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    Forex News from InstaForex
    SOUTH KOREA PRODUCER PRICES JUMP 6.4% ON YEAR IN JUNE



    Producer prices in South Korea jumped 6.4 percent on year in June, the Bank of Korea said on Wednesday - slowing from 6.6 percent in May.

    Individually, prices for agriculture, forestry and marine products rose 10.7 percent on year, while manufacturing products were up 10.8 percent, utilities fell 3.1 percent and services gained 2.3 percent.

    On a monthly basis, producer prices added 0.4 percent - down from 0.5 percent in the previous month.

    Individually, prices for agriculture, forestry and marine products rose 0.3 percent on month, while manufacturing products were up 0.6 percent, utilities rose 0.3 percent and services gained 0.2 percent.

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    INDONESIA INTEREST RATE DECISION DUE ON THURSDAY



    The central bank in Indonesia will wrap up its monetary policy meeting and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity.

    The central bank is expected to keep its benchmark lending rate unchanged at 3.50 percent, its deposit facility rate steady at 2.75 percent and its lending facility rate unchanged at 4.25 percent.

    Taiwan will release June figures for unemployment; in May, the jobless rate was 4.14 percent

    Hong Kong will see June numbers for consumer prices; in May, the annual inflation rate was 1.0 percent.

    Thailand will provide June figures for imports, exports and trade balance. In May, imports were up 63.54 percent on year and exports jumped an annual 41.59 percent for a trade surplus of $0.8 billion.

    Finally, the markets in Japan are closed Thursday (Marine Day) and Friday (Sports Day) and will re-open on Monday.

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    in ro ham eslah kon:
    UK CONSUMER SENTIMENT IMPROVES IN JULY: GFK



    UK consumer sentiment strengthened more-than-expected in July to reach ahead of its March 2020 pre-lockdown level, survey data from the market research group GfK showed on Friday.

    The consumer sentiment index rose to -7 in July from -9 in the previous month. The expected reading was -8.

    "This means it has now held firm or improved for six months in a row," Joe Staton, client strategy director GfK, said. "What happens across the remaining summer months will frame consumer confidence for the rest of 2021 and beyond," Staton added.

    Among components of the consumer sentiment index, two measures were up in comparison to June, two measures were down and one stayed the same in July.

    The assessment of the past personal financial situation fell to -1 from zero in June, while the outlook for the personal financial situation held steady at 11.

    Consumers' view about the past general economic situation climbed to -43 from -47, while expectations for the general economic conditions worsened to -5 from -2.

    At the same time, the major purchase index rose to +2 from -5 a month ago.

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