Economists predict US production rose in December

Note: This section contains information in English only.
Source: Bloomberg

According to economists questioned by Bloomberg manufacturing activity in US is likely to have improved in December. Economists expect the US manufacturing gauge to increase from 52.7 in November to 53.4 in December. Lift in production activity may be fuelled by surging demand for motor vehicles, holidays and inventory sales.

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Tue, 03 Jan 2012 09:18:19 GMT

UK business confidence diminishes

UK business confidence regarding economic outlook dropped in December reaching the lowest reading since the beginning of 2009. An index that shows the optimism of British companies fell 3 points compared to November, hitting minus 23 in December, said the division of Lloyds Banking Group. The results signal that UK economy is likely to begin 2012 with economy narrowing, told Lloyds' economists.

Tue, 03 Jan 2012 08:00:45 GMT

Australian bonds fall on Asian manufacturing data

Australian sovereign bonds declined reaching highest yields since September as surveys indicate Asian manufacturing is growing and investors demand safe haven assets less. The borrowing costs on 10-year Australian bill increased by 16 b.p. or 0.16 percentage point reaching 3.83%. Analysts predict that benchmark 10-year yields in Australia could climb 22 b.p. by end of March. 

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