German Ifo Business Climate at 18 month-high

Source: WBP Online
The German Ifo Business Climate index, released this Friday, 9:00am GMT, stood at 109.3, higher than market expectations of 107.7, and than previous months number of 107.4. The expectations survey, measuring businesses' expectations of the upcoming six months, posted a reading of 106.3 points, higher than the 104 projected and the 103.6 figure of last month. The current assessment survey also came in higher than expected, with a value of 112.2, compared to an expectation of 111.6 and a previous month's value of 111.3.
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Fri, 22 Nov 2013 11:05:03 GMT

Italy and Spain to defend their budget drafts at Eurogroup meetings

Both Spain and Italy's ministers of economics are expected to justify their proposed budgets this Friday, during the Eurogroup Meetings in Brussels. This comes a week after the European Commission expressed doubt that Italy and Spain are doing all they can to lower debt or reduce deficits. These doubts were contested by the two countries. The European Commission hopes that

Fri, 22 Nov 2013 09:13:09 GMT

U.S. jobless benefits fall more than forecast

First-time applications for jobless benefits in the world's largest economy declined by much more than economists preliminary estimated in the week ended on November 16, the Labor Department showed in a report on Thursday. According to the report, claims for unemployment benefits slipped from 344,000 to 323,000 last week, while it was forecast to fall to 335,000.

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