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Sweden Expected To Have Zero-Growth, Low Inflation

posted by ctrlaltdel 1214 days ago in CHF, Fundamental, Inflation

Wednesday, the latest Inflationary Expectations survey for Sweden showed that inflation and gross domestic product growth expectations in the one and the two-year perspective have tumbled since the previous survey, a report from research agency T

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German January Business Confidence Unexpectedly Rises

posted by ctrlaltdel 1215 days ago in EUR, Fundamental

German business confidence unexpectedly rose for the first time in eight months after the European Central Bank lowered interest rates and the government doubled its economic stimulus package to fight the recession.

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U.S. business climate worst in 27 years

posted by ctrlaltdel 1216 days ago in USD made popular 1216 days ago

U.S. firms are experiencing the worst business conditions in 27 years as the year-long recession worsens, a survey showed on Monday.

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Obama warns of crisis as economy shrinks

posted by ctrlaltdel 1217 days ago in USD, Fundamental

AMERICANS are bracing for more bad news this week, when data will probably show that the US economy shrank by an annualised 5 to 5.5 per cent in the last three months of 2008, the biggest contraction in decades.

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Euro Zone New Orders Stronger than Expected in Month to Nov

posted by ctrlaltdel 1220 days ago in EUR, Fundamental

Industrial new orders in the euro zone declined less than expected in November, falling 4.5% month-over-month in seasonally adjusted terms, according to a Eurostat report on Thursday.

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Australian Consumer Pessimism Deepens

posted by ctrlaltdel 1222 days ago in AUD, Fundamental, Consumer

Australian consumer confidence fell in January, the nation’s second-largest department store operator cut its profit forecast, and Prime Minister Kevin Rudd said foreign banks may reduce lending to businesses as the global recession takes hold.

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Japan’s Demand for Service Falls as Consumer Spending Weaken

posted by ctrlaltdel 1223 days ago in JPY, Fundamental made popular 1222 days ago

Japan’s demand for services dropped in November as a deepening recession prompted companies to fire workers and lower wages.

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German economy to shrink 2-2.5% in 2009

posted by ctrlaltdel 1226 days ago in EUR, Fundamental, GDP made popular 1226 days ago

The German economy is set to suffer its deepest recession since World War II, with growth in Europe's biggest economy to slump by as much as 2.5 percent this year, Economy Minister Michael Glos said Friday.

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European Central Bank Cuts Key Interest Rate Again

posted by ctrlaltdel 1226 days ago in EUR, Fundamental, Inflation made popular 1226 days ago

The European Central Bank reduced a key interest rate by half a percentage point yesterday, an aggressive step by an institution that has taken a more conservative approach to the current economic crisis than the Federal Reserve and other major c

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German DIW Says Economy Will Contract 0.8% in First Quarter

posted by ctrlaltdel 1227 days ago in EUR, Fundamental

The German economy, Europe’s biggest, will shrink 0.8 percent in the first quarter from the previous three months, the third consecutive contraction, the Berlin-based DIW economic institute said.

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ECB Expected To Trim Interest Rates

posted by ctrlaltdel 1227 days ago in EUR, Fundamental, Inflation

Thursday, the European Central Bank is expected to reduce its benchmark interest rate further to shore up the economy from prolonged recession.

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Pound slide may switch to dollar from euro for 2009

posted by ctrlaltdel 1228 days ago in GBP, Fundamental

With all news bad news for Britain's battered economy, sterling's six-month slump may have further to go, but charts show any new year slide is more likely to be against the dollar than the euro.

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