EUROPE NEWS NOVEMBER 16, 2011, 3:21 P.M. ET
Youth Hit as U.K. Jobless Rate Rises
Bank of England lowers its growth forecasts
By ILONA BILLINGTON and ALEX BRITTAIN
LONDON—U.K. unemployment rose again in October, while the number of young people without a job topped one million at the end of September, data showed Wednesday, increasing political pressure on Prime Minister David Cameron to come up with a solution to an issue that has plagued consecutive governments.
Wednesday, November 16, 2011
USA Today: Homebuilders feel less pessimistic in November
Homebuilders feel less pessimistic in November
By Derek Kravitz, Associated Press 2011.11.16 10:49 AM
WASHINGTON – Homebuilders are feeling a little less pessimistic about the struggling housing market. But their mood hasn't changed enough to signal a recovery anytime soon.
By Derek Kravitz, Associated Press 2011.11.16 10:49 AM
WASHINGTON – Homebuilders are feeling a little less pessimistic about the struggling housing market. But their mood hasn't changed enough to signal a recovery anytime soon.
Tuesday, November 15, 2011
CNNMoney: Will FHA be the next big government bailout?
Will FHA be the next big government bailout?
By Tami Luhby @CNNMoney November 15, 2011: 8:14 PM ET
NEW YORK (CNNMoney) -- Continued trouble in the housing market has further eroded the Federal Housing Administration's reserves, leaving it with a very thin cushion to protect it against future financial losses.
By Tami Luhby @CNNMoney November 15, 2011: 8:14 PM ET
NEW YORK (CNNMoney) -- Continued trouble in the housing market has further eroded the Federal Housing Administration's reserves, leaving it with a very thin cushion to protect it against future financial losses.
Reuters: France draws fire after "alarm bells" warning
France draws fire after "alarm bells" warning
By Daniel Flynn and James Mackenzie
PARIS/ROME | Tue Nov 15, 2011 6:52pm EST
(Reuters) - France came under heavy fire on global markets Tuesday, reflecting fears that the euro zone's second biggest economy is being sucked into a spiraling debt crisis.
By Daniel Flynn and James Mackenzie
PARIS/ROME | Tue Nov 15, 2011 6:52pm EST
(Reuters) - France came under heavy fire on global markets Tuesday, reflecting fears that the euro zone's second biggest economy is being sucked into a spiraling debt crisis.
Bloomberg: Electronics Boost U.S. Retail Sales
Electronics Boost U.S. Retail Sales
By Shobhana Chandra - 2011.11.15 02:31 PM
Retail sales rose more than projected in October as American shoppers gave the economy a boost at the start of the fourth quarter.
By Shobhana Chandra - 2011.11.15 02:31 PM
Retail sales rose more than projected in October as American shoppers gave the economy a boost at the start of the fourth quarter.
Bloomberg: German Investor Confidence at Three-Year Low
German Investor Confidence at Three-Year Low
By Gabi Thesing - 2011.11.15 02:16 AM
German investor confidence fell to a three-year low in November on concern the sovereign debt crisis will push Europe’s largest economy into recession.
By Gabi Thesing - 2011.11.15 02:16 AM
German investor confidence fell to a three-year low in November on concern the sovereign debt crisis will push Europe’s largest economy into recession.
Bloomberg: German, French GDP Grew in Q3 on Spending
German, French GDP Grew in Q3 on Spending
By Jana Randow and Mark Deen - 2011.11.15 01:15 AM
German and French economic growth rebounded in the third quarter on stronger consumer spending, even as the region braces for a recession sparked by an escalating sovereign debt crisis.
By Jana Randow and Mark Deen - 2011.11.15 01:15 AM
German and French economic growth rebounded in the third quarter on stronger consumer spending, even as the region braces for a recession sparked by an escalating sovereign debt crisis.
Monday, November 14, 2011
Bloomberg: Fed Economists: 2012 Recession Odds Top 50%
Fed Economists: 2012 Recession Odds Top 50%
By Vivien Lou Chen - 2011.11.14 11:00 AM
The odds of a U.S. recession in early 2012 exceed 50 percent as a result of Europe’s debt crisis, according to researchers at the Federal Reserve Bank of San Francisco.
By Vivien Lou Chen - 2011.11.14 11:00 AM
The odds of a U.S. recession in early 2012 exceed 50 percent as a result of Europe’s debt crisis, according to researchers at the Federal Reserve Bank of San Francisco.
BNP: Brazil: Consensus revised down interest rates scenario
Brazil: Consensus revised down interest rates scenario.
2011.11.14 08:23 AM
Consensus scenario incorporated more rate cuts. The central bank's weekly survey presented small changes on the inflation front, remaining at current high levels. For growth, the market consensus revised down just its 2011 forecast, but kept stuck the 2012. For monetary policy, consensus extended its easing cycle by 50bp and now foresees a full easing cycle of 250bp.
2011.11.14 08:23 AM
Consensus scenario incorporated more rate cuts. The central bank's weekly survey presented small changes on the inflation front, remaining at current high levels. For growth, the market consensus revised down just its 2011 forecast, but kept stuck the 2012. For monetary policy, consensus extended its easing cycle by 50bp and now foresees a full easing cycle of 250bp.
Sunday, November 13, 2011
CNNMoney: Hey Europe. Breaking up is a foolish risk
Europe's Debt Crisis
Hey Europe. Breaking up is a foolish risk
By Douglas J. Elliott @CNNMoney November 13, 2011: 5:03 PM ET
Douglas J. Elliott, who worked as an investment banker for two decades, is a fellow at the Brookings Institution.
Should Greece or other nations be allowed to leave the eurozone, or even be forced out? Those questions were considered heresy among European leaders until mere days ago.
Hey Europe. Breaking up is a foolish risk
By Douglas J. Elliott @CNNMoney November 13, 2011: 5:03 PM ET
Douglas J. Elliott, who worked as an investment banker for two decades, is a fellow at the Brookings Institution.
Should Greece or other nations be allowed to leave the eurozone, or even be forced out? Those questions were considered heresy among European leaders until mere days ago.
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