mynameisandhy Posted April 24, 2014 Author Report Share Posted April 24, 2014 News and Review of European Economic Zone (Germany) German Business Confidence Up in April Thursday, April 24, 2014 The level of German business confidence rose in April , signaling optimism that Europe's largest economy will be able to withstand the risk of political turmoil in Ukraine who can suppress inflation in the euro area . Ifo business sentiment index from the Institute which surveyed 7,000 executives rose to 111.2 in April , from 110.7 in the previous month , while the estimated break -down to 110.5 by economists . German manufacturing and services activity in April showed accelerated expansion slick above economists ' expectations , and lead the economic recovery in the country's 18 blocks . At the same time , the European Central Bank pledged to increase monetary stimulus if needed to fight inflation weak in that area . Annual inflation in the euro zone in March of 0.5 % was the lowest in the last four years . Eurostat will release inflation data this month on April 30 , and the ECB will hold a monetary policy meeting on May 8. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted April 25, 2014 Author Report Share Posted April 25, 2014 News and Review of European Economic Zone (UK) UK Retail Sales Slightly in March Friday, April 25, 2014 Expected to decline , retail sales actually rose slightly in March , again providing evidence the UK economy continues to build momentum reinforcement . Office for National Statistics said retail sales rose 0.1 % in March from February , breaking a decrease of 0.4 % estimated by analysts . However, the increase in retail sales in February was revised down to 1.3 % from 1.7 % . The ONS also said that in the first quarter retail sales rose 0.8 % from the previous quarter grew 0.6 % . Next week the ONS will release data on UK economic growth in the first quarter , according to Bank of England forecasts gross domestic product will grow by 1 % , being the highest in the past year . Britain's economic recovery in 2013, supported by consumer spending , and likely will also boost economic growth this year after rising salary levels above the rate of inflation for the first time in four years . BOE promised to keep interest rates at record lows until the slack in the economy is lost . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted April 25, 2014 Author Report Share Posted April 25, 2014 News and Review of European Economic Zone (UK) Sterling Powered Interest Rate Increase Expectations Friday, April 25, 2014 Sterling remained firm against the dollar on Thursday , although the data showed U.S. durable goods orders surged in March , and recorded the largest increase in four months . Strengthening of sterling underpinned by expectations of strengthening the UK economy will push the Bank of England to raise interest rates sooner than the U.S. Federal Reserve . The U.S. Commerce Department reported durable goods orders or durable goods orders rose 2.6 % in March from the previous month when it rose 2.1 % . While durable goods orders subject or core durable goods orders , which do not include the transportation sector , rose 2.0 % from February when it rose only 0.1 % , was the highest spike since last more than one year . Discussion about when the Bank of England will raise interest rates continue to dominate trade sterling . The decline in the unemployment rate that is faster than the central bank forecasts , and economic growth in the UK including the fastest among other developed countries , fueling speculation interest rates will rise at the beginning of next year . UK economic recovery is also seemingly from the Confederation of British Industry report which showed sales volume index of retailers and wholesalers reached number 30 on this month , up from the previous month at 13 , and well above economists' estimates by 18 . Toughness sterling will be tested on Friday trading , where the Office for National Statistics will release April retail sales data , which is expected to fall 0.4 % from March . Release data better than expected will further confirms the strength of the economic recovery of the UK and sterling opportunity to bring back to its highest level in four years . GBPUSD is currently in the range of 1.6798 , having gained 0.10 % , with daily lows and highs 1.6764 1.6805 . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted April 28, 2014 Author Report Share Posted April 28, 2014 ECB 's Noyer : Strengthening Euro Burden Rate Price Monday, April 28, 2014 Member of the board of governors of the European Central Bank , Chirstian Noyer ruled out the risk of deflation in the euro zone , but it underlines the strengthening of the euro weighed on the rate of inflation . Noyer said the strengthening of the single currency is a challenge for the Euro Zone , the reinforcement is one factor low inflation . " According to our calculations , if the exchange rate of the euro at the level of the end of 2012 , or 10 % lower than the current value , then the inflation now will reach 1 % " Noyer said . Noyer said the price will increase from the current level approaching the ECB's target in two years. Noyer who is also the Governor of the Bank of France said supporting economic policies of President Francois Hollande , but also urged the government to make further changes to encourage economic growth . Ffor the government's efforts to restore the competitiveness of enterprises and trimming the budget deficit by Noyer is key to the euro zone , but he also called for a more flexible labor market . Other ECB officials , including President Mario Draghi , signaled their concern that inflation will be too low . ECB's Draghi signals memberkan will take additional steps , including the purchase of assets , to provide stimulus to the economy and accelerating inflation . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted April 28, 2014 Author Report Share Posted April 28, 2014 News and Review of European Economic Zone ECB officials : Strengthening Euro Inflation Inhibitory Achievement Monday, April 28, 2014 Members of the Board of the European Central Bank ( ECB ) , Christian Noyer , a few moments ago expressed her opinion on the price dynamics of consumer products in Europe . According to him , the EU exposed to the risk of deflation is very small even though he also admitted that the strengthening of the Euro exchange rate also weighed on the prices . Council member Christian Noyer is most critical in addressing the Euro exchange rate movements in recent times . He even claimed the dynamics of a single currency in the forex market is one factor that lowers the rate of inflation . " According to the calculation of the ECB , if ( currency ) Euro is now about 10 % lower than the position at the end of 2012 , inflation should be close to 1 % , " he said . Noyer assumes a single exchange rate has flown strong capital flows from emerging markets to the euro zone . The countries that are trying to recover from the debt crisis greatly benefited by this phenomenon . " Confidence in the prospects of investment in Europe started normally , but its effect on the currency can not be tolerated , " he said . Trend is still overshadowing the economic slowdown after the euro zone debt crisis three years ago . The central bank has not successfully address these challenges despite monetary easing perform a variety of strategies . For this reason , the possibility of the ECB is willing to adapt a longstanding policy in the United States . The combination of negative interest rates and the printing of new money into a last resort to boost inflation in countries using the single currency . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted April 28, 2014 Author Report Share Posted April 28, 2014 News and Review of European Economic Zone (Italy) Italian Consumer Confidence Up in April Monday, April 28, 2014 Statistics institute Istat said Italian consumer confidence rose in April as public optimism on economic conditions in the future. Rising levels of consumer confidence showed a new government led by Prime Minister Matteo Renzi has a positive impact on Italy. Istat reported its consumer confidence index rose to 105.4 in April from 101.9 the previous month. The April figure is also the highest since January 2010, although Istat in June last year to replace some of the survey methodology. According to Istat, Italian households are likely to have low debt levels and have substantial savings, said the rise in sentiment bolstered by the economic situation and their personal expectations. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted April 28, 2014 Author Report Share Posted April 28, 2014 News and Review of European Economic Zone (UK) GBPUSD New Translucent Highest Level Since November 2009 Monday, April 28, 2014 GBPUSD, when the European market began to open, grow stronger and now has hit a new high since November 2009 at 1.6851. GBPUSD opened this morning at around 1.6802. This strengthening is triggered by the action of mergers and acquisitions that have been confirmed are among Pfizer, a large pharmaceutical companies from the U.S., which will acquire pharmaceutical companies AstraZaneca of England. M & A is estimated to be worth more than $ 100 billion and will be the biggest takeover since 2000 when Pfizer took over Warner-Lambert Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted April 29, 2014 Author Report Share Posted April 29, 2014 News and Review of European Economic Zone (Spain) Spanish Unemployment Rate Rises Slightly Tuesday, April 29, 2014 The number of unemployed in Spain decreased by more than 300,000 to just under 6 million in the first quarter , when compared with the same period last year . Which proves if the economic rebound has helped ease the country matador one of the worst jobs crisis in developed countries . Nevertheless, the national statistics bureau report on Tuesday also showed the unemployment rate in Spain actually recorded a slight increase to 25.9 % in the first 3 months of this year from 25.7 % in the last quarter of 2013 . This increase is claimed to be caused by changes in the basis for calculation , as the statistics bureau began back in 2011 using census and the 2001 census meode left . An examination of the previous calculation method , the Spanish unemployment rate in the 4th quarter of last year will stand at 26 % . Spain continues to show positive growth after a fall during the last 6 years . Last week , the Bank of Spain said that economic growth in the 4th largest euro zone has accelerated in the first quarter following an increase in consumer spending and corporate investment . In April economic bulletin , the Bank of Spain predicts the quarterly economic growth rate will reach 0.4 % in the January-March period . Annual growth is also expected to show an increase , for the first time in 9 quarters , with growth of 0.5 % Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted April 29, 2014 Author Report Share Posted April 29, 2014 News and Review of European Economic Zone (UK) UK Economy Grows 0.8 % in First Quarter Tuesday, April 29, 2014 UK economic growth accelerated in the first quarter amid signs of economic recovery began expanding beyond consumer spending . Office for National Statistics said gross domestic product UK period from January to March grew by 0.8 % , from the last three months of 2013 when it grew 0.7 % . However, economic growth in the first quarter is still below economist estimates of 0.9 % . Britain is expected to be the country with the highest economic growth among other G7 countries in 2014 , thus raising the prospect of a rate hike by the Bank of England at the end of the year . BOE Governor , Mark Carney , said central bank officials " optimistic but cautious " on the UK economy . All major sectors recorded growth in the first quarter industrial production rose 0.8 % , manufacturing activity increased 1.3 % , and the construction sector grew 0.3 % . The service sector is the largest part of the economy timbuh 0.9 % . From the same period the previous year , GDP grew 3.1 % , being the highest since the fourth quarter of 2007 . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted April 29, 2014 Author Report Share Posted April 29, 2014 News and Review of European Economic Zone The EURO Do not worry about ECB Tuesday, April 29, 2014 The euro posted a slim gain in Asian session as investors are now not so worried about the potential for ECB monetary easing in the near future . According to Bloomberg , in a speech to the German Parliament , ECB President Mario Draghi said the program Quantitative Easing ( QE ) will not take place in the near future . However, the ECB 's Draghi still reiterate the central bank 's readiness to carry out QE if needed . EUR / USD is now trading 1.3872 ; away from low -level daily 1.3848 The report can be sinyalkan that the ECB probably will not loosen monetary policy when it meets on May 8 . Comment Vice President Vitor Constancio ECB also gives the same tone . ECB 's Constancio express euro - zone inflation data for April will not be enough to trigger a change in policy . Euro-zone annual inflation data will be released on Wednesday is predicted to increase from 0.5 % to 0.8 % . A series of previous ECB officials have sinyalkan readiness of the central bank to loosen monetary policy if the threat of deflation in the euro zone increased . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted April 29, 2014 Author Report Share Posted April 29, 2014 News and Review of European Economic Zone (Germany) German Inflation Under Estimates , Pressure Increases For ECB Tuesday, April 29, 2014 German inflation data released under the estimated back pressure for the European Central Bank to take steps to address the low inflation in the Euro zone . Destatis released German consumer price index data in April of 0.2 % from the previous month when it grew 0.3 % . The April figure was also below estimates of -0.1 % . While compared with the same period the previous year , inflation grew 1.3 % lower than the estimate of 1.4 % . While the Federal Statistics Office released the German inflation rate using the method of calculation of the EU by 0.3 % from March when it grew 0.3 % , and 0.1% below estimates . While from the previous year inflation in April rose 1.1 % below estimates of 1.3 % . " Inflation figures from Germany , which is the economy in the region , an early indication of inflationary Eurozone . I am very confident in the Euro Zone inflation will go up , but if not , Draghi is likely to act "said Jens Krame , economist at NordLB Hanover . President of the ECB , Mario Draghi , hinted that he would use un - conventional ledge ranging from negative interest rates until the asset purchase program to deal with the risk of deflation in block 18 countries. The inflation rate in the Euro Zone will be released next Wednesday , and is expected to rise to 0.8 % , from the previous month grew 0.5 % , and an inflation rate lowest in more than four years , and much of the ECB's target of 2 , 0 % Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted April 30, 2014 Author Report Share Posted April 30, 2014 News and Review of European Economic Zone (Spain) Spanish Economy Grows 0.4% in First Quarter Wednesday, April 30, 2014 Spanish Statistical Bureau, INE, reported Spanish economy grew 0.4% in the first quarter is the fourth quarter of 2013. Demand from a strong domestic contributed greatly to the growth of the Spanish economy. The figures in the first quarter also showed significant growth from the fourth quarter of 2013, which grew 0.2%. INE also reported on as compared with the same period a year earlier, gross domestic product grew 0.6%, the first positive growth since the second quarter of 2011. Last week, the Bank of Spain released estimates of gross domestic product, and said the increase in consumer and investment company belanaj help the economic recovery. Bank of Spain in April economic bulletin estimates the Spanish economy will grow 0.4%, in line with the release of data from INE, but from the previous year the central bank to give an estimate of 0.5%, below the INE data release. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted April 30, 2014 Author Report Share Posted April 30, 2014 News and Review of European Economic Zone (Germany) German Retail Sales Down 1.9% in March Wednesday, April 30, 2014 Germans Destatis reported retail sales in March fell by 0.7%, after two months of positive in early 2014. Figure is also lower than the estimated 0.6% decline. While from the previous year retail sales fell 1.9%. While in the first quarter retail sales grew 1.3% from the same period in 2013, as well as support eskpetasi German economy is very tough in the first quarter The level of public confidence in the German said to go up some time later due to pendatan eskpetasi better, which is related to the labor market and low inflation. Tensions between Ukraine and Russia is said to undermine the confidence level. GfK survey said the takeover of the Crimea by the Russian cause some consumers fear will disrupt the German economic recovery. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted April 30, 2014 Author Report Share Posted April 30, 2014 News and Review of European Economic Zone Eurozone Inflation Rise in April Wednesday, April 30, 2014 Eurostat released data on the initial estimate of Eurozone inflation in April rose to 0.7 % compared to the same period of the previous year , and higher than in January when it grew 0.5 % . However, the inflation rate is still lower than economists' estimates by 0.8 % , and still far from the European Central Bank's target of 2% . April became the seventh straight month inflation in the Euro Zone is under 1 % . Fear blocks 18, the country will sink into deflation began in October, when inflation grew only 0.7 % , being the lowest in the last 47 months , the ECB cut interest rate cut to 0.25 % on November policy meeting . The central bank has not changed its policy until the last meeting earlier this month , but the President of the ECB , Mario Draghi , said members of the policy -makers have been discussing options to curb the threat of deflation in the future , among other options QE , interest rate cuts and the deposit facility . Although some central bank officials said there was no risk of deflation in the euro zone , but Draghi also repeatedly warned of the high euro exchange rate , which is considered as one of the causes of low inflation . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted May 1, 2014 Author Report Share Posted May 1, 2014 News and Review of European Economic Zone (Portugal) Portugal Stand Out From Bailout Program Thursday, May 1, 2014 Portugal will exit the program without financial support emergency bailout, the Financial Times reported. It must be quite a relief considering the last 6 months, predicted Portugal will need a second bailout program for her. Portugal would become the 2nd exit after Irish rescue program the European Union and the IMF. Pedro Passos Coelho Prime Minister is expected to make an announcement on Monday next; only a few weeks before the bailout program ends on May 17. The troika has called Lisbon to consider emergency funding to keep watch, especially with the size of Portugal's debt payments in the next 2 years. Without the emergency funding Lisbon is also not entitled to access its facilities OMT ECB bond purchases. However, the last Portuguese bond auction success has convinced Lisbon will not need emergency funding. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted May 1, 2014 Author Report Share Posted May 1, 2014 News and Review of European Economic Zone (UK) House prices in the UK The Expensive Every Month Thursday, May 1, 2014 Residential market in the UK is getting heated up in the second quarter of 2014. Fact seen when the data home prices in major cities rose to a record high in April . UK house prices rose as much as 1.2 % to an average price of 183,577 pounds per unit or translucent highest level since November 2007 . Latest house price is also only 3000 pounds lower than the record highs Nationwide version , which was recorded in the same year . Nationwide also stated that the number of loans for home ownership (mortgage Nationwide ) ride in the fastest acceleration , reaching 10.9 % compared to April 2013. In March, house prices only go up half a percent from the previous month and 9.5 calculations % compared to March 2013 . According to Nationwide chief economist Robert Gardner , the percentage increase in house prices has been higher than wage growth Britons . " If the supply of homes has not increased , then the purchasing ability of consumers will decrease , " he said . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted May 1, 2014 Author Report Share Posted May 1, 2014 News and Review of European Economic Zone (UK) UK manufacturing activity jumps in April Thursday, May 1, 2014 British manufacturing activity surged in April, and at the level of tallest in the past five months, driven by an increase in both domestic and international orders. PMI data from Markit showed UK manufacturing activity was 57.3, up from the previous month at 55.8, above economists' forecasts of 55.4. Numbers in March were also revised from 55.3. "Altivitas UK manufacturing continued to strengthen since early 2014, output growth accelerated in April to its highest level in two decades" said Rob Dobson, senior economist at Markit. The data indicate a healthy start in the second quarter of this year, two days after the Office for National Statistics released data on the UK's gross domestic product grew 0.8% in first quarter from the previous quarter. Industrial production which includes manufacturing output grew 0.8% in the period from January to March this year. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted May 2, 2014 Author Report Share Posted May 2, 2014 News and Review of European Economic Zone (UK) Markit: UK Construction Sector Expanding 12 Months streak Friday, May 2, 2014 UK construction sector expanded for the 12th month in a row although it should be noted the slowest pace in six months in April, based on the results of a survey released on Friday. Reports Markit / CIPS construction index shows UK slipped to 60.8 last month from 62.5 in March, lower than expectations for a decline to 62.0 from economists. Nevertheless, the success of the index holds above 50 indicates a threshold when the sector has grown for a full year, with the construction of the house into the best components in the construction sector last month. "Better economic conditions, surge housing, improved access to finance and greater investment spending has become an important factor driving the growth of the UK construction this year," said Tim Moore, senior economist at Markit. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted May 2, 2014 Author Report Share Posted May 2, 2014 News and Review of European Economic Zone Eurozone Unemployment Rate 11.8 % Fixed Friday, May 2, 2014 Eurostat released data Eurozone unemployment rate in March was 11.8 % , unchanged from the previous month was revised down to 11.8 % from 11.9 % . The figure below economist estimates of 11.9 % . President of the European Central Bank , Mario Draghi , said last month that her greatest fear is prolonged stagnation that directs high unemployment becoming structural . Low inflation has also made Draghi pledged to provide additional monetary stimulus if needed to face the risk of falling prices, which can hamper the economic recovery . The report also showed the unemployment rate in block 18 of the country is uneven . Spain reported the unemployment rate unchanged in March from the previous month by 25.3 % , as well as Germany , which is the country with the largest perkonominan in the region reported the unemployment rate remained 5.1 % . While Austria which has been reported to have the lowest penagngguran rate hike to 4.9 % Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted May 5, 2014 Author Report Share Posted May 5, 2014 News and Review of European Economic Zone EU cuts growth forecast slowness Over Inflation Monday, May 5, 2014 The European Commission cut its economic growth forecast for the euro zone and predicts low inflation rate would remain a threat to expansion within the next 2 years at least . Gross domestic product in the euro zone is expected to grow by 1.7 % in 2015, compared with a forecast in February by 1.8 % , according to the European Commission based in Brussels today . The inflation rate will be 0.8 % this year and 1.2 % in 2015, both lower than the previous forecast and well below the ECB's target is a little under 2 % . " Overall, the outlook has improved , but it still depends on credible measures that berkelangjutan on a number of aspects of the national and EU level , " said Marco Buti , head of the economic department of the European Commission . " Adjustment kompetitifitas and trimming debt in some countries is more difficult to achieve with low inflation EU very low , especially if it lasts for a long time . " Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted May 5, 2014 Author Report Share Posted May 5, 2014 News and Review of European Economic Zone IMF warns euro zone bond markets Monday, May 5, 2014 One of the IMF officials warned that the rally in the euro zone bond market has a risk of ending in disappointment , with investors today to lend money to the government with the assumption that the eurozone recovery will be free of obstacles. Investor optimism toward Europe has increased in the signal region 's economic recovery is gaining momentum after the financial and economic crisis over the years that led to the collapse of the euro projection . Such optimism has triggered a decline in the price of regional government bonds , including Greece , with Athens recently scored a yield of less than 5 % for 5-year bonds worth 3 billion euros ( 4:16 billion dollars ), which was published last month . José Viñals , director of monetary and capital markets department of the IMF , told the Financial Times that the sale is " very good considering the new Greek bonds back to the market ." But he warned that Greece and other countries " not complacent " , calling on the government bloc " the importance of running policy . " Viñals mengatkan he believes that the 10 -year yield oblgiasi eurozone governments will rise along with rising yields in the U.S. . Tapering by the Federal Reserve will push rising yields in the euro bloc , with hints of European Central Bank interest rate which indicates the level of interest rates will stay low for a " longer time " will only have an impact on short-term yields oblgiasi . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted May 5, 2014 Author Report Share Posted May 5, 2014 News and Review of European Economic Zone (Portugal) Portugal Will Follow Irish Step Out From Bailout Monday, May 5, 2014 Portugal will follow Ireland in exit assistance program without asking preventive credit line , becoming the third country out of the euro zone bailout as recovered from the crisis over 4 years . The decision , which was announced in Lisbon last night , following Portugal bond auction last month the first time since asking for assistance worth 78 billion euros ( 108 billion dollars ) from the European Union and the International Monetary Fund in 2011 . With the bailout program was scheduled to end May 17 later , eurozone Finance Ministers will discuss the Portugal at a meeting in Brussels today . " This marks the end of the destruction of the first half of the decade that gave birth to the euro zone crisis , " said Lena Komileva , chief economist at the G Plus Economics . " Market panic about the possibility of borrowing liquidity in the euro zone countries have eased . However, this does not mean that the risks have been lost . " Underscores the fragility of the European Commission today cut its forecast growth rate while the euro zone , predicts that the low inflation rate would still be a threat to the expansion and warned of the impact of tensions with Russia . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted May 6, 2014 Author Report Share Posted May 6, 2014 News and Review of European Economic Zone (Germany) Germany Not Turning Euro Exchange Rates Tuesday, May 6, 2014 German Chancellor spokesman , Steffen Seibert , said the euro exchange rate is an issue for the ECB and politicians should refrain from trying to influence the exchange rate movements . Seibert 's comments indirectly criticized the statement of Prime Minister of France Manuel Valls . On weekends , Valls express euro exchange rate is too high and the appropriate monetary policy needed to lower it . The ECB will conduct its monetary policy meeting on Thursday, May 8 , next . When asked about the comments Valls , Seibert stated : " The euro is not an issue for politicians . This is an issue that has the independence of the ECB . ECB should not be advised what to do . " The euro is now struggling near 2 -year highs and the euro exchange rate , which still tough then this could hamper economic recovery - euro zone member countries ( such as France ) that rely on exports to spur economic activity . EUR / USD is now trading 1.3875 ; not so far from the strongest level achieved 2 years 1.3965 mid March. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted May 6, 2014 Author Report Share Posted May 6, 2014 News and Review of European Economic Zone (Spain) Spain Optimism Strengthen Euro Tuesday, May 6, 2014 The euro rose after improved labor sector and the services sector increased activity signaled improvement in the condition of Spain's largest economy in the euro zone 4 is. Spain jobless claims decreased by 111,600 for the month of April; better-than-expected decline of 49,100 and the previous publication were reduced by 16,600. Spanish service sector index reached the level of 56.5 for the month of April; higher than the predicted 54.3 and 54.0 before publication. EUR / USD is now trading 1.3923; away from low-level daily 1.3871 Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted May 6, 2014 Author Report Share Posted May 6, 2014 News and Review of European Economic Zone (UK) UK service sector PMI index Soar In April Tuesday, May 6, 2014 The UK service sector grew at the fastest pace in four months in April as the number of workers and new business increased , indicating that the continued momentum of the economic recovery in the UK . Purchasing managers' index rose to 58.7 from 57.6 in March , in the report by Markits Economics said today in London . The median estimate of 29 economists surveyed by Bloomberg News showed 57.8 reading . The index is above the 50 level indicates the difference between the expansion from contraction since early last year . Meanwhile the Bank of England policy makers will meet this week will probably keep interest rates at a record low , amid improving economic data have improved the outlook for borrowing costs rise faster this year . In a separate Markit index report last week showed that manufacturing grew at the fastest pace in four years in April and construction sector expands . " There ends to see strong economic growth at the moment , " said Chris Williamson , an economist at Markit . The data " suggests that the discussion among policy makers about when interest rates will need to be pushed will start to heat up . " Markit index in April showed that the economy grew by at least 0.8 % in the second quarter , said Williamson . Government data last week showed that GDP expanded at the same amount in the first quarter , up from 0.7 % in the final reading of the first three months of 2014 . Quote Link to comment Share on other sites More sharing options...
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