Mood on the high street hits nine-year high June 26, 2014 CONSUMER confidence in the UK has swelled to the highest levels in nine years, with sentiment continuing to improve as the recovery rolls on, according to a major survey. GfK’s latest survey of consumers, announced this morning, has risen back into positive territory for the first time since 2005, ending almost a decade of negativity. [...]
France set to miss deficit target June 25, 2014 FRANCE’S statistical agency suggested yesterday the economy would grow too slowly to meet the country’s deficit target this year, as German consumer confidence climbed to a post-crisis high. The French agency Insee indicated that the government would likely not meet its growth target – with only a 0.7 per cent boost likely. “With growth clearly [...]
Best optimism rise since 1978 March 28, 2014 UK CONSUMER confidence rose at the joint-fastest pace since the 1970s in the 12 months to March, according to a survey that has been running for four decades. GfK’s index for spenders’ sentiment rose by 22 points between April 2013 and March this year, the joint fastest pace since a 12-month period between July 1977 [...]
Consumer confidence in Italy approaches a three-year high March 26, 2014 ITALIAN consumer confidence jumped to a near three-year high this month, official data revealed yesterday, providing a boost to new Prime Minister Matteo Renzi. Morale on the high street has been sharply improving in many western countries in recent weeks, with strong US surveys sending stocks higher across the pond. And yesterday Italy’s stats office, [...]
German parties agree on grand coalition terms November 27, 2013 GERMAN Chancellor Angela Merkel’s centre-right party yesterday secured a deal with the country’s social democrats for the formation of a new government, after months of negotiations. The deal’s terms include a minimum wage and a lowering of the pension age for workers who have contributed since age 18. However, the centre-left party must first ballot [...]
London Report: Water firms to show how well profits flowing November 24, 2013 THE FTSE 100’s latest female executive, Liv Garfield, will get an idea of what she’ll face when she joins Severn Trent next year as her new employer announces interim results, along with Pennon and United Utilities. The three, who have been called on by regulators to stop planned price hikes, are expected to have increased [...]
What you need to know before the open – 31/10 October 31, 2013 The Fed's decision last night to stick with its current stimulus level wasn't a big surprise, given the probable damage caused by shutdown. US markets were dragged down, however, on the absence of discussion on shutdown, tight credit conditions and high interest rates. Asian markets were cooled by the news, too, with Seoul shares edging [...]
Consumer confidence slides October 30, 2013 Consumer confidence in the UK dipped for the first time this year in October, according to a widely-regarded index published this morning. The measure, conducted by research group GfK, slipped from minus 10 to minus 11 – having improved from minus 27 back in April. “We are still higher than at any time since December [...]
Before the Open: Politics continue to mute markets September 26, 2013 US and European markets are expected to open lower again today after political squabbling in the US over raising the debt ceiling. Global markets are suffering from risk-off. US equities saw their 5th straight loss overnight with risk currencies once again following. — RMB Global Markets (@RMB_GM) September 26, 2013 Asian markets closed lower, [...]
Italy consumers confident after two-year gap September 25, 2013 CONSUMER confidence in Italy has finally rebounded this month, responding to the Eurozone’s fragile recovery from an 18-month recession. According to official statistics released yesterday, Italian consumer confidence is in positive territory for the first time since August 2011, just after the European Central Bank’s last attempt to hike interest rates. The headline index for [...]