The Prime Minister of Japan Shinzo Abe announced on Tuesday that the long-term deflation period in the country has come to the end, helped by broad monetary easing, as well as the growth strategy and attractive fiscal policy to encourage investment. Among further stimulus measures, the government plans to cut business tax, liberalize trade and reduce several barriers in agricultural
West Texas Intermediate oil gains in price on Wednesday, showing the first rise since Monday. Analysts evaluate the Obama administration's possible decision to ease rules for exporting the American oil from the country. Futures with an August delivery added 1.4% to $107.50 per barrel. Prices for the Brent type oil, however, declined slightly and trade at $114.27 per barrel.
The total number of mortgage approvals in the United Kingdom fell slightly in May of the current year, marking the fourth month of decline. Last month, 41,757 new mortgages for home buyers were approved, pushing the total value to 6.7 billion pounds. It has been the lowest number of approved mortgages since August, however, it is 13% higher than the
Business confidence in Germany unexpectedly declined in June of this year, pointing on slowing economic growth in the largest economy of the Eurozone. The respective index from the Ifo institute slipped to 109.7 points in June, down from 110.4 points a month ago. Economists see German economy to slower, as yesterday the data showed weakening services and manufactufing sectors.
Banco Santander SA, the largest bank in Spain, decided to buy the GE Money Bank unit in Denmark, Norway and Sweden. The agreed price with the GE Capital company reached 700 million euros. The deal is going to be completed by the second half of this year. However, today Banco Santander SA shares are decreasing 0.65% to 7.79 euro per
West Texas Intermediate oil prices advance on Monday for a third consecutive day, while Iraq militarists occupied more territory of the country. Moreover, U.S. President Barack Obama warned about negative consecuences of the crisis for other countries. Currently, WTI futures with August delivery add 0.6% to $107.45, while Brent prices climb 0.5% to $115.42 per barrel.
Activity in the production sector of the world's second economy jumped to its highest level in seven months in June of the current year, raising confidence that China will avoid a decrease in growth in the nearest future. The benchmark PMI Index from the HSBC Bank increased to 50.8 points, up from 49.4 in May. Economists, in turn, waited for
Gold prices on world markets decreased slightly on Monday, while investment and physical demand for the metal declined. It is worth pointing out that during last three weeks the bullion gained in price amid Fed's decision to keep interest rates low for a long period of time. Today, gold prices for immediate delivery reached $1,314.05 per ounce, slightly down from
President of the ECB Mario Draghi said on Monday that key interest rates in the Eurozone will remain very low at least until the end of year 2016. According to the ECB plan, the program of supporting banks' lending will last four year, therefore, rates in this time period should stay low. Recently, the ECB weakened its monetary policy even
Stock markets in Europe show no preferences in a movement direction on Monday, while during last nine out of ten weeks the benchmarks gained in value. Investors are still waiting for manufacturing data from Germany and U.S., as they also weigh the GE purchase of French Alstom's energy business. The Europe Stoxx 600 Index loses 0.1% to 348.03 points by
Activity in the manufacturing and service sectors of the France showed the unexpected decline in June of this year, raising serious concerns about the stability of economic recovery in the region. The benchmark PMI Index in the manufacturing sector of the Fifth Republic dropped to 47.8 points, with services PMI decreasing to 48.2, both remaining below the minimum growth limit
欧元兑美元汇价自1.3584最高上涨至1.3643，来自美联储持续低息决议，和欧元区官员强调短期内不会降息的消息都支撑欧元兑美元走高。此外，受乌克兰方面局势的影响，市场避险资金由俄罗斯流出也在一定程度上支持欧元。技术指标MSCD和RSI均呈现多头状态，显示欧元兑美元仍然有进一步走高的可能。
European stock markets show a decrease for the second consecutive trading day on Monday, as analysts are weighing a possible escalation of political conflict in Iraq and are waiting for the industrial production data from the United States. As for now, the benchmark Europe Stoxx 600 Index loses 0.3% to 346.14 points in London. The index continues to slip after
According to the Rightmove company's new data, property prices in the United Kingdom added as much as 3.6% in May of the current year on the monthly basis, pushing up also the annual prices' indicator to 8.9%. Therefore, the average house price in the country reached 272,003 pounds. Analysts of the company say that such an increase has been the
According to the Eurostat data, the consumer price index in the Eurozone remained at the record low level of 0.5% in May of this year, showing no changes from the previous month. Therefore, inflation in the single currency area remains even below the half of the ECB target of 2%. Month-on-month prices fell 0.1%, while the main drivers of decline
Consumer price index in Germany declined to the lowest level in more than four year in May of the current year, reaching 0.9% on the annual basis, while a month ago the inflation stood at 1.3%. Being influenced by low enegry prices, the inflation rate is very low all across the Eurozone. Moreover, the indicator both in Germany and Eurozone
Industrial production volume in the second economy of the world climbed 8.8% in May of this year on the annual basis, confirming the positive effect from government's stimulus measures to support economy. The indicator matched economists' forecasts after a 8.7% increase in April. Industrial production makes important part of Chinese economy and contributes a major part to the overall growth.
According to the official of the Bank of Japan, the regulator is not planning to sell any part of its balance sheet, namely securities, even when the inflation reached the goal of 2%. The BoJ explains the decision by potential increase in long-term interest rates, if sales take place. It is worth pointing out that the similar strategy has been
The equity market in Europe is trading almost on the yesterday's level, when the benchmark Europe Stoxx 600 Index dropped, as some companies decreased their profit expectations. Today, the gauge is going slightly up 0.1% to 347.84 points in the morning in London, trading close to its six-year highest level, as investors are waiting for U.S. labor market and retail
The total volume of new loans in China topped experts' predictions and reached as much as 870.8 billion yuan or $140 billion in May of this year. Analysts waited for the indicator on a 750 billion yuan level. As the country faces significant risks of missing the growth target for 2014 at 7.5%, the government tries to support economy, expanding
Unemployment level in Australia remained unchanged at 5.8% in May of the current year, prolonging the number of months without any changes to three. On the annual basis, however, the jobless rate added 0.3%. Last month, the total number of people without any work advanced 3,200 and reached 717,000, while employment fell. The employment rate decreased slightly to 64.6%.
Industrial production in the Eurozone climbed as much as 0.8% in April of this year, exceeding economists' expectations of a 0.5% rise after a decline of 0.4% a month ago. At the same time, on the annual basis the indicator surged 1.4% in April, also being higher than economists' predictions on a 0.9% level. Strong manufacturing data speaks in favour
According to the NIESR economic institute data, the economy of the United Kingdom added 0.9% during three months, which ended in May of this year. It followed a 1.1% expansion in February-April. Therefore, the institute projects the country's GDP surpassed the pre-crisis peak level it reached in the beginning of 2008. NIESR expects the U.K. economy to advance 2.9% this
According to the minutes of the last FOMC meeting, the Fed is not planning to sell any part of securities from its balance sheet, the total amount of which reaches $4.3 trillion, the record high level. The president of the St.Louis Fed James Bullard pointed on risks of increasing long-term interest rates, in case the Fed sells some of bonds.