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UK Analysis: Q4 Current Account Deficit Highest Since Q2 09

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LONDON (MktNews) - The UK's current account deficit in the fourth quarter rose to its highest level since Q2 2009, as the trade in goods deficit hit a record high, data released Tuesday by National Statistics showed. The Q4 current ...

UK Analysis: GDP Growth Revised Slightly Higher In Q4

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--Q4 GDP revised up to -0.5% q/q; +1.5% y/y --Q4 GDP above median forecast of -0.6% q/q; +1.5% y/y --Q4 household spending -0.3% q/q; +0.2% y/y LONDON (MNI) - UK economic growth was revised up a little in the final quarter of last year, with service sector output ...

BOE: Feb Mortgage Approvals Up; BOE’s Key M4 Measure Rises

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--BOE: Feb M4 Ex-Intermediate OFCS 0.5% 1Q ann; 1.9% 4Q Ann --BOE: UK Feb House Purchase Approvals 46,967 VS 46,152 In Jan --UK Feb Net Mortgage Lending Stg1.245bln VS Stg1.891bln Jan --UK Feb Net Consumer Credit Stg768mln VS -Stg303mln Jan --BOE Final Feb M4 ...

UK DATA: Q4 GDP revised up to -0.5% q/q; +1.5% y/y…

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UK DATA: Q4 GDP revised up to -0.5% q/q; +1.5% y/y --Q4 GDP above median forecast of -0.6% q/q; +1.5% y/y --Q4 household spending -0.3% q/q; +0.2% y/y ------------------------------------------------------------------------ GDP was revised up a little in Q4 on the quarter but still showed a fall of 0.5% q/q against the earlier estimate of a ...

UK DATA: Q4 Current account balance -Stg10.488bn vs..

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UK DATA: Q4 Current account balance -Stg10.488bn vs -Stg8.663bn in Q3 ------------------------------------------------------------------------ The current account deficit widened in Q4 to Stg10.5bn, broadly in line with the median for a Stg10.3bn shortfall. There was a significant rise in the transfers deficit to Stg6.1bn from Stg4.9bn with higher payments to EU institutions. The goods ...

UK Q4 GDP (final revision) -0.5% q/q, +1.5% y/y

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Well we got an upward revision. Big deal. We've gone from -0.6% q/q to -0.5% q/q. The +1.5% y/y is unrevised. ONS says December snow reduced Q4 GDP by around 0.5%. Growth flat without bad weather. Yipeeeeee. Q4 current account -10.488 bn, as expected. February mortgage approvals 46,967 vs 46,152 in January. Highest ...

ITALY DATA: March sa mfg morale 103.8 vs February -..

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ITALY DATA: March sa mfg morale 103.8 vs February 103.1 (103.0) - ISTAT --Mfg morale best since February 2008 (104.6) --March sa manufacturing orders current level -18 vs February -18 --March sa export orders current level -19; February -12 --March sa current inventory levels 0 vs February 0 --March sa manufacturing output 3-month outlook +16 ...

Mumblings re UK Q4 GDP revision

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It would be remiss of me not to report that there are mumblings in the market that UK GDP Q4 revision could show some improvement. Best to label them mumblings, cos there doesn't seem to be a number attached. All pretty vague I'm afraid, but hey ho. Make of it what ...

Month end stuff

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Here's a post Sean put up earlier regarding month-end flows.

Germany: Hesse March CPI +0.4% M/M; Brandenburg +0.5% M/M

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Hesse CPI March: +0.4% m/m, +1.8% y/y February: +0.6% m/m, +1.8% y/y --- Brandenburg CPI March: +0.5% m/m, +2.0% y/y February: +0.6% m/m, +1.8% y/y --- Pan-German CPI MNI median forecast: +0.4% m/m, +2.1% y/y MNI forecast range: +0.2% to +0.7% m/m February: +0.5% m/m, +2.1% y/y --- BERLIN (MNI) - Consumer ...

Italy March business confidence rises to 103.8

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Up from revised 103.1 (previous 103) in February. Better than median forecast of 102.6. Oh those confident Italians!!

China banking regulator: Risks that could lead to property bubble still accumulating

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Sovereign debt crisis in Europe still spreading Policy easing in US, Europe fanning asset bubbles in emerging markets Will step up controls on property loans to cool speculation Will "strictly control" loans to local government financing vehicles

Germany Confirms To Tap 1.5% Mar 2013 Schatz For E5 Bln Apr 6

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FRANKFURT (MNI) - The German federal government will auction about E5 billion in a top-up of its 1.5%-coupon March 2013 two-year notes (Schatzanweisungen) on April 6, the Bundesbank confirmed Tuesday. The formal tender offer will be made on Tuesday, April ...

Bank of France’s Noyer: French banks, insurers have good level of profitability, solvency

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Well bully for them :) Banks must keep boosting their equity ratios French banks must have reasonable dividend policies Strong rise in French real estate prices, especially residential, is cause for vigilance Does not expect any particular problems with how stress tests to be carried out

EUR/USD extends rally……a little

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Macro funds have been notable buyers of EUR/USD in recent trade. We've been upto 1.4144, presently at 1.4138. This morning's ascent has been a ragid affair and any further gains look likely to be a grind rather than a sprint. I say this cos I've various reports from sources: 1) Sell orders ...

Cable refusing to budge

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Well that should ensure it does something. Sits at 1.6016, to the pip where it was 3 hours ago. Some data due today: 08:30 GMT: Q4 GDP (final revision, hooooray) expected -0.6% q/q, +1.5% y/y 08:30 GMT: Current account expected -10.4 bn 08:30 GMT: M4 money supply for February expected +0.7% m/m 08:30 GMT: Mortgage approvals for February ...

Germany:Saxony March CPI +0.5% M/M,Above Pan-German Forecast

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Saxony CPI March: +0.5% m/m, +2.0% y/y February: +0.5% m/m, +2.2% y/y --- Pan-German CPI MNI median forecast: +0.4% m/m, +2.1% y/y MNI forecast range: +0.2% to +0.7% m/m February: +0.5% m/m, +2.1% y/y --- BERLIN (MNI)- Consumer prices in the eastern German state of Saxony rose 0.5% in ...