Market: What's going on? - page 58

To add comments, please log in or register
thenews
28487
thenews  

Eurozone ZEW Index Strengthens To 11-Month High in January


The ZEW indicator of Eurozone economic sentiment strengthened to 23.2 for January from 18.1 the previous month and was the highest reading since December 2015, although it did fall short of market expectations with a consensus forecast of a sharper improvement to 24.1 for the month.

The current conditions index also strengthened to -0.4 for the month from -8.3 previously with an increase in respondents expressing optimism and a decline in the number expecting conditions to deteriorate.

Mirroring the German survey, a majority expect the inflation rate to rise over the next six months, but the proportion did decline slightly from levels seen in December.

There was a small increase in the number expecting interest rates to increase, although over 87% expected no change in rates.

At the individual country level, confidence in the French outlook improved for the month with more respondents expecting an improvement as the numbers expecting conditions to get worse also declined. There was also a small advance in Italy from a very weak base.

The data will maintain expectations of a slow improvement in the Eurozone outlook, although it will also reinforce expectations that any strengthening will be very tentative. The evidence also continues to suggest that the Eurozone recovery will lag Germany in the short term, which will maintain structural concerns.


read more

thenews
28487
thenews  

Wall Street Week Ahead: Optimism among S&P 500 CEOs as Trump takes power


U.S. President Donald Trump's administration is only hours old, but already a small parade of S&P 500 companies' chiefs have voiced optimism that his promised tax cuts, stimulus spending and deregulation will boost corporate profits.

In the days ahead of Friday's inauguration, senior executives from Morgan Stanley (MS.N), Delta Air Lines (DAL.N) and other major U.S. corporations said the Trump White House has already sparked a brighter outlook for business.

"There is certainly more reason to be optimistic as we enter 2017 than there was at the beginning of 2016," Morgan Stanley CEO James Gorman said on Tuesday after his bank said profit doubled in the fourth quarter. He pointed to factors including a surge in consumer confidence after the Nov. 8 election and lower taxes promised by Trump.

Just under way, fourth-quarter earnings reporting season is providing a glimpse of what major large companies expect under Trump, and their take is largely positive so far.

Over a dozen S&P 500 companies reporting results in the last week have signaled optimism about potential tax cuts, infrastructure spending, employee benefit costs and reduced regulation.

With corporate earnings already on the mend after a slump in oil prices and a strong dollar last year, S&P 500 companies are expected on average to grow their earnings by 6.3 percent in the December quarter and 13.6 percent in the March quarter, according to Thomson Reuters I/B/E/S.

Since the November election, the S&P 500 has rallied 6 percent to record highs, in part due to expectations Trump will pass policies that stimulate the economy. Banks have led gains, with investors betting Trump will roll back regulations passed by President Barack Obama following the 2008 financial crisis, which many investors say went too far.

After United Continental Holdings (UAL.N) on Tuesday posted lower December-quarter profits, airline President Scott Kirby told analysts on a call, "It feels like we are on a really good path. It felt to me like there was an inflection point after the election for business demand."


read more

thenews
28487
thenews  

Q3 2016 Eurozone government debt to GDP ratio 90.1% vs 91.5% prior


Q3 2016 Eurozone government debt and deficit data report 23 January 2017

  • Q2 debt to GDP 91.2%
  • EU28 states 83.3% vs 85.9% prior y/y
  • Budget deficit 1.7% vs 1.8% prior y/y
  • Q2 BD 1.5%
  • EU28 states budget def 1.9% vs 2.2% prior y/y

Figures are quarterly but vs the same time last year.

thenews
28487
thenews  

The pound springs into life at the fix


Pound pairs on the move at the fix


Cable 1.2520 from 1.2470

EURGBP 0.8590 from 0.8625 odd

GBPJPY 141.85 from 141.20

bouviersophie79
5
bouviersophie79  

Sad to say up until now, Australia's economy still struggles.According to Treasurer Scott Morrison, these economic dilemmas such as low employment rate and slow paced of economic growth resulted to $36.5 billion loss on their budget last 2016 and will last until 2017. What more hurting, is that as Donald Trump became the 45th US President, it could really wound Australia's economy.

 

I have no credits with this, source: Australia's Economy 

To add comments, please log in or register