European equities recovered in afternoon trade Thursday after President Donald trump tweeted that the U.S. was œgetting very close to a trade deal with China. Earlier Thursday, stocks had recorded minimal losses after the European Central Bank (ECB) kept its rates unchanged following new...
Voters in Britain are casting ballots Thursday in an early general election that may bring a long-awaited resolution to the departure from the European Union they approved in a 2016 referendum. Prime Minister Boris Johnson focused his campaigning efforts on a slogan to "Get Brexit Done." He says...
U.S. stock benchmarks carved out fresh intraday all-time highs Thursday morning, reversing premarket losses, after President Donald Trump tweeted that the U.S. is œgetting very close to a big deal with China, signaling that tariffs set to go into effect Sunday may be avoided. The Dow Jones...
A report on the health of China™s manufacturing sector improved in September, although it was still below the line indicating contraction.
The manufacturing purchasing...
The U.S. trade deficit narrowed in April as both exports and imports tumbled, highlighting the impact of President Donald Trump™s tariffs even before negotiations with China unraveled and he...
Output from Germany's private sector remained unchanged in June, as a decline in manufacturing was offset by continued growth in services.
A flash reading of the country's composite Purchasing...
Presiden AS Donald Trump mengatakan China telah setuju untuk "mengurangi dan menghapus" tarif terhadap mobil-mobil Amerika dari 40 persen saat ini.
Dia tidak memberikan rincian lain dalam tweet-nya...
A key measure of U.S. consumer prices remained subdued in November, bolstering widespread expectations Federal Reserve policy makers will hold the line on interest rates. The core consumer price index, which excludes volatile food and energy costs, rose 0.2% for a second month, and 2.3% from a year earlier, a Labor Department report showed Wednesday. Those figures matched the median estimates in a Bloomberg survey of economists. The broader CPI increased 0.3%, and 2.1% from November 2018. The contained pace of inflation supports forecasts that the Fed will hold interest rates steady when policy makers convene this afternoon. Central bankers have cut borrowing costs...
Australia core inflation remained sluggish in the three months through September, underscoring the central banks challenge to reignite prices in the economy. The trimmed-mean gauge, a key core measure, gained 0.4% from the prior quarter and 1.6% from a year earlier, matching economists estimates. Headline inflation rose 0.5% in the third quarter from three months earlier and 1.7% from...
The Conference Board's (CB) Consumer Confidence Index fell to 125.9 in October from 126.3 in September (revised from 125.1) and missed the market expectation of 128. With the initial market reaction, the US Dollar Index lost its traction and was last seen down 0.03% on the day at 97.71. Below are key takeaways from the CB's press release, as reported by Reuters. "Consumer Present Situation...
Employment in Germany's private sector fell for the first time in six years in October, a survey showed on Thursday, suggesting that a third-quarter slowdown in Europe's largest economy could stretch into the closing months of the year. Markit's flash Purchasing Managers' Index (PMI) survey showed that the slight fall in employment was mainly the result of job losses in the manufacturing...
French business activity picked up more than expected in October, boosted mainly by a firmer service sector but also by resilient manufacturing, a monthly survey showed on Thursday. Data compiler IHS Markit said its preliminary composite purchasing managers index rose to 52.6 points from 50.8 last month, topping economists' average estimate for 51.0. The unexpectedly strong improvement brought...
China's economy slowed sharply in the third quarter, courtesy of the trade tensions with the US, the official data released at 02:00 GMT showed. The annualised third quarter gross domestic product (GDP) came in at 6%, missing the forecasted print of 6.1% and down from the preceding quarter's GDP of 6.2%. However, the Industrial Production rose 5.8% year-on-year in September, beating the...
The Philadelphia Federal Reserve said Thursday its gauge of business activity fell to 5.6 in October from 12 in September. Economists polled by Econoday expected a 7.1 reading. Any reading above zero indicates improving conditions. The barometers on new orders and shipments were mixed. The new orders gauge rose to 26.2 from 24.8 while shipments dipped to 18.9 from 26.4. Employment readings rose...
British shoppers grew more cautious about their spending in the three months to September despite enjoying real growth in their wages, raising concerns about the health of the economy in the run-up to Brexit. Consumer spending has been the biggest driver of British economic growth since June 2016's referendum to leave the European Union, but there have been increasing signs that this is...
Markets are looking for the Reserve Bank of Australia to cut again, potentially as soon as next month, so today's labour force survey for September will be very closely watched (Markets are pricing 10bp of easing at the 5 Nov RBA meeting, and a terminal rate of 0.44% (RBA cash rate currently at 0.75%). Australia Sept Employment +14.7k (Reuters poll: +15.0k) - A miss. Australia Sept...
Sales at U.S. retailers fell in September for the first time in seven months as most stores posted lower receipts, signaling that a widely expected slowdown in consumer spending is underway. Retail sales fell 0.3% last month, the government said Thursday, ending a streak of six straight strong gains that helped to fuel economic growth in the middle of the year. Economists polled by MarketWatch...
European equities recovered in afternoon trade Thursday after President Donald trump tweeted that the U.S. was œgetting very close to a trade deal with China. Earlier Thursday, stocks had recorded minimal losses after the European Central Bank (ECB) kept its rates unchanged following new...
Voters in Britain are casting ballots Thursday in an early general election that may bring a long-awaited resolution to the departure from the European Union they approved in a 2016 referendum. Prime Minister Boris Johnson focused his campaigning efforts on a slogan to "Get Brexit Done." He says...
U.S. stock benchmarks carved out fresh intraday all-time highs Thursday morning, reversing premarket losses, after President Donald Trump tweeted that the U.S. is œgetting very close to a big deal with China, signaling that tariffs set to go into effect Sunday may be avoided. The Dow Jones...
A report on the health of China™s manufacturing sector improved in September, although it was still below the line indicating contraction.
The manufacturing purchasing...
The U.S. trade deficit narrowed in April as both exports and imports tumbled, highlighting the impact of President Donald Trump™s tariffs even before negotiations with China unraveled and he...
Output from Germany's private sector remained unchanged in June, as a decline in manufacturing was offset by continued growth in services.
A flash reading of the country's composite Purchasing...
Presiden AS Donald Trump mengatakan China telah setuju untuk "mengurangi dan menghapus" tarif terhadap mobil-mobil Amerika dari 40 persen saat ini.
Dia tidak memberikan rincian lain dalam tweet-nya...