By Lukman Otunuga, Research Analyst, FXTM Confidence in the US economy received further uplift on Friday following another magnificent jobs report with a non-farm payroll (NFP) figure of 292,000 in January. While recent US economic data signal that economic momentum is slowing, job creation continues to act as the star performer of the US
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* Consumer confidence worse, household spending expected to drop * The business climate improved in December with the Economic Sentiment Indicator (ESI) generated by the Economics Research Centre of the University of Cyprus rising by 1.3 points from the previous month to 107.6, equal to the number recorded in October and marginally shy of the
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* Sales to foreigners up 13% in 2015, says Land Registry * December was the best month for property sales last year, with the Land Registry Office recording a total of 513 deals, up 13% from the year-earlier figure and raising the total for 2015 to 4,952, up 9% from 2014. At the same
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The Public Debt Management Office sold a total of EUR 120 mln in 13-week Treasury Bills at an auction on Monday. The issue was oversubscribed, while the average yield was substantively lower than the yield at the previous auction in November, when a total of EUR 100 mln were sold. A PDMO announcement said
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Non-performing loans (NPLs) in Cypriot banks rose in October by EUR 101 mln, the Central Bank of Cyprus said, but cited data that suggest a gradual reduction of NPLs through restructurings. The total value of NPLs was EUR 27.4 bln in October, from 27.3 bln in September. “Despite the increase observed in October, according
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The Index of Production in Construction has recorded a positive annual rate of growth for the first time in the seven years. According to the statistical service Cystat, the Index of Production in Construction for the third quarter of 2015 reached 39.4 units (base year 2010=100), up 6.8% over the third quarter of 2014.
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. As an island, Cyprus has no choice but to adopt, perhaps even lead the way, in climate change proposals agreed at the Paris summit, which some critics said fell short of drastic measures to counter the global environmental problems. Our economy relies heavily on services, agriculture, tourism and shipping, with three out of these
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. Marcuard's Market update by GaveKal Dragonomics “Well, that was an oddly timed report,” one of our long-suffering clients remarked on Monday, with justice. Right after we pressed send on our outlook for the year ahead, assuring readers that China fears and commodity prices would not play as big a role in markets in 2016
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. By Oren Laurent President, Banc De Binary Now that 2016 has arrived, the US dollar is expected to strengthen while other currencies weaken. Presently, we are witnessing one of the longest rallies of the dollar in over 45 years. And now, following three years of strong gains for the USD, analysts are expecting that
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. In their wisdom to try and muzzle the government, our honourable members of parliament, most of whom do not deserve to get re-elected in May, have shot themselves in the foot for the umpteenth time. By depriving the Labour Minister of the right to set (or completely liberalise) shopping hours and days, the opposition
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