*Weidmann says Britain gets economic lift from EU membership. LONDON, July 23- The head of the Bundesbank appealed to Britain on Wednesday to stay in the European Union, saying membership of the bloc had given the country an economic lift and posed little threat to London.» Read More
July 23- For other related diaries, please. WARSAW- Central Bank of Poland Marek Governor Belka speaks in parliament. MEXICO CITY- IMF presents its latest World Economic Outlook report- 1400 GMT.
There was also some safe-haven buying in the afternoon, boosting bond prices, in connection with tensions in the Middle East after the Federal Aviation Administration advised U.S. airlines not to fly to Tel Aviv in Israel.
NEW YORK— Just as the U.S. economy is strengthening, other countries are threatening to drag it down. But sluggish growth in France, Italy, Russia, Brazil and China suggests that the old truism, "When the U.S. sneezes, the rest of the world catches a cold," may need to be flipped.
*China output near record levels, CIS growth strong. China produces around half the world's steel, but output growth remained strong at 3.6 percent in North America and at 1.8 percent in the CIS- the third and fourth-largest producing regions after Asia.
CPI rises 0.3 percent, Treasuries trim losses. *Geopolitics still a big factor. NEW YORK, July 22- U.S. long-term Treasury debt prices fell on Tuesday as safe-haven demand weakened in line with a rise in stocks, with investors hopeful tensions in the Middle East and Ukraine will ease.
LONDON, July 22- Gold steadied on Tuesday, paring earlier losses as the dollar gave up some of its gains against the euro after U.S. consumer price data pointed to a gradual buildup of inflationary pressure. Gold could benefit from a higher CPI as the metal is often considered a hedge against inflation.
NEW YORK, July 22- U.S. stock index futures rose on Tuesday as a cascade of earnings landed and inflation data was tame, while hopes rose for an easing of tensions in Ukraine.
*France has until 2015 to bring its deficit to 3 pct of GDP. PARIS, July 22- France will not accelerate cuts in public spending even though disappointing growth could make it difficult to meet EU fiscal targets, President Francois Hollande said.
*EU foreign ministers meeting eyed for message to Russia. LONDON, July 22- The dollar rose to its strongest against the euro in almost six months on Tuesday ahead of U.S. inflation numbers for June which should add to a picture of growing divergence between the U.S. and European economies.
Vasu Menon, Vice President, Wealth Management at OCBC Bank, says a stronger growth story and accommodative monetary policies make developed economies more attractive than emerging markets.
Anders Aslund, Senior Fellow at the Peterson Institute for International Economics, says sanctions on Russia should be targeted in technology and finance.
LISBON, July 21- Portugal's president warned on Monday that fallout from the financial troubles of the founding family of Banco Espirito Santo could affect the wider economy, while the bank said it was appointing a special financial advisor to help boost its capital structure.
*Sees 3rd- qtr profit of $1.46- $1.54/ shr vs est $1.45. July 21- Staffing company ManpowerGroup Inc said its weak performance in France dragged on the company's revenue in the second quarter, sending its shares down as much as 5 percent.
The euro has remained stubbornly strong amid a slew of obstacles, and some analysts said the European Central Bank has kept it higher.
*Economists say Germany's fundamentals still solid. BERLIN/ FRANKFURT, July 21- The German economy probably stagnated in the second quarter in the face of political tensions abroad, the Bundesbank said on Monday, but chances are its recovery will not be held up for long by conflicts on the rim of Europe.
*Economists say Germany's fundamentals still solid. FRANKFURT, July 21- The German economy probably stagnated in the second quarter in the face of political tensions abroad, the Bundesbank said on Monday, but chances are its recovery will not be held up for long by conflicts on the rim of Europe.
*Sees 3rd- qtr profit of $1.46- $1.54/ shr vs est $1.45. July 21- Staffing company ManpowerGroup Inc reported better-than-expected second-quarter results and forecast third-quarter profit above analysts' expectations, helped by a pick up in hiring in Europe.
July 21- Staffing company ManpowerGroup Inc reported a 5.6 percent rise in quarterly revenue, helped by a recovery in hiring in Europe. The company's revenue increased to $5.32 billion, with revenue from Europe rising 9 percent to $3.50 billion.
The loss of momentum in Germany, Europe's biggest economy, will concern policymakers who are watching for any impact on the bloc from the Ukraine crisis and Israel's ground offensive in Gaza. Economists polled by Reuters earlier this month expected second-quarter growth of 0.2 percent in Germany, followed by 0.5 percent in each of the following five quarters.
HARTFORD, Connecticut— Private jet sales are rising again, climbing out of a deep recession when the company plane was an easy target for spending cuts. The chief executive of General Dynamics Corp., maker of Gulfstream jets, says corporate customers are back and wealth creation is bringing out shoppers for private jets.
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