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30th of December 2010
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News Tag: concerns

December 1, 2010

Euro continues to fall over debt fears

by Kay Murchie
Euro continues to fall over debt fears
The euro is continuing its slide against the US dollar over debt concerns in the euro zone. The single currency is falling as investors are nervous that the debt crisis could spread to weaker economies, such as Portugal and Spain – despite reassurances from both countries that the recent Irish bailout will stabilise the euro zone. However, fears are now mounting for ...




November 14, 2010

UK consumer confidence falls to 18-month low

by Kay Murchie
”UK
The latest survey from the Nationwide Building Society has revealed a further fall in UK consumer confidence for the month of October. The building society’s consumer confidence index lost just one point to a reading of 52 in October but this level has not been seen since March 2009 - when the economy was in the midst of its worst recession ...




October 19, 2010

Fears for Japanese economy as yen strengthens

by Kay Murchie
”Fears
Concern has been raised for Japan’s recovery today after the Cabinet Office said the economy is at a standstill, attributed to the rising yen, which is weakening demand for exports. As a result of a rising yen, the Bank of Japan (BoJ) intervened to stem the currency against the US dollar – the first time in six years that such action ...




October 4, 2010

UK construction activity picks up in September

by Kay Murchie
”UK
The Chartered Institute of Purchasing and Supply(CIPS)/Markit construction PMI index showed activity improved last month, driven by the commercial sector and civil engineering. However, activity in the housebuilding sector dropped - bringing an end to a year-long period of expansion. The index edged higher to 53.8 in September, from 52.1 in August - surprising analysts, who had expected a fall to ...




September 15, 2010

BoE policymaker admits high inflation is a concern

by Kay Murchie
’BoE
Professor David Miles, who joined the Bank of England’s Monetary Policy Committee (MPC) in June 2009, has warned that high inflation is a concern and it is likely to remain relatively volatile over the next few years. Professor Miles was quotes in the East Anglian Daily Times as saying: "From my point of view on the MPC, I am particularly ...




September 14, 2010

Yen continues to rise against US dollar

by Kay Murchie
Yen continues to rise against US dollar
The Japanese yen has hit a fresh 15-year high against the US dollar today after Prime Minister, Naoto Kan, won a ruling party leadership vote, defeating Ichiro Ozawa. The currency has been rising against the dollar over recent weeks but a stronger yen has meant demand for exports has weakened - fuelling concerns for the recovery in the world’s second ...




August 16, 2010

Japanese recovery loses momentum as Q2 growth slows

by Kay Murchie
Japanese recovery loses momentum as Q2 growth slows
Official figures have today revealed Japanese economic growth slowed in the April to June period, as widely expected. The economy expanded by just 0.1% in the three month period - far less than expected by analysts. Meanwhile, on an annual basis, the economy grew by 0.4% in the quarter, down from a revised 4.4% in the previous three months and again ...




July 21, 2010

Bank voted 7-1 to hold rates in July

by Kay Murchie
’Bank
Minutes of the Bank of England’s July meeting have been released today and have revealed that the Monetary Policy Committee (MPC) voted 7-1 earlier this month to keep interest rates at the historic low of 0.5% – where they have been since March 2009. Again, the usual nine-strong committee comprised of only eight members as Kate Barker’s term ...




July 6, 2010

BCC: Slow services sector activity could hamper growth

by Kay Murchie
”BCC:
A survey by the British Chambers of Commerce (BCC) has revealed the UK economy is likely to have grown in the second quarter but serious concerns remain. The lobby group, which surveyed 5,600 businesses across the country, is forecasting growth of between 0.6% and 0.7% for the three months to the end of June. However, the UK’s key service sector presents ...




June 29, 2010

US consumer confidence takes a dive in June

by Kay Murchie
’US
US consumer confidence took a dive in June after rising for three consecutive months. The closely-monitored Consumer Confidence Index from the Conference Board plummeted to 52.9 in June, down from a revised 62.7 in May. June’s figure was short of analysts forecasts of 62 and remains far away from the 90 points required to show that the world’s largest ...




European shares down on banking concerns

by Kay Murchie
European shares down on banking concerns
There are fresh concerns over the European banking sector after banks are scheduled to repay €442 billion (£362 billion) worth of loans to the European Central Bank (ECB) later this week. Shares in Europe hit a three-week closing low today as a result. Furthermore, shares were hit by a sharp fall in US consumer confidence and a fall in Japanese industrial ...




June 14, 2010

India’s inflation rate surges above 10% mark

by Kay Murchie
...




June 9, 2010

BoE expected to keep interest rates on hold despite inflation concerns

by Kay Murchie
’BoE
The Bank of England’s Monetary Policy Committee (MPC) is tomorrow expected to keep UK interest rates on hold at the historically low level of 0.5% for the 16th consecutive month. Furthermore, all nine members of the MPC are expected to keep the quantitative easing programme (QE) on hold. QE, also known as printing money, is a ...




May 20, 2010

Retail sales up in April

by Kay Murchie
’Retail
The Office for National Statistics (ONS) has today revealed a slight rise in retail sales for the month of April - boosted by stronger clothing and department store sales. According to the ONS, sales volumes including fuel grew 0.3% in April - slightly beating analysts' forecasts of a 0.2% rise and follows a revised increase of 0.5% in March. On an annual basis, ...




May 14, 2010

Stocks and currency hit over euro zone austerity measures

by Kay Murchie
Stocks and currency hit over euro zone austerity measures
Shares have fallen across Britain, Europe and the US today after concerns about austerity measures in Greece, Portugal and Spain have re-surfaced. The euro also fell against the US dollar to $1.25 - the first time since March last year. The euro has already shed 12% this year against the dollar and is set to come under pressure ...




April 7, 2010

Double-dip recession avoided in first quarter

by Kay Murchie
”Double-dip
Leading business group, the British Chambers of Commerce (BCC), has today said it has concerns for the UK economy but the recovery is "still on course". The BCC’s survey of more than 5,500 businesses showed that manufacturing sales were struggling, while new orders remained in decline. However, the business group said growth within the key services sector helped GDP to grow in the ...




March 29, 2010

CBI report sees optimism in UK financial services

by Kay Murchie
”CBI
A report by the Confederation of British Industry (CBI), has revealed a degree of optimism for the UK financial services sector, which is expected to record higher growth in the next three months, after stagnating in the last quarter. According to the business group, an improvement will be seen in the next three months after business volumes, which fell for ...




March 24, 2010

Fitch Ratings downgrades Portugal’s sovereign debt

by Kay Murchie
...




March 22, 2010

BoE’s Andrew Sentance warns of double dip risk

by Kay Murchie
”BoE’s
The Bank of England's Monetary Policy Committee member, Andrew Sentance, has acknowledged that there is some risk of a double dip recession. Mr Sentance said: "You have to recognise there is some risk of a double dip, but that's not the central forecast." His comments come just a week after fellow policymaker, Kate Barker, said the UK is unlikely to return ...




March 17, 2010

Bank voted 9-0 to hold rates and QE programme

by Kay Murchie
’Bank
Minutes of the Bank of England’s March meeting have been released today and have revealed that the Monetary Policy Committee (MPC) voted unanimously earlier this month to keep interest rates at the historic low of 0.5%. Furthermore, all nine members of the MPC opted to keep the quantitative easing (QE) on hold. QE, also known as printing money, ...




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