PragueConnect.cz - Economy

PragueConnect.cz is providing resources for English speaking Business Professionals living in, visiting, or interested in Prague and Czech Republic. Browse our latest Economy articles, if you have interesting content to share with our users, please feel free to contact us anytime to discuss with us possible publication on PragueConnect.cz!

Mithril Asset management - Weekly Bulletin presented by Square Mile Financial Services


Weekly Finance Bulletin 3rd December 2012

Market Roundup:

It was another largely positive week for global stock markets.

Across the global world markets advanced with Europe leading the way after Germany approved Greece’s latest rescue deal, although worries over the US fiscal cliff weighed on investors’ minds.

Germany reportedly approved the latest measures to help reduce Greece’s debt pile. The euro-zone finance ministers agreed earlier this week to cut interest rates on Greece’s bailout loans, defer interest payments and allow the country to buy back around €30 billion in debt.

News from Asia also lifted stock markets, as industrial production in Japan unexpectedly rose 1.8% in October.

Separately, the Japanese government approved the second stimulus package in a little more than a month, as the sluggish economic performance put pressure on the current party to boost economic growth ahead of elections later this month.

Stateside, we still have gridlock on the US approach to the fiscal cliff, despite all the right noises from the politicians. At this stage we have no real progress on the matter and Wall Street will continue to mould itself around the fiscal cliff until the end of the year.

Chicago PMI faintly accelerated in November, rising to 50.4 from 49.9 in October. Production and employment accelerated, but new orders slumped 5.3 points to 45.3. Consumer data showed an unexpected weakening of 0.2% since October which caused the dollar to fall slightly.



Full report please download here

Download section

 
 
 
 
Sign up for Prague’s hottest newsletters to stay up to date and know what’s going on in town! Prague Daily Monitor: Prague’s # 1 source for Czech news in English… delivered straight to your inbox daily. Sign up for free nowPrague.TV – Living Like a Local: 2x a week, our newsletter keeps you up to date with the HOTTEST and BEST news for Prague's Expats and English Language community. Exclusive price draws & Special partner offers for registered members. Sign up for free now!

 

Exchange rates