Swedish GDP decline misses estimates

Source: Bloomberg
© Scanpix/Reuters
The economic decline in Sweden reached 0.2% in the second quarter of this year, while the first report suggested the 0.1% decline. The annual growth shrunk even more deeply, while the economy added only 0.1% from the same period of 2013, down from the latest estimate of a 0.6% advance. Analysts explain the economic slump with weak exports data and lower investment levels.
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Fri, 13 Sep 2013 12:24:04 GMT

U.K. government gilts drop with Treasuries amid Summers report

U.K. government gilts declined with U.S. Treasuries as Japanese Nikkei newspaper posted former Treasury Secretary in the U.S. Lawrence Summers potentially may be named the next Federal Reserve chairman. The yield on the U.K. benchmark 10-year bonds increased two basis points to 2.96% and the 2.25% bond maturing in September 2023 slipped 0.15 to 93.90.

Fri, 13 Sep 2013 12:02:04 GMT

Bank of England may increase rate in 2015

Taking into account the latest Bloomberg survey, investors expect from the Bank of England to increase the key interest rate in the first six months of 2015. Nowadays, the benchmark rate stand at 0.5%. BoE officials say that the easing program will continue until the unemployment rate reaches 7%. Alongside, economists think that they will have to wait at least until 2016

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