Inflation Falls In Eurozone And US Economies
Figures released for the Eurozone and US economies show that inflation in both regions is well under control and has fallen below the 2% target set by the European Central Bank and the US Federal Reserve.
Japan’s Recovery Gathers Pace
Japan is currently the world’s third largest economy. Much of the nation’s economic strength stems from global demand for its export goods. However, demand for Japanese products has been under pressure because of weak global demand, a factor exacerbated by the recent strength of the Yen.
France Slips Into Recession
The preliminary figures for how economies have fared during the first quarter of 2013 are being declared.
First Tranche Of Bailout Funding Paid To Cyprus
Cypriot banks were heavily exposed to Greek sovereign debt and took substantial losses during the debt write-down which Greece forced upon its creditors as a condition of the nation obtaining its second EU/IMF bailout. As a result, Cyprus needed to find €23 billion in order to safeguard its banking sector, but the EU/IMF were only prepared to lend the nation €10 billion towards this total with the Cypriots having to find the remainder.
Forex Week in Review – May 13, 2013
At the end of last week’s trading, all of the world’s major markets ended higher. In Europe over the course of the week, the FTSE was up by 1.6%, it closed at 6625.5; the Dax ended at 8278.6, rising by 1.9% over the course of the week; the CAC was up by 1% to end the session at 3953.8.
German Output Increases In March
The German economy is the largest within the Eurozone and the wider European Union and therefore German economic data is closely scrutinised as a portent for the fortunes of the wider EU. Germany has one of the lowest levels of unemployment within the EU (together with Austria) at 6.9% of its workforce, or 2.9 million people idle.
Stock Markets In Bullish Mood
The Dow Jones Industrial index has broken the 15000 point barrier and has reached fresh record highs. Before the Global Financial Crisis struck, the Dow’s record close stood at 14164.5 in October 2007. Whilst yesterday’s close at 15056.2 is a new record and represents good news, it means that the index has climbed by just 892 points over the past 67 months.
Forex Weekly Outlook May 20-24
Sat, 18 May 2013 04:48:15 GMT
Eurozone Remains in Recession
Fri, 17 May 2013 19:26:10 GMT
Few Surprises in a Slow Data Week
Fri, 17 May 2013 19:22:04 GMT
Japan strikes back
Fri, 17 May 2013 16:26:46 GMT
Week Ahead: the conundrum behind the rally
Fri, 17 May 2013 15:03:00 GMT
Bounce in LEI Reflects Surge in Permits
Fri, 17 May 2013 14:59:40 GMT
Giddy Up! New Highs for the Dollar
Fri, 17 May 2013 14:21:50 GMT