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Upbeat German industrial output injects confidence

Upbeat German industrial output injects confidence

Fri, 06 March 2015

German industrial output rose by more than expected in January, marking the fifth straight monthly increase and confirming a brighter picture of the Eurozone's powerhouse. German industrial output ros... [more]

Inventory accumulation to subtract more from US GDP in Q1

Inventory accumulation to subtract more from US GDP in Q1

Thu, 05 March 2015

The US economy was on track to expand at a slightly lower than expected pace in the first quarter as inventories built up, economists said on the heels of a government report. US factory orders declin... [more]

Euro/dollar drops below 1.10 for first time September 2003

Euro/dollar drops below 1.10 for first time September 2003

Thu, 05 March 2015

On Thursday evening the euro/dollar dropped below 1.10 for first time September 2003 in the aftermath of the European Central Bank's latest policy decision. ... [more]

US labour productivity continued to languish in the fourth quarter

US labour productivity continued to languish in the fourth quarter

Thu, 05 March 2015

The cost of employing a worker in the United States increased at the end of last year after output growth came off the boil much more quickly than workers' hourly compensation, revised government figu... [more]

Jobless claims rise to 320,000, highest since May 2014

Jobless claims rise to 320,000, highest since May 2014

Thu, 05 March 2015

Weekly claims for unemployment benefits in the States rose to their highest in nearly 10 months last week, according to data from the Labor Department on Thursday. Initial US jobless claims rose 7,000... [more]

Russia accuses NATO of using Ukraine crisis to close in on its borders

Thu, 05 March 2015

NATO is using the Ukraine crisis to encroach on Russia's borders, according to the Russian deputy defence minister Anatoly Antonov. Antonov told Russian news agency RIA Novosti: "We've noticed that NA... [more]

ECB to raise funding for Greek banks, QE to kick off 9 March

Thu, 05 March 2015

The European Central Bank (ECB) has raised emergency liquidity assistance for Greece by €500m and announced that it has removed the waiver on purchases of the nation's debt. Speaking at a press c... [more]

German industrial orders unexpectedly drop but DAX rallies before ECB

Thu, 05 March 2015

Germany's industrial sector performed worse than forecast as industrial new orders for January unexpectedly dropped. Data from the Eurozone's powerhouse on Thursday showed industrial orders fell 3.9% ... [more]

Euro sinks to 11-year lows on firmer USD and ECB QE

Wed, 04 March 2015

The euro currency met with levels it hasn't seen since 2003 on Wednesday as market participants geared up for Thursday's European Central Bank meeting which is expected to outline the latest bond-buyi... [more]

US services sector continues to grow at healthy pace

Wed, 04 March 2015

The US services sector expanded at a healthy pace in February, showing resilience in the first quarter of this year. According to data from the Institute for Supply Management on Wednesday, the non-ma... [more]

The City beats the ECB: counterparty clearing houses can stay in London

Wed, 04 March 2015

The City of London will remain a home for central counterparty clearing houses after a Brussels court has overruled a previous decision by the European Central Bank (ECB). The General Court of the Eur... [more]

US ADP report undershoots expectations with 212k jobs

Wed, 04 March 2015

The US economy created 212,000 jobs in February, indicating a modest slowdown in pace for jobs growth in the world's largest economy. According to data from the ADP National Employment Report, private... [more]

Eurozone retail sales register fastest surge to 10 years

Wed, 04 March 2015

Eurozone retail sales steamed ahead in January, exceeding forecasts by registering the fastest surge in 10 years. Data on Wednesday showed that sales rose 3.7% in the year to January, much higher than... [more]

Asian markets in retreat as investors digest Chinese and Australian data

Wed, 04 March 2015

Asian markets fell for a second consecutive session on Wednesday, after stocks on Wall Street dropped from record-highs and investors digested regional data. On Wall Street on Tuesday, the S&P 500 dro... [more]

FX round-up: Dollar falls ahead of data, Aussie dollar gains

Wed, 04 March 2015

The US dollar sank against most major currencies on Monday as market sentiment grew cautious about upcoming US employment data announcements that could raise forecasts for higher interest rates. Data ... [more]

Greece to receive EBRD funding until 2020

Tue, 03 March 2015

Greece will continue to receive financing from the European Bank for Reconstruction (EBRD) and Development until 2020, in the journey to economic overhaul. The EBRD, owned by 64 countries, the EU and ... [more]

Barclays cuts economic growth forecasts for Persian Gulf nations on lower oil

Tue, 03 March 2015

The sustained weakness in oil prices tarnishes the economic outlook for countries in Persian Gulf, according to Barclays which on Tuesday cut its growth forecasts for nations in the region and downgra... [more]

Eurozone producer prices hit by sharp drop in energy

Tue, 03 March 2015

Factory gate prices in the single currency area dropped more quickly than expected last month, dragged down by the precipitous fall in energy quotes. Producer prices decline by 0.9% over the month and... [more]

Ukraine's central bank raises main policy rate to 30%

Tue, 03 March 2015

The Ukrainian central bank has boosted its benchmark interest rate in a bid to staunch capital outflows and prop-up its currency, the hryvna. The main policy rate has been hiked to 30% from 19.5%. Uk... [more]

German retail sales speed ahead

Tue, 03 March 2015

In real terms German retail sales grew by 5.3% year-on-year in January. In seasonally adjusted terms they were 2.9% higher in December, according to the Federal Office of Statistics. That followed th... [more]

Greece rumoured to be in talks about third bailout

Tue, 03 March 2015

Greece is in talks to arrange a third bailout, according to several of Spain's government ministers. Alvaro Nadal, the economic adviser to prime minister Mariano Rajoy, said on Tuesday that Greece nee... [more]

FX round-up: Dollar rises despite weak data

Tue, 03 March 2015

The the dollar rose against most major currencies on Monday despite US manufacturing and personal income/spending data coming in below forecasts. The ISM's manufacturing purchasing managers index drop... [more]

US consumers keep a lid on spending despite rising incomes

Mon, 02 March 2015

US consumers kept a lid on spending in January, despite the improving economic fundamentals of the US economy and the better conditions of the jobs market. Personal spending in the US dropped 0.2% in ... [more]

Eurozone deflation eases more than expected

Mon, 02 March 2015

Eurozone consumer prices fell 0.3% in February, beating analysts' estimates for a 0.5% decline, and recovering from the previous month's 0.6% drop. Eurostat's preliminary estimate on inflation was sup... [more]

Chinese PMIs tell two different tales but still broadly point to growth

Mon, 02 March 2015

Contrasting data reports on Chinese manufacturing activity in February show two different stories but broadly indicate an up-trend in growth for the sector. According to the manufacturing index compil... [more]

FTSE 100 Top Risers

Name Last Chg.% Time
Weir Group 1,800.00 3.51 08:41
Taylor Wimpey 150.50 1.01 08:40
InterContinental Hotels Group 2,701.00 0.90 08:41
Legal & General Group 280.10 0.83 08:41
Sage Group 495.60 0.79 08:40

FTSE 100 Top Fallers

Name Last Chg.% Time
Kingfisher 360.70 -1.69 08:41
Fresnillo 724.50 -1.63 08:41
Intertek Group 2,555.00 -1.62 08:41
Aggreko 1,602.00 -1.42 08:40
Anglo American 1,149.00 -1.33 08:41