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  • Article / 06 February 2015 at 7:24 GMT

    Market Open: US nonfarm payrolls in spotlight

    TradingFloor.com Team / Saxo Bank
    Denmark
    Market Open: US nonfarm payrolls in spotlight
    European markets are expected to open lower Friday. Market participants look forward to nonfarm payrolls data in the US along with the unemployment rate which would lend guidance with regards to the timeline for the increase in interest rates by the US Federal Reserve. Traders will also keep a tab on German industrial production figures. Yesterday, the European Commission raised its growth outlook for the Eurozone for 2015 and 2016.
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  • Editor’s Picks / 14 January 2015 at 0:27 GMT

    Carmaker upbeat on India's manufacturing drive

    Nikkei Asian Review
    Massive changes are about to take place in India as Prime Minister Narendra Modi spearheads reforms and promotes manufacturing in the country, says the head of Japan's Suzuki Motor. And the top carmaker is putting its money where its mouth is – it's building a plant in the state of Gujarat that will come onstream in 2017, and churn out vehicles for European and African markets. Panasonic and Hitachi Construction Machinery are following a similar game plan – investing in India as a base to tap into markets further to the west. The investments mesh with Prime Minister Modi's 'Make in India' initiative. Modi has been on Suzuki's radar since his stint as chief minister of Gujarat, when he eliminated power outages by improving the efficiency of the power industry. The Prime Minister has the support, track record and enthusiasm needed to help India overcome political and bureaucratic constraints, and finally start to realise its great potential.
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