Demand for German goods rises

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Source: Bloomberg

Orders for German factories unexpectedly rose in May. Demand mainly came from Europe and an increase was equal to 0.6% compared to April indicators. Investment goods sales rose by 0.2%, whereas orders from EU jumped by 11%. Experts attributed an increase to active exporting and record low unemployment rate in Germany. Meanwhile  the ECB may cut interests rates on Thursday 04.07.2012 to stimulate lending and growth in the single currency are further.

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Thu, 05 Jul 2012 13:42:40 GMT

The Bank of England approved issuance of GBP50 billion

On Thursday, 4th of July, Monetary Policy Committee of the Bank of England approved issuance of GBP50 billion from its reserves to finance asset-purchasing programme. The total amount of money issued for the year 2012 will amount GBP375 billion. The programme is expected to end in four months.  Moreover, the committee decided to leave Bank Rate for commercial banks at 0.5% .

Thu, 05 Jul 2012 16:39:40 GMT

European markets steady ahead of ECB and BoE meetings

On Thursday, the stocks on European markets were almost unchanged ahead of the  ECB and the Bank of England meetings as well as Spain and Ireland's auctions. Traders awaited freash easing measures from the ECB and BoE. The Stoxx Europe 600 index stood at 257.41, with financials, oil, food and drug sectors facing strong pressure.

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