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Economic News


Brown struggles to hit his own targets
25 Mar 2007 source: thisismoney.co.uk

Dan Atkinson & Simon Watkins, Financial Mail25 March 2007 Gordon Brown has one of the worst records in Whitehall for hitting his own efficiency targets, it emerged in last week's Budget. WANT TO KNOW MORE? BUDGET 2007: All the news and analysis DATA: The UK economy BUDGET 2007: The big losers revealed OTHER STORIES How I ripped off TV quiz viewers BA ready for Spanish raid  ...


European govt bonds slump after strong US data
23 Mar 2007 source: iii.co.uk

LONDON (AFX) - European government bonds slumped lower after the much awaited US housing data came in on the strong side. US existing home sales recorded their biggest rise in nearly three years in February, indicating that the country is not about to slide headlong into a recession. European debt had held up well until the US data but selling soon ensued and was heavier among shorter dated issu ...


Forex - Dollar firmer after surprisingly strong US homes data ...
23 Mar 2007 source: iii.co.uk

LONDON (AFX) - The dollar strengthened somewhat after US homes data surprised markets on the upside. Existing home sales were up 3.9 pct to reach 6.69 mln units in February. The rise was the biggest since March 2004, while markets had been predicting a fall to 6.30 mln units. House prices fell, by 1.3 pct on month, the seventh decline in a row. "One thing is clear that was not early this we ...


Gold dips as dollar edges up after surprise rise in US home sales in Feb ...
23 Mar 2007 source: iii.co.uk

LONDON (AFX) - Gold fell as the dollar edged slightly higher after the release of better than expected homes sales data in the US. Existing home sales in the US rose an annual 3.9 pct in in February, recording their largest gain in nearly three years even as house prices fell for the seventh month in a row. "The better-than-expected US housing data has suggested that the US economy continue ...


US house sales jump as prices dip
23 Mar 2007 source: bbc.co.uk

US existing home sales rose at their fastest rate since March 2004 last month, despite fears of a slowdown in the property market. Sales of existing homes rose 3.9% in February driven by a surge in activity in the North East, the National Association of Realtors (NAR) said. However, the median price of a property dropped 1.3% to $212,800 (£159,676) compared with the same time last year. Experts said falling prices were luring buyers back into the market. The housing market has slowed as ...


Forex - Dollar stable ahead of housing data
23 Mar 2007 source: iii.co.uk

LONDON (AFX) - The dollar was stable against other major currencies ahead of key US housing data later this afternoon. Analysts said the dollar's stability, having recovered after Wednesday's Federal Reserve rate-setting meeting, suggests a reconsideration of the implications of the FOMC's statement. It was originally seen as fairly dovish, but there are now suggestions the Fed is more concerned  ...


European govt bonds lower as market awaits direction from US housing data ...
23 Mar 2007 source: iii.co.uk

LONDON (AFX) - European government bonds were slightly lower, little affected by a fall in French consumption of manufactured goods, with the focus on key US housing data later today. French household consumption of manufactured goods fell 0.4 pct month-on-month in February, in line with market expectations, but this follows several months of strong increases. Analysts said underlying French cons ...


Budget 2007: The big losers revealed
23 Mar 2007 source: thisismoney.co.uk

Daily Mail23 March 2007 Tens of thousands of low-paid workers and pensioners will be worse off next April when the 10p tax rate is abolished. LOSERS: Low-paid call centre staff will see less of their earnings as a result of Budget changes WANT TO KNOW MORE? Grant Thornton's Budget tax calculator POLL: Do you think you will be better off as a result of Gordon Brown's last Budget as Chancellor? OTHER STORIES Budget 2007: The complete tax tables Budget 2007: Tax and f ...


Forex - US dollar mixed in Sydney afternoon trade ahead of US housing data ...
23 Mar 2007 source: iii.co.uk

SYDNEY (XFN-ASIA) - The dollar was softer against the yen here but up against the euro as traders await tonight's US existing homes sales data for the month of February, dealers said. They said the data is likely to dictate sentiment over the weekend and into Monday when new home sales data for last month are released, providing a further overview of the US housing market given the recent upheava ...


Oil prices move closer to 62 usd in Asian trade
23 Mar 2007 source: iii.co.uk

SINGAPORE (XFN-ASIA) - Oil prices climbed closer to 62 usd in Asian trade on concerns over tighter US gasoline stocks ahead of the US summer driving season, dealers said. They said comments from the US Federal Reserve after its interest rate meeting this week were being taken to point to continued strength in the US economy and this had also provided support, they added. At 11.41 am (0341 GMT),  ...


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