The IFO business climate indicator for German remained steady in December at 104.7. Market expected the indicator to scale up to 108.7 over the reference period. The Business climate in the manufacturing sector increased…
The IFO business climate indicator for German remained steady in December at 104.7. Market expected the indicator to scale up to 108.7 over the reference period.
The Business climate in the manufacturing sector increased marginally in December to 12.3 against 12.1 in previous month. This upward trend in manufacturing sector business climate indicates a slight increase in manufacturing PMI. The Business climate in the service sector also followed similar trend to manufacturing sector, the sector increased to 33.7 in December from 33.6 last month. These sectors indicate the GDP growth rate of the economy will improve marginally next quarter.
"We expect real GDP to continue expanding at the same pace as in the previous quarter in support of our overall forecast of 1.5% for 2015", states Barclays.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
