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Friday, June 15, 2012

Europe News - 6/15/12

U.K. trade deficit +16% to £10.1B M/M in April - the second-largest on record - as exports fall 8.6% to £8.7B, the biggest drop since July 2006. Imports -2.5% to £33.9B. Trade deficit with EU hits a record £4.9B; with non-EU nations it widens 24% to £5.2B, suggesting that the attempt to boost exports to fast-growing countries outside the bloc is yet to bear fruit

Eurozone employment -0.2% in Q1 (first estimate), a slight improvement from the -0.3% in Q4. On a Y/Y basis, employment -0.5% vs. -0.2% previous

Overseas: Japan +0.1%. Hong Kong +2.3%. China +0.5%. India +1.6%. London +0.8%. Paris +1.6%. Frankfurt +1.1%.

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