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IFX Yana
post Apr 24, 2012, 08:35 AM
Post #381
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post Apr 24, 2012, 08:35 AM
Post #381
China Leading Index Suggests Continued Slowing Of Economy

The Conference Board's leading indicator of China's economic activity went on to support continued slowing of the economy, with significant downside risks remaining.
The Conference Board on Tuesday said that its leading economic index increased 0.8 percent in March to 230.6, slower than 1 percent increase in February and a 2.1 percent increase in January.
"While the China LEI in March continued to increase and its six-month growth rate remained steady, this month's reading supports a continued slowing of the economy," Conference Board's resident economist Andrew Polk said.
According to the economist, the volatility among leading indicators points to significant downside risks. Meanwhile, the diffusion index, which measures the balance among the rising and falling index components, also showed that risks are tilted towards the downside, highlighting the increasing fragility of China's economy, Polk said. The coincident economic index, which measures current economic activity, increased 0.6 percent in March to 219.1, following a 4 percent increase in February and a 3 percent decrease in January.
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IFX Yana
post Apr 25, 2012, 08:31 AM
Post #382
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post Apr 25, 2012, 08:31 AM
Post #382
European Economics Preview: U.K. GDP Data Due

Quarterly national accounts from the U.K. is the major data that is set to dominate the scene on Wednesday.
Spain's statistical office INE is set to publish producer prices for March. Producer prices had increased 3.4 percent year-on-year in February.
At 4.00 am ET, the European Central Bank is scheduled to release bank lending survey results. In the meantime, Norges Bank's first quarter bank lending survey data is due.
Poland's retail sales and unemployment reports are also due at 4.00 am ET. The jobless rate is seen falling to 13.4 percent in March from 13.5 percent in February. Retail sales growth is expected to drop to 10.5 percent from 13.7 percent a month ago.
The Office for National Statistics is scheduled to release quarterly national accounts for the first quarter. Economists forecast the U.K. economy to expand 0.1 percent sequentially after contracting 0.3 percent in the fourth quarter of 2011.
In the meantime, the U.K. index of services for three months ended February is due. Services output is expected to rise 0.5 percent from the prior three months.
At 5.30 am ET, Germany's long-term debt auction results are due. The government aims to raise EUR 3 billion from the issue of bonds maturing on July 2044.
The Confederation of British Industry is scheduled to release Industrial Trends survey data at 6.00 am ET. The order book balance is seen at -6 percent in April compared to -8 percent in March.

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IFX Yana
post Apr 26, 2012, 09:43 AM
Post #383
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post Apr 26, 2012, 09:43 AM
Post #383
European Economics Preview: Eurozone Economic Sentiment Due

Economic sentiment data from Eurozone is the major report on tap for Thursday, an otherwise light day for European economic news.
Consumer confidence survey results from Statistics Finland is expected at 2 am ET.
At 3.15 am ET, Sweden's National Institute of Economic Research is due to release the economic tendency survey report for April. At 3.30 am ET, Swedish producer price figures from Statistics Sweden is slated for release.
At 4 am ET, Italian business sentiment data is due. Economists expect the sentiment index to remain unchanged in April. The Norwegian Labor and Welfare Organization is also due to announce the unemployment figures for this month at the same time.
The British Bankers' Association is scheduled to publish mortgage approvals data for the month of March at 4.30 am ET. The number of mortgage approvals are expected to rise to 34,000 during the month.
Euro area economic sentiment survey results from the European Commission is slated for release at 5 am ET. Economic confidence index is expected to fall only slightly to 94.2 in April from 94.4 in March.
Italy is auctioning EUR 8.5 billion in six-month treasury bills at around 5 am ET.
The Confederation of British Industry is due to publish the distributive trades survey at 6 am ET. German preliminary inflation data is expected at around 8 am ET.

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IFX Yana
post Apr 27, 2012, 08:48 AM
Post #384
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post Apr 27, 2012, 08:48 AM
Post #384
European Economics Preview: German GfK Consumer Confidence Due

Consumer confidence survey results from Germany and consumer spending from France are due on Friday.
At 2.00 am ET, German GfK consumer confidence is due. The forward-looking indicator is forecast to remain unchanged at 5.9 points in May.
In the meantime, Destatis is slated to publish German import prices for March. Import price inflation is seen slowing to 3.3 percent annually from 3.5 percent in February.
At 2.45 am ET, the French statistical office Insee is scheduled to release consumer spending and producer price figures. Economists forecast consumer spending to fall 1.9 percent month-on-month in March. At the same time, producer price inflation is expected to drop to 4 percent in March from 4.3 percent in February.
At 3.00 am ET, a slew of statistical reports are due from Spain. Spain's EU harmonized inflation is seen unchanged at 1.8 percent in April. For the first quarter, the jobless rate is forecast to rise to 23.8 from 22.8 percent in the prior quarter.
Half an hour later, Statistics Sweden is scheduled to issue retail sales and trade balance for March. Retail sales are expected to drop 0.3 percent month-on-month after rising 1.2 percent a month ago. Economists predict the trade surplus to rise to SEK 7 billion from SEK 5.9 billion in February.
At 4.00 am ET, Italy's retail sales figures are due. Retail sales are forecast to drop 0.2 percent month-on-month in February after rising 0.7 percent in January. In the meantime, Norway's retail sales data is also due.
Italy plans to raise a maximum of EUR 6 billion from BTP auction. Results are due at 5.10 am ET.

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IFX Yana
post Apr 30, 2012, 09:31 AM
Post #385
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post Apr 30, 2012, 09:31 AM
Post #385
UK House Prices Increase For Second Month

House prices in the UK rose for a second consecutive month in April led by London, a survey by Hometrack revealed Monday.
Home prices at national level rose 0.1 percent month-on-month in April after 0.2 percent gain in March, the survey report said. The strongest price gain was reported in London, with a 0.3 percent increase.
"Conflicting reports over the strength of the economy and renewed fears over the prospects for the Eurozone could over the coming months impact on buyer confidence," said Richard Donnell, director of research at Hometrack. "As a result we expect price rises to flatten out as we move into the summer."
Meanwhile, the supply of properties rose 4.8 percent in April, faster than a 3.6 percent increase in March.

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IFX Yana
post May 3, 2012, 08:50 AM
Post #386
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post May 3, 2012, 08:50 AM
Post #386
Eastern European Business Climate Index of Foreign Direct Investors Soars in April - Oekb

The OeKB Central and Eastern European Business Climate index of FDI soared to 24 points from 14 in Jan
The economic outlook gauge swung 21 points higher to 11 in April from -10 in Jan.
Russia's business climate gained 13 points to 58 and Romania's doubled to 28, while Ukraine's reading fell eight points to 26 amid continued political tension.
Hungary was in negative territory even as its business climate improved to -9 from -31.
Quotes
"The mood among direct investors for the entire central Europe region has improved noticeably since January. For the coming 12 months a pick-up in the economy and thus a rise in Austrian exports to CEE is expected
OeKB survey

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IFX Yana
post May 7, 2012, 08:35 AM
Post #387
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post May 7, 2012, 08:35 AM
Post #387
European Political Situation Drags Japanese Equities and Yields Lower

Results of Greek and French elections fuelled suspicion about EU's ability to implement tough austerity and dragged Japanese markets down by 266 pts of 2.80 pct to 9,113.57. Results of US non farm payrolls also added further woes to investors concerned about global growth prospectus. Japanese yields for 10 and 20 yr yields hit their lowest level since October 2010. South Korea's Kospi also shed 1.70 pct at market open on same worries

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IFX Yana
post May 11, 2012, 08:09 AM
Post #388
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post May 11, 2012, 08:09 AM
Post #388
Now Is Not the Time to Abandon Flexible Inflation Policies says Boc's Mark Carney

Now is not the right time to part with flexible inflation policies  with "low -fo-long" said BoC's Carny to FT
He said that perusing a policy of temporary higher inflation is an uncertain and extreme response
He did not mention any C bank  while referring to targeting infaltion
Quotes
"Moving temporarily to a higher inflation target risks un-anchoring inflation expectations and squandering the hard-won gains of entrenched price stability"
"Higher and more uncertain inflation raises risk premiums and real interest rates, and worsens debt dynamics,"
"Central banks are most effective when they operate with clear and stable objectives."  
"The pursuit of temporarily higher inflation could only work if policy were anchored to a new target, such as nominal gross domestic product - total output at market prices, unadjusted for inflation,"
BoC's Mark Carney
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IFX Yana
post May 15, 2012, 09:13 AM
Post #389
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post May 15, 2012, 09:13 AM
Post #389
Business Investment stalled French Economy to Zero Growth in Q1 As Expected

French preliminary GDP growth was reported neutral in Q1. Business investment was down by 1.4 pct while household and Public investment declined by 0.2 pct and 0.1 pct each. Household consumption (+ 0.2 pct) and Public consumption (+0.5 pct) however supported the economy. Economists also expected a zero growth for the economy however some expected it to decline by 0.3 pct as well. Other European economies going to report their GDP growth are Germany (poll 0.1 pct q/q), Italy (poll -0.6 pct q/q ), Dutch (poll -0.2 pct q/q). Euro zone as a whole expected to report shrinkage of 0.2 pct in q/q terms


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IFX Yana
post May 16, 2012, 09:39 AM
Post #390
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post May 16, 2012, 09:39 AM
Post #390
Greece Worries Hits Nikkei, S. Korea's Kospi Tumbles

Worries about possibility of Greece leaving euroz one hit Nikkei hard as Japanese Benchmark Index lost 1.1 pct at mkt close. South Korea's KOSPI tumbled very sharply by 3.08 pct at mkt close with losers like Samsung Electronics (- 6.2 pct) amd SK Hynix (-8.9 pct). IMF's Lagarde said yesterday that Greece could exit in orderly fashion, but even that could have impact beyond imagination because of possible contagion

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IFX Yana
post Jul 12, 2012, 08:14 AM
Post #391
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post Jul 12, 2012, 08:14 AM
Post #391
European Economics Preview: Eurozone Industrial Output Data Due


Industrial production from Eurozone and monthly bulletin from the European Central Bank are the major reports due on Thursday.
At 1.30 am ET, the French statistical office Insee is slated to release annual inflation data for June. Annual inflation is seen falling to 1.9 percent in June from 2 percent in May. EU harmonized inflation is forecast to fall to 2.2 percent from 2.3 percent.
At 2.00 am ET, Destatis is scheduled to publish German wholesale price data for June. Wholesale prices were down 1.7 percent year-on-year in May.
Dutch retail trade and trade balance figures are due at 3.30 am ET. In the meantime, Sweden's average consumer price data is also due.
Half an hour later, the European Central Bank is set to issue monthly bulletin. The bank last week lowered its main refi rate by 25 basis points to 0.75 percent.
At 5.00 am ET, Eurostat is scheduled to release industrial output for May. On a monthly basis, Eurozone output is expected to remain flat after falling 1.1 percent in April. Annually, production is forecast to fall 3.2 percent.
In the meantime, results of Italy's debt auction are due. The government aims to raise about EUR 7.5 billion from 12-month BOT auction.
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IFX Yana
post Jul 13, 2012, 08:01 AM
Post #392
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post Jul 13, 2012, 08:01 AM
Post #392
BoJ: Economic Activity Picking Up Moderately

The Bank of Japan on Friday said that the economic activity has started to pick up moderately amid firm domestic demand.
The central bank, in its monthly report, noted that public investment as well as business fixed investment continued to increase. Private consumption also continued to increase moderately due to the effects of measures to stimulate demand for automobiles.
According to BoJ, housing investment has generally been rising. Exports have shown signs of a pick-up. Production also started to increase moderately albeit with some fluctuations. "Under these circumstances, business sentiment has been improving moderately particularly in domestic demand-oriented sectors," the central bank said.
As for the outlook, Japan's economy is expected to return to a moderate recovery path as domestic demand remains firm and overseas economies emerge from the deceleration phase.
"Overseas economies have shown some, albeit moderate, improvement, but on the whole still have not emerged from a deceleration phase," the bank noted. At the same time, there remains a high degree of uncertainty about the global economy. Particular attention should be given to developments in global financial markets associated with the European debt problem, BoJ said.
The year-on-year rate of change in the CPI is expected to remain at around zero for the time being. The BoJ has set a 1 percent target for inflation this year.
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IFX Yana
post Jul 16, 2012, 09:49 AM
Post #393
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post Jul 16, 2012, 09:49 AM
Post #393
Wen Warns China's Economic Woes May Continue For Some Time

China's economic recovery is yet to gain momentum and the economic strains may continue for some more time, Premier Wen Jiabao has warned, the official Xinhua news agency reported on Sunday.
The country's economic recovery is not yet stable and economic hardships may continue for a period of time, he said during an inspection tour in southwest Sichuan province over the weekend.
The Chinese economy expanded 7.6 percent in the second quarter, marking the weakest growth rate since the first quarter of 2009.
In the second half of the year, the government will increase efforts to fine-tune its policies and make policies more targeted and effective, Wen said.
A meeting of the State Council this week is widely expected to churn out policies for the second half. Wen have been calling for further fine-tuning of the country's policies to stabilize growth after indicators continued to point to weaker economic performance ahead.
The State Council had earlier warned the economy is currently facing "increasing downward pressure."
The Premier noted that the economy is running at a slower, but more stable pace. The economic growth rate is still within the government target range set early this year and the stabilization policies taken by the government are working, he added.
China's economic fundamentals remain sound and the country still enjoys huge growth potential, Wen said.
However, concerns remain over the economy's ability to sustain its growth momentum. On July 5, the People's Bank of China unexpectedly reduced the interest rate for a second time in less than a month. The bank has cut the reserve requirement rate three times since November last year.
The Asian Development Bank last week cut China's growth forecast for 2012 to 8.2 percent from 8.5 percent citing a fall in exports, industrial output and investment. The lender also lowered the 2013 growth projection to 8.5 percent from 8.7 percent.

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IFX Yana
post Jul 17, 2012, 08:17 AM
Post #394
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post Jul 17, 2012, 08:17 AM
Post #394
Japan's Azumi: Speculation Driving Yen Gains

Japan's Finance Minister Jun Azumi said Tuesday that speculative moves are pushing up yen and the currency gains do not reflect the country's economic fundamentals.
Speculative moves mainly influenced by weak outlook for the U.S. economy is driving the currency higher, Azumi was quoted as saying. He said the government is closely watching the developments.
Rapid appreciation of yen could hurt the economy and therefore, the Ministry will take decisive measures, if needed, he added.
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IFX Yana
post Jul 18, 2012, 09:13 AM
Post #395
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post Jul 18, 2012, 09:13 AM
Post #395
European Economic Preview: BoE Minutes, U.K. Claimant Count Due


The minutes of Bank of England's monetary policy meeting and U.K. claimant count figures are due on Wednesday.
At 3.00 am ET, Czech producer price data is due. Economists forecast producer price inflation to remain at 1.7 percent in June.
At 4.30 am ET, the Bank of England is scheduled to release the minutes of the Monetary Policy Committee meeting held on July 4 and 5. The central bank raised its quantitative easing by GBP 50 billion to GBP 375 billion and retained its record low 0.50 percent interest rate at its July meeting.
In the meantime, the Office for National Statistics is set to publish U.K. claimant count data for June. The number of people claiming jobseeker's allowance is forecast to increase by 5,000. The jobless rate for three months to May is seen at 8.2 percent.
Switzerland's ZEW investor confidence survey results and Italy's current account reports are due at 5.00 am ET.
Germany plans to sell zero percent Federal Treasury notes maturing on June 2014. The results of the auction are due at 5.30 am ET.
At 8.00 am ET, Poland's industrial output and producer prices are due. Industrial production is expected to grow 4.1 percent annually, following a 4.6 percent rise in May. Producer price inflation is seen slowing to 4.7 percent from 5 percent a month ago.
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IFX Yana
post Jul 19, 2012, 08:28 AM
Post #396
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post Jul 19, 2012, 08:28 AM
Post #396
ADB Says Emerging Asia Needs Closer Ties To Offset Risks Of Economic Integration

Developing Asian economies need more co-operation to counter the risks emanating from economic and financial integration, the Asian Development Bank (ADB) said in a report on Thursday.
In its new report titled Asian Economic Integration Monitor, the lender said close integration speeds up the transmission of a crisis in one country to another as has been seen recently in Europe. In addition, greater integration may increase the income inequalities within countries even as it reduces the inequalities between countries.
With integration rising and set to continue in Asia, the region's governments need to cooperate more to offset these risks, the report said.
"Developing Asia's strong economic growth is in large part due to increased economic and financial ties within the region but greater integration can bring contagion and other risks and we must address those threats through closer cooperation," said Iwan Azis, Head of ADB's Office of Regional Economic Integration.
To offset the risks from greater integration, ADB proposed a number of measures to be implemented by Asian governments, including strengthening safety nets like the swap arrangements, building more transport links and improving its policy, regulatory and institutional frameworks.
Meanwhile, it noted that internationalizing the renminbi is likely to boost regional cooperation and integration, particularly in East and Southeast Asia.
The report said that the external environment for Asia has worsened given Europe's continuing sovereign debt and banking crisis, and the weak US economic recovery. Destabilizing capital flows and a larger-than expected slowdown in China are also major risks to the region's economic outlook.
ADB forecasts developing Asia to grow 6.6 percent in 2012 and 7.1 percent in 2013.
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IFX Yana
post Jul 20, 2012, 08:46 AM
Post #397
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post Jul 20, 2012, 08:46 AM
Post #397
European Economics Preview: U.K. Public Finance Data Due

Public finances from the U.K. and producer prices from Germany are the major reports due on Friday, headlining a light day for the European economic news.
At 2.00 am ET, Germany's producer prices for June are due. Producer price annual inflation is seen easing to 1.8 percent in June from 2.1 percent in May. On a monthly basis, producer prices are expected to drop 0.2 percent.
France's leading index for May is due from the Conference Board at 4.00 am ET. The leading index fell 0.1 percent, while the coincident index remained flat in April.
At 4.30 am ET, the Office for National Statistics is set to publish U.K. public finances for June. Public sector net borrowing is seen at GBP 13.4 billion compared to GBP 17.9 billion in May.
Poland's net consumer prices for June are due at 8.00 am ET. Net annual inflation is expected to rise to 2.4 percent from 2.3 percent in May.
Later today, Eurozone finance ministers will meet in Brussels to discuss Spanish bank bailout. Ministers are expected to sign an agreement on the proposed financial assistance to recapitalize Spain's troubled banks.
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IFX Yana
post Jul 23, 2012, 09:27 AM
Post #398
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post Jul 23, 2012, 09:27 AM
Post #398
Japan Govt: To Work Decisively With BoJ To Address Deflation, Yen Appreciation

The Japanese government on Monday vowed to work "decisively" with the Bank of Japan to prevent the adverse impacts of yen appreciation and deflation on the economy.
"The government will also make an utmost effort to prevent the economy from falling into vicious cycle between yen appreciation and deflation," the government said in a monthly report published by the Cabinet Office.
"The government will decisively work together with the Bank of Japan toward the exit from deflation which is the biggest challenge of Japanese economy in the short term," the report said.
Prime Minister Yoshihiko Noda held talks with Bank of Japan Governor Masaaki Shirakawa in Tokyo earlier on Monday as the yen gained further ground against euro amid worries over Spanish banking sector despite Eurogroup's approval of the bailout deal last week.
The euro fell below JPY 95 in Asian trade on Monday to its weakest level since November 2000. Meanwhile, Finance Minister Jun Azumi reportedly said that he is watching the currency moves closely and will take decisive steps to counter excessive yen gains.
Toward defeating deflation, reforming the economic structure predisposed to deflation is essential along with appropriate macroeconomic policy management, the government said in the monthly report.
Accordingly, it will deploy a broad range of policy measures intensively by fiscal 2013 "to mobilize goods, people, and money." The government said it expects the central bank to continue powerful monetary easing until the economy exits deflation. The BoJ has set an inflation target of 1 percent.
According to the report, movements toward sound economic recovery in the Japanese economy are expected to take hold in the short-term due to reconstruction demand. However, there are widespread concerns about further slowdown of overseas economies and a high degree of uncertainty persists about the prospects of the Eurozone debt crisis.
The report noted that these circumstances, including negative effects that could stem from sharp fluctuations in the financial markets are downside risks to the Japanese economy. Constraints of electric power supply is another risk to the outlook, it said.
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IFX Yana
post Jul 24, 2012, 10:17 AM
Post #399
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post Jul 24, 2012, 10:17 AM
Post #399

Hong Kong's Trade Deficit Widens In June

Hong Kong's merchandise trade deficit increased from last year in June, data released by The Census and Statistics Department showed Tuesday.
The trade deficit increased to HK$44.705 billion in June from HK$40.261 billion in the same month last year. Economists were looking for a shortfall of HK$39.5 billion.
Export of goods decreased 4.8 percent year-on-year to HK$278.228 billion in June. The value of re-exports decreased by 4.7 percent annually, while domestic exports fell by 10.3 percent. Compared to May, overall shipments were lower by 5.5 percent during the month.
The value of imports declined by 2.9 percent annually to HK$322.932 billion during the month. Month-on-month, arrivals decreased 2.2 percent in June.
In the first half of 2012, the value of total exports of goods edged up 0.3 percent compared to the same period last year, while imports increased by 1.4 percent, data showed.
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IFX Yana
post Jul 25, 2012, 08:36 AM
Post #400
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post Jul 25, 2012, 08:36 AM
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European Economics Preview: U.K. GDP, German Ifo Business Confidence Due

Quarterly national accounts from the U.K. and business sentiment from Germany are the major reports due on Wednesday, headlining a busy day for the European economic news.
At 3.30 am ET, Statistics Netherlands is scheduled to release producer confidence survey data. The sentiment is expected to improve to -4.7 in July from -4.8 in June.
At 4.00 am ET, Germany's Ifo business confidence is due. Economists forecast business sentiment to fall to 104.5 from 105.3 in June. At the same time, current assessment and expectations are seen easing to 113 and 96.8, respectively.
The Office for National Statistics is set to publish first estimate for the first quarter U.K. GDP at 4.30 am ET. The economy is forecast to contract 0.2 percent sequentially after falling 0.3 percent in the prior quarter.
Germany is set to hold a long-term debt auction to raise EUR 3 billion. The results are due at 5.30 am ET.
At 6.00 am ET, the Confederation of British Industry is slated to release Industrial Trends survey results for July. The order book balance is seen at -10 percent, up from -11 percent in June.

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Regards, official representative Yana Krupko

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