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European government bonds slide after strong US data
30 Mar 2007 source: iii.co.uk

LONDON (AFX) - European government bonds turned lower, influenced by strong US data which served to remind markets that the Fed is right to worry about rising inflationary pressures. US data showed incomes rising 0.6 pct in February after increasing by 1.0 pct in the previous month, while spending rose 0.6 pct following a 0.5 pct rise in January. Meanwhile, inflation as measured by the personal  ...


US consumer confidence slips
30 Mar 2007 source: bbc.co.uk

Rising prices and slowing incomes caused US consumer confidence to drop to its lowest level in six months during March, a survey has found. Jitters about the economy drove the University of Michigan sentiment index down to 88.4 from 91.3 last month. Separate figures showed inflation rose a higher-than-expected 0.3% in February - its biggest rise since August. Annual core inflation rose to 2.4%, significantly higher than the Federal Reserve's preferred 1-2% target. Earlier in the week Fed c ...


Record low for euro jobless rate
30 Mar 2007 source: bbc.co.uk

Unemployment in the eurozone in February was at its lowest rate since records began, official figures show. Data from Eurostat showed that the seasonally adjusted jobless rate among the 13 countries using the euro was 7.3%, down from 7.4% in January. Earlier this week, both Germany and France said that companies expanding had helped to cut unemployment. Eurostat figures also showed annual inflation in the eurozone rose to 1.9% in March, up from 1.8% in February. The European Central Bank is ...


Consumer, construction spending rise
30 Mar 2007 source: iii.co.uk

WASHINGTON (AP) - Consumers spent more in February while construction spending rose by the largest amount in 11 months, the government said Friday, in reports that should dispel some of the concerns about the health of the economy. The Commerce Department reported that consumer spending, bolstered by strong income gains, was up 0.6 percent last month, the best showing since December. Personal inc ...


Brown says US woes will not hit home
30 Mar 2007 source: thisismoney.co.uk

Sam Fleming, Daily Mail30 March 2007 Chancellor gordon Brown has shrugged off the dangers posed by the US slowdown, claiming America is becoming a less important engine of growth for the economy. WANT TO KNOW MORE? TABLES: Data on the UK economy LATEST NEWS: House prices LATEST NEWS: Buy-to-let 30-second guide: world economic outlook OTHER STORIES Boots bid raised to £10bn M ...


Forex - Dollar finds support from forecast-beating US data
30 Mar 2007 source: iii.co.uk

LONDON (AFX) - The dollar continued its slow drift higher, finding support from a set of strong US data including a pick-up in a key measure of inflation and consumer spending, signalling that the Fed is right to remain concerned about inflation. Data just out revealed that consumer spending and personal income both rose twice as fast as expected in February, while a key measure of inflation rose ...


Swedish Riksbank leaves repo rate unchanged at 3.25 pct; sees hikes ahead ...
30 Mar 2007 source: iii.co.uk

STOCKHOLM (AFX) - The Riksbank said it decided to leaves its key governing rate, the repo rate, unchanged at 3.25 pct. The central bank however reiterated that its assessment is that the repo rate needs to be raised by a further 0.25 percentage points over the coming months and that "it will after that, probably be possible to pause before making a further increase". It said the wage b ...


ROUNDUP - Japan Feb data show no urgent need for rate hikes ahead - economists ...
30 Mar 2007 source: iii.co.uk

TOKYO (XFN-ASIA) - The latest data releases show a mixed picture of Japan's corporate and household sectors but economists largely agree that on the whole, there is no urgent need for the central bank to step up its interest rate adjustments going forward. Government data show that household spending is rebounding at a much faster than expected pace amid relatively warm weather conditions while  ...


China 2007 GDP to grow 0 pct, CPI up 2.3 pct - UPDATE
30 Mar 2007 source: iii.co.uk

BEIJING (XFN-ASIA) - Gross domestic product is expected to rise by 10 pct both in the first half of 2007 and over the full year, with the consumer price index seen up 2.3 pct, the research bureau of the People's Bank of China said. In a report published in the official China Securities Journal, the bureau said that the expected slowdown of Chinese economic growth in this year is on the back of fa ...


Xinhua Finance/MNI March China Business Survey shows record results ...
30 Mar 2007 source: iii.co.uk

BEIJING (XFN-ASIA) - Expectations for tighter government policy, including rising interest rates, don't appear to be hurting sentiment at Chinese companies, the results of the March Xinhua Finance/MNI China Business Sentiment Survey suggest. The survey index posted the highest reading in its more-than-two year history for interest rate expectations, but also the highest-ever result for overall bu ...


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