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UK GDP grew by 0.3% in Q2

UK gross domestic product (GDP) in volume terms was estimated to have increased by 0.3% between Quarter 1 (Jan to Mar) and Quarter 2 (Apr to June) 2017, unrevised from the preliminary estimate. In the output measure of GDP, growth…

Eurozone economic recovery: Humming along just fine

There were no major data releases from Eurozone today. The CEPR Euro Area Business Cycle Dating Committee published on 7 August the first of its bi-annual regular reports on state of the Eurozone business cycle.1 It made three important points.…

New Home Sales at an annual rate of 571,000

Sales of new single-family houses in July 2017 were at a seasonally adjusted annual rate of 571,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 9.4 percent…

The U.K. economy may be even in worse shape than it looks

That’s the message from UBS AG, which says it’s headed for near-stagnation. Economists led by Pierre Lafourcade at Switzerland’s largest bank said their new model strips out volatility in data to show growth has “softened substantially since the beginning of…

German Manufacturing PMI rose surprisingly in August

Private sector output in Germany expanded at a stronger pace than expected in August, boosting optimism over the health of the euro zone's largest economy, preliminary data showed on Wednesday. Market research group Markit said that its Flash German Composite…

French PMI showed mixed figures

French private sector activity continued to expand in August, boosting the outlook for the euro zone’s second largest economy, according to data released on Wednesday. The preliminary reading of the Markit services purchasing managers’ index dipped to 55.5 this month…

U.S house prices rose 1.6% in Q2

U.S. house prices rose 1.6 percent in the second quarter of 2017 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI).  House prices rose 6.6 percent from the second quarter of 2016 to the second quarter of…

ZEW Economic Sentiment declined both for Germany and Eurozone

The ZEW Indicator of Economic Sentiment for Germany fell considerably by 7.5 points in August 2017 and now stands at 10.0 points. The indicator thus remains significantly below the long-term average of 23.8 points. The assessment of the current economic…

Public Sector Net Borrowing increased in July

Public sector net borrowing (excluding public sector banks) increased by £1.9 billion to £22.8 billion in the current financial year-to-date (April 2017 to July 2017), compared with the same period in 2016. The Office for Budget Responsibility (OBR) forecast that…

AUD: Warning Signs From Iron Ore & China's Real Estate Slowdown - Barclays

Barclays Capital FX Strategy Research continues to see a broadly flat to mild downward trajectory for the AUDUSD beyond the short-term gyrations mainly on the back of pricing an increasing downside risk for the iron ore price in the immediate…

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