Mena News

 

  Spain’s inflation rises at faster rate
Jul , 15 , 2013  
  Spain’s inflation rose in June, with the Harmonized Index of Consumer Prices gaining 2.2%YoY, faster than the 1.8%YoY rise recorded in May.
 

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  Italy’s inflation rises in June
Jul , 15 , 2013  
  Italy’s inflation rose in June, with the EU Harmonized Index of Consumer Prices advancing 1.4%YoY following a rise of 1.3%YoY in May. The rise was in line with initial estimates.
 

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  UK’s leading index trends upward
Jul , 15 , 2013  
  The UK Conference Board Leading Index rose 0.4%MoM to 105 in May after rising 0.2%MoM in April. Meanwhile, the Coincident Economic Index gained 0.2%MoM to 104 in May.
 

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  UK’s construction sector continues to deteriorate
Jul , 15 , 2013  
  UK’s construction sector deteriorated further in May, with sector output falling 4.8%YoY, much faster than the 2.3%YoY fall recorded the previous month. This also marked the 17th consecutive month of decline in the sector’s output.
 

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  Wholesale prices rise in Germany
Jul , 15 , 2013  
  Wholesale prices in Germany rose in June, with the wholesale price index rising 0.7%YoY, reversing the 0.4%YoY fall seen in May. The market was expecting wholesale prices to rise 1%YoY. The rise was primarily driven by a 14.7%YoY rise in food products.
 

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  Eurozone industrial production declines
Jul , 15 , 2013  
  Industrial production in the Eurozone fell 0.3%MoM in May, the first fall in four months. The drop in output was in line with forecasts. The decline can be ascribed to a 1.5%MoM fall in capital goods output and 2.3%MoM drop in durable consumer goods.
 

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  US producer prices rise more than expected
Jul , 15 , 2013  
  Producer prices in the US rose 0.8% in June, after rising 0.5% in May. The rise in prices beat the market’s estimate of 0.5%. Prices increased due to a 2.9% rise in energy prices during the month.
 

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  US consumer sentiment declines in July
Jul , 15 , 2013  
  Consumer sentiment in the US deteriorated in July, with the consumer price index falling to 83.9 from 84.1 in June. The market was expecting the reading to remain unchanged.
 

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  Kuwait sends oil worth USD200mn to Egypt
Jul , 15 , 2013  
  Kuwait has sent two oil tankers carrying crude and diesel worth USD200mn to Egypt.
 

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  Fitch affirms Kuwait’s rating
Jul , 15 , 2013  
  Fitch has affirmed Kuwait’s long-term foreign and local currency Issuer Default Ratings (IDR) at ‘AA’, with a stable outlook. Short-term foreign currency IDR was affirmed at ‘F1+’ and country ceiling at ‘AA+.
 

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