ENP Newswire -
Release date- 18022014 - Stocks are set to show a modest rise in early trading ahead of what is set to be a busy data for data, beginning with the release of
City sources predict the
Here in the
In December, prices fell to the government's target of 2% for the first time, which eased pressure on the Bank of
If CPI has indeed remained at 2%, then this will mean there is no pressure for the BoE to up interest rates, and it would show a reduction in the wage growth and inflation gap.
'This allows the consumer driven recovery to continue as people can buy more with their money,' Erlam explained.
'Of course, this is still not sustainable in the long term if spending is being funded by debt, but it should aid the transition to the next stage of the recovery which involves businesses investing more in an improving economy.'
In other macro-economic news, German economic confidence figures will be released. The ZEW institute's economic sentiment index is tipped to fall to 61.5 in February from 61.7 in January.
The same gauge, but for the Eurozone, is forecast to rise to 73.9 from 73.3 last month.
Trading will resme in the US today after closing Monday to mark
Revenue jumps 3.7% at
BHP Billiton has reported a 15% increase in interim underlying operating profits, in terms of earnings before interest and taxes (EBIT), to reach
Student accommodation developer
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