German economy gains momentum in the beginning of 2014: Capital Economics

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Source: RTT News
The European largest economy began this year with a notable momentum as recent economic data signaled, the latest report published by the Capital Economics revealed, with the business confidence gaining on rising level of expectations among entrepreneurs. The Ifo Institute's business climate index added to 110.6 in January exceeding initial estimates for the month.

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Tue, 28 Jan 2014 10:41:23 GMT

Treasuries drop as Fed may taper off

U.S. Treasuries declined on Tuesday trading session amid speculation that the U.S. Federal Reserve may curb its bond-purchasing program further by $10 billion a month as the policy meeting begins today. The benchmark 10-year government bond yields advanced three basis points to 2.78% as of 9:02 a.m. in London.

Tue, 28 Jan 2014 10:19:08 GMT

U.K. economy expands 1.9% in 2013, beating Treasury forecasts

Economic growth in the United Kingdom reached 0.7% in the last quarter of the previous year, while on the annual basis GDP advanced as much as 2.8%. Speaking about 2013, economy increased 1.9%, beating the Treasury expectations at 1.8%. Services sector of the U.K. economy surged 0.8% on a quarterly basis, while manufacturing climbed 0.9% and construction dropped 0.3%.

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