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CBI Manufacturing Orders survey showed balance of +13%

According to the latest CBI survey 27% of firms said they were more optimistic about the general business situation than three months ago and 14% were less optimistic, giving a balance of +13% (up from -11% in the three months…

ZEW Economic Sentiment climbed in January

The ZEW Indicator of Economic Sentiment for Germany climbed 3.0 points in January 2018, currently standing at 20.4 points. The indicator thus still remains slightly below the long-term average of 23.7 points. The assessment of the current economic situation in…

UK Public Sector Net Borrowing decreased by £6.6 billion

Public sector net borrowing (excluding public sector banks) decreased by £6.6 billion to £50.0 billion in the current financial year-to-date (April 2017 to December 2017), compared with the same period in 2016; this is the lowest year-to-date net borrowing since…

Aussie struggling with 0.80 area

Aussie managed to close above 0.80 threshold and new buying lifted it above yesterday's highs briefly in Asia earlier today.  However, there is a growing sense that the market has gone too far, and the 4% decline in iron ore…

Sterling up in a quiet Monday trade

There were no major data releases from the UK today. The Pound has held its ground the past week of trading as it has attained values which continue to test a variety of technical highs. Retail Sales data from the…

German economy still growing at a brisk pace

Germany’s economy is continuing to expand at an exceptionally brisk underlying pace, the Bundesbank’s experts write in the January 2018 edition of the Bank’s Monthly Report. While they concede that the rate of growth registered in the fourth quarter of…

Euro stronger ahead of ECB meeting

The euro rose against the U.S. dollar on Monday, just shy of the three-year high touched last week, as market participants awaited the outcome of the European Central Bank’s meeting on Thursday for possible clues to future shifts in the…

ANZ forecasts an interest rate hike in May

Next Wednesday’s CPI report is likely to show inflationary pressures in the Australian economy have stabilised, ANZ says. And that means the bank is sticking to its view that the RBA is on track to raise rates in May this…

Unemployment Claims decreased to 220,000

In the week ending January 13, the advance figure for seasonally adjusted initial claims was 220,000, a decrease of 41,000 from the previous week's unrevised level of 261,000. This is the lowest level for initial claims since February 24, 1973…

Building Permits unchanged, Housing Starts fell in December

Privately-owned housing units authorized by building permits in December were at a seasonally adjusted annual rate of 1,302,000. This is 0.1 percent below the revised November rate of 1,303,000, but is 2.8 percent above the December 2016 rate of 1,266,000.…

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