Europe: German domestic demand for factory equipment seen rising German engineering output is likely to grow at a steady 3 percent next year as domestic manufacturers begin to reinvest in equipment, compensating for slower export growth to China, industry association VDMA said on Tuesday. Engineering is still the backbone of Germany’s economy - which is

U.S.: Strong U.S. job growth in November bolsters economy's outlook U.S. job growth increased at a strong clip in November, painting a portrait of a healthy economy that analysts say does not require the kind of fiscal stimulus that President Donald Trump is proposing, even though wage gains remain moderate. Nonfarm payrolls rose by 228,000

Europe: May's Got Her Brexit Breakthrough, Yet Problems Loom Ahead The U.K. and the European Union struck a deal to unlock divorce negotiations, opening the way for talks on what businesses are keenest to nail down -- the nature of the post-Brexit future. The deal, made before dawn on Friday after rushed talks through the

Europe: Germany's two-year bond yield falls to three-month low Germany’s two-year government bond yield fell to a three-month low on Thursday, as global political uncertainty and anticipation of increased buying by the European Central Bank before the end of the year continued to boost appetite for debt from Europe’s biggest economy. U.S. Treasury yields fell

Europe: Rise in German industrial orders bodes well for coming months German industrial orders increased unexpectedly in October thanks to domestic and non-euro zone demand, data showed on Wednesday, suggesting this sector of Europe’s biggest economy is likely to gain steam in the coming months. Contracts for ‘Made in Germany’ goods rose for a third

Europe: Euro-Area Growth Heads for Strong Finale in Year of Uncertainty Euro-area economic momentum accelerated to its fastest pace in over six years in November, setting the scene for a buoyant end to a year that saw political wobbling across much of the region. A Purchasing Managers’ Index for manufacturing and services rose to 57.5

U.S.: Fed rate hike expected next week, three hikes expected in 2018: Reuters poll The U.S. Federal Reserve is almost certain to raise interest rates later this month, according to a Reuters poll of economists, a majority of whom now expect three more rate rises next year compared with two when surveyed just weeks ago.

Asia: China cracks down on online micro-lending firms with new rules China’s financial regulators on Friday circulated new rules to local governments targeting a rampantly growing online micro-lending sector, part of a campaign to rein in its rapidly developing financial sector. A top-level multi-ministry body, tasked by the central government to bring risks in the

Europe: Euro, bond yields slip on tepid European inflation data The euro tumbled to an eight-day low and European benchmark bond yields slipped on Thursday after European inflation data printed below forecasts, supporting the European Central Bank’s plan to remove stimulus only gradually. Euro zone inflation rose by less than expected in November, highlighting that