Decline in new car sales starts to slow June 6, 2011 THE UK’s post-recession decline in car sales may be on the verge of bottoming out, according to data released yesterday. New car registrations recorded a fall for the 11th straight month in May – yet the 1.7 per cent annualised drop was the smallest since July of last year. The market is expected to stabilise [...]
One in five failing to save anything for retirement June 6, 2011 ONE in five workers are not saving anything at all towards their retirement, a survey revealed today. And nearly half of workers between 30 years-old and state pension age are failing to save adequately, according to the latest Scottish Widows index. “We need a step-change to overcome this ingrained inertia and help people prepare for [...]
Survey shows faster growth for Canada June 6, 2011 CANADA’S economic prospects received a boost yesterday, with a widely regarded purchasing managers’ index (PMI) rising to 65.5 in May from 57.8 in April, in seasonally-adjusted terms. The unadjusted index was 69.1 last month, up from 57.7 in April. Analysts had forecast an unadjusted reading of 58.1 and a seasonally- adjusted reading of 60. All [...]
FED’S PLOSSER: US STILL NEEDS TO TIGHTEN June 6, 2011 AMERICAN monetary policy could be tightened by the end of the year despite weak jobs figures from last week, the Federal Reserve’s Charles Plosser said yesterday. “I’m not seeing anything fundamental has changed in my view of the medium term outlook,” the hawkish Fed official said. Asked about a further programme of quantitative easing, dubbed “QE3”, [...]
Eurozone investor morale dips June 6, 2011 Investor confidence in the Eurozone has collapsed this month, according to the Sentix index released yesterday. The German-based index fell to 3.5, heavily down from 10.9 in May. Analysts cited fears over Greece’s sovereign debts and inflationary pressures for the decline.
Producer prices up in euro area June 6, 2011 Industrial producer prices spiked by 0.9 per cent in the Eurozone in April, compared to March, Eurostat figures revealed yesterday. Prices were up 6.7 per cent annualised, slightly slower than March’s revised annual rate of 6.8 per cent. Across the wider EU area, producer prices were up 7.8 per cent compared to April 2010.
Spain’s industrial output drops June 6, 2011 Spanish industrial output fell by 0.3 per cent in April, according to data published yesterday, after a 1.1 per cent monthly fall in March. The annual rate for April showed a 1.6 per cent decline, compared to a 0.4 per cent drop the previous month.
Trade rising across OECD states June 6, 2011 Imports to G7 and BRICS countries were up by 11 per cent in the first three months of the year, compared to an 8.2 per cent rise in the final quarter of 2010, the Organisation for Economic Co-operation and Development announced yesterday. Total exports grew by 8.5 per cent, up from 8.2 per cent growth.
High oil price cuts airline profit in half June 6, 2011 GLOBAL airlines have cut their 2011 profit forecast by more than half to $4bn (£2.4bn) as high oil prices and turmoil in Japan, North Africa and the Middle East weigh on the industry’s recovery. The International Air Transport Association (IATA), which represents most global carriers, disclosed the new forecast yesterday, and also warned of a [...]
HMV leads the top shorted FTSE stocks as investors remain bearish June 6, 2011 STRUGGLING retailer HMV has failed to convince short sellers of its recovery story, despite a string of positive developments for the embattled music store chain. The company is the most shorted stock in the FTSE All Share index, with almost 20 per cent of its shares out on loan, according to DataExplorers. HMV sold the [...]
