This is a great move for Accenture and Duck Creek. And it will create real benefits for global property & casualty / general insurers. Duck Creek brings its well regarded, modern, and highly configurable policy administration and rating systems to the growing Accenture Software unit. Duck Creek will benefit from Accenture’s global global insurance client base and relationships. Accenture Software’s [...]

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New home sales plummeted by 17% mom to a new low of 250k in February while median home prices declined by 8.9% yoy. The weakness in new home sales is related to the excess supply of existing homes, mainly resulting from massive foreclosure activities. However, given the drop in prices and the improvement in the [...]

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Labour market report (Jun): payroll growth likely to have recovered only moderately Factory orders, which went down by 1.2% mom in April due to a sharp decline in durable goods orders, are likely to have rebounded in May. We already know that durable goods orders rose by 1.9% mom, particularly due to a recovery in [...]

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Consumer watchdog Choice has called for the Financial Claims Scheme (FCS) to be maintained to enhance competition in the banking sector and benefit consumers. Choice has strongly supported a permanent consumer deposit guarantee as part of its Better Banking Campaign, arguing that the guarantee should be properly explained to consumers in a consistent way, on [...]

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In May, the ZEW economic sentiment will probably have deteriorated, just like the US ISM manufacturing index and the ifo business expectations. The DAX has continued to recover from the slump caused by the disasters in Japan. Moreover, the euro has depreciated and crude oil prices have gone down. However, German yield spreads have narrowed, [...]

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