Bank of France cuts its growth forecast for the fourth quarter

Market news

8 December 2015

Bank of France cuts its growth forecast for the fourth quarter

The Bank of France cuts its growth forecast for the fourth quarter on Tuesday. The central bank expects the French economy to expand 0.3% in the fourth quarter, down from the previous estimate of a 0.4% growth.

The manufacturing business confidence index fell to 98 in November from 99 in October.

The services business sentiment index declined to 96 in November from 97 in October.

The construction business sentiment index remained unchanged at 96 in November.

The Bank of France noted that the terror attacks in Paris continued to weigh on the economy.

European stock markets mid session: stocks traded lower on the weaker-than-expected Chinese trade data

House prices in the U.K. decline 0.2% in November

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.