to pay the creditors.The yen strengthened 0.9 per cent in relation to the euro and 0.6 per cent against the dollar. The Advanced Book of 0.2% against the dollar and 0.6% against the euro as a report of Nationwide Building Society showed the U.K. consumer confidence rose in March a low folder that Breton increased more optimistic about the prospects for the economy and spending.Five stocks fell for every person who has acquired the Stoxx 600. Banca Popolare di Milano Scarl lost 2.5%, resulting in a decrease in the banks, as two people familiar with the situation said lender cooperative oldest of the Italy will consider an offer of rights after the Central Bank sought to boost the capital. Reckitt Benckiser Group Plc fell by 6.6 per cent after having said that Director General Bart Becht will withdraw.Unemployment drops ClaimsThe S & P 500 future indicated that the gauge of the fairness of the U.S. fall for the fifth time in six days. Reports now can show the number of persons filing applications for the first time in unemployment insurance was little changed to 380,000 last week while production prices increased by 1% in MarchBloomberg survey of economists.Shanghai China Composite Index fell by 0.3 per cent before tomorrow that can show accelerated the pace faster since July 2008 the inflation and economic growth slowed, according to a Bloomberg survey of economists in Government reports.MICEX Index the Russia fell by 1.7 per cent OAO GMK Norilsk Nickel mining companies sank the low price of oil and metals. Copper fell for a fourth day and nickel slipped a third day of London.Silver climbed to near high $41.3850 an ounce, the 31-year 41.9525 record $ April 11. Crude oil decreased by 0.5% to $106.55 barrel.The performance of the obligations of the Treasury 30 years to a few varied 4.55% before the Government sells securities $ 13 billion, the last of the three auctions this week for a total of $ 66 billion.

-With the help of Claudia Carpenter, Michael Patterson, Andrew Rummer, Michael Shanahan and Dan Cuddies, in London. Editors: Stephen Kirkland, Stuart Wallace

To contact the reporter on this story: Stephen Kirkland in London at skirkland@bloomberg.net.

To contact the editor responsible for this story: Paul Sillitoe to the psillitoe@bloomberg.net

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