mynameisandhy Posted June 19, 2014 Author Report Share Posted June 19, 2014 News and Review of European Economic Zone (UK) CBI: UK factory orders Level Streaking In June Thursday, June 19, 2014 The level of orders to factories in the UK is growing the fastest pace in six months in June and expectations of growth persist well above the historical average, according to the Confederation of British Industry on Thursday. The amount of the monthly survey by the CBI pesanaan shows this month rose to +11 from 0 in May, the highest level since December and exceeded economists' forecasts for a rise to +3. Output growth expectations for the next 3 months remained at the level at +32 in May, compared with the long-term average at +7. The level of export orders also rose to -2 from -9, and were above the long term average of -20. "Growth widespread, with recovery beginning to spread, and the change has high expectations for the coming quarters," said deputy director general of the CBI's Katja Hall. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted June 21, 2014 Author Report Share Posted June 21, 2014 News and Review of European Economic Zone (UK) Depending BoE Interest Rate Increase in UK economy Friday, June 20, 2014 The increase in UK interest rates will depend on economic conditions in the coming months, according to the BoE monetary board member Ian McCafferty. "The market seems to be more confident with the future increase in interest rates from the central bank. Was a rate hike can be done more quickly will depend on the condition of the British economy in the summer and autumn," the BoE's McCafferty said when interviewed by the Guardian newspaper. BoE's McCafferty said the unemployment rate is still quite high compared to normal levels in the medium term, but economic activity improved in 12 to 18 months so that GDP is now back to 2008 levels. "Economic growth in the UK slightly faster than expected at the beginning of the year. Momentum of the economic recovery will continue in the summer, "said the BoE's McCafferty. Meanwhile, sterling was still struggling near 5-year highs in early Asian session against the U.S. dollar. GBP / USD is currently traded at 1.7045; 5-year high near 1.7061 levels achieved yesterday Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted June 21, 2014 Author Report Share Posted June 21, 2014 News and Review of European Economic Zone (Germany) German PPI Index Drops In May Friday, June 20, 2014 German producer price index fell more than expected in May, due to a sharp drop in energy prices, the statistics bureau reported by Germany on Friday. Factory price index in the country with the largest economy in Europe decreased 0.2% in May and down 0.8% at an annual rate, in the report by the statistics bureau Destatis. Readings in the month of May were below expectations for the same level from April and down 0.7% from May 2013, according to a survey of analysts who do oleb in the Wall Street Journal. Energy prices triggered a decline, down 2.6% from an annual rate in the last month. Outside of energy prices, the producer price index was flat from the previous month and 0.2% lower in May to an annual rate. The decline in producer prices reflect keselurunan easing price pressures in the euro zone, the annual inflation fell to 0.5% in May from 0.7% in April. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted June 21, 2014 Author Report Share Posted June 21, 2014 News and Review of European Economic Zone IMF Advise ECB Do QE Friday, June 20, 2014 European Central Bank (ECB) should conduct a policy of Quantitative Easing (QE) if inflation remains low for a long period, said Director of the IMF Christine Lagarde. "If inflation remains low, then the ECB can do QE by buying government bonds," said Lagarde told CNBC. Lagarde defines low inflation as inflation remains below target despite efforts to spur inflation. Inflation in the euro-zone grew only 0.5% in May, down from April's publications increased by 0.7% and is well below the ECB's target of 2%. The ECB has so far been reluctant to undertake QE policy even intimated a readiness to do so if necessary. At the June meeting, the ECB has loosened its monetary policy but did not announce QE as the central bank attempts to keep the economic recovery and prevent the euro zone to fall into the abyss of deflation Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted June 23, 2014 Author Report Share Posted June 23, 2014 News and Review of European Economic Zone (France) French Business Activity Drops in June Monday, June 23, 2014 Manufacturing and service sector activity contracted two French back straight month in June, gives an overview rapunya Eurozone economic recovery. Markit Economics reported business activity index both sectors fell to 48.0 in June, from 49.3 in the previous month. A reading below 50 indicates contraction, while above 50 indicates expansion. When viewed per sector, the French manufacturing activity index in June fell to 47.8, being the lowest in the last six months. This figure is far below estimates of 49.6 and the previous month's release also amounted to 49.6. And services activity index also shows decline becomes 48.2, breaking expectations of a rise to 49.5 in the previous month and below 49.1. In the last three quarters, the French economy is worse than the other Eurozone, giving concern to policy makers at the European Central Bank, which earlier this month implemented a policy that has not been done before. The ECB cut interest rates to 0.15% from 0.25%, and interest rates on bank deposits be -0.1% from the previous 0.0%. The IMF also gave a bleak assessment of the state for 18 blocks, with said output is still below pre-crisis levels, the unemployment rate is very high, and inflation is worrying. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted June 23, 2014 Author Report Share Posted June 23, 2014 News and Review of European Economic Zone Activity Manufacturing And Services In The Euro Zone Fall In June Monday, June 23, 2014 Manufacturing and service sector activity in the euro zone fell in June amid a further decline in the French economists, it underscores the fragility of the recovery in the 18 countries in the region. Purchasing managers' index for both the industrial sector slipped to 52.8 in June from 53.5, in the report by Markit Economics today. The results showed that the index has been above 50 for 12 consecutive months, the level 50 indicates expansion signal. Economists had predicted for the reading of 53.4, according to the median estimate of 24 economists in a Bloomberg survey. The euro zone is struggling to maintain its recovery amid accept unfavorable assessment from the IMF on June 20 last. Earlier this month, the European Central Bank introduced a deposit rates, the announcement is targeted to increase the amount of borrowing from lending institutions and issue prospects for further asset purchases aimed at triggering growth and inflation in the region. "The pace of recovery is still slow," said Martin van Vliet, an economist at ING Groep NV senior in Amsterdam. "Further weakening the PMI has confirmed the latest keputuan of the ECB to implement further monetary easing." Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted June 23, 2014 Author Report Share Posted June 23, 2014 News and Review of European Economic Zone Draghi Hinting Low Interest Rates Will Lasts Long Monday, June 23, 2014 Mario Draghi indicated that the European Central Bank interest rates may still be low for at least 2 ½ years. "We provide access to a bank for a long time to not restrict liquidity until the end of 2016. It is a signal," said ECB President in an interview published by Dutch newspaper De Telegraph on June 21, in response to the question of how long interest rates will remain at low levels. "Our program in favor of banks for business loans will continue to run for four years. It shows that interest rates will remain low for a long period. But after that they will be Rev interest rates when the recovery has begun to improve. " A year after the eurozone out of its longest recession, the ECB is still fighting with very low inflation and try to improve recovery. Draghi introduced measures unprecedented in the month that includes the negative interest rates on deposits and said that monetary easing remains an option if deflation is still going on. Recovery "remains weak and uneven across the euro zone," said Draghi. Accidents can happen in a global economy where it can quickly change the situation. " The growth of manufacturing and service sector activity in the euro zone is still slowed for a second month in June, according to the results of the purchasing managers' index published by Markit Economics today, the manufacturing sector contracted for a second month in France, while in Germany for the month to expand 12. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted June 24, 2014 Author Report Share Posted June 24, 2014 News and Review of European Economic Zone (UK) Sterling Flat Ahead of Bank of England Quarterly Inflation Report Tuesday, June 24, 2014 British currency, the pound, not much moving in morning trade the Asian session, but sterling remained near its highest level in five years. Spekulai Bank of England will raise interest rates sooner than previously estimated market sustains the movement of sterling in recent days. Based on data from the Commodity Futures Trading Commission, the position of bullish hedge funds and large speculators for sterling exceed bearish positions by 52,596 contracts, to be the biggest since December 2007. Throughout this month sterling has appreciated 1.5% against the dollar. Investors now await quarterly inflation report from the Bank of England, to see the outlook for the UK economy and inflation, as well as the prospect of future interest rates. GBPUSD is currently trading at around 1.7024 with daily highs 1.7030, 1.7016 and lows Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted June 24, 2014 Author Report Share Posted June 24, 2014 News and Review of European Economic Zone (Germany) German Business Confidence Down in June Tuesday, June 24, 2014 German business confidence level in June fell to its lowest level this year amid signs of economic slowdown in Europe's biggest pertumuhan. Ifo business sentiment index from the Institute figures showed 109.7 in June, from 110.4 in the previous month, lower than economists' forecasts of 110.3. The survey was conducted on 7,000 corporate executives. Earlier on Monday Markit Economics reported the composite index of business activity that includes the manufacturing and service sectors in June fell to 54.2 from 55.6 in May amounting to. German manufacturing activity index rose to 52.4 higher than in May amounted to 52.3 but still below economists' forecasts for 52.7. While the German service sector activity showed a decline to 54.8 is lower than the previous month at 56.0 and estimates of 55.8. Markit also reported index of manufacturing activity in the euro zone as a whole fell to 51.9 from 52.2 the previous month, and services activity index fell from 52.8 in May amounting to 53.2. French business activity which is the second largest economy in Europe, showed a decline in both sectors. German economy in the first quarter grew by 0.8%, economic growth is compared with the euro zone as a whole by 0.2%. German Bundesbank expects the economy will "grow tiny fraction" in the second quarter, and the pace of growth will improve in semsester II this year. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted June 24, 2014 Author Report Share Posted June 24, 2014 News and Review of European Economic Zone Look forward to the German Business Sentiment Data, Euro Weakens Tuesday, June 24, 2014 The euro weakened in Asian trade today ahead of the release of German business sentiment data. The euro on Monday had gained despite the euro area business activity in June worsened. Markit Economics reported index of manufacturing activity in the euro zone as a whole fell to 51.9 from 52.2 the previous month. Services activity index fell from 52.8 in May amounting to 53.2. French business activity in both manufacturing and services showed a decrease, while German manufacturing activity showed improvement, but declined the service sector. On the other hand the U.S. release of manufacturing data that is slick, the index of U.S. manufacturing activity reached 57.5 in June, the highest level since May 2010.Data another second show U.S. home sales in May rose to 4.89 million units over sebesar4 estimates, 74 million units. However, the data failed to provide a neat positive sentiment for the dollar, the Federal Reserve's dovish statement continues to overshadow the movement of the dollar. German business sentiment for June is expected to fall slightly to 110.3 from 110.4 the previous month. EURUSD is currently trading at around 1.3593, 1.3603 away from daily highs Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted June 25, 2014 Author Report Share Posted June 25, 2014 News and Review of European Economic Zone (France) French Business Sentiment Thin Decline in June Wednesday, June 25, 2014 French statistics bureau, Insee, reported the company owners and business entities are less optimistic about their activities in the coming months, making business sentiment fell slightly in June. The level of the manufacturing sector reported business confidence fell to 98 in June from the previous month at 99. Figure is below that predicted by economists estimate unchanged at 99. The data add to the report "dismal" of the country with the second largest economy in Europe, prior Insee also provide estimates of economic growth under the French government estimates. Insee, the French estimated gross domestic product will grow by 0.7% this year, below the estimate of 1% of the French government. The unemployment rate is expected to rise to 10.2% this year, compared with 10.1% in the first kuaratal ago. While at the beginning of this week Markit Economics reported contraction of business activity in France in two consecutive months. The business activity index fell to 48.0 in June, from 49.3 in the previous month. A reading below 50 indicates contraction, while above 50 indicates expansion. French manufacturing activity index in June fell to 47.8, being the lowest in the last six months. And services activity index also shows decline be below 48.2 the previous month at 49.1. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted June 25, 2014 Author Report Share Posted June 25, 2014 News and Review of European Economic Zone (Italy) Italian Consumer Confidence Slim Down In June Wednesday, June 25, 2014 Italian consumer confidence fell slightly in June after rising for three consecutive months as the family in Italy is becoming more pessimistic about economic conditions, in the report by Instat agency on Wednesday. Italian consumer confidence index fell to 105.7 in June from 106.2 in May, Istat said. Figures revised in May fell to 106.2 from 106.3 previously. General economic sentiment deteriorated to 116.4 in June from 118.0 in May, Istat said. Household sector, which in Italy tend to have low debt burden and have the savings, tend to have fewer problems than the personal and economic situation the country, based on Istat report. Anyways, sentiment among families amid their economic situation deteriorated, along with their expectations for the future. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted June 25, 2014 Author Report Share Posted June 25, 2014 News and Review of European Economic Zone (UK) Risk No Bubble in the Housing Sector UK Wednesday, June 25, 2014 When Britons worried about the risk of a bubble in the housing sector, and encourage the Bank of England to announce policies to restrain rising house prices, the number 2 in the UK Finance Ministry said different things. "People should not leave the scale of the problem. The surge in home prices occurs only in a few regions, London and southeastern England. In other areas there is a house price increase but at a much lower level "said Chief Secretary of the Treasury, Danny Alexander. Alexander also believes the Bank of England have the strength needed to take the appropriate steps. Comments are leveled as investors expect the Bank of England officials will issue a policy to curb the increase in household debt levels that could threaten the economy. Financial Policy Committee held a meeting on June 17, and the decision of the meeting will be published when the Bank of England Financial Stability Report released on 26 June. Based on a survey released on Monday, the BOE said demand for housing loans sigfinikan rise in the quarter, despite new rules that ensure borrowers are able to meet the repayment of long-term decline in demand has an impact. The trend is also confirmed by the data of which indicates approval of the mortgage industry fell a fourth straight month in May. BOE Governor, Mark Carney, said household debt around 140% of gross disposable income, making the UK economy becomes vulnerable, and macro-prudential policies diutamanakan than the interest rate to maintain the stability of the financial risk in the event. If the U.S. is compared with the level of household debt around 109% of gross disposable income, while in Germany around 87%. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted June 26, 2014 Author Report Share Posted June 26, 2014 News and Review of European Economic Zone (France) French Consumer Confidence Thin Rises in June Thursday, June 26, 2014 French consumer confidence moved higher in June as households increasingly confident about the future financial condition and their ability to make a large purchase. French consumer confidence rose slightly to 86 in June from 85 in May, based on a monthly survey conducted national statistics agency Insee. However, households' expectations of the unemployment rate rose in June to the overall confidence index is still well below the long term average at the 100 level. Monthly confidence index had touched the level above 90 when President Francois Hollande was elected in May 2012, but back down within 2 months and continue to survive under the current level of 90 to Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted June 26, 2014 Author Report Share Posted June 26, 2014 News and Review of European Economic Zone (UK) Carney Ready To Acting Relieve Housing Sector UK Thursday, June 26, 2014 Bank of England Governor Mark Carney will work hard on the UK property market starting today, by limiting the number of risky mortgages to prevent the buildup of unsustainable consumer debt that can relieve the economic recovery. BOE launches action that has never been done before which led to booming housing market and rising mortgage loan, with Carney said earlier this month that the level of debt has placed the UK in a fragile position. In the first part of the two recommendations were announced today, the Bank of England's financial policy committee said that lenders should limit the proportion of mortgages at 4.5 times of revenue and no more than 15% of their new home loan. BOE also said that banks should mennurunkan cost mortgage loans to borrowers who fail the test period of the most recent payment. "In the absence of policy actions, the risk of excessive household debt will be a major problem," said BOE in the semi-annual financial stability report. "The targeting policy package to reduce the risk in a way that is thoughtful and proportionate." These steps are a test of macro-prudential tools teradap new BOE, which is given as part of an overhaul of banking regulations by the British government in 2010. They also marks the largest effort recently by the central bank to actively address the threat of a bubble assets and avoid a repeat of the financial crisis in 2008. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted June 26, 2014 Author Report Share Posted June 26, 2014 News and Review of European Economic Zone (UK) For Reduce house price surge, BoE mortgage Tightens Requirements Thursday, June 26, 2014 In an effort to curb the sharp rise in the housing market in the UK, the Bank of England on Thursday announced restrictions on housing loans and tighten the requirements to obtain a loan from a bank. BoE's Financial Policy Committee said that the housing loan will be limited only worth 4.5 times the income of the borrower and that goes for 85% of new home loans. Restrictions apply to all banks to disburse more than £ 100 million per year. While borrowers, starting on Thursday, are required to demonstrate their ability to repay the mortgage even if the interest rate rose to 3%. Higher than 1% benchmark previously imposed. UK housing market continues to show strong recovery thanks to sustained interest rate at a record low, the growth of unemployment and the government's loan scheme. But lately have made policy makers concerned by the rapid rise in house prices, which grew about 10% per year in the UK and nearly 2-fold higher in London. The BoE also said that it does not aim to curb home prices directly, but they are trying to ensure that the borrowing under control. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted June 27, 2014 Author Report Share Posted June 27, 2014 News and Review of European Economic Zone (UK) GfK: UK Consumer Sentiment Reaches High Level 9 Years Friday, June 27, 2014 UK consumer sentiment touched the highest level in more than nine years last month as the British people are becoming more optimistic about the economic recovery, according to a survey on Friday. Organizers GfK survey said the monthly index of consumer confidence rose to +1 in June from 0 in May, the highest level since March 2005, although analysts' estimates for an increase to +2. This survey shows consumers beanja will be one of the prime movers in the rapid recovery of the UK economy, as optimism pterhadap economy in the next 12 months at least reached the highest level in 10 years. "A few months will be interesting, given the shift to positive area previously only while that in January and March 2005," said Nick Moon, managing director of social research at GfK. "Finally time to be consistent at the level of the index is positive in 2002, and this should be the next target of the government's long corner as we approach the election period." Consumers' assessment of personal financial situation in the next 12 months is the only component of the GfK index down. Separate survey on Friday showed another source of growth for the UK economy, namely the housing sector, eased slightly last month. Hometrack said house prices grew by 0.3% in June compared to 0.5% in May, while only about 3 districts in England and Wales who reported a rise in house prices, down from 50% last month. "The increase in demand has occurred in the market in the last 18 months put upward pressure on home prices. Memduar This trend seems this time in the absence of changes in the level of housing demand from month to month," said Richard Donnell, director of research at Hometrack. The survey comes a day after the Bank of England to impose the first limits on seberrapa many people can borrow to buy a house, in an attempt to prevent the increase in the level of debt and a sharp rise in house prices. Hometrack said that it expected the rate of house price growth will slow in the coming months. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted June 27, 2014 Author Report Share Posted June 27, 2014 News and Review of European Economic Zone (France) Economic Growth Still Under French Government Targets Friday, June 27, 2014 French economy failed to grow in the first quarter of 2014. Fact was revealed after statistical office Insee report released today. The decrease in consumer spending is the main cause of stagnation of growth in the country the second largest economy of the European. In addition, reduced investment in the real sector by non-financial companies also have a negative impact on the national economy line. If it was not helped by the amount of government expenditure and performance improvement firm, confirmed the French economy slowed in the first three months of this year. Insee today announced gross domestic product report to both. Since its first announcement, the French statistical office has declared the national economy grew only 0.7% in 2014, or under 1% growth target launched by the central government. The annual growth rate of 0.7% was considered by government officials is not enough to lower the unemployment rate. Yesterday, French consumer confidence levels reported improved, rising slightly to 86 in June from 85 in May. This provides optimism that economic growth will also improve in the second half of 2014. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted June 27, 2014 Author Report Share Posted June 27, 2014 News and Review of European Economic Zone Euro Zone Economic Confidence Down In June Friday, June 27, 2014 The level of economic confidence in the euro zone unexpectedly slipped in June, led by the industrial sector, as tensions in Ukraine and the strengthening of the single currency has prevented the European Central Bank to increase the amount of lending and growth. Index of executive and consumer sentiment fell to 102 from a revised 102.6 in May, in the report by the European Commission in Brussels today. The median estimate in a Bloomberg survey of 27 economists showed an increase to 103. "The global slowdown in the first quarter, the euro strengthened and geopolitical tensions have weighed on consumer confidence and the industry," said Pernille Bomholdt Nielsen, an analyst at Danske Bank in Copenhagen. "These impacts should only be temporary and are now starting to fade, it enables business and consumer confidence will improve again in the second half." The eurozone economy will expand by 0.3% in the second and third quarter, and accelerate to 0.4% in the last quarter of this year, according to a separate survey done by Bloomberg. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted June 30, 2014 Author Report Share Posted June 30, 2014 News and Review of European Economic Zone Eurozone Inflation Stable 0.5% Monday, June 30, 2014 President of the European Central Bank continues to face the challenge to encourage economic growth in the Eurozone after inflation stable at 0.5%, well below the ECB's target of 2%. Eurostat reported inflation rate in June rose 0.5% from the same period a year earlier, steady from May at 0.5%, but the rate of core inflation, which excludes energy, food, alcohol, and tobacco unexpectedly rose to 0.8%, compared to the previous month of 0.7%. At the beginning of last month the ECB cut its benchmark interest rate to 0.15% from 0.25%, while the interest rate on bank deposits be -0.1% from the previous 0.0%, became the first major central bank to impose negative interest rates Eurozone in order to revive the economy and raise inflation. Eurozone economy itself is expected to grow by 0.3% in the second quarter and the third, while in the fourth quarter is expected to accelerate by 0.4%. Inflation in the Euro Zone grew less than 1% in the nine months straight, providing opportunities for further monetary stimulus from the ECB. Another indication that shows the weakness of the economic recovery of the region is the decline in the level of consumer confidence in June. Bank loans to companies and households throughout the year down nearly 2% from the previous year. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted June 30, 2014 Author Report Share Posted June 30, 2014 News and Review of European Economic Zone (Germany) German Retail Sales Fall in May Monday, June 30, 2014 Destatis reported German retail sales in May are surprisingly down 0.6% from the previous month, breaking expectations of a rise of 0.7%. While retail sales in April was also revised down to -1.5% from -0.9% the previous release. Meanwhile, if compared with the previous year's retail sales rose 1.9% in May, and within five months of this year increased by 1.4% from the reported five-month period last year. Retail sales data are prone to revision, sometimes significantly. The increase in sales reported in the clothing and footwear sector which recorded an increase of 5.5% in May from a year earlier. A survey last week showed an increase in consumer sentiment in Germany in June, giving retail sales rebound opportunities. Data released last week showed GfK decision of the European Central Bank cut interest rates at the beginning of last month raised the Germans intention to shop. Economists expect the domestic economy can be a driver of economic growth in Germany this year. Europe's largest economy is expected to grow by 2% this year and next year. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 1, 2014 Author Report Share Posted July 1, 2014 News and Review of European Economic Zone Manufacturing Activity Slows in the Euro Block in June Tuesday, July 1st, 2014 Euro zone manufacturing activity slowed in the three months to June period, according to a survey released Tuesday. Which indicates if the pace of the recovery that has lasted more than a year still remains weak and uneven. The results of a monthly survey of approximately 3,000 manufacturers Markit in the 18-nation bloc showed the manufacturing index slipped to 51.8 in June from 52.2 in May. Tersebu figure is slightly lower than the initial survey Markit showed the number 51.9. For the 2nd quarter as a whole, the average PMI also recorded a decrease to 52.4 from 53.4 in the first quarter. However, there are signs that some countries are experiencing severe debt crisis and banking began to show an increase in activity. Factories in Spain managed to record their strongest month of growth since April 2010. Meanwhile, a number of major economic slowdown in the euro zone it shows activity, including Germany, Austria, and the Netherlands, the French record contraction. The slowdown in activity in the manufacturing sector of the 2nd quarter is also triggered questions about the sustainability of the recovery of the Euro zone. "The slowdown will put pressure on the European Central Bank to act more aggressively to prevent interruption recovery, and makes us more confident that if policy makers will implement more QE," said Chris Williamson, Markit's chief economist. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 1, 2014 Author Report Share Posted July 1, 2014 News and Review of European Economic Zone (UK) UK Manufacturing Activity Up in June Tuesday, July 1st, 2014 UK manufacturing activity unexpectedly recorded an increase in June from the previous month, following a surge in demand, and widespread signaling the UK's economic recovery. Markit Economics reported index of manufacturing activity rose to 57.5 in June from 57.0 the previous month. Figures in the June estimate sekaligis break decline to 56.7 by economists. Details of the report showed new orders index jumped to its highest level in seven months amounted to 61.1 from 59.5 the previous month. The number of new orders is one of the highest since the survey began in 1992. Export orders also reportedly increased in 15 consecutive months. Markit estimates that the expansion of the manufacturing sector is likely to exceed the 1.5% recorded in the period from January to March. Also reported the addition of labor rose to its highest level in three years. Britain's own growth rate this year is estimated at 3%, the growth rate will outperform the other G7 countries. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 1, 2014 Author Report Share Posted July 1, 2014 News and Review of European Economic Zone Eurozone Jobless Rate Stable In May Tuesday, July 1st, 2014 Eurostat reported unemployment rate in the euro zone in May remained at 11.6% from April which was revised down to 11.6% from 11.7% the previous release. Economists had expected an unemployment rate of 11.7%. The unemployment rate in the different member states, from a low of 4.7% in Asutria to 25.1% in Spain. The European Central Bank last month introduced several monetary development policy package including a negative deposit rate, the benchmark interest rate cuts, as well as long-term loans to commercial banks so that banks can channel more credit to trigger economic growth of the nation block 18. President of the ECB, Mario Draghi, said the biggest fear is stagnation of growth that can lead to high levels of unemployment becomes structural. Eurozone economic growth expected to remain sluggish this year, economists expect the region's economy will grow by 0.3% in the second and third quarters of this year, and 0.4% in the final quarter. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 2, 2014 Author Report Share Posted July 2, 2014 News and Review of European Economic Zone (France) France Urges ECB To Start an Asset Purchase Wednesday, July 2, 2014 French Prime Minister, Manuel Valls, the European Cental Bank expects to start asset purchases to support the euro zone economy and depress the value of the single currency in the currency market. "The euro exchange rate has been too high, which is bad for the industry and our growth," said Prime Minister Valls in an interview with French business daily Les Echos. Despite the ECB's decision to cut interest rates at the beginning of June is considered as a strong signal, PM Valls still expect the central bank could go further, especially in the purchase of assets in the market. "Monetary policy is not merely about the movement of interest rates," he added. Since the ECB rate decision, euro monitored has managed to recover most of the weaker against other major currencies. Which presses imported inflation and erode export competitiveness Euro bloc. That in turn has revived hopes that the ECB may be considering asset purchase program, as was done by the U.S. Federal Reserve and the Bank of England Quote Link to comment Share on other sites More sharing options...
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