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  • Bloomberg with the headline No further details but I'll keep an eye out more to come

    German Chancellor Merkel said to want to keep Schaeuble as fin min after election

    Bloomberg with the headline No further details but I'll keep an eye out more to come
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  • UK Budget Logs Lowest Deficit For August In 10 Years The UK budget deficit decreased to its lowest August level since 2007 on higher sales tax, official data revealed Thursday. Public sector net borrowing excluding interventions decreased by GBP 1.3 billion from the previous year to GBP 5.7 billion in August, the Office for National Statistics reported. This was the lowest August borrowing since 2007. The deficit was also well below the expected level of GBP 7.1 billion. As a result, the budget deficit for the first five months of the fiscal year fell by GBP 0.2 billion to GBP 28.3 billion. The government forecast budget deficit of GBP 58.3 billion for the year ending March 2018. In August, revenues increased by 3.5 percent year-on-year as VAT advanced 5.6 percent, which was the highest on record for August. Due to timing, self assessed income tax fell 1.2 percent. Meanwhile expenditure dropped 0.1 percent with interest falling 3.8 percent. Even assuming there is a bi..

    UK Budget Logs Lowest Deficit For August In 10 Years

    UK Budget Logs Lowest Deficit For August In 10 Years The UK budget deficit decreased to its lowest August level since 2007 on higher sales tax, official data revealed Thursday. Public sector net borrowing excluding interventions decreased by GBP 1.3 billion from the previous year to GBP 5.7 billion in August, the Office for National Statistics reported. This was the lowest August borrowing since 2007. The deficit was also well below the expected level of GBP 7.1 billion. As a result, the budget deficit for the first five months of the fiscal year fell by GBP 0.2 billion to GBP 28.3 billion. The government forecast budget deficit of GBP 58.3 billion for the year ending March 2018. In August, revenues increased by 3.5 percent year-on-year as VAT advanced 5.6 percent, which was the highest on record for August. Due to timing, self assessed income tax fell 1.2 percent. Meanwhile expenditure dropped 0.1 percent with interest falling 3.8 percent. Even assuming there is a bi..
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  • Germany's economic confidence strengthened for the first time in four months in September as solid economic growth and increased investment lifted financial market experts' optimism. The ZEW Indicator of Economic Sentiment rose by a more-than-expected seven points to 17.0 in September, survey data from the Mannheim-based Centre for European Economic Research/ZEW showed Tuesday. The reading was forecast to rise to 13. The current conditions index climbed to 87.9 in September from 86.7 in August. This was the highest reading since July 2011, when the score was 90.6. The reading was also above the expected level of 86.6. The solid growth figures in the second quarter coupled with a steep rise in bank lending and increasing investment activities are likely reasons for the financial market experts' significantly more positive outlook, ZEW President Professor Achim Wambach said. "The German federal elections do not seem to have been a source of uncertainty," Wambach said. ..

    German ZEW Economic Confidence Strengthens In September

    Germany's economic confidence strengthened for the first time in four months in September as solid economic growth and increased investment lifted financial market experts' optimism. The ZEW Indicator of Economic Sentiment rose by a more-than-expected seven points to 17.0 in September, survey data from the Mannheim-based Centre for European Economic Research/ZEW showed Tuesday. The reading was forecast to rise to 13. The current conditions index climbed to 87.9 in September from 86.7 in August. This was the highest reading since July 2011, when the score was 90.6. The reading was also above the expected level of 86.6. The solid growth figures in the second quarter coupled with a steep rise in bank lending and increasing investment activities are likely reasons for the financial market experts' significantly more positive outlook, ZEW President Professor Achim Wambach said. "The German federal elections do not seem to have been a source of uncertainty," Wambach said. ..
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  • The German national election is close, its in under 3 weeks There was a Sunday TV debate: - Chancellor Angela Merkel vs. Martin Schulz - Reuters report that a poll showed Merkle getting a better score for overall performance, on 55% vs. 35% for Schulz Report is here for more

    German election – TV debate – Merkel the winner

    The German national election is close, its in under 3 weeks There was a Sunday TV debate: - Chancellor Angela Merkel vs. Martin Schulz - Reuters report that a poll showed Merkle getting a better score for overall performance, on 55% vs. 35% for Schulz Report is here for more
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  • Ulrike Demmer is German Chancellor Angela Merkel's spokeswoman, speaking in Berlin Did you really think we'd be okay with you playing with big boy toys?

    Demmer: Germany condemns North Korea missile test

    Ulrike Demmer is German Chancellor Angela Merkel's spokeswoman, speaking in Berlin Did you really think we'd be okay with you playing with big boy toys?
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  • German chancellor out on the campaign trail with election next month - German politicians do not influence FX rates, we avoid unfair trade practices - we do not see trade surplus as too dramatic Looked at the ol' FX scoreboard lately Angie? Slowly losing that competitive FX edge eh?

    Merkel repeats that German trade surplus not due to unfair practices

    German chancellor out on the campaign trail with election next month - German politicians do not influence FX rates, we avoid unfair trade practices - we do not see trade surplus as too dramatic Looked at the ol' FX scoreboard lately Angie? Slowly losing that competitive FX edge eh?
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  • German chancellor Merkel on the election campaign trail 23 Aug - there are good reasons for surplus Weaker euro for sustained periods being one of them I'd say. Oh hang on, is that an unfair practice? LOL

    Merkel says Germany’s trade surplus not due to unfair practices

    German chancellor Merkel on the election campaign trail 23 Aug - there are good reasons for surplus Weaker euro for sustained periods being one of them I'd say. Oh hang on, is that an unfair practice? LOL
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  • UK Public Finances Log Surplus In July The UK public sector net borrowing in July turned to surplus for the first time in 15 years on higher receipts of income tax, the Office for National Statistics said Tuesday. Public sector net borrowing excluding public sector banks was in GBP 0.2 billion surplus, which was the first July surplus since 2002. In July 2016, borrowing was GBP 0.3 billion. Economists had forecast borrowing to increase to GBP 1 billion in July. July's public finances brought some cheer for the Chancellor after the run of fairly poor outturns seen so far this fiscal year, Ruth Gregory, an economist at Capital Economics, said. But this will probably prove to be just a temporary blip, rather than the start of a more sustained improvement, Gregory noted. In January and July, accrued receipts are particularly high due to receipts from self-assessed Income Tax. The receipts from self-assessed Income Tax increased by GBP 0.8 billion annually to GBP 8.0 b..

    UK Public Finances Log Surplus In July

    UK Public Finances Log Surplus In July The UK public sector net borrowing in July turned to surplus for the first time in 15 years on higher receipts of income tax, the Office for National Statistics said Tuesday. Public sector net borrowing excluding public sector banks was in GBP 0.2 billion surplus, which was the first July surplus since 2002. In July 2016, borrowing was GBP 0.3 billion. Economists had forecast borrowing to increase to GBP 1 billion in July. July's public finances brought some cheer for the Chancellor after the run of fairly poor outturns seen so far this fiscal year, Ruth Gregory, an economist at Capital Economics, said. But this will probably prove to be just a temporary blip, rather than the start of a more sustained improvement, Gregory noted. In January and July, accrued receipts are particularly high due to receipts from self-assessed Income Tax. The receipts from self-assessed Income Tax increased by GBP 0.8 billion annually to GBP 8.0 b..
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  • As expectations ramp up of banks to leave London, Germany and Ireland continue to jostle for the jobs that'll be up for grabs Via Reuters: - "I'm here to send you the regards of the Federal Chancellor. I am entitled to tell you we want you in Germany." This private message from Angela Merkel, delivered by a

    Brexit – Meanwhile, Franfurt and Dublin battle it out to attract banks

    As expectations ramp up of banks to leave London, Germany and Ireland continue to jostle for the jobs that'll be up for grabs Via Reuters: - "I'm here to send you the regards of the Federal Chancellor. I am entitled to tell you we want you in Germany." This private message from Angela Merkel, delivered by a
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