Saturday, Nov 30, 2024

International Finance

Category : Economy

Germany’s industrial production plummets in May

International Finance Desk
by International Finance Desk
Latest official data reflect grim tidings of independent reports that said business conditions were less rosy than painted, reports Team IFM Wiesbaden, July 10, 2014: Germany, the Euro zone’s largest economy, saw its industrial production go down at its quickest clip in two years in May, challenging government claims that the economy was fast on...
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Australian business confidence on upward curve

International Finance Desk
by International Finance Desk
Budget blues dissipating and mood in industry improving as conditions become better, reports Team IFM Sydney, July 10: Business confidence in Australia has shown no ill effects in June from the government’s “tough budget”, according to the report of a survey released by the National Bank of Australia (NAB) on Tuesday. The much-followed NAB report...
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FIFA World Cup fails to lift Brazil, shows apex bank data

International Finance Desk
by International Finance Desk
Monthly budget deficit in May almost touches all-time high while HSBC survey signals further deterioration in factory sector, reports Team IFM Sao Paolo, July 9: Brazil’s dalliance with  fiscal instability continued in May, data released by the country’s central bank on July 1 shows, sinking hopes that the ongoing FIFA World Cup would lift it...
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UK: A bounceback in June is possible

International Finance Desk
by International Finance Desk
According to key surveys, business order books are at high levels. July 9: The UK manufacturing output numbers for May are remarkably soft. Rather than rise 0.4%MoM as expected by the market, which seemed fully justified on the basis of the CBI industrial trends numbers and the manufacturing purchasing managers’ indices, it actually fell 1.3%MoM....
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Oil dips, gold resilient despite US economic cheer

International Finance Desk
by International Finance Desk
Risk of Iraqi oil disruptions faded and in Libya, two major oil terminals are going to reopen following a year-long blockade. 8th July 2014 Bloomberg Commodity Index falls for second consecutive week Oil droops as Iraq fears fade and Libya is poised for export resumption Outlook to bumper corn and soybean crops in the US...
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US non-farm payrolls rise in June exceeds expectations

International Finance Desk
by International Finance Desk
Revisions to the previous two months were minimal, so the figure can be taken more or less at face value 7th July 2014 US non-farm payrolls rose 288K in June, exceeding consensus expectations (215K, ING 220K), though in line with the strong ADP reading (281K). Revisions to the previous two months were minimal at +29K,...
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Strong Euro is hampering German export growth

International Finance Desk
by International Finance Desk
Independent survey report also points to slowdown in manufacturing sector, reports Team IFM Wiesbaden, July 3: The rate of inflation in Germany accelerated faster than expected in June on a monthly basis, according to official data released last week even as an independent survey report said its goods producing sector has been stagnant since May,...
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UK economy trots at healthy pace, trend to stay

International Finance Desk
by International Finance Desk
Official data showing upswing in manufacturing and construction sectors has buoyed growth, reports Team IFM London, July 3rd: The UK grew at an encouraging clip both on an annualised and quarterly basis in the January-March period in 2014 but still remained below projections, recent official data shows. A leading investment bank predicted that this level...
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