Week Ahead: Banks, insurers, properties, base rates

The end-quarter results season is fully in its stride, with trading updates expected from the high street banks, as well as reports from insurers and miners. On top of that, ...

UK house prices unexpectedly rose in July

UK house prices rose 0.2% on month (-0.4% on year) in July, to £168.731 (Consensus: -0.2%), according to the latest data out from Nationwide. According to the lender, "stability has been ...

Spanish prime minister Zapatero calls for early elections

Spanish Prime Minister José Luis Rodriguez Zapatero has called for early elections in November, four months ahead of schedule, succumbing to intense political pressure as his Socialist party hopes to ...

US GDP grows by 1.3% in second quarter

The US economy grew at a rate of just 1.3% in the second quarter, according to the advance estimate released by the Commerce Department. The figure came in well below forecasts ...

Ministry of Defence to cut 7,000 civilian jobs

The Ministry of Defence (MoD) is set to axe 7,000 civilian jobs in an attempt to bring its soaring budget under control. A letter signed by the permanent secretary Ursula Brennan, ...

UK mortgage approvals come in ahead of expectations

UK lending to individuals increased by £0.4bn in June, to £1.45tn, or 0.0% on month (0.8% on year), below the 6 month average variation of £1.2bn, although the 12 month ...

Consumer confidence weakens as worries mount

Consumer confidence deteriorated further in July as Brits became more worried about their own finances and the general economic situation. The GfK NOP consumer confidence index fell to -30 from -25 ...

Moodys places Spain´s rating under review

Ratings agency Moody's has today placed Spain's Aa2 government bond ratings on review for possible downgrade, much as it did with Italy on the past 17th of June. The main ...

London open: US worries overshadow cheery updates

Shares have moved higher after some upbeat company statements this morning, but,demonstrating the its exposure to the global economy, the top share index has slumped on the back of worries ...

FX round-up: Dollar rises ahead of US budget vote

The dollar strengthened against the euro on Thursday as focus remained firmly on the impending US budget vote while fresh nerves about Europe's sovereign debt crisis set in. The dollar index, ...
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