mynameisandhy Posted January 29, 2014 Author Report Share Posted January 29, 2014 News and Review of European Economic Zone (Italy) Business sentiment in Italy Down in January Wednesday, January 29, 2014 Sentiment among Italian factories unexpectedly fell for the first time in nine months in January , according to data on Wednesday , as the economy trying to emerge from the recession for 2 years . Manufacturing confidence index National Institute of Statistics ISTAT dropped to 97.7 in Januair month , below economists' forecasts for a rise to 98.7 . The confidence level of the manufacturing sector fell last time in April 2013. With the expectation of the level of orders and production are at the same level as in December , inventory levels fell slightly , the reason for decline in the index is largely due to the impact of seasonal adjustment , ISTAT said . ISTAT reported that the combined index , which combines the results of the survey of the manufacturing sector , retail , construction , and services , rose for the third month in January to 86.8 from a revised 83.8 for ( before 8:36 ) in December , reaching its highest level since November 2011 . Sentiment improved in the retail and service sectors , but worsened in the construction and manufacturing sectors , ISTAT said . After the recession and stagnation over the years , today's economy is smaller than a decade ago and did not grow since the second quarter of 2011 . ISTAT survey results were similar to the levels of consumer confidence released on Tuesday showed sentiment rose more than forecast in January to the improving sentiment on personal finance beat a decrease in the level of confidence in the country's economy . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 30, 2014 Author Report Share Posted January 30, 2014 News and Review of European Economic Zone (Germany) German Unemployment Down Sharply In January Thursday, January 30, 2014 The unemployment rate in Germany fell more than economists forecast in January as companies grow more confident in the strength of the country with the largest economy in Europe . The number of unemployed persons decreased by 28,000 into 2.93 million in January after a revised decline became 19,000 in December , according to the Federal Labor Agency based in Nuremberg . Economists had predicted a decrease of 5,000 people , according to the median estimate of 34 economists in a Bloomberg survey . The unemployment rate was at 6.8 % , unchanged from December , near the lowest level in two decades . Bundesbank predicts that the German economy will expand " strongly " in the coming months , the recovery is still fragile support in the 18 states . Ifo business confidence index rose to its highest level in 2 ½ years in January , with the benefit of strengthening domestic demand and foreign trade . " There is a positive sentiment in the German economy , but also from outside the euro area is taking such a positive impact as the improvement in the euro area , " said Daniel Lenz , an economist at DZ Bank AG in Frankfurt . " It will be a positive impact on export industries . " The unemployment rate fell as much as 16.000o rang in West Germany and 12,000 in the region timurm on show in a report by the department of labor . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 30, 2014 Author Report Share Posted January 30, 2014 News and Review of European Economic Zone (Spain) Spanish GDP accelerated in the Fourth Quarter Thursday, January 30, 2014 Spain's economic growth accelerated in the fourth quarter , underscoring Prime Minister Mariano Rajoy's assessment that the country with the fourth largest economy in the euro kasawan have overcome the slump at the end of the boom in the real estate sector . National Statistics Institute in Madrid based on today said that GDP expanded by 0.3 % in the quarter ended December 31 of the previous three-month period , an increase for the second quarter in a row for the first time since 2011. This figure , according to estimates from the Bank of Spain which was released on January 23 , after a growth of 0.1 % in the third quarter . Mekipun so , GDP shrank by 1.2 % for the full year level , after slumping by 1.6 % in 2012 , according to INE . Rajoy rely on household spending and investment to achieve the target in 2014 after export figures reached record highs has helped reduce the impact of budget cuts in the history of Spanish democracy in the past year . His government predicts expansion will move in the range of 1 % this year which will help stabilize the debt burden has increased more than doubled since 2008 . " It is clear that the economic situation will improve this year , " said Joseph Comajuncosa Ferrer , an economics professor at ESADE Business School in Barcelona . However , the key is the economy will improve confidence in the firm and household to help restore unemployment is still high . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 30, 2014 Author Report Share Posted January 30, 2014 News and Review of European Economic Zone (Turkey) Turkish Central Bank Bailout Euphoria Quickly Fades Thursday, January 30, 2014 The positive effects after massive rate hike from the central bank quickly faded Turkey on Wednesday, as investors fear the potential problems that will confront emerging fragile if the Fed continues to cut stimulus. Global stock markets also fell sharply, giving up of reinforcement that appear in the Asian session as concerns of investors to emerging market liquidity conditions. Turkey and South Africa are highly dependent on the flow of hot money to fund the current account deficit is still very vulnerable to the reduction of the Fed's stimulus. Effects of a high interest rate hikes by the central bank indeed inhibit the action of the Turkish Lira Turkish short selling, but it also seems to not trigger a capital inflow of hot money. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 31, 2014 Author Report Share Posted January 31, 2014 News and Review of European Economic Zone (UK) UK Consumer Confidence Highest Since 2007 Friday, January 31, 2014 UK consumer confidence released firm GfK showed -7 in January from -13 in December . The figure was the highest since September 2007 . Increased level of confidence was bolstered by an increase in the personal financial condition and the British economy . The data was released a few days after the British perekononomian said to grow 1.9 % in 2013 , the fastest growth rate since the 2007.Sementara Nationwide PLC said home prices rose in January to its highest level in more than six years , and data from Bank of England indicate approval of mortgage loans surged in December last year . Rising housing market usually sustain higher spending and pushing the level of confidence as a result of consumers feel more wealthy and happy when the value of their assets rise . While the fears of the fragility of the economic expansion still exist due to inflation and house price growth continues to exceed growth in incomes. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 31, 2014 Author Report Share Posted January 31, 2014 News and Review of European Economic Zone (Germany) Reduced released , Retail Sales Momentum staining German Economy Friday, January 31, 2014 German retail sales figures for the period of December 2013 released weaker than the previous one-month record . According to the statistics agency Destatis , retail sales in December fell 2.5 % , or contrary to the positive results recorded in November , which is +0.9 % . If measured on an annual basis , retail sales fell 2.4 % while reflecting a decrease in retail sales data ( annual ) since June 2013. Retail sales being the only German economic report released in January negatively . Previously two important reports that the unemployment rate fell sharply in the first months of 2014 , while indicators of consumer sentiment earlier this week in the best position to penetrate the last six years . Even so , the final result of retail sales data to watch out because the volatility is quite high and often revised . For the full fiscal year 2013 , retail sales rose as much as 0.1 % ( adjusted ) . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 31, 2014 Author Report Share Posted January 31, 2014 News and Review of European Economic Zone Eurozone Inflation Grows Under Half ECB Target Friday, January 31, 2014 Inflation in the euro area is still in the bottom half of the European central bank's target in January , driven by a decline in energy prices , adding the possibility for policy makers to cut interest rates next week . Consumer prices rose at an annual rate of 0.7 % from the 0.8 % rise in December , in the report by the European Union statistics office in Luxembourg today . The median estimate of 41 economists surveyed by Bloomberg News called for a 0.9% rise . It is the reading to four times in a row is less than 1 % . The central bank based in Frankfurt aims to keep inflation just below 2 percent . German bond yields 2 - year tenor fell to its lowest level since November yesterday after inflation in Germany is present below economists' expectations , adding weak evidence that price pressures in the euro area . President Mario Draghi unexpectedly memangaks benchmark interest rate to record low to 0.25 % in November after inflation slowed to 0.7 % level . " While the improvement in the growth outlook in the euro area , the ongoing problems in the banking sector , that caused by the ongoing credit contraction , will continue to be a barrier to growth and inflation , " said Colin Bermingham , an economist at BNP Paribas SA in London . " It will provide the latest pressure for ECB action . " Energy prices fell as much as 1.2 % after being flat in December , according to a report today. Core inflation rate , which is outside of some volatile items such as energy , food , alcohol and cigarettes , rose to 0.8 % to 0.7 % . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 3, 2014 Author Report Share Posted February 3, 2014 News and Review of European Economic Zone Euro Zone Manufacturing Streaking Above Estimates In January Monday, February 3, 2014 Factory production in the euro area expanded faster than the initial estimate in January , led by Germany and France , as permulihan economy in the euro area began to get traction enhancement . An index based on a survey of purchasing managers in the manufacturing industry rose to 54 from 52.7 in December , Markit Economics said London-based in a statement today. That exceeded the initial estimate of 53.9 on Markit January 23. A reading above 50 indicates expansion . Growth performance in the euro area in motion by Germany . Markit index for the largest economy in the euro area ( Germany ) exceeded the initial estimate and rose to 56.5 , the highest level in 32 months , from 54.3 . Meanwhile in France , the Markit index to rise to its highest level in four months at 49.3 . Manufacturing data today to add an encouraging sign that the nascent recovery in Europe continues to strengthen . The level of economic confidence in Europe rose for the ninth month in the month of Janaury , and industrial production rose by 3 % at an annual rate in November . European Central Bank expected the euro zone economy will grow 1.1 % this year , and will rise to 1.5 % in 2015. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 3, 2014 Author Report Share Posted February 3, 2014 News and Review of European Economic Zone (UK) UK Manufacturing Expansion Slows In January Monday, February 3, 2014 UK manufacturing growth drove slower than economists forecast in January as the easing of the pace of expansion . Index of factory activity fell to 56.7 last month from 57.2 in December , Markit Economics said in his report in London today . The median forecast of 32 economists called for a reading of 57.3 level and the level above 50 indicates expansion rate . Meanwhile Markit mengatakakan that the index was at its lowest level in three months , showing growth for the 10th month and on top of a series of moving averages . " Although the rate of expansion of production down slightly in recent months , growth is still on track one of the highest levels in the history of the survey in the last 22 years , " said Rob Dobson , an economist at Markit . " The domestic market is still the main pillar of growth rebound . Anticipation of economic growth over the balance of long might eventually also be in sight . " The UK economy expanded by 0.7 % in the fourth quarter , ended by becoming the best annual growth since 2007 amid growth in every industry except construction , said the Office for National Statistics ( ONS ) last week . While manufacturing grew by 0.9 % from the third quarter , it was still about 10 % below the peak level of the pre - session in 2008 , the ONS said . China's manufacturing index slipped to its lowest level in six months , in a separate show in the data , while the euro zone's manufacturing industry expanding more rapidly than initial estimates . In the U.S. , the growth rate eased , the predictions of economists before a report will be released at 22:00 pm in Washington . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 3, 2014 Author Report Share Posted February 3, 2014 News and Review of European Economic Zone (Germany) Germany Ready Signed New Aid Package for Greece Monday, February 3, 2014 The German government signaled U.S. approval for disbursement of Greek aid package in the near future . According to Der Spiegel magazine , the finance ministry prepares thrusts funds between 10 to 20 billion euros in compensation aid to Athens phase III . Comments increasingly strengthen the finance minister mounting speculation in the financial markets . The willingness of the German government to approve the bailout reflects a sense of satisfaction over what has been done by the Greek crisis of all time . Although the impact on unemployment surge and decline in national GDP figures , the Athens remained consistently execute the mandate of the European Union and its allies . According to Der Spiegel , the new loan package worth 10 to 20 billion euros is being prepared by Berlin . The media supposedly leaked document received approval from the finance ministry sources . If the later is true, then the aid package for Greece in accordance with what has been stated by the Finance Minister Schauble Wofgang last week . To the media , he mentions are studying the disbursement of additional funds for Greece but the numbers will not be as big as the previous bailout totaling 240 billion euros . " To be sure , the bailout for Greece will not be as big as the previous aid package , " said Schauble told the magazine Wirtschaftswoche . Greece to cost about 15 billion euros in order to remain operational in the next two years . As euro zone politics motors , Germany is coordinating aid programs to countries prisoners . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 4, 2014 Author Report Share Posted February 4, 2014 News and Review of European Economic Zone Rather than German , Greek Citizens Hours Much More Tuesday, February 4, 2014 Although the country was hit by the financial crisis of chronic , Greek citizens are not lazy people like what is thought by other European societies . The fact was revealed by a research institute that conducted the survey of working hours in a blue continent . Institute of Economic Studies ( IEE ) , the agency based in Spain , the research results mention that the hours of work the citizens of southern Europe such as Greece , Spain and Italy , even more than the working time resident of northern European countries that in fact the country is much more established in economies , such as Germany and the Netherlands . " They probably suffered most from the crisis , but they are not lazy folks , " commentator in the IEE report. According Almudena Semur , IEE manager , it would not be fair to compare the hours of work citizens of Greece, Italy and Spain with more developed countries . Greek citizens working 2,034 hours per year , while the population of Italy , Spain and Portugal to work according to standards set by the Organisation for Economic Co - operation and Development ( OECD ), which is an average over 1,765 hours per year . Whereas most Germans only spent 1,397 hours at work locations , the Dutch also only 1,381 hours and 1,420 hours of Norwegian enough . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 4, 2014 Author Report Share Posted February 4, 2014 News and Review of European Economic Zone (Spain) The Spanish Labor Market Improves in Early Years Tuesday, February 4, 2014 Good news emerged from the European region , where one of the Spanish state economic data shows improvement . The unemployment rate in the country is recovering from the crisis it was still increased in January 2014 , but the rate of increase is the lowest since 2007 . The facts disclosed by the Ministry of Labor in today's announcement of the results of the data . The number of people registering for unemployment benefits rose 113,097 bringing the total to 4.8 million people . However if corrected again by considering seasonal factors , the unemployment rate only increased by 3,907 compared to the previous month . Thus, in January was the sixth month in which the rate of increase in the unemployment rate to decline in a row . Regardless of the release of the latest data , Spain is the country with the number of non - workers second largest in Europe . As many as 26 % of people without work to date . After being caught in a recession for the last 1 ½ years , sectors of the Spanish economy has recorded an 0.1 % growth in the third quarter of 2013 . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 4, 2014 Author Report Share Posted February 4, 2014 News and Review of European Economic Zone (UK) UK Construction Activity Jumps In January Tuesday, February 4, 2014 UK construction sector expanded at the fastest pace since August 2007, the last month as housing activity led gains in all areas of development . Construction activity index rose to 64.6 from 62.1 in December , Markit Economics said today in London . The median forecast of 19 economists called for a reading dropped to 61.5 . This is the strongest reading since the onset of the financial crisis in the UK . The increase in home construction last month was the fastest pace since November 2003 , in the show by the data . The report shows an increase in momentum in some areas of the economy that are still building , after a separate report by Markit yesterday showed manufacturing growth is on track late last month . The construction sector in the last year helped push the economy had the best annual performance since 2007 . Bank of England officials will begin a two-day policy meeting tomorrow . " Survey in January guarantee that the construction recovery in the UK is still on track , " said Tim Moore , senior economist at Markit said in a statement . " Growth in housing activity currently stands at its strongest level for the past decade , driven by the increasing growth of the construction of new homes and increasing confidence in the property market in the UK . The increase in commercial construction and civil engineering is the terbesr since the summer of 2007 , Markit said . Confidence for the next few years is the most positive since September 2009 . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 5, 2014 Author Report Share Posted February 5, 2014 News and Review of European Economic Zone Domestic Demand Still Weak Euro Zone Wednesday, February 5, 2014 The euro zone economy is not growing too fast compared to the previous estimate , while the slowdown in Russian and South African still add to the anxiety of global economic recovery . PMI index for the euro zone , which measures the activity of manufacturing and services sector rose to 52.0 in January compared to 52.1 the previous month , signaling expansion , but the figure in January was slightly lower than the initial estimate of 53.2 . The survey also indicates that the various businesses began to stop layoffs and labor market improvement has the potential to continue . On the other hand , retail sales fell -1.6 % in November , while the biggest decline since May 2011 . Where retail sales fell sharply in Spain and Portugal . Overall the euro zone 's economic recovery signals can reduce the pressure for ECB rate cuts in the near future , however, weak retail sales data giving signals weak demand thereby increasing deflationary pressures in Europe especially those that have high enough levels of unemployment and government budget austerity efforts to fix the deficit . Data - the fundamental data will certainly be a consideration for the ECB which will hold a monetary policy meeting on Thursday . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 5, 2014 Author Report Share Posted February 5, 2014 News and Review of European Economic Zone (UK) UK Service Sector Fall In January Wednesday, February 5, 2014 UK service sector unexpectedly slowed in the last month , as the amount of expansion of new business fell to its lowest level in eight months and rainy weather limiting activity . Activity index declined to its lowest level in seven months, to 58.3 from 58.8 in December , Markit Economics said in a report today in London . The median forecast of 32 estimates in a Bloomberg survey called for a reading level of 59 . Level above 50 indicates growth . Meanwhile, in separate report on the services sector in the euro area grew at a slower rate than the initial estimate , while for the data further , economists expect the U.S. rose industry . At the moment the UK economy expanded at the fastest rate since 2007 last year , a report today showed the momentum may have subsided at the beginning of this year . In a separate report by Markit which was released this week also showed that the manufacturing sector also weakened in January . " Although the pace of expansion slowed , kta must remember that growth has been very strong in the previous month , and this is also part of the UK that looks at the flush of continuous rain , " said Chris Williamson , chief economist at Markit . " With businesses upbeat on future after reaching its highest level in nearly four years , we should see a resurgence of growth back in February . " Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 5, 2014 Author Report Share Posted February 5, 2014 News and Review of European Economic Zone (UK) Failed Investment , British Petroleum Decide boss stepped down Wednesday, February 5, 2014 One of the original crude oil producer United , Premier Oil PLC , a few hours ago announced that its CEO plans to resign . Simon Lockett reportedly intends to retire after serving nine years in the oil exploration specialist company . Lockett called if the company will continue to lead the company until a successor is actually found . He will guide the company's transition course before actually wash their hands of responsibility. In recent years , Premier Oil 's CEO is under pressure following the acquisition policy ownership Sea Lion project in the region of the Falkland Islands . Investment company is considered one calculation because in its development it requires huge funds and erode the company's cash . Premier shareholders view the company as a solid and reliable , especially in terms of production . But they are disappointed lately because the company is not able to answer the technical challenges in exploration projects in the Falklands when the development process has been costly. The company 's share price has also fallen recently after the company reduced its production forecasts Because of problems last year at its North Sea projects and in Vietnam . " Investors do not like the Sea Lion project deal and we will see the new possibilities of oil out of there within the next five years , " said Nathan Piper , an analyst at RBC Capital Markets . Under the leadership of Lockett for nine years , Premier is able to hoist the production amount to 56 % and its share price rose more dari140 % . " I believe that now is the right time to change leadership . However for now my focus to guide the transition process , " said Lockett . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 6, 2014 Author Report Share Posted February 6, 2014 News and Review of European Economic Zone (UK) Carney Seen On Hold Interest Rates Central Economic Empowerment Thursday, February 6, 2014 Bank of England Governor , Mark Carney and his colleagues are arguing over how they can reflect the strength of the UK economy in their estimates without having to suggest a rise in interest rates . Officials are putting together the latest quarterly economic outlook , as it will be published next week , and review of guidelines for how the estimated number of unemployed declined after approaching to the threshold for considering a rate hike . Carney said that he was not in a hurry to end the emergency stimulus , and economists expect the Monetary Policy Committee ( MPC ) will keep its benchmark interest rate at the level of 0.5 % on a monthly decision today . Carney is currently facing the biggest test of the credibility of its superior policy itself since launching six months ago as he tried to convince households and businesses that the economy has considerable spare capacity to extend the low borrowing costs that has lasted nearly five years . Officials get tekaanan that the UK currently at risk from the euro zone economy is struggling to gain traction and growing market is volatile . " The biggest picture is tightening in the labor market and that means a rate hike will come sooner than they thought before , " said Rob Wood , an economist at Berenberg Bank in London and a former Bank of England official . " The difficulty is that they have made an error estimate is large enough, now they need a bit of courage to face the challenges in the short term than what they had previously planned . " Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 6, 2014 Author Report Share Posted February 6, 2014 News and Review of European Economic Zone (Germany) The number of German Factory Orders Dropped In December Thursday, February 6, 2014 Total factory orders in Germany unexpectedly declined in December amid pelamahan domestic demand , sinyalkan that companies in countries with the largest economies in Europe are still hesitant to invest as surrounding countries are still struggling to maintain recovery . The number of reservations , which are customized with seasonal changes and inflation , fell 0.5 % from November , which is when it rose to 2.4 % in the revision , pereknomian ministry said in Berlin today . Economists had expected to rise 0.2 % , according to the median estimate of 39 economists in a Bloomberg survey . Total bookings increased by 6 % from a year ago when adjusted to the number of working days . A slow recovery in the 18 countries of the euro area , which is Germany's largest trading partner , and the economic slowdown in developing countries has the potential to weigh on sentiment and growth . While the Bundesbank forecasts the economy will expand " strongly " in the early months of 2014 , the level of investor confidence unexpectedly slid this month from its highest level in seven years . " We really do not see an acceleration in the German economy , due to the fact that the global economy is still quite weak , " said Johannes Gareis , an economist at Natixis in Frankfirt . " We are seeing a steady pace on the German growth this year . " Total domestic demand for turn by 1.6 % in December from the previous month , while export demand rose by 0.4 % , on the day of the show on this . The number of orders from the euro area rose by 7.5 % , and for outside the euro area fell 3.7 % . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 6, 2014 Author Report Share Posted February 6, 2014 News and Review of European Economic Zone ECB Hold Interest Rates At Level 0:25 % Thursday, February 6, 2014 European Central Bank maintained its benchmark interest rate unchanged as the officials chose to put aside their worries that inflation will probably remain low for a long time . Twenty- four members of the Governing Council , which met in Frankfurt today , left the benchmark interest rate at the level of 0:25 % , a decision predicted by 62 of 66 economists surveyed by Bloomberg . The remaining estimated trimming of 12:10 % . The ECB also hold the interest rate at zero level of deposit and marginal lending at 0.75 % level . The signs of a strengthening economy and the central bank forecast that inflation will gradually rise from the lowest level in four years towards the ECB's target of just below 2 % has been given ECB President Mario Draghi reason to hold interest rates . In fact , the price increase is less than half of the target ECB and global market turmoil given the threat to the recovery in the region , he probably will announce other measures as early as today, according to economists from Scotiabank and ABN Amro Bank NV . " Speculation about the possibility of additional policy easing has increased , " said Fredric Pretet , analyst at Scotiabank in Paris . He predicted the ECB would cut interest rates between the months of March or April and Draghi might say would further strengthen its policy guidelines or sterilization of bond purchases to end the crisis under way at a press conference . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 7, 2014 Author Report Share Posted February 7, 2014 News and Review of European Economic Zone ECB Will Decide Policy in March Friday, February 7, 2014 European Central Bank President Mario Draghi said the ECB will take action as soon as possible to address the lack of inflation in March , when more data is available in the Euro Zone economy . " We will be ready for action . The reason for the decision not to act ( giving further stimulus ) due to the complexity of the situation I described , and the need to get more information "Draghi said in a press conference after deciding to keep interest rates at a level tingka 0.25 % yesterday . The ECB will publish its quarterly macroeconomic forecasts on next month , including the first perdiksi inflation for the year 2016 , which previously provided evidence supporting further monetary easing . Draghi is trying to walk past the Euro area 's fragile economic recovery , check out the extensive health of the banking system , as well as negotiating a global market volatility triggered by the decision by the U.S. Federal Reserve's decision to reduce monetary stimulus . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 7, 2014 Author Report Share Posted February 7, 2014 News and Review of European Economic Zone Hinting Draghi ECB Ready to Act Waiting Until March Friday, February 7, 2014 European Central Bank President , Mario Draghi sinyalkan that officials will wait until next month before deciding whether they will cut interest rates further or not as stable financial markets and the economy showed some signs of recovery . " The reason for today's decision not to act is due to the complexity of the situation really as I described and in need to get more information , " Draghi said in Frankfurt today after the ECB maintained its benchmark interest rate . " We are willing , and we are ready to act . " The ECB will have more details on the performance of the economy in the next month , when estimates of quarterly reports published , he said . The euro rose after some traders previously speculated that the central bank will cut interest rates today . Draghi tried to guide the euro through a fragile recovery and extensive health checks on the banking system , as well as negotiate pergeralam global markets triggered by the Federal Reserve's decision to begin their exit from stimulus policies . " We are still determined to maintain a high level of monetary accommodation and will take further decisive action if necessary , " said Draghi . " We reiterate firmly in our policy guidelines . We continue to expect the ECB's main interest rate is still at current levels or even lower. " Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 7, 2014 Author Report Share Posted February 7, 2014 News and Review of European Economic Zone (Germany) During the German Industrial Production Drops In December Friday, February 7, 2014 German industrial production unexpectedly slipped in December , sinyalkan that the largest economy in Europe is still vulnerable to weakness throughout the country in the euro area . Production plants , which are customized with seasonal movement , decreased by 0.6 % from November , when production was up in revision to 2.4 % in the previous month , the economy ministry said in Berlin today . Economists had forecast to rise 0.3 % , according to the median estimate of 40 economists in a Bloomberg News survey . Production rose as much as 2.6 % from a year ago when adjusted for working days . At the time of the German Bundesbank predicts the economy will expand by " strong " in the early months of 2014 , turmoil in emerging markets and the fragility of the recovery in all 18 countries of the euro area which is the largest trading partner of Germany , may weigh on production . The number of German factory orders unexpectedly fell in December , although the level of business confidence was at its highest level in 2 ½ years . " These data are very volatile , " said David Mackie , chief European economist at JP Morgan Chase & Co. . in London . " We continue to expect capital spending will rise this year . " Manufacturing production fell to 0.5 % in December from the previous month and investment in goods production fell to 2.5 % , according to a report today . Production of basic goods , consumer and construction rose Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 10, 2014 Author Report Share Posted February 10, 2014 News and Review of European Economic Zone (France) French Economic Growth Slows estimated Monday, February 10, 2014 Bank of France business survey showed French economic growth in the first quarter of 2014 will be slower than the last quarter of last year . The second largest economy in the Eurozone is expected to grow by 0.2 % in the first three months of 2014. The figure will be tagged slowdown of 0.5 % which surveyed the Bank of France for the last quarter of 2013 . Business sentiment in the manufacturing sector remained stable in January from the previous month at 99 , and industrial activity is expected to continue the expansion in February . While in the service sector , business sentiment showed a slight increase to 94 in January from the previous month at 93 . Other data released today Insee showed French industrial production at the end of last year was lower than expected . In December , the French industrial production fell 0.3 % from the previous month , while economists expected a decline of 0.1 % . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 10, 2014 Author Report Share Posted February 10, 2014 News and Review of European Economic Zone (UK) Improved Economy , UK's Citizens Not Feel yet the Life Improvement Monday, February 10, 2014 The UK economy grew in 2013 ago , and acceleration even be the fastest in the last six years . But that does not mean its citizens enjoy economic recovery trend is supposedly taking place , at least that's the facts revealed by the survey of the national media . UK Gross Domestic Product grew 0.7 % ( yearly ) in the fourth quarter last and when calculated for a full year , the value of the country's economy increased 1.9 % in the year 2013 . The high activity in the service sector and manufacturing became a major contributor to national economic progress . According to the Statistical Office of the United Kingdom, the domestic economy grew in every quarter in 2013 ago . This fact is certainly fun for Chancellor George Osbourne , who has long sought to convince its citizens that the economic strategy will be effective . Shortly after the GDP data released last January 28 , Osborne said that the growth rate 0.7 % ( fourth quarter ) is a safe level . However, the excitement is not government welcomed by the public , as shown by the results of a national survey Guardian media . As many as 76 % of respondents in a poll by the Guardian - assess growth figures do not reflect the conditions in the community . Some parts of life are not yet fully support the well-being of citizens , for example as the ratio of salary increases , which is only 0.9 % or below the average inflation reached 2 % . Imbalance between income and purchasing power is what complaints by the people . Until the results of today's poll , only 24 % of respondents who consider an increasing number of national economy in line with the improvement of their fate . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 10, 2014 Author Report Share Posted February 10, 2014 News and Review of European Economic Zone (UK) Depressed Sterling Ahead of BoE Inflation Report Monday, February 10, 2014 Sterling traded lower against the dollar, ahead of the BoE's quarterly inflation report on Wednesday. In the report the BoE will provide an estimate of economic growth and the consumer price index. BoE meeting last week to keep interest rates of 0.50% and the asset purchase program at £ 375 billion. governor Sterling on Friday had gained sharply against the dollar after data on non-farm payrolls release is lower than estimated. The U.S. Labor Department on Friday said the U.S. economy added 113,000 workers in January, well below estimates of 185,000., While the unemployment rate fell to 6.6% from 6.7%. Such data makes the dollar pressured against almost all major currencies. GBPUSD is currently trading at around 1.6393 with daily highs 1.6426, 1.6381 and lows. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.