Retail sales in Switzerland accelerated on an annual basis in March as non-food prices recorded a robust advance, the latest data unveiled by the Federal Statistical Office showed on Monday. According to the report, the nation's retail turnover grew by 3% in March following a 1.2% increase posted in the previous month.
Inflation measured as consumer price index in India accelerated in the month of April as food prices rose notably, a report unveiled by the Central Statistical Office revealed on Monday. According to the report, the country's consumer price inflation increased annually by 8.59% in April following a 8.31% advanced in the prior month.
Industrial output in the Asia's third largest economy shrank in March easing for the second successive month, the latest data released by the official statistical office showed on Monday. According to the data, the country's industrial production slipped by 0.5% on an annual basis in March as consumer demand weakened, while it was originally seen to be falling to 1.5%.
Wall Street opened higher earlier on Monday trading session pushing the benchmark stock index Standard & Poor's 500 close to its highest level all-time. The S&P 500 Index gained as much as 0.48% to 1,887.51, the Doe Jones industrial average added 0.43% to 16,654.85 and the Nasdaq Composite index jumped 0.63% to 4,097.37 points.
The 18-nation bloc currency slightly advanced earlier on Monday trading session as investors stayed cautious before the European Central Bank revealed its decision whether to add more stimulus or cut rates further. The Euro gained as much as 0.1% rising from Friday's one-month low of $1.3745 to $1.3759 and it was last seen at 140.21 yen.
China's equities advanced on Monday trading session with the benchmark stock index closing at the strongest level in more than two weeks after the government in Beijing pledged to add more reforms of capital markets in the country and supporting commodity sector. The CSI 300 gauge rose to 2,180.1 points at the close, while the Shanghai Composite Index added 2.1%
Government bonds in the U.S. and Europe dropped on Monday trading session as majority of European shares advanced pushing the benchmark index towards the highest level in six years as the European Central Bank may add more stimulus into the region's financial system. U.S. Treasuries fell with the 10-year yields rising to 2.649%, while German benchmark 10-year yields gained to
The total number of job vacancies in the financial sector of London climbed 67% in April of the current on the annual basis, reaching as many as 8,955 against 5,355 a year ago, while British and global economy recovers from the crisis. Moreover, the average salary for new workers added 21% last month. Financial companies are mostly looking for compliance
European stocks advance in the beginning of the new trading week, showing the consecutive surge for four weeks in a row, while most of Asian shares jumped and U.S. equities' futures are stable. The benchmark Europe Stoxx 600 Index added 0.2% to 339.36 points by 7:00 GMT in London, as investors are waiting from the ECB to take further actions
The economic growth in Estonia turned to be negative in the first three months of the current year, as the GDP lost 1.2% on quarterly basis. Moreover, year-on-year economy dropped 1.9% after a 0.3% decrease in October-December quarter. The data showed a slowed increase in manufacturing sector, particularly in chemical and electronic industries, which also decreased exports.
Activity in the construction sector of Ireland reached the maximum level since 2004 in April of this year, as orders increase and companies hire new staff. The benchmark PMI Index for this particular sector from the Ulster Bank advanced to 63.5 points last month from 60.2 points in March. The indicator expands for the eight consecutive month, having a reading
The European economy is recovering from the prolonged recession and is ready to show a pick up this week, as analysts are waiting for GDP data. However, the ECB is probably going to increase the pace of stimulus in June, pointing on very low inflation of 0.7%, less than a half of the ECB target. Among possible actions, economists see
The vast majority of investors, who participated in the poll of Bloomberg news agency, agree that the Eurozone faces serious risks of deflation in the medium-term. This point of view was supported by 74% of respondents. It is worth pointing out that some countries, such as Portugal, have already registered deflation, while the overall CPI level in the Eurozone still
The Bank of England's Monetary policy committee decided to keep the monetary policy course, implementing no changes to the interest rate of 0.5%, which is stable since 2009. Moreover, the volume of asset purchases program has also been kept at the previous level of 375 billion pounds. As expected by analysts, any changes may start to take place in the
Barclays Plc, one of the biggest banks in the United Kingdom, announced on Thursday 7,000 additional job cuts that will take place by 2016. A report shows that the financial institution wants to decrease its dependence on this working unit. Therefore, the total job losses will amount 19,000 by 2016. Today, Barclays Plc shares are jumping 4.7% to 254.75 pence
The government of Denmark unveiled a plan to support country's economy, as the mortgage crisis pushed it to recession. As expected, the authorities are preparing a $1.1 billion investment plan to increase output. Moreover, the business climate is expected to improve considerably, with tax breaks for new companies, lower taxes on dividends and reduced electricity fees.
Consumer confidence in Switzerland weakened modestly in the month of April amid lower spending by the nation's households staying cautious about general economic development, the State Secretariat for Economic Affairs showed in a report on Thursday. Switzerland's consumer sentiment index dropped from +2 recorded in January to a level of +1 in April, while it was originally seen to be
Industrial output in the Europe's largest economy dropped surprisingly in March, a report unveiled by the statistical office Destatis showed on Thursday. According to the report, the German industrial production slipped 0.5% on a sequential basis in March falling for the first time in a five-month period, while in February the production gained 0.6%.
House prices in the United Kingdom dropped in April falling for the second successive month, however the pace of decline was lower than in the previous month, the latest data revealed by the Lloyd Banking Group showed on Thursday. According to the report, the U.K. house prices fell 0.2% in March following a slide by 1.2% in the prior month.
United Kingdom's average asking house price declined on April, while it originally expected to slightly advance on the month, a report released by the Royal Institution of Chartered Surveyors showed on Thursday. According to the report, the U.K. house price balance recorded score of 54 points in April compared to originally expected 56 points.
Unemployment in Australia slightly declined in April with the jobless rate falling to 5.8% on the month compared to initially forecast of 5.9%, the latest data unveiled by the Australian Bureau of Statistics showed on Thursday. The country's economy added 14,200 jobs, while it was estimated to rise only by 8,750 jobs after it adding 18,146 in March.
Labour productivity in the world's largest economy dropped in the first three months of this year and falling by more than experts initially projected, the latest report released by the Labor Department showed on Wednesday. According to the report, the U.S. labour productivity slipped by 1.7% in the Q1 following a 2.3% advanced in the Q4 of 2013.
U.S. consumer credit increased by much more than economists originally projected in March, a report unveiled by the Federal Reserve showed on Wednesday. According to the report, the world's largest economy consumer credit jumped by $17.5 billion in the month of March after rising by $13 billion in February.
According to the Bloomberg survey, the vast majority of analysts predict the ECB to keep its monetary policy without any significant changes after today's meeting. Only two out of 58 analysts forecast a decrease in the main interest rate from 0.25% to 0.15% or 0.1%, as inflation in the Eurozone picked up to 0.7%. Moreover, the same number of investors