ECB Cut Minimum Bid Rate Unexpectedly
Mario Draghi – President of European Central Bank The European Central Bank unexpectedly cut its 3 main interest rates (source www.ecb.europa.eu): *The interest rate on the main refinancing operations...
View ArticleRetail Sales in US Increased The Most in Four Months
A women making her daily purchases Retail Sales rose 0.6% in United States of America, the biggest rise in four months, according to the U.S. Census Bureau News. Sales in August 2014 rose 5.0%...
View ArticleCanada Retail Sales Flat in July
Retail Store After six consecutive monthly gains, retail sales paused in July, edging down 0.1% to $42.5 billion. Sales declined in 5 of 11 subsectors, representing 55% of retail trade. According to...
View ArticleNFP Pushed Euro Lower Against Dollar
People working in the office Non-Farm Employment Change, the most important release every month, like always brought some extreme volatility with itself. Total nonfarm payroll employment rose by...
View ArticleCanada Unemployment Rate Fell from 7% to 6.8%
Construction workers in Canada In Canada employment increased by 74,000 in September, nearly all in full-time work. This pushed the unemployment rate down 0.2 percentage points to 6.8%, the lowest...
View ArticleInflation in UK Lowest in Five Years
UK Pennies The Consumer Price Index (CPI) grew by 1.2% in the year to September 2014, down from 1.5% in August, according to Office for National Statistics. The growth was significantly lower than...
View ArticleUnemployment in Spain Lowest Since 2011
Spanish Flag and Euros Unemployment in Spain fell to the lowest since the end of 2011 in the third quarter this year as economic growth picked up. Joblessness fell to 23.7% in the 3rd quarter from...
View ArticleRussian Central Bank Lifts Key Interest Rate to 9.5%
Russian Central Bank On 31 October 2014 the Bank of Russia decided to raise key rate to 9.5% per annum, a 1.5% hike from previous rates. This is because of considerable fall in oil price and stricter...
View ArticleEuro Area Inflation at 0.4% annual
ECB Headquarters Euro area annual inflation was 0.4% in October 2014, up from 0.3% in September. A year earlier the rate was 0.7%. European Union annual inflation was 0.5% in October 2014, up from...
View ArticleNon-Farm Employment 321K vs 231K expected
Total nonfarm payroll employment increased by 321,000 in November, and the unemployment rate was unchanged at 5.8 percent, the U.S. Bureau of Labor Statistics reported today. Job gains were...
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