confidence improves in germany
German business confidence unexpectedly improved during November, adding to hope that the eurozone’s largest economy could rebound.
Macro News
-
-
manufacturing growth offers china recovery hope
New figures suggesting Chinese manufacturing activity expanded for the first time in over a year offer hope that the world’s second largest economy is in the midst of a genuine recovery.
-
France loses triple a credit rating
Moody’s Investors Service has stripped France of its top credit rating after citing the country’s stalling economic growth and the ongoing eurozone crisis.
-
bernanke staying at fed adds to imbalance risk
Barack Obama’s victory in the recent US presidential election could ultimately heighten the risk of “huge” global imbalances growing worse, according to Smith & Williamson’s Robert Royle.
-
dont forget periphery risks after ireland change
Ireland’s recent upgrade by Fitch Ratings does not mean conditions have greatly improved for other countries on the eurozone periphery, the agency has warned.
-
bond investors warn of risks to high yield party
European fixed-income investors fear that risks such as the eurozone crisis and weak economic growth will hamper the “booming” high-yield bond market, research by Fitch Ratings finds.
-
eurozone drops back into recession
The eurozone has returned to recession after official data suggested the currency bloc’s economic growth contracted for a second quarter running.
-
US-focused Geffen predicts positive surprises
Equities are cheap, markets lack conviction and, with the global economy at a turning point, there's plenty of potential for positive surprises, according to Neptune's Robin Geffen.
-
inflation jumps to during october
UK inflation showed a surprise jump in October as university tuition fees, food and transport pushed up prices by more than economists expected.
-
japan heads towards recession
Japanese GDP contracted during the third quarter of the year, heightening concerns that the world’s third-largest economy is heading back into recession.
-
qe extended by the back door
The Bank of England has changed how its asset purchase facility (APF) is managed, in a move which amounts to further loosening of UK monetary policy.
-
former mpc member urges no more qe
The Bank of England should not extend its quantitative easing (QE) programme past the current £375bn, according a former member of the Monetary Policy Committee (MPC).
