The Central Bank of Brasil decided to keep the main interest rate unchanged. The borrowing costs remained at 11% level, fully matching all economists' forecasts. The inflation level in the country in rising, however, the slowing economic growth limits opportunities for any changes. In total, during the last year through April 2014, the CB of Brazil raised the rate by
New car registrations in Europe continued to increase in June of this year, reaching 1.23 million units versus 1.18 million in June 2013. Therefore, the period of sales' advance has been prolonged to ten months in a row. The largest jump of sales has been registered in the South European countries. Deliveries in Spain and Portugal added 24%, while car
Stock market in Europe declined on Thursday, while the negative news came from Russia, as the EU countries implemented further sanctions amid country's inability to de-escalate the conflict in Ukraine. Therefore, Russian ruble dropped and yield on government bonds surged considerably. At the moment, the benchmark Europe Stoxx 600 Index loses 0.6% during the trading session in London.
Manufacturing production in Japan rose more than previously predicted in May of the current year. According to the final data from the Ministry of Trade, Economy and Industry, indicator added 0.7% on a monthly basis, while the first estimation showed a 0.5% rise. On the annual basis, industrial output advanced 1% and has also been revised upwards. In April, in
Industrial production in the single currency area declined considerably in May of this year, losing 1.1% on a monthly basis, which has been worse than analysts expected. The drop followed a 0.7% rise in April. Analysts say the region's economy may slower in the nearest future. The largest decrease of the industrial production has been registered in Portugal – by
Consumer price index in Germany advanced in June of the current year, however, the indicator still remains at a relatively weak level, being much lower than the ECB 2% target. On a monthly basis, inflation rose 0.4% in June, raising the annual indicator to as much as 1%, half of the ECB target rate. At the same time, a CPI
Output in the construction industry of the United Kingdom decreased in May of this year, confirming economists' concerns about a possible general drop in construction activity in the country in the April-June quarter. Indicator for output slipped 1.1% in May on a monthly basis after a 1.2% rise in April. Therefore, year-on-year advance of the sector also slowed to 3.5%.
英国央行于7月10日公布了利率决议，如预期一样未有大变动。利率约定在0.5%，一如预期和前值。量化宽松规模也一如前值3750亿英镑。决议公布之后，市场反应平淡，英镑/美元未见大幅震荡，依旧维持在1.71上方交投。
James Bullard, the President of the Federal Reserve bank of St.Louis, announced on Thursday that a considerable decline in the jobless rate in the U.S., namely under 6%, can significantly raise risks of inflation. He expects the CPI to reach 2.4% by the end of the next year, above the Fed's 2% target. Therefore, there is an increased probability of
Equity market in Europe declines for a fifth consecutive trading day, while today the value of shares of the biggest companies was influenced by Chinese exports, which fell short of predictions. Moreover, the Fed officials expressed some concern about risks for the U.S. economy. As for the morning in London, the benchmark Europe Stoxx 600 Index decreases 0.2% to 339.28
Industrial production in France surprisingly declined in May of this year, while economists predicted a slight increase in the output. Manufacturing sector of the country decreased 1.7% on a monthly basis, compared to the forecast of a 0.1% advance. Among components, energy production rose, while manufacturing production showed a 2.3% plunge – the biggest in 18 months.
Consumer price index in the second largest economy of the world declined to 2.3% in June of the current year, more than economists forecasted before the data was released. It was projected to drop to 2.4%, down from 2.5% in May. The main drivers of decrease were pork and vegetable prices. At the same time, analysts predict the CPI to
Housing prices in the United Kingdom continued to increase in June of this year. According to the Halifax mortgage company's data, prices added 8.8% on the annual basis, up from 8.7% in May. As the rise continues, analysts point on stabilization of growth in prices. Month-on-month, in turn, property prices decreased 0.6% in June, showing the fourth monthly slip since
WTI traded near the minimum price in a month since inventory data may apprise of the bargaining strength of fuel demand in the U.S. The key August-delivery futures for West Texas Intermediate crude were at $103.52 a barrel during the electronic trading at 4:48 p.m. in Sydney. The contract fell 13 cents to $103.40 yesterday, the smallest close since 6
German exports fell in May of this year much more than it was expected by economists, slipping 1.1% on a monthly basis after a considerable 2.6% advance in April. At the same time, imports plunged 3.4% in May, which lead to a strong surge in the trade surplus data. The positive trade balance increased to 17.8 billion euro versus a
According to the Bank of France estimations, economic growth in the country could reach as much as 0.2% in the April-June quarter of the year 2014, picking up from stagnation in the first quarter. Meanwhile, the forecast has not changed from the previous prediction of the Bank of France. Business sentiment remains stable, while analysts wait for a slight rise
Retail sales in Switzerland declined in May of the current year by 0.6% on the annual basis after a strong 0.8% rise a month before. It has been a first slump of retail sales in four months. At the same time, retail sales excluding the volatility items, such as fuel, fell only 0.3% May following a 1.1% gain in April.
Manufacturing sector in the United Kingdom declined surprisingly in May of this year by the most in a year, while analysts predicted the output to increase 0.4%. Indicator, in turn, plunged 1.3% on a monthly basis. It has been the first slump in six months. Some economists say that the decline in manufacturing can slower economic growth in the country
TeliaSonera, the biggest telecommunications operator in Sweden and Finland, agreed to buy the Tele2 AB companys's business in Norway. The total amount of the deal reaches $744. As supposed, the purchase will raise TeliaSonera's market share to 40% from current 23%. At the same time, today TeliaSonera shares are declining 0.6% to 49.63 kronor by 8:15 GMT in Stockholm.
Unemployment rate in Switzerland remains one of the lowest in Europe, being unchanged in June of the current year at a 3.2% level, seasonally adjusted. The total number of people without any work dropped 3,678 on a monthly basis and reached 126,632 last month. Moreover, the jobless rate among youth stays stable at 2.7%, as the number of unemployed young
Industrial production in Germany declined in May of this year, while analysts predicted no changes. Therefore, the output declines for a third consecutive month, while analysts say the largest economy of the Eurozone is cooling. Production in May decreased 1.8% from the previous month, when it slipped a revised 0.3%. At the same time, on the annual basis the indicator
Stock markets in Asia advance during the last trading session of this week, while payrolls data from the United States added a positive impetus to all markets. As expected, a strong labor market may boost economic growth in the Q2. The benchmark MSCI Asia Pasific regional index rises 0.4% in the morning for London time. European and American futures remain
American companies added much more jobs than it was forecasted in June of the current year, raising confidence the country's economy is able to keep the positive growth impetus despite a strong GDP fall in Q1. Payrolls advanced 288,000 in June, putting the total January-June job creation on 1.39 million. Unemployment rate, in turn, decreased to 6.1%, the smallest since
The total number of factory orders in Germany dropped in May of this year, as producers adjust their expectations amid uncertainty with geopolitical risks. Despite a sanctions to Russia, German export still depends on this country. Orders, in turn, decline 1.7% on a monthly basis, after a 3.4% increase in April. At the same time, analysts predicted the indicator to