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|Sun, 20 Oct 2019 07:00:05 GMT|
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|Dollar Exhibits Weakness Again|
|Fri, 18 Oct 2019 21:01:54 GMT|
The U.S. dollar extended its recent slide on Friday amid the possibility of more interest rate cuts by the Federal Reserve in the near run to support the economy.
|U.S. Leading Economic Index Unexpectedly Edges Lower In September|
|Fri, 18 Oct 2019 14:31:53 GMT|
Partly reflecting weakness in the manufacturing sector, the Conference Board released a report on Friday showing an unexpected drop in its reading on leading U.S. economic indicators in the month of September. The Conference Board said its leading economic index edged down by 0.1 percent in September after dipping by a revised 0.2 percent in August.
|China GDP Growth Weakest Since 1992|
|Fri, 18 Oct 2019 05:02:39 GMT|
China economy expanded at the slowest pace in nearly three decades in the third quarter amid subdued investment, industrial production and domestic demand, data from the National Bureau of Statistics showed Friday. Gross domestic product expanded 6 percent year-on-year in the third quarter after rising 6.2 percent in the second quarter. This was the slowest growth since 1992 and below the expected rate of 6.1 percent.
|Japan's Inflation Lowest In More Than 2 Years|
|Fri, 18 Oct 2019 03:50:50 GMT|
Japan's inflation eased to the lowest level in more than two years in September, raising pressure on the central bank to ease policy further, data showed Friday. Excluding fresh food, inflation eased to 0.3 percent in September from 0.5 percent a month ago, the statistics bureau revealed. This was the lowest since April 2017 and in line with expectations.
|Dollar Drifts Lower As Weak Data Signals Possible Rate Cuts|
|Thu, 17 Oct 2019 20:57:10 GMT|
The U.S. dollar started off on a weak note on Thursday and stayed weak right through the session as a disappointing batch of economic data raised prospects for more interest rate cuts by the Federal Reserve.
|U.S. Industrial Production Drops More Than Expected Amid GM Strike|
|Thu, 17 Oct 2019 13:57:59 GMT|
With the strike at General Motors (GM) contributing to a drop in manufacturing output, the Federal Reserve released a report on Thursday showing a bigger than expected drop in industrial production in the month of September. The Fed said industrial production fell by 0.4 percent in September after climbing by an upwardly revised 0.8 percent in August.
|Philly Fed Index Indicates Continued Slowdown In Growth In October|
|Thu, 17 Oct 2019 13:36:27 GMT|
Growth in Philadelphia-area manufacturing activity saw a continued slowdown in the month of October, the Federal Reserve Bank of Philadelphia revealed in a report released on Thursday. The Philly Fed said its diffusion index for current general activity dropped to 5.6 in October after falling to 12.0 in September.
|U.S. Housing Starts Pull Back Sharply After Reaching 12-Year High|
|Thu, 17 Oct 2019 13:26:34 GMT|
After reporting a substantial increase in new residential construction in the previous month, the Commerce Department released a report on Thursday showing a sharp pullback in U.S. housing starts in the month of September. The Commerce Department said housing starts plunged by 9.4 percent to an annual rate of 1.256 million in September.
|U.S. Weekly Jobless Claims Show Modest Increase|
|Thu, 17 Oct 2019 13:21:28 GMT|
First-time claims for U.S. unemployment benefits saw a modest increase in the week ended October 12th, according to a report released by the Labor Department on Thursday.
|Pound Surges After U.K., EU Agree On New Brexit Accord|
|Thu, 17 Oct 2019 12:37:07 GMT|
The pound rallied against its key counterparts in the European session on Thursday, after the U.K. and the European Union concluded a new Brexit deal following days of intense negotiations, as EU leaders gather in Brussels.
|UK Retail Sales Stagnate In September|
|Thu, 17 Oct 2019 12:15:54 GMT|
UK retail sales stagnated in September as consumers were cautious about spending amid uncertainties surrounding Brexit, data from the Office for National Statistics revealed Thursday. Retail sales volume, including auto fuel, was unchanged from the previous month, following a 0.3 percent drop in August. Sales were forecast to fall 0.2 percent.
|RBA's Debelle Sees Sizeable Downturn In Construction Underway|
|Thu, 17 Oct 2019 04:32:29 GMT|
Reserve Bank of Australia Deputy Governor Guy Debelle said the construction activity is set to continue its downward trend and the effect on the broader economy is somewhat more than expected. Much of the downturn in construction activity is still ahead, he said in a speech on Thursday. "We are forecasting a further 7 per cent decline in dwelling investment over the next year, and there is some
|European Economics Preview: UK Retail Sales Data Due|
|Thu, 17 Oct 2019 03:40:55 GMT|
Retail sales data from the UK is due on Thursday, headlining a light day for the European economic news. At 3.30 am ET, Statistics Sweden is scheduled to issue unemployment figures. Economists forecast the jobless rate to fall to 6.7 percent in September from 7.1 percent in August.
|Dollar Loses Ground On Weak Retail Sales Data|
|Wed, 16 Oct 2019 20:35:47 GMT|
The U.S. dollar lost ground against most major currencies on Wednesday, as data showing an unexpected drop in retail sales in September raised prospects for a further reduction in interest rates by the Federal Reserve.
|Fed Says U.S. Economy Expanding At Slight To Modest Pace|
|Wed, 16 Oct 2019 18:26:00 GMT|
Two weeks ahead of the Federal Reserve's next monetary policy meeting, the central bank's Beige Book said Wednesday the U.S. economy expanded at only a slight to modest pace over the past month. The Beige Book, a compilation of anecdotal evidence on economic conditions in the twelve Fed districts, noted business activity varied across the country.
|U.S. Business Inventories Virtually Unchanged In August|
|Wed, 16 Oct 2019 14:29:36 GMT|
The Commerce Department released a report on Wednesday showing little change in U.S. business inventories in the month of August. The report said business inventories came in virtually unchanged in August after climbing by a revised 0.3 percent in July.
|U.S. Homebuilder Confidence Unexpectedly Shows Continued Improvement|
|Wed, 16 Oct 2019 14:27:28 GMT|
Homebuilder confidence in the U.S. unexpectedly climbed to its highest level in well over a year in the month of October, the National Association of Home Builders revealed in a report on Wednesday. The report said the NAHB/Wells Fargo Housing Market Index jumped to 71 in October after inching up to 68 in September. Economists had expected the index to come in unchanged from the previous month.
|U.S. Retail Sales Unexpectedly Decrease Amid Pullback In Auto Sales|
|Wed, 16 Oct 2019 13:12:54 GMT|
Retail sales in the U.S. unexpectedly decreased in the month of September, according to a report released by the Commerce Department on Wednesday. The Commerce Department said retail sales fell by 0.3 percent in September after climbing by an upwardly revised 0.6 percent in August. The drop came as a surprise to economists, who had expected sales to rise by 0.3 percent.
|Hong Kong Chief Unveils Measures To Improve Housing Market|
|Wed, 16 Oct 2019 12:29:31 GMT|
Hong Kong's Chief Executive Carrie Lam unveiled measures to make housing affordable to citizens after anti-government protests dragged the economy into a recession. In her third policy address, Lam focused on housing, land supply, improving people's livelihood and economic development. Lam invited the Hong Kong Housing Authority to explore the feasibility of redeveloping its factory estates.
|UK Inflation Steady At 1.7%|
|Wed, 16 Oct 2019 12:09:12 GMT|
UK consumer prices grew at a steady rate, which was below the Bank of England's target, in September and factory gate inflation eased to the weakest in three years, figures from the Office for National Statistics showed Wednesday. Consumer prices advanced 1.7 percent year-on-year, the same pace of growth as seen in August, and the lowest since late 2016.
|European Economics Preview: UK Inflation Data Due|
|Wed, 16 Oct 2019 04:25:07 GMT|
Consumer price data from the UK is due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the European Automobile Manufacturers' Association publishes monthly new car registration figures for September. At 3.00 am ET, consumer prices from Austria and producer prices from the Czech Republic are due.
|Bank Of Korea Cuts Key Rate By 25 Bps|
|Wed, 16 Oct 2019 03:38:12 GMT|
South Korea's central bank lowered its key interest rate as economic growth is set to fall below projection owing to the continued US-China trade disputes and escalating geopolitical risks. The Monetary Policy Board of the Bank of Korea on Wednesday decided to cut the base rate by 25 basis points to 1.25 percent. The rate matched the record low seen during 2017.
|New Zealand Q3 CPI Advances 0.7% On Quarter|
|Tue, 15 Oct 2019 22:45:04 GMT|
Consumer prices in New Zealand climbed 0.7 percent on quarter in the third quarter of 2019, Statistics New Zealand said on Wednesday - surpassing expectations for an increase of 0.6 percent, which would have been unchanged from the previous three months.
|Dollar Turns Weak After Early Gains|
|Tue, 15 Oct 2019 21:07:30 GMT|
Despite a fairly strong start, the U.S. dollar retreated on Tuesday amid prospects for another reduction in interest rates.
|IMF Says Global Growth Set To Be Lowest Since 2008-09; Outlook Precarious|
|Tue, 15 Oct 2019 14:58:45 GMT|
Global economy is set to expand at the slowest pace in a decade this year amid weak manufacturing momentum, and rising trade and geopolitical tensions, the International Monetary Fund said Tuesday. The global lender cut the growth forecast for this year to 3 percent from 3.3 percent projected in April, in its latest World Economic Outlook.
|Growth In New York Manufacturing Activity Unexpectedly Accelerates In October|
|Tue, 15 Oct 2019 13:12:51 GMT|
The Federal Reserve Bank of New York released a report unexpectedly showing a modest acceleration in the pace of growth in regional manufacturing activity in the month of October. The New York Fed said its headline general business conditions index edged up to 4.0 in October after dipping to 2.0 in September, with a positive reading indicating an increase in regional manufacturing activity.
|German ZEW Economic Confidence Weakens Marginally|
|Tue, 15 Oct 2019 12:12:43 GMT|
German investors' confidence decreased less than expected in October, while their assessment of the current economic situation worsened to the lowest since 2010, survey data from the ZEW - Leibniz Centre for European Economic Research in Mannheim showed on Tuesday. The ZEW Indicator of Economic Sentiment for Germany dropped slightly to -22.8 from -22.5 in September. Economists had forecast a scor
|UK Unemployment Rises; Employment Falls Most Since 2015|
|Tue, 15 Oct 2019 10:25:09 GMT|
The UK labor market weakened as the number of people out of work increased and employment declined the most in over four years in three months to August, data from the Office for National Statistics showed Tuesday. The level of unemployment increased by 22,000 to 1.31 million in three months to August and the number of people in work fell 56,000 to 32.69 million.