June 24, 2014
Prior 0.433m 18.6% m/m Prior 6.4% revised to 3.7% That’s a big jump in new homes and should go someway to lessening any worries over the housing market. USD/JPY up to 101.99 from 101.92
June 24, 2014
Ifo adds to signs of premature slowdown June’s Ifo survey added to signs that German GDP growth may already be slowing at what should have been an early stage of the recovery. The decline in the headline Ifo Business Climate Indicator (BCI), from 110.4 to 109.7, was weaker than the consensus expectation of a fall to… View Article
June 24, 2014
“An overly early withdrawal of stimulus risks foregoing endogenous improvements in productivity, whereas if the exit is left too late then any excess inflationary pressures can be easily dealt with by raising bank rate. That points to a late rather than early exit”. *CARNEY SAYS BOE RATE INCREASES WILL BE LIMITED, GRADUAL * CARNEY: MORE… View Article
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