| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

Home 
 
 News
 Irish
 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 International
 Property
 Innovation
 
 Analysis/Comment
 
 Asia Economy

RSS FEED


How to use our RSS feed

Follow Finfacts on Twitter

 
Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.

Welcome

Finfacts is Ireland's leading business information site and you are in its business news section.

Links

Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Irish Economy

Global Income Per Capita

Global Cost of Living

Irish Tax - Income/Corporate

Global News

Bloomberg News

CNN Money

Cnet Tech News

Newspapers

Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News

 

Feedback

 

Content Management by interactivetools.com.

News : International Last Updated: Aug 17, 2011 - 6:12 AM


Spain raises €5.7bn at better rates; Fitch affirms US triple-A rating; Fed says industrial production rose in July
By Finfacts Team
Aug 16, 2011 - 4:36 PM

Email this article
 Printer friendly page
Shaded areas are periods of recession

Spain today raised €5.7bn on the debt market at improved rates compared with previous auctions. Meanwhile, Fitch, the third biggest ratings agency, reaffirmed its triple-A US rating on federal debt and the Federal Reserve reported that US industrial production rose in July.

Spain sold €5.7bn worth of bonds on Tuesday - - its biggest sale in six months - -  €4.15bn was raised from sales of 12-month bonds at an average yield of 3.335%, compared with 3.702% last month. It also sold 18-month bonds at an average 3.592%, down from 3.912%.

The bid-to-cover ratio, an indication of the strength of demand, fell in both cases. Nevertheless, it was a positive development after the European Central Bank last week bought €22bn of government bonds issued by Spain and Italy following rises in the yield on benchmark 10-year bonds to euro-era records above 6%. The yields subsequently fell to about 5% after ECB buying.

Fitch today reaffirmed the US’s triple-A credit rating, after rival S&P had downgraded US debt on Aug 5.

The Fed reported today that US industrial production advanced 0.9% in July.

Although the index was revised down in April, primarily as a result of a downward revision to the output of utilities, stronger manufacturing output led to upward revisions to production in both May and June. Manufacturing output rose 0.6% in July, as the index for motor vehicles and parts jumped 5.2% and production elsewhere moved up 0.3%, as supply strains triggered by the March 11th Japanese earthquake, eased.

The output of mines advanced 1.1%, and the output of utilities increased 2.8%, as the extreme heat during the month boosted air conditioning usage. At 94.2% of its 2007 average, total industrial production for July was 3.7%age points above its year-earlier level.

The capacity utilization rate for total industry climbed to 77.5%, a rate 2.2 percentage points above the rate from a year earlier but 2.9 percentage points below its long-run (1972--2010) average.

In other US news, the Commerce Department reported that privately-owned housing starts in July were at a seasonally adjusted annual rate of 604,000. This is 1.5% below the revised June estimate of 613,000, but is 9.8% above the July 2010 rate of 550,000.

Single-family housing starts in July were at a rate of 425,000; this is 4.9% below the revised June figure of 447,000.  The July rate for units in buildings with five units or more was 170,000.

Single-family housing starts in July were at a rate of 425,000; this is 4.9% below the revised June figure of 447,000.

European indices

US indices

Related Articles
Related Articles


© Copyright 2011 by Finfacts.com

Top of Page

International
Latest Headlines
Wednesday newspaper review: December 17, 2014
Tuesday newspaper review: December 16, 2014
Monday Newspaper Review - Irish Business News and International Stories - - December 08, 2014
Friday Newspaper Review - Irish Business News and International Stories - - November 28, 2014
Thursday Newspaper Review - Irish Business News and International Stories - - November 27, 2014
Tuesday Newspaper Review - Irish Business News and International Stories - - November 25, 2014
Friday Newspaper Review - Irish Business News and International Stories - - November 21, 2014
Thursday Newspaper Review - Irish Business News and International Stories - - November 20, 2014
Wednesday Newspaper Review - Irish Business News and International Stories - - November 19, 2014
Tuesday Newspaper Review - Irish Business News and International Stories - - November 18, 2014
Monday Newspaper Review - Irish Business News and International Stories - - November 17, 2014
Friday Newspaper Review - Irish Business News and International Stories - - November 14, 2014
Thursday Newspaper Review - Irish Business News and International Stories - - November 13, 2014
Wednesday Newspaper Review - Irish Business News and International Stories - - November 12, 2014
Tuesday Newspaper Review - Irish Business News and International Stories - - November 11, 2014
Monday Newspaper Review - Irish Business News and International Stories - - November 10, 2014
Thursday Newspaper Review - Irish Business News and International Stories - - November 06, 2014
Tuesday Newspaper Review - Irish Business News and International Stories - - November 04, 2014
Monday Newspaper Review - Irish Business News and International Stories - - November 03, 2014
Friday Newspaper Review - Irish Business News and International Stories - - October 31, 2014
Thursday Newspaper Review - Irish Business News and International Stories - - October 30, 2014
Wednesday Newspaper Review - Irish Business News and International Stories - - October 29, 2014
Tuesday Newspaper Review - Irish Business News and International Stories - - October 28, 2014
Friday Newspaper Review - Irish Business News and International Stories - - October 24, 2014
Wednesday Newspaper Review - Irish Business News and International Stories - - October 22, 2014
Tuesday Newspaper Review - Irish Business News and International Stories - - October 21, 2014
Monday Newspaper Review - Irish Business News and International Stories - - October 20, 2014
Friday Newspaper Review - Irish Business News and International Stories - - October 17, 2014
Thursday Newspaper Review - Irish Business News and International Stories - - October 16, 2014
Wednesday Newspaper Review - Irish Business News and International Stories - - October 15, 2014
Monday Newspaper Review - Irish Business News and International Stories - - October 13, 2014
Friday Newspaper Review - Irish Business News and International Stories - - October 10, 2014
Thursday Newspaper Review - Irish Business News and International Stories - - October 09, 2014
Wednesday Newspaper Review - Irish Business News and International Stories - - October 08, 2014
Tuesday Newspaper Review - Irish Business News and International Stories - - October 07, 2014
Monday Newspaper Review - Irish Business News and International Stories - - October 06, 2014
Thursday Newspaper Review - Irish Business News and International Stories - - October 02, 2014
Wednesday Newspaper Review - Irish Business News and International Stories - - October 01, 2014
Monday Newspaper Review - Irish Business News and International Stories - - September 29, 2014
Friday Newspaper Review - Irish Business News and International Stories - - September 26, 2014