US consumers benefited from cheap oil

Source: Bloomberg
The unexpected fall in fuel costs is an advantage to households, while the impact on companies is not as obvious. Consumer confidence index advanced to its seven-years high in January due to a sharp fall in oil prices and improving labour market. However, durable goods orders unexpectedly plunged 3.4% in December.
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Wed, 28 Jan 2015 22:35:05 GMT

German's economic outlook strengthened due to oil prices

German's Chancellor Angela Merkel announced positive economic outlook due to strong drop in oil prices and the ECB-led quantitative easing measures. Therefore, Germany's economy probably will advance 1.5% compared to a 1.3% forecast in October also due to an increase in consumer spending and wage growth. The ministry is expecting oil prices around 59 dollars per barrel.

Wed, 28 Jan 2015 22:13:03 GMT

Australian core inflation is surprisingly high

The cost of living in Australia increased more than expected, decreasing the need for the Cental bank to cut interest rates. According to the Statistics Bureau the core price level gauge increased 0.7% compared to the previous quarter, when the growth was equal to 0.3%.

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