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French Mfg Business Confidence Rises More Than Expected In December

French Mfg Business Confidence Rises More Than Expected In December     (Forex News) - French manufacturing business confidence rose more than expected in December, survey results from the statistical office Insee showed Friday. The sentiment index climbed to 103 in December from 100 recorded in November. Economists had forecast a reading of 102. Manufacturers' general production expectations increased in December, with the corresponding indicator climbing to 10 from...

Hungary January-October Gross Earnings Rise

Hungary January-October Gross Earnings Rise     (Forex News) - The average gross nominal earnings of Hungarian employees increased by 2.3% between January and October compared to the same period a year ago, figures showed on Friday. The Central Statistical Office said real earnings rose 2.8% in the same period. Net earnings climbed 7.9% in the first ten months of the year. by Forex Staff Writer ...

Ireland Rating Cut Five Levels By Moody's

Ireland Rating Cut Five Levels By Moody's       (Forex News) - Ireland's credit rating has been cut by five notches to Baa1 by Moody's, which blamed the Republic's deteriorating fiscal position for the action. The move comes just a few weeks after Dublin agreed to a 85 billion-euro bailout deal with the European Union and the IMF. The downgrade means Irish debt is now rated...

EU To Set Up Permanent Bailout Mechanism; ECB Signals Risk In Bond Buying r

EU To Set Up Permanent Bailout Mechanism; ECB Signals Risk In Bond Buying       (Forex News) - European Union leaders decided on Thursday to establish a permanent bailout mechanism for debt-trapped economies from 2013 and not to raise the size of the existing temporary rescue fund. Meanwhile, the central bank raised its capital, apparently to signal that bond purchases are not risk-free. Members agreed to...

French Mfg Confidence Brightens In December

French Mfg Confidence Brightens In December     (Forex News) - French manufacturing confidence climbed to a two-and-a-half-year high in December as industrial economic situation in the country improved, results of a survey conducted by Insee revealed Friday. The sentiment index climbed to 103 in December from 100 recorded in November. That was more than the expected increase to 102 and matched the reading recorded in June...

British Pound Gains as Retail Sales Expands & Inflation May Rise

British Pound Gains as Retail Sales Expands & Inflation May Rise     The Great Britain pound jumped today after the reports showed that Britain’s retail sales expanded and the UK consumer inflation expectations increased, suggesting that Britain’s economy performs not that bad. The retail sales volume increased by 0.3 percent between October and November, following the 0.7 percent growth in October from September. The Bank of England/GfK NOP Inflation Attitudes Survey showed that the median...

PBoC's Zhou: Reserve Ratio Hikes Aimed At Sterilizing Excess Liquidity

PBoC's Zhou: Reserve Ratio Hikes Aimed At Sterilizing Excess Liquidity     (Forex News) - China will continue to use measures to mop up additional liquidity from the financial system, People's Bank of China Governor Zhou Xiaochuan reportedly said on Wednesday. Despite higher inflation pressure, "we still need to step up our sterilization efforts," media reports quoted Zhou as saying. Chinese central bank on Friday raised commercial bank's reserve...

India's Food Price Inflation Rises

India's Food Price Inflation Rises       (Forex News) - India's annual food price inflation increased to 9.46% as on week ended December 4 from 8.69% recorded in the week ended November 27, the Commerce & Industry Ministry said. Food price inflation rose for the second time after slowing for seven consecutive weeks. Inflation in the primary articles group climbed to 13.25% from 12.66% recorded in the previous week. Inflation...

European Economic Preview: Eurozone PMI Due

European Economic Preview: Eurozone PMI Due       (Forex News) - Eurozone PMI and revised inflation data along with UK retail sales and Swiss interest rate decision are due on Thursday, headlining a busy day for European economic news. EU leaders begin a key two-day summit in Brussels today where they will debate introducing a common eurozone bond among other measures towards preventing future sovereign debt ...

US Tax Cuts Extension 'Unlikely To Boost Growth'

US Tax Cuts Extension 'Unlikely To Boost Growth'     (Forex News) - US President Barack Obama's compromise tax bill is too "passive" to provide any meaningful boost to the economy over the next two years, a Westpac economist says. Elliot Clarke said the extension of the tax cuts for all income groups for a further two years, while welcome, is only likely to have a negligible impact...
 
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