Euro-area manufacturing expanded for a fifth month in November, as Germany continued to drive the 17- nation currency bloc’s gradual recovery from a record-long recession.
Britain probably had its strongest economic growth in more than three years in the third quarter, paving the way for the Bank of England to concede that interest rates may have to rise sooner than it initially forecast.
As Irish bonds extend their rally, the gains for investors may be disguising a different story.
U.K. inflation probably slowed in September, pushing its average for the third quarter below the level forecast by the Bank of England.
David Frankish works 140 miles (225 kilometers) north of the U.K.’s financial district, running a chilled-food transportation firm with 2,000 employees and seven depots.
Francisco Justicia Carrasco has been sending off 50 resumes every Monday for more than three years. He doesn’t expect a job for a long time to come yet.
Swiss National Bank President President Thomas Jordan is unlikely to make good on his threat of negative interest rates for now so as not to fuel the booming housing market, economists said.
Investors face a 50 percent chance of sharing in losses in Irish government debt, Citigroup Inc. economist Michael Saunders said.
Bank of England policy makers will today consider restarting asset purchases and a range of other measures as they redouble efforts to revive Britain’s economy.
European central bankers broke new ground to protect their economies from a U.S.-led surge in bond yields, indicating they will keep benchmark interest rates low for longer than investors bet.
"This strong reading fits in with other surveys which suggest that the U.K. economy is booming."
- Michael Saunders on Nov 21, 2013