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UK GDP expected to grow 0.5% in Q4

UK gross domestic product (GDP) was estimated to have increased by 0.5% in Quarter 4 (Oct to Dec) 2017, compared with 0.4% in Quarter 3 (July to Sept) 2017. The dominant services sector, driven by business services and finance, increased…

M3 Money Supply decreased to 4.6%

The annual growth rate of the broad monetary aggregate M3 decreased to 4.6% in December 2017, from 4.9% in November. The annual growth rate of the narrower aggregate M1, which includes currency in circulation and overnight deposits, decreased to 8.6%…

New Home Sales fell by 9.3%

Sales of new single-family houses in December 2017 were at a seasonally adjusted annual rate of 625,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 9.3 percent…

Draghi says no rate hike in 2018

Draghi exhibited higher confidence that the ECB would reach its inflation target, yet was extremely cautious in signalling any policy changes ahead. His reluctance to call recent FX moves excessive was still what markets paid most attention to. Further confidence…

UK post-Christmas retail sales growth disappoints

According to the latest CBI survey on Realized Sales that 33% of retailers said that sales volumes were up in January on a year ago, whilst 21% said they were down, giving a balance of +12%. This undershot expectations (+17%).…

German Ifo business morale improves unexpectedly in January

German business confidence rose unexpectedly in January, a survey showed on Thursday, suggesting that Europe’s biggest continued to fire on all cylinders at the beginning of 2018. The Munich-based Ifo economic institute said its business climate index, based on a…

Existing Home Sales fell by 3.6%

U.S. home sales fell more than expected in December as the supply of houses on the market dropped to a record low, pushing up prices and sidelining some potential first-time buyers. The decline in home sales reported by the National…

UK Unemployment steady in November

There were 32.21 million people in work, 102,000 more than for June to August 2017 and 415,000 more than for a year earlier. The unemployment rate (the proportion of those in work plus those unemployed, that were unemployed) was 4.3%,…

German Manufacturing PMI down, Services PMI at sevn-month high

Private sector output in Germany maintained strong growth momentum in January, fueling optimism over the health of the euro zone's largest economy, preliminary data showed on Wednesday. The preliminary German services purchasing managers’ index rose to a nearly seven-year high…

French Manufacturing PMI declined in January

French private sector activity continued to grow at a strong pace in January, underlining optimism over the economic outlook of the euro zone’s second largest economy, preliminary data showed on Wednesday. The preliminary services purchasing managers’ index improved to a…

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