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Are you interested in GDP, Inflation, Economic news ?
Mon, 22 Jul 2019 16:15:06 GMT
Read the latest on US Economic News, World Economic News and more on RTTNews Economic News.
Are you interested in GDP, Inflation, Economic news ?
Mon, 22 Jul 2019 16:15:06 GMT
Read the latest on US Economic News, World Economic News and more on RTTNews Economic News.
German Finance Ministry Warns Of Prolonged Industrial Weakness
Mon, 22 Jul 2019 13:53:48 GMT
Germany's finance ministry warned on Monday that the weakness in the industrial sector and exports is set to last longer, mainly due to global risks such as the trade tensions. "Leading indicators and falling orders indicate a persistently weakened industrial economy," the ministry said in its latest monthly report.
Brexit Likely Pushed UK Economy Into Recession, NIESR Says
Mon, 22 Jul 2019 12:25:25 GMT
The UK economy may have already entered a recession and the outlook beyond October is very murky with the possibility of a severe downturn in the event of a disorderly no-deal Brexit, the National Institute of Economic and Social Research, or NIESR, said in a report on Monday. The think tank said there is one-in-four chance that the economy has already entered a technical recession.
Dow turns negative as Wall Street begins a big week of earnings
Mon, 22 Jul 2019 06:45:00 GMT
The Dow Jones Industrial Average traded lower on Monday, giving back initial gains, as Wall Street kicked off a big week of earnings.
Dollar Rebounds After Recent Losses
Fri, 19 Jul 2019 21:14:25 GMT
The U.S. dollar rebounded on Friday, recovering from losses in the previous two sessions, and gained ground against other major currencies.
U.S. Consumer Sentiment Shows Slight Improvement In July
Fri, 19 Jul 2019 14:19:51 GMT
Reflecting an uptick in expectations, the University of Michigan released a report on Friday showing a slight improvement in U.S. consumer sentiment in the month of July. The preliminary report showed the consumer sentiment index inched up to 98.4 in July from the final June reading of 98.2.
UK Budget Logs Biggest June Deficit In 4 Years
Fri, 19 Jul 2019 11:08:48 GMT
The UK budget deficit widened to the highest June level in four years on bigger government spending, the Office for National Statistics reported Friday. Public sector net borrowing excluding public sector banks rose by GBP 3.8 billion from the previous year to GBP 7.2 billion, the highest June borrowing since 2015 and well above the expectations of GBP 3.9 billion.
Stocks fall, S&P 500 and Nasdaq post worst week since late May
Fri, 19 Jul 2019 06:10:00 GMT
Stocks fell and posted weekly losses as investors digested a slew of corporate earnings reports and remarks from a top Fed official.
European Economics Preview: UK Public Sector Finance Data Due
Fri, 19 Jul 2019 03:40:04 GMT
Public sector finance data from the UK is due on Friday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's producer prices for June. Economists forecast prices to fall 0.1 percent on month and to rise 1.5 percent annually.
Dollar Extends Weakness
Thu, 18 Jul 2019 21:09:01 GMT
The U.S. dollar stayed weak on Thursday, losing ground for a second successive session on expectations the Federal Reserve will cut interest rate later this month.
U.S. Leading Economic Index Unexpectedly Drops 0.3% In June
Thu, 18 Jul 2019 14:44:47 GMT
Reflecting weaknesses in new orders for manufacturing, housing permits, and unemployment insurance claims, the Conference Board released a report on Thursday showing an unexpected decrease by its index of leading U.S. economic indicators in the month of June. The Conference Board said its leading economic index fell by 0.3 percent in June after coming in unchanged in May.
Philadelphia Manufacturing Shows Substantial Reacceleration In July
Thu, 18 Jul 2019 13:31:51 GMT
After reporting nearly stagnant Philadelphia-area manufacturing activity in the previous month, the Federal Reserve Bank of Philadelphia released a report on Thursday showing its reading on regional manufacturing activity jumped much more than expected in the month of July.
U.S. Weekly Jobless Claims Rise In Line With Estimates
Thu, 18 Jul 2019 13:29:55 GMT
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits increased in line with economist estimates in the week ended July 13th. The report said initial jobless claims inched up to 216,000, an increase of 8,000 from the previous week's revised level of 208,000.
Indonesia Cuts Interest Rates For First Time In Nearly 2 Years
Thu, 18 Jul 2019 13:11:19 GMT
Indonesia's central bank cut its key interest rate for the first time in nearly two years and signaled more easing in future, joining its peers who have reduced rates ahead of a possible rate cut from the US Federal Reserve. The Board of Governors, led by Governor Perry Warjiyo, decided to reduce the 7-day reverse repo rate by 25 basis points to 5.75 percent, Bank Indonesia said.
UK Retail Sales Recover Unexpectedly In June
Thu, 18 Jul 2019 11:28:50 GMT
UK retail sales recovered unexpectedly in June suggesting that wage growth boosted household spending at the end of the second quarter, data from the Office for National Statistics revealed Thursday. After falling for two straight months, retail sales volume increased 1 percent month-on-month in June, largely driven by non-food product sales. Sales were forecast to fall 0.3 percent after easing
S&P 500 rises on hopes the Fed will take a more aggressive easing approach
Thu, 18 Jul 2019 06:38:00 GMT
Stocks rose after comments from a top Fed official led to bets that the central bank will ease monetary policy more aggressively.
Bank Of Korea Cuts Key Rate For First Time Since 2016
Thu, 18 Jul 2019 04:26:06 GMT
The Bank of Korea lowered its key interest rate for the first time since 2016, citing ongoing weakness in exports amid trade disputes. The Monetary Policy Board decided to cut the base rate unexpectedly by 25 basis points to 1.50 percent, the bank said in a statement on Thursday. The bank had earlier lifted its rate by a quarter-point in November 2018.
European Economics Preview: UK Retail Sales Data Due
Thu, 18 Jul 2019 03:09:34 GMT
Retail sales data from the UK is due on Thursday, headlining a light day for the European economic news. At 12.30 am ET, the Dutch jobless data for June is due. The unemployment rate stood at 3.3 percent in May.
Australia Unemployment Rate Unchanged At 5.2% In June
Thu, 18 Jul 2019 02:16:22 GMT
The jobless rate in Australia came in at a seasonally adjusted 5.2 percent in June, the Australian Bureau of Statistics said on Thursday - unchanged and in line with expectations.
Fed's Beige Book Indicates Positive Outlook Despite Trade-Related Uncertainty
Wed, 17 Jul 2019 18:47:46 GMT
A report from the Federal Reserve on Wednesday said economic activity continued to expand at a modest pace overall from mid-May through early July. The Fed referenced widespread concerns about the possible negative impact of trade-related uncertainty but said the economic outlook was generally positive for the coming months, with expectations of continued modest growth.
U.S. Housing Starts Drop 0.9% In June, Building Permits Plunge To Two-Year Low
Wed, 17 Jul 2019 13:32:53 GMT
Reflecting a steep drop in multi-family housing starts, the Commerce Department released a report on Wednesday showing a bigger than expected decrease in new residential construction in the month of June. The report also unexpectedly showed a substantial pullback in building permits, an indicator of future housing demand.
UK Inflation Steady At BoE Target
Wed, 17 Jul 2019 11:39:02 GMT
UK consumer price inflation remained stable at the central bank target in June. However, factory gate inflation eased to the lowest in nearly three years in June, data from the Office for National Statistics showed Wednesday. Consumer prices increased 2 percent year-on-year in June, the same pace of growth as seen in May and in line with expectations.
Dow drops 115 points as stocks fall for a second day on concern about earnings
Wed, 17 Jul 2019 06:33:00 GMT
Stocks fell on Wednesday as the corporate earnings season rolled on with companies like CSX and Bank of America releasing their quarterly numbers.
European Economics Preview: UK Inflation Data Due
Wed, 17 Jul 2019 04:39:48 GMT
Consumer and producer prices from the UK are due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the European Automobile Manufacturers Association is scheduled to issue Europe's new car registrations data for June. Sales had gained 0.1 percent on year in May.
Singapore Exports Decline More-Than-Forecast
Wed, 17 Jul 2019 04:33:47 GMT
Singapore's exports declined sharply at a faster-than-expected pace in June as trade disputes weighed heavily on both electronics and non-electronics shipments, data from Enterprise Singapore showed Wednesday. Non-oil domestic exports declined 17.3 percent year-on-year in June, after decreasing 16.3 percent in May. Exports were forecast to fall moderately by 9.6 percent.
Dollar Extends Gains On Buoyant Retail Sales Data
Tue, 16 Jul 2019 21:03:09 GMT
The U.S. dollar advanced against major currencies on Tuesday, extending gains from previous session, after strong retail sales data dimmed chances of a deep cut in interest rates later this month.
U.S. Business Inventories Rise Slightly Less Than Expected In May
Tue, 16 Jul 2019 14:58:52 GMT
The Commerce Department released a report on Tuesday showing U.S. business inventories increased by slightly less than expected in the month of May. The report said business inventories rose by 0.3 percent in May after climbing by 0.5 percent in April. Economists had expected inventories to rise by 0.4 percent.
U.S. Homebuilder Confidence Unexpectedly Improves In July
Tue, 16 Jul 2019 14:56:58 GMT
Homebuilder confidence has unexpectedly shown a modest improvement in the month of July, according to a report released by the National Association of Home Builders on Tuesday. The report said the NAHB/Wells Fargo Index inched up to 65 in July after dropping to 64 in June. Economists had expected the index to come in unchanged.
U.S. Industrial Production Unexpectedly Flat Amid Steep Drop In Utilities Output
Tue, 16 Jul 2019 14:11:09 GMT
With a steep drop in utilities output offsetting increases in manufacturing and mining output, the Federal Reserve released a report on Tuesday showing U.S. industrial production was unexpectedly flat in the month of June. The Fed said industrial production was unchanged in June after climbing by 0.4 percent in May.
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