8 December, 2016 by The TZ Newswire Staff Comments Off on France manufacturing output Oct mm -0.6% vs -1.4% prev
France manufacturing output Oct mm -0.6% vs -1.4% prev
France OCT manufacturing output 9 Dec
– prev from -1.1%
– industrial output -0.2% vs -1.4% prev from -1.1%
Sluggish data again sees EURUSD a tad lower again on general USD demand but euro elsewhere holding some early gains.
8 December, 2016 by The TZ Newswire Staff Comments Off on Darrell Delamaide’s Political Capital: Italian insurgents have the momentum if snap election is called
Darrell Delamaide’s Political Capital: Italian insurgents have the momentum if snap election is called
As Italy considers calling a quick election, the open question is how much momentum the political insurgents have against the moribund mainstream parties, writes Darrell Delamaide.
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8 December, 2016 by The TZ Newswire Staff Comments Off on The Wall Street Journal: South Korea’s parliament votes to impeach President Park Geun-hye
The Wall Street Journal: South Korea’s parliament votes to impeach President Park Geun-hye
The National Assembly’s motion to impeach Park, who has been embroiled in a political scandal over misuse of influence, now goes to the country’s Constitutional Court for a final sign-off.
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8 December, 2016 by The TZ Newswire Staff Comments Off on Bundesbank raises German GDP forecasts for 2016 and 2017
Bundesbank raises German GDP forecasts for 2016 and 2017
BUBA out with its semi-annual review 9 Dec
– both raised to +1.8%
– cuts inflation f/cast to 1.4% from 1.5%, 2018 1.7%, 2019 1.9%
– German budget to generate surpluses for years without new measures
Cautionary tones amongst the more bullish headline.
8 December, 2016 by The TZ Newswire Staff Comments Off on ECB Review: Less ‘Punch In The Bowl’ From Draghi
ECB Review: Less ‘Punch In The Bowl’ From Draghi
8 December, 2016 by The TZ Newswire Staff Comments Off on ECB’s Coeure says slower pace of bond purchases is a sign of confidence in Eurozone economy
ECB’s Coeure says slower pace of bond purchases is a sign of confidence in Eurozone economy
ECB board member Benoit Coeure out on the wires 9 Dec
– sees inflation rising to target
– long term rates will eventually rise
– does not see a banking crisis in Europe
Meanwhile EURUSD up to 1.0627 in a general buying spell that sees EURGBP above 0.8450 and EURJPY 121.60
8 December, 2016 by The TZ Newswire Staff Comments Off on UK Brexit ministry says FT account of comments by Davis do not properly reflect govt policy
UK Brexit ministry says FT account of comments by Davis do not properly reflect govt policy
UK Brexit ministry with a statement after today’s FT article 9 Dec
The article quoted sources that Brexit minister Davis told a City of London Corporation event that he was “not really interested” in transitional Brexit deal.