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German Ifo Business Confidence At Record High
German business confidence strengthened to a record high in June, breaking last month’s record, as companies were more satisfied with their current situation amid improved outlook. The business confidence index rose unexpectedly to 115.1 in June from 1…
European Economics Preview: Germany Ifo Business Confidence Data Due
Business sentiment survey data from Germany is due on Monday, headlining a light day for the European economic news.
UK Growth To Remain Anaemic: BCC
The UK growth over the next few years is forecast to remain anaemic, the British Chambers of Commerce said Monday. Nonetheless, in its Economic Forecast, the BCC upgraded its growth outlook for 2017 to 1.5 percent from 1.4 percent, citing strong global…
U.S. New Home Sales Rebound Amid Strength In West And South
New home sales in the U.S. rebounded in May after a sharp pullback in the previous month, according to a report released by the Commerce Department on Friday. The Commerce Department said new home sales climbed by 2.9 percent to an annual rate of 610,000.
Eurozone Private Sector Growth Moderates In June
Eurozone private sector growth moderated in June from a six-year high due to a slowdown in services activity, yet the economy enjoyed the best quarter for six years, the flash data from the Purchasing Managers’ survey by IHS Markit showed Friday. The c…
ECB Seeks More Euro Clearing Supervisory Powers
The European Central Bank has sought more supervisory powers over the clearing activities, in a bid to secure control of the London-based euro clearing post-Brexit. The Governing Council, led by ECB President Mario Draghi, has recommended an amendment …
European Economics Preview: Eurozone Composite PMI Data Due
Flash Purchasing Managers’ survey data from euro area is due on Friday, headlining a light day for the European economic news.
Praet Says ECB To Ignore Govts’ Worries While Winding Down Bond Purchases
The European Central Bank will decide to wind down its government bond purchases based on inflation even if the spreads for any country would rise as a consequence, ECB Executive Board member Peter Praet said. “As a central bank, we conduct monetary po…
U.S. Leading Economic Index Rises In Line With Estimates In May
Reflecting widespread improvement, the Conference Board released a report on Thursday showing that its index of leading U.S. economic indicators rose in line with economist estimates in the month of May. The Conference Board said its leading economic i…
U.S. Weekly Jobless Claims Inch Slightly Higher To 241,000
First-time claims for U.S. unemployment benefits saw a modest increase in the week ended June 17th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims inched up to 241,000.