London close: Miners, banks lead the surge

After an impressive start in the morning, the FTSE 100 traded on Tuesday, as the index attempted to play catch-up after missing out on yesterday's rally due to the Bank ...

Higher than expected US home prices

Home prices in the US registered a 0.06% monthly and 4.52% annual contraction in June according to the S&P/Case-Shiller index that includes the twenty largest metropolitan areas in the country. ...

Italy rejigs austerity plan

Italy made sweeping changes to its widely-contested ?45.5bn austerity package on Monday, in a bid to recover some support after its original plan was met with widespread public anger. The initial ...

Consumer Confidence figures in the US

Worldwide data to look out for Consumer Confidence figures in the US are released with the markets expecting a dramatic fall to 52.2 from 59.5 as the struggling US economy begins to hit the consumer, figures ...

Leading indicators point to marked slowdown in Eurozone

The Eurozone's Economic Sentiment Indicator fell 4.7 points to 98.3 in August, according to Eurostat, the Statistical Office of the European Union. There was a marked loss of confidence in services, ...

The ECB ponders modifying its rate stance

Much of the financial press is today commenting on the European Central Bank (ECB) President, Jean Claude Trichet's, testimony before the Committee on Economic and Monetary Affairs of the European ...

Spanish inflation moderates in August

Spain's consumer price index (CPI) for August rose by an annual rate of 2.9%, compared to the 3.1% rise seen in July, marking the fourth consecutive month of slowing inflation. Preliminary ...

British consumer confidence at rock bottom

UK consumer confidence fell for the third month in a row in August, according to new figures. The biggest downward driver was negative sentiment over the the general economic situation over ...

Bank of England: mortgage approvals at 14 month high

The number of mortgages getting the go-ahead reached a 14 month high in July, according to the Bank of England, but unsecured lending was at its lowest level since January. The ...

Sharp slowdown in services sector

Britain's service sector saw volumes fall by the fastest rate since November 2009 in the last quarter, the Confederation of British Industry (CBI) has said. CBI head of fiscal policy Richard ...
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