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German unemployment declined before Britain’s shock leave vote

  Bloomberg German unemployment extended its decline in June, signaling economic growth remained robust before Britons unexpectedly voted to exit the European Union. The number of people out of work fell by a seasonally adjusted 6,000 to 2.69 million, data from the Federal Labour Agency in Nuremberg showed on Thursday. German companies shrugged off the risk of the U.K. quitting ...

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Hollande bullish on French economy

  PARIS / AFP President Francois Hollande said he expected the French economy to perform better than expected this year and add at least 200,000 new jobs, as the deeply unpopular leader shifts into campaign mode ahead of next year’s elections. In an interview published Wednesday on the website of Les Echos daily, the Socialist president also repeated a promise ...

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UK bonds celebrate as spread to US widens to 15-yr high

  Bloomberg U.K. bonds are closing the first half with a 12 percent gain, more than double what Treasuries have returned, on concern Britain’s decision to leave the European Union will drive the nation into recession. The extra yield 10-year Treasuries offer over same-maturity gilts widened to 57 basis points Wednesday, the biggest difference since December 2000. Yields plunged globally ...

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