Germany’s factory orders unexpectedly expanded in May underpinned by the rise in demand from the non-euro area countries, data from Destatis showed on Wednesday. New orders grew 0.1 percent month-on-month in May, in contrast to the revised 1.8 percent decline in April and the expected fall of 0.6 percent. On a yearly basis, factory orders declined 3.1 percent, slower than […]

The eurozone private sector expanded at a slower pace in June as the manufacturing production logged its first fall in two years on one side and the weaker growth in services activity on the other, final survey results from S&P Global showed on Tuesday. The final composite output index fell to 52.0 in June from 54.8 in the previous month. […]

Property prices could fall by more than initially feared as the Reserve Bank ratchets up official interest rates to fight surging inflation. Even before Tuesday’s increase in the cash rate of 0.5 percentage points – in line with market expectations, to take the cash rate to 1.35 per cent – property watchers were already forecasting price falls of between 15 […]

Most people are aware that the costs of working from home during the COVID-19 pandemic are a legitimate tax-deduction in your annual return. However, there are other coronavirus-related deductions available, too. You need evidence to show how much of your COVID-19 related expenses are work-related. Credit:Justin McManus One that you may not know about, but could be able to claim, […]

German unemployment increased unexpectedly in June as the Ukrainian refugees are added in job centers as people searching for jobs, official data showed on Thursday. The number of people out of work increased sharply by 133,000 from May, when employment declined by 5,000, data published by the Federal Employment Agency reported. Economists had forecast another fall of 6,000. The jobless […]

Eurozone economic confidence weakened to a 15-month low in June, reflecting the deterioration of morale among consumers and construction managers, survey results from the European Commission showed Wednesday. The economic confidence index fell to 104.0 in June from 105.0 in May. This was the lowest score since March 2021 but remained above economists’ forecast of 103.0. The improvements in industrial […]

Germany’s business sentiment worsened more than expected in June as the war in Ukraine, high inflation and supply chain disruptions triggered fears of recession, survey results from the ifo Institute showed on Friday. After rising for two months, the business confidence index dropped to 92.3 in June from 93.0 in the previous month. The index was forecast to fall marginally […]

Self-managed super funds – once the domain of mainly high-income, older investors – are becoming increasingly popular with the young, who want to take more control of their retirement savings. The move comes on the back of droves of millennials becoming newbie sharemarket investors during the pandemic, when many were locked down for long periods with the time to research […]

The consensus among economists and business leaders is that a recession will start late this year or early next. The Biden administration has rejected this point of view, but not with much support. Recessions do not blanket the United States all at once. Presumably, some cities in the southwest that already have very high unemployment will be harmed early. Most […]

The home market has changed radically over the last two years. Home prices rise by over 20% most months, year over year, according to the carefully followed S&P Case Shiller home price analysis. In some cities, the pace is closer to 30%. Low mortgage rates have driven a large portion of the buying. Rates on 30-year fixed mortgages dropped below […]