Economists say Eurozone recovery isn’t a one-off expanding as area emerges from recession September 4, 2013 With confirmation that the Eurozone has finally emerged from its six quarter recession, posting 0.3 per cent GDP growth in the second quarter, economists now expect the area to move back towards more impressive growth figures. Capital Economics stress the new purchasing managers' index data as a sign that signs of recovery are not anomalous: [...]
Loads of Twitter’s functions just disappeared September 4, 2013 Update: All of these functions are now back. Looks like Twitter was having some technical trouble. A load of Twitter's functions just disappeared overnight. So far, we can't find any update from Twitter about why this has happened. What we've found so far: No more auto-complete suggestions in the search bar. You used to get [...]
UK sees strongest new business growth in service sector for 16 years September 4, 2013 Great news for the UK service sector this August, as the latest data from Markit shows that activity in the sector is growing at its fastest pace since December 2006. The purchasing managers' index rose from 60.2 to 60.5, despite an expected slowing in expansion to 59.0. New business growth also grew at the fastest [...]
Emerging countries could suffer if the US tightens policy, IMF warns September 4, 2013 Emerging countries could suffer if the US turns off the monetary easing taps, the IMF fears. According to Reuters, a note prepared for the G-20 meeting in St. Petersburg warns that tightening policy is likely to put emerging economies at risk. In its surveillance note, obtained by Reuters, the IMF urged strengthened global action to [...]
Eurozone sees order books expanding at fastest rate in two years September 4, 2013 The Eurozone recovery may finally be materialising, albeit at a lacklustre pace. Data from Markit has shown the currency bloc's purchasing managers' index has risen from 50.5 to 51.5. That's below expectations of a rise to 51.7, but it's still pretty good news. Christian Schulz, senior economist, Berenberg: The overall data conceal two different recoveries [...]
France sees slowest contraction in service sector for a year September 4, 2013 The French services sector has performed better than expected in August. While still contracting, the pace of contraction has slowed. Analysts were expecting the squeeze to bite harder. Markit's purchasing managers' index shows a rise from 48.6 to 48.9, rather than the anticipated drop to 47.7. Jack Kennedy, senior economist at Markit said: The downturn [...]
Italian service sector slump continues September 4, 2013 While we're expecting the Eurozone services sector as a whole to show growth in August, the Italian sector remains stuck in contraction. The headline purchasing managers' index number rose from 48.7 to just 48.8. Economists had forecast an increase 49.4, bringing the economy close to the end of contraction. Any number below 50 implies that [...]
Spanish service sector sees first growth in activity in 26 months September 4, 2013 The Spanish service sector just saw its first rise in activity in 26 months. According to fresh data from market, the sector's purchasing managers' index increase from 48.5 to 50.4 in August. That's above an expected increase to 50.0. 50 is the break even point, a number under 50 implies expansion. Above would suggest expansion. [...]
Before the open – 04/09 September 4, 2013 London's leading index, the FTSE 100, is expected to open flat this morning. #FTSE called flat to slightly up ahead of open, stocks to watch include Ryanair, Ashtead Group & Hargreaves Landsown. — Sales Traders CMC UK (@SalesTradersCMC) September 4, 2013 European services data is expected to show that sector order books have returned to [...]
Ryanair issues profit warning as weakness in Autumn season appears September 4, 2013 Budget airline Ryanair has issued a profit warning, announcing that it expects full year results to show profit at the lower end of the expected range of €570m to €600m (£482m to £508m). Full year traffic is also expected to come in lower at 81 million from 81.5 million previous. CEO Michael O'Leary said that [...]
