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Apr 17, 2014

Britain’s economy maintaining momentum as BoE holds steady – Reuters poll

LONDON (Reuters) – Britain’s economy kept up its strong rate of growth at the start of 2014 and is expected to slow only marginally as the Bank of England leaves its main interest rate at rock bottom for another year, a Reuters poll found.

The poll of 50 economists, taken in the past week, suggested Britain’s gross domestic product expanded 0.7 percent in the first three months of 2014, matching the previous quarter and making it one of the fastest-growing major countries.

Apr 16, 2014

Economy maintaining momentum as BoE holds steady – Reuters poll

LONDON (Reuters) – Britain’s economy kept up its strong rate of growth at the start of 2014 and is expected to slow only marginally as the Bank of England leaves its main interest rate at rock bottom for another year, a Reuters poll found.

The poll of 50 economists, taken in the past week, suggested Britain’s gross domestic product expanded 0.7 percent in the first three months of 2014, matching the previous quarter and making it one of the fastest-growing major countries.

Apr 10, 2014

Around one-in-three chance ECB to buy bonds outright: Reuters poll

LONDON (Reuters) – There is slightly less than a one-in-three chance the European Central Bank will start buying bonds outright as it struggles to lift dangerously low inflation and support a lackluster economic recovery, a Reuters poll found.

The poll of 59 economists, taken this week, gave a median 30 percent chance the ECB would start a quantitative easing program, about half a decade after the U.S. Federal Reserve and the Bank of England launched the same kind of stimulus.

Apr 3, 2014

Price cuts aid first quarter growth for euro zone businesses

LONDON, April 3 (Reuters) – Euro zone businesses started
2014 with their best quarter in three years, but buoyant growth
came at a cost as they slashed prices to drum up trade, which
could further stoke deflation fears.

The European Central Bank is not expected to ease policy
when it meets later on Thursday, relying instead on verbal
support to allay fears that falling prices in several euro zone
countries could spread to the whole bloc.

Apr 2, 2014

Euro rally is over, say FX forecasters, as dollar gears up

LONDON (Reuters) – The euro’s recent rally is over as desperately low inflation and tepid economic growth will force the European Central Bank to keep monetary policy loose or possibly drive it to ease even further, according to a Reuters poll of forecasters.

Taken this week, the poll of over 60 foreign exchange strategists predicted a euro would be worth $1.37 in one month, $1.33 in six and just $1.29 in a year. Those forecasts are slightly stronger than in a poll taken a month ago.

Apr 1, 2014

Major economies end first quarter on weaker note

LONDON/BEIJING, April 1 (Reuters) – Major economies in Asia
and Europe finished the first quarter on a weaker note, with key
manufacturing surveys fuelling expectations policymakers may be
forced to act in coming months to prop up faltering growth.

Factories across Europe eased back on the throttle in March
while China’s vast manufacturing industry contracted for the
third month, surveys showed, although a similar poll due later
on Tuesday from the United States is expected to show a pick-up.

Mar 28, 2014

BoE assessment of slack in economy is right but hard to judge – Reuters poll

LONDON (Reuters) – The Bank of England’s assessment of how much slack there is in the British economy is probably correct, most economists polled by Reuters said, but some were unconvinced.

Having abandoned tying monetary policy to unemployment after just six months, the central bank said it would focus on 18 measures of data to gauge the right time to start raising rates, one of which was how much spare capacity the economy had.

Mar 24, 2014

Manufacturing expands in U.S, slows in China; euro zone gears up

LONDON/NEW YORK, March 24 (Reuters) – U.S. manufacturing
growth was solid in the first quarter and a return to expansion
in French business activity this month suggested a recovery was
taking shape in the euro zone, though China’s factory sector
stuttered in the early part of 2014, surveys showed.

The U.S. accelerated at a slower pace in March than the near
four-year high hit in February, Markit’s Flash Manufacturing
Purchasing Managers’ Index showed. Despite the dip to 55.5 in
March from February’s 57.1, the 55.4 average reading for the
three first months was higher than last year’s fourth-quarter
average of 53.8.

Mar 24, 2014

China brakes as euro zone gears up

LONDON (Reuters) – China’s huge manufacturing engine stuttered in the early part of 2014 while a return to growth in French business activity this month suggested a solid, broad-based recovery was taking shape in the euro zone, surveys showed.

Weaker-than-expected readings from China pointed to a contraction in the first three months of the year and will raise market expectations of government stimulus to arrest a loss of momentum in the world’s second-largest economy.

Mar 24, 2014

Euro zone business recovery stays strong as firms slash prices

LONDON (Reuters) – The pace of growth among euro zone private businesses has barely slowed from February’s 2-1/2 year high this month, but firms were forced to slash prices again to maintain the momentum, surveys showed on Monday.

With a solid expansion in both the manufacturing and services industries, and a return to growth in the bloc’s second-biggest economy of France, the recovery appears to be ever more broad-based.