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Economy And The Numbers

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Sweden's central bank unexpectedly cuts its key repo rate and expanded its asset purchase programme on Thursday. The Executive Board of the Riksbank lowered its key rate to -35 percent from -0.25 percent. The bank also extended its government bond purchase programme by a further SEK 45 billion with...

While Greece is geared up for the Sunday referendum, Prime Minister Alexis Tsipras and Finance Minister Yanis Varoufakis are recommending Greeks to vote 'No' to the bailout proposals after the government showed willingness to accept the bailout offer with various conditions. In a release, Tsipras...

New Zealand's commodity prices fell for the third successive month in June largely due to lower aluminum prices, although the rate of decline slowed when compared to the previous month, the results of survey by ANZ showed Thursday. The ANZ commodity price index decreased 3.1 percent month-over-month...

U.K. house prices declined unexpectedly in June, data from the Nationwide Building Society revealed Thursday. House prices dropped 0.2 percent month-on-month in June, confounding expectations for a 0.5 percent rise. This was the first fall in four months and reversed a 0.2 percent rise in May. On...

Japanese companies' inflation expectations remained broadly unchanged in June from the prior quarter, a survey from the Bank of Japan showed Thursday. According to Inflation Outlook of Enterprises, firms expect consumer prices to rise 1.4 percent in the year ahead, the same rate as projected in March. Consumer...

EEP09-011515_02Jul15.jpg Producer prices from Eurozone and Purchasing Managers' survey for the U.K. construction sector are due on Thursday, headlining a light day for the European economic news.

Estonia's industrial production declined further in May after falling for the first time in more than a year in April, Statistics Estonia reported Thursday. Year-on-year, industrial production declined by a working-day adjusted 2.3 percent in May after falling around 0.1 percent in April. The decline...

The Greek crisis worsened after its creditors and eurozone finance ministers stalled further negotiations with the country until the outcome of the Sunday referendum and rejected any bailout extension. In a letter to Greek Prime Minister Alexis Tsipras, Eurogroup President Jeroen Dijsselboem said...

trade.jpg Australia posted a seasonally adjusted merchandise trade deficit of A$2.751 billion in May, the Australian Bureau of Statistics said on Thursday. That missed forecasts for a shortfall of A$2.225 billion following the downwardly revised A$4.136 billion deficit in April (originally a deficit of A$3.888...

Australia had a seasonally adjusted merchandise trade deficit of A$2.751 billion in May, the Australian Bureau of Statistics said on Thursday. That missed forecasts for a shortfall of A$2.225 billion following the downwardly revised A$4.136 billion deficit in April (originally a deficit of A$3.888...

The monetary base in Japan surged 34.2 percent on year in June, the Bank of Japan said on Thursday - coming in at 325.047 trillion yen. That follows the 35.6 percent spike in May. Banknotes in circulation added an annual 4.7 percent, while coins in circulation gained 0.7 percent. Current account...

Bank-of-Korea-040915.jpg South Korea posted a current account surplus of $8.65 billion in May, the Bank of Korea said on Thursday - up from $8.14 billion in April. The goods account surplus narrowed to $9.19 billion, from $12.56 billion in April. The services account deficit narrowed to $0.4 billion, compared to $1.13...

South Korea had a current account surplus of $8.65 billion in May, the Bank of Korea said on Thursday - up from $8.14 billion in April. The goods account surplus narrowed to $9.19 billion, from $12.56 billion in April. The services account deficit narrowed to $0.4 billion, compared to $1.13 billion...

Australia will on Thursday release May trade data, highlighting a modest day for Asia-Pacific economic activity. The trade balance is expected to show a deficit of A$2.225 billion after posting a A$3.888 billion shortfall in April. Japan will provide June numbers for monetary base; in May, the...

GreeceFlag-070115.jpg Confusion refuses to die down in Europe even after crucial deadlines were missed and hapless Greeks stare into an uncertain future for their country, while other Europeans try to preserve the sanctity of the union and the euro.

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