Wednesday, 8 January 2014

UK new car sales highest since 2007

UK car sales in 2013 recorded their best year since 2007, industry figures have shown, helped by cheap credit deals and stronger consumer confidence.

The Society of Motor Manufacturers and Traders (SMMT) said that 2.26 million vehicles were registered in 2013.

Source:BBC News

Eurozone unemployment steady but retail sales rebound

Some 19.2 million people were out of work in the 17 countries using the euro, according to the EU statistics office, Eurostat.

But retail trade in the currency area went up by 1.4% month-on-month, the biggest rise since November 2001, led by booming sales of non-food products.

That came after a 0.4% fall in October.

Source:BBC News

Stock-Index Trades Rising at Fastest Pace in Six Years: Options

Options trading in benchmark gauges such as the Standard & Poor’s 500 Index is growing at the fastest pace since 2007, spurred by investors seeking protection from widespread declines after the broadest rally on record.

A record 385 million contracts on stock-indexes changed hands in 2013, 20 percent more than the previous year for the biggest increase in six years, according to data compiled by the Options Clearing Corp. Indexes accounted for 9.4 percent of total options trading, the largest proportion since 2007, data from the Chicago-based organization show.

Source: Bloomberg

Pound Rises to Five-Week High Versus Euro on U.K. Growth Outlook

The pound rose to the strongest level in five weeks against the euro on speculation Britain’s economic growth will outpace that of its European peers this year.

Sterling advanced versus all except one of its 16 major counterparts after the central bank said mortgage availability increased in the fourth quarter and will keep climbing. House prices will extend gains this year, according to a separate report from lender Halifax. The Bank of England and European Central Bank will both announce interest-rate decisions tomorrow. U.K. government bonds dropped for the first time in four days.

Source: Bloomberg