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Ifo institute raises German growth forecasts due to new government plans
By Maria Martinez BERLIN, June 12 (Reuters) - The Ifo institute on Thursday raised its forecasts for the German economy for this year and next, expecting new government measures and a spending surge to boost the anaemic economy. The economic institute said it expects 0.3% growth this year, up fro...
Reuters
Thu, Jun 12
ECB's Simkus: The ECB has arrived at neutral level of rates
European Central Bank (ECB) Governing Council member Gediminas Šimkus said on Thursday that “the ECB has arrived at neutral level of rates.”
EUR/USD
Fxstreet
Thu, Jun 12
ECB’s Villeroy: No fixed position on future rate decisions
European Central Bank (ECB) policymaker Francois Villeroy de Galhau said on Thursday that there is no fixed position on future rate decisions.”
EUR/USD
Fxstreet
Thu, Jun 12
UK gilt yields drop to one-month low after weak GDP data
LONDON, June 12 (Reuters) - British government bond yields briefly dipped to their lowest level in just over a month on Thursday after the release of weaker-than-expected gross domestic product data for April.Ten-year gilt yields GB10YT=RR fell to 4.507% at 0705 GMT, down more than 4 basis points on...
Reuters
Thu, Jun 12
Euro zone bond yields dip, traders eye Middle East tensions
LONDON, June 12 (Reuters) - Euro zone bond yields dropped on Thursday as traders weighed the impact of the previous day's soft U.S. inflation data and potential safe haven flows on rising tensions in the Middle East.Germany's 10-year bond yield, the benchmark for the euro zone, dropped 4 bas...
Reuters
Thu, Jun 12
ECB's Villeroy says France can limit budget deficit to 5.4%
PARIS, June 12 (Reuters) - France's budget deficit will be 5.4% in 2025, in line with the Bank of France's target, even though the Bank has lowered the growth outlook for this year and the two following years, its head told franceinfo on Thursday.Governor François Villeroy de Galhau is also ...
Reuters
Thu, Jun 12
Forex Today: US Dollar stays offered as focus shifts to PPI inflation data
Here is what you need to know on Thursday, June 12:
Fxstreet
Thu, Jun 12
China’s Foreign Minister says government will always honour its commitments
Chinese Foreign Minister Wang Yi said on Thursday that the government will always honour its commitments, adding that he hopes the US can work with China to implement what was agreed between the two presidents.
Fxstreet
Thu, Jun 12
Poland - Factors to Watch June 12
WARSAW, June 12 (Reuters) - The following are significant news stories, press reports and events on Thursday. ALL TIMES GMT (Poland: GMT + 2 hours):VOTE OF CONFIDENCEPoland's pro-European coalition government won a vote of confidence on Wednesday, an outcome that Prime Minister Donald Tusk hopes...
Reuters
Thu, Jun 12
United Kingdom Total Trade Balance dipped from previous £-3.696B to £-7.026B in April
United Kingdom Total Trade Balance dipped from previous £-3.696B to £-7.026B in April
Fxstreet
Thu, Jun 12
United Kingdom Index of Services (3M/3M) below expectations (0.7%) in April: Actual (0.6%)
United Kingdom Index of Services (3M/3M) below expectations (0.7%) in April: Actual (0.6%)
Fxstreet
Thu, Jun 12
UK GDP falls 0.3% MoM in April vs. -0.1% expected
The UK economy contracted in April, with the Gross Domestic Product (GDP) declining 0.3%, having increased by 0.2% in March, the latest data published by the Office for National Statistics (ONS) showed on Thursday.
GBP/USD
Fxstreet
Thu, Jun 12
United Kingdom Goods Trade Balance registered at £-23.206B, below expectations (£-20.5B) in April
United Kingdom Goods Trade Balance registered at £-23.206B, below expectations (£-20.5B) in April
Fxstreet
Thu, Jun 12
United Kingdom Industrial Production (MoM) registered at -0.6%, below expectations (-0.5%) in April
United Kingdom Industrial Production (MoM) registered at -0.6%, below expectations (-0.5%) in April
GBP/USD
Fxstreet
Thu, Jun 12
United Kingdom Industrial Production (YoY) below forecasts (-0.2%) in April: Actual (-0.3%)
United Kingdom Industrial Production (YoY) below forecasts (-0.2%) in April: Actual (-0.3%)
GBP/USD
Fxstreet
Thu, Jun 12
United Kingdom Trade Balance; non-EU dipped from previous £-6.834B to £-8.649B in April
United Kingdom Trade Balance; non-EU dipped from previous £-6.834B to £-8.649B in April
Fxstreet
Thu, Jun 12
United Kingdom Manufacturing Production (YoY) in line with forecasts (0.4%) in April
United Kingdom Manufacturing Production (YoY) in line with forecasts (0.4%) in April
Fxstreet
Thu, Jun 12
United Kingdom Goods Trade Balance came in at £-23.21B below forecasts (£-20.5B) in April
United Kingdom Goods Trade Balance came in at £-23.21B below forecasts (£-20.5B) in April
Fxstreet
Thu, Jun 12
United Kingdom Gross Domestic Product (MoM) came in at -0.3%, below expectations (-0.1%) in April
United Kingdom Gross Domestic Product (MoM) came in at -0.3%, below expectations (-0.1%) in April
Fxstreet
Thu, Jun 12
United Kingdom Manufacturing Production (MoM) came in at -0.9%, below expectations (-0.8%) in April
United Kingdom Manufacturing Production (MoM) came in at -0.9%, below expectations (-0.8%) in April
Fxstreet
Thu, Jun 12
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