LONDON — Britain and Germany offered a welcome respite from the otherwise gloomy economic outlook around the world on Friday when the two economies reported surprisingly optimistic data.
Britain stunned economists with a 1.1 percent increase in its gross domestic product in the second quarter — almost twice the rate that had been expected, according to [...]
Posts Tagged ‘euro zone’
Strong Economic Data Stokes Optimism in Britain and Germany
July 23rd, 2010 by Financial Writer
Tags: business, economic growth, economist, euro zone, european economy, financial, inflation, manufactured goods, money
more...US Stocks Climb Modestly, Boosted By Deals, Early Earnings Reports
July 19th, 2010 by Financial Writer
U.S. stocks bounced back modestly Monday, as investors drew confidence from weekend deals and early earnings reports ahead of a week packed with corporate results and stocks regained some of their equilibrium following Friday’s sharp decline.
Better-than-expected earnings from Delta Air Lines and Halliburton helped boost expectations for the week’s crop of earnings releases, which will [...]
Tags: Dow Jones Industrial, economy recovery, euro zone, european economy, european union, IMF, investors, money, Nasdaq composite, us stocks
European economy slowed by sovereign debt, banking crises
July 13th, 2010 by Financial Writer
Speaking to reporters at the end of last week, the head of the European Central Bank (ECB), Jean-Claude Trichet, sought to play down speculation on the possibility of the euro-zone entering a new recession.
“We are in a situation,” he said, “where a number of facts and figures and data are not, I would say, confirming [...]
Tags: economic growth, economists, economy recovery, euro zone, european economy, financial crisis, IMF, interest rates, loans, money, us economic, world economic
Gold Rises to Record on Haven Demand Amid U.S., Europe Concerns
June 18th, 2010 by Financial Writer
Gold futures rose to a record $1,260.90 an ounce on demand for a haven amid Europe’s fiscal woes and dimming prospects for the U.S. economy.
The metal has climbed 15 percent this year, outperforming equities and bonds, while the euro has slumped 14 percent. A majority of Greeks believe the country may go bankrupt, an opinion [...]
Tags: economists, euro zone, european economy, financial, money, precious metal, us economy, us federal reserve, us recovery
Spanish Bond Auction Brings Strong Demand
June 17th, 2010 by Financial Writer
PARIS — The Spanish government sold €3.5 billion of bonds Thursday, the maximum set for the auction, easing investor worries that the country will struggle to make ends meet without outside help.
The successful sale, worth about $4.3 billion, helped push European stocks and the euro higher.
The yield on the benchmark 10-year Spanish note fell 5 [...]
Tags: business, economic recovery, euro zone, european economy, european stocks, financial markets, financial stocks, financial system, IMF, wall street
German Investor Sentiment Plunges on Debt Crisis
June 15th, 2010 by Financial Writer
German investor confidence plunged in June on concern that the sovereign debt crisis will undermine export prospects and crimp growth in Europe’s largest economy.
Greece’s near default has prompted governments from Berlin to Madrid to implement budget cuts to convince investors they can tame deficits, threatening to damp demand and hurt the region’s economic recovery. While [...]
Tags: business, debt crisis, economic recovery, euro zone, european central bank, european economy, european stocks, germany, investors, unemployment rate
Oil ends down after U.S., China data disappoint
June 12th, 2010 by Financial Writer
U.S. oil prices fell more than 2 percent on Friday as an unexpected fall in May retail sales in the United States and easing industrial output in China revived concerns about the economy and oil demand.
Friday’s slide snapped a three-day string of higher closes, but for the week oil prices still managed a 3.17 percent [...]
Tags: Chinese economy, commerce department, euro zone, investors, oil prices, stock market, us consumer, us retail sales
Economy growing slowly but steadily
June 5th, 2010 by Financial Writer
The headlines right now are ominous — from the European debt crisis to a gargantuan gulf oil spill to renewed political tensions in several corners of the world. Financial markets have faltered as a result.
But the U.S. economic recovery is still plugging along.
That is the message from the latest wave of economic data, including several [...]
Tags: businesses, debt crisis, economy, economy recovery, euro zone, european economy, Federal Reserve, financial, financial markets, unemployment rate, us economic recovery, USA
Gold slips below $1,220 but investment supports
June 2nd, 2010 by Financial Writer
Gold slipped below $1,220 an ounce in Europe on Wednesday as investors cashed in some of the previous session’s gains, but investment demand for the metal as a haven from risk is expected to continue to underpin prices.
The dollar strengthened and equity markets slipped as persistent fears the euro zone’s debt crisis could hamper the [...]
Tags: business, debt crisis, economic recovery, euro zone, european economy, european union, financial markets, Global Economy, IMF, investors, us economy
Manufacturing in U.S. Expands Faster Than Forecast
June 1st, 2010 by Financial Writer
Manufacturing in the U.S. expanded in May for a 10th month as factories boosted payrolls to keep up with rising sales here and abroad.
The Institute for Supply Management’s manufacturing gauge fell less than forecast to 59.7 from 60.4 in April, which was the highest level in almost six years. Readings greater than 50 point to [...]
Tags: consumer spending, debt crisis, economic recovery, euro zone, european economy, financial, inventory, stock market, us consumer, us economy, us exporters, us manufactured
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