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Tue, 23 Oct 2018 23:45:11 GMT
Read the latest business and financial news, market news, headlines, earnings, economic news and more on RTTNews
Want to know the latest business news?
Tue, 23 Oct 2018 23:45:10 GMT
Read the latest business and financial news, market news, headlines, earnings, economic news and more on RTTNews
Eurozone Banks Expect Loan Demand Growth To Continue In Q4: ECB Survey
Tue, 23 Oct 2018 14:20:08 GMT
Euro area banks expect further increase in demand for loans from businesses and households in the fourth quarter, the results of the latest Bank Lending Survey of the European Central Bank showed on Tuesday. Banks expect a continued increase in demand for loans to enterprises, home loans and consumer credit and other lending to households in the fourth quarter, the quarterly survey said.
UK Factory Orders Fall At Fastest Pace In Three Years: CBI
Tue, 23 Oct 2018 13:35:04 GMT
British factory orders dropped at the fastest pace in three years in the quarter to October as manufacturers remained worried about the possibility of a disorderly Brexit, a survey by the Confederation of British Industry showed Tuesday. The survey among 354 manufacturers showed that a net 6 percent reported a fall in new orders in the quarter to October, which was the weakest balance since 2015.
Singapore Inflation Unchanged In September
Tue, 23 Oct 2018 08:37:50 GMT
Singapore's headline consumer price inflation was unchanged in September, while the core figure eased, preliminary data from Statistics Singapore and the Monetary Authority of Singapore showed on Tuesday. The consumer price index rose 0.7 percent year-on-year, same as in August. Economists had expected a slightly higher figure of 0.8 percent.
European Economics Preview: Germany's Producer Price Data Due
Tue, 23 Oct 2018 05:02:08 GMT
Producer prices from Germany and flash consumer sentiment from euro area are due on Tuesday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is set to publish Germany's producer prices for September. Economists forecast prices to rise at a steady pace of 0.3 percent.
Cryptocurrency Daily Roundup - Oct. 22
Mon, 22 Oct 2018 13:48:46 GMT
Most of the leading cryptocurrencies, led by Bitcoin, opened the week lower amid a lack of significant positive news. Meanwhile, prominent crypto enthusiasts Fundstrat's Tom Lee and CNBC's Brian Kelly made optimistic predictions regarding the price of Bitcoin.
Crypto Weekly - Oct. 19
Fri, 19 Oct 2018 15:53:57 GMT
Cryptocurrencies opened the week with solid gains, as worries that the controversial stablecoin Tether would fail to defend its 1:1 peg to the dollar likely prompted investors in that altcoin to shift their money to safe-havens such as Bitcoin and Ethereum. Here is a collection of the main stories from the cryptocurrency and blockchain space this week.
U.S. Existing Home Sales Plunge To Nearly Three-Year Low In September
Fri, 19 Oct 2018 14:26:18 GMT
After a month of stagnation in August, the National Association of Realtors released a report on Friday showing existing home sales in the U.S. tumbled by much more than anticipated in the month of September. NAR said existing home sales plunged by 3.4 percent.
Cryptocurrency Daily Roundup - Oct. 19
Fri, 19 Oct 2018 12:41:55 GMT
Cryptocurrencies, led by Bitcoin, are lower Friday morning, extending the weakness witnessed over the past two days, amid a lack of positive news for the market. Overall cryptocurrency market capitalization was $207 billion and the Bitcoin dominance rate was 53.9 percent as of 8:34 am ET on CoinMarketCap.
Dow snaps 3-week losing streak, Procter & Gamble surges
Fri, 19 Oct 2018 08:18:00 GMT
The Dow Jones Industrial Average rose on Friday on the back of strong earnings from Procter & Gamble as Wall Street tried to regain its footing after a sharp sell-off in the prior session.
China's Q3 GDP Growth Weakest Since 2009
Fri, 19 Oct 2018 08:14:33 GMT
China's economy grew at the slowest pace since the global financial crisis in 2009 reflecting softening activity across manufacturing and investment amid escalating trade tensions and government's measures to rein in excessive lending. Gross domestic product expanded 6.5 percent year-on-year in the third quarter, slower than the 6.7 percent growth seen in the second quarter, the National Bureau
European Economics Preview: UK Public Sector Finance Data Due
Fri, 19 Oct 2018 05:34:36 GMT
Public sector finances from the UK and current account from euro area are due on Friday, headlining a light day for the European economic news.
U.S. Leading Economic Index Climbs In Line With Estimates In September
Thu, 18 Oct 2018 14:26:11 GMT
A report released by the Conference Board on Thursday showed a continued increase by its index of leading economic indicators in the month of September The Conference Board said its leading economic index climbed by 0.5 percent in September.
Philly Fed Index Indicates Slightly Slower Growth In October
Thu, 18 Oct 2018 13:24:12 GMT
A report released by the Federal Reserve Bank of Philadelphia on Thursday showed manufacturing activity in the Philadelphia area grew at a slightly slower rate in the month of October.
U.S. Weekly Jobless Claims Edge Down To 210,000
Thu, 18 Oct 2018 13:18:22 GMT
First-time claims for U.S. unemployment benefits showed a modest decrease in the week ended October 13th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims slipped to 210,000.
UK Retail Sales Decline On Food Sales
Thu, 18 Oct 2018 11:54:03 GMT
UK retail sales dropped more-than-expected in September reflecting the biggest decline in food store sales in almost two years, figures from the Office for National Statistics revealed Thursday. Retail sales including auto fuel fell 0.8 percent month-on-month in September, due mainly to a large decline of 1.5 percent in food stores, which was the largest food store sales fall since October 2015.
Dow falls more than 300 points as the market's October struggles persist
Thu, 18 Oct 2018 08:28:00 GMT
Stocks fell sharply on Thursday, adding to already steep losses for the month of October.
European Economics Preview: UK Retail Sales Data Due
Thu, 18 Oct 2018 05:35:12 GMT
Retail sales from the UK are due on Thursday, headlining a light day for the European economic news. At 2.00 am ET, Destatis releases Germany's wholesale prices for September. Prices had increased 0.3 percent on month in August.
Fed Continues To Favor "Gradual Approach" To Raising Rates
Wed, 17 Oct 2018 18:30:40 GMT
Amid recent concerns the Federal Reserve may raise interest rates more aggressively than currently anticipated, the minutes of the central bank's September monetary policy meeting showed members continue to favor a "gradual approach" to hiking rates.
Cryptocurrency Daily Roundup - Oct. 17
Wed, 17 Oct 2018 13:25:12 GMT
Bitcoin and its peers are trading lower Wednesday after a mixed performance a day earlier, and the relative calm in the market has made analysts wonder if the top cryptocurrency has hit a bottom and is now preparing for a rally.
U.S. Housing Starts Pull Back Sharply, Building Permits Unexpectedly Drop
Wed, 17 Oct 2018 13:16:58 GMT
After reporting a substantial increase in new residential construction in the previous month, the Commerce Department released a report on Wednesday showing a bigger than expected pullback in U.S. housing starts in the month of September.
UK Inflation Eases More-Than-Expected On Food Prices
Wed, 17 Oct 2018 13:09:49 GMT
UK inflation slowed more-than-expected in September on falling food prices, giving space for the Bank of England to wait-and-watch for the outcome of Brexit negotiations. Consumer price inflation eased to 2.4 percent from 2.7 percent in August, figures from the Office for National Statistics showed Wednesday.
Dow falls in volatile session after Fed hints at more rate hikes ahead
Wed, 17 Oct 2018 08:32:00 GMT
The Dow Jones Industrial Average fell Wednesday in volatile trading after a summary of the Federal Reserve's most-recent meeting showed the central bank was leaning toward more rate hikes moving forward.
European Economics Preview: UK Inflation Data Due
Wed, 17 Oct 2018 05:10:33 GMT
Inflation data is due from the UK on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the European Automobile Manufacturers Association is set to release new passenger car registrations for September.
Cryptocurrency Daily Roundup - Oct. 16
Tue, 16 Oct 2018 14:54:18 GMT
Cryptocurrencies were a mixed bag Tuesday morning after a strong showing a day earlier apparently on fears that the controversial stablecoin Tether was likely to fail in maintaining its 1:1 peg to the dollar. Bitcoin was trading lower, while Ethereum was rising. Tether, which trades with the symbol USDT, recovered early Tuesday and was trading at $0.98 as of 10.46 am ET on CoinMarketCap.
U.S. Homebuilder Confidence Unexpectedly Inches Higher In October
Tue, 16 Oct 2018 14:17:55 GMT
A report released by the National Association of Home Builder on Tuesday unexpectedly showed a modest increase in U.S. homebuilder confidence in the month of October. The report said the NAHB/Wells Fargo Housing Market Index inched up to 68 in October from 67 in September.
U.S. Industrial Production Rises In Line With Estimates In September
Tue, 16 Oct 2018 13:55:01 GMT
Industrial production in the U.S. increased in line with economist estimates in the month of September, according to a report released by the Federal Reserve on Tuesday. The report said industrial production rose by 0.3 percent in September.
UK Jobless Rate At 43-Year Low; Earnings Growth Fastest In Almost A Decade
Tue, 16 Oct 2018 13:27:20 GMT
The UK unemployment rate remained at the lowest level in 43 years in the three months to August, helping the average earnings to increase further amid fears of no-deal Brexit, the Office for National Statistics said Tuesday. The ILO jobless rate came in at 4 percent, in line with expectations, and was the lowest since February 1975. The number of unemployed decreased 47,000 from the previous quar
Dow jumps more than 500 points, posts best day since March as earnings fuel rally
Tue, 16 Oct 2018 08:42:00 GMT
Stocks rose sharply on Tuesday after the release of strong quarterly results from some of the largest U.S. companies helped the market recover from last week's sell-off.
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