logo

Economic News

Share SHARE

The Bank of England plans to raise capital requirement of lenders amid consumer credit growth. The Financial Policy Committee would lift the countercyclical capital buffer to 0.5 percent from zero percent, with effect from June 2018. In the absence of any material change in the outlook, the bank... Read more...

Draghi-062717.jpg

The European Central Bank will need to be prudent in withdrawing monetary stimulus as that can be done only gradually with the euro area still in need of considerable policy support to bring inflation back to target in a sustainable way, ECB President Mario Draghi said Tuesday. Read more...

Chinese Premier Li Keqiang said the economy is capable of achieving major growth target this year. The economy maintained a steady growth in the second quarter, he said at the World Economic Forum's Annual Meeting of the New Champions 2017. The government targets about 6.5 percent economic growth... Read more...

New orders for U.S. manufactured durable goods fell by more than expected in the month of May, according to a report released by the Commerce Department on Monday. The report said durable goods orders tumbled by 1.1 percent in May after slumping by 0.9 percent in April. Economists had expected orders... Read more...

New orders for U.S. manufactured durable goods fell by more than expected in the month of May, according to a report released by the Commerce Department on Monday. Read more...

Bank of America Merrill Lynch has downgraded its outlook on U.S. gross domestic product in 2018 to 2.1 percent from an earlier forecast of 2.5 percent. "Hopes for a big fiscal stimulus have faded, prompting us to remove most of the fiscal impulse from our forecast for growth next year," Michelle Meyer,... Read more...

More

Denmark's retail sales remained flat in May after rising in the previous four months, preliminary data from Statistics Denmark showed Tuesday. Retail sales showed no variations in May, following a 0.2 percent increase in April. Sales of food and other groceries dropped 0.3 percent monthly in May.... Read more...

Sweden's producer prices increased at a steady pace in May, figures from Statistics Sweden showed Tuesday. Producer prices climbed 7.2 percent year-over-year in May, the same rate of rise as in April. The measure has been rising since October last year. Prices on the export and the import market... Read more...

British retailers reported an increase in sales volume in June, the Distributive Trades Survey from the Confederation of British Industry showed Tuesday. Looking ahead, growth in volumes of sales is expected to stall in the year to July, while orders are also expected to be flat. The retail sales... Read more...

More

Australia's consumer confidence declined for the second straight time during the week ended June 25, a weekly survey compiled by the ANZ bank and Roy Morgan Research showed Tuesday. The consumer confidence index fell to 111.8 from 112.4 in the preceding month. Households' view around current financial... Read more...

China's industrial profit growth accelerated in May from a year ago, figures from the National Bureau of Statistics showed Tuesday. Industrial profits grew at a faster pace of 16.7 percent year-over-year in May, following a 14.0 percent spike in April. During the first five months of 2017, total... Read more...

South Korea's consumer confidence improved for the fifth successive month in June, survey data from Bank of Korea showed Tuesday. The consumer sentiment climbed to 111.1 in June fro 108.0 in the preceding month. Moreover, the latest reading was the highest since January 2011. The survey was... Read more...

More

Italy's consumer confidence improved more-than-expected in June, while business confidence rose marginally, survey data from the statistical office Istat showed Tuesday. The consumer confidence index climbed to 106.4 in June from 105.4 in May. Economists had expected the index to increase to 105.8. The... Read more...

A considerable degree of monetary accommodation is still required for underlying inflation pressures to build up, European Central Bank President Mario Draghi said at the ECB Forum on Central Banking on Tuesday. Factors that are now weighing on the path of inflation are mainly temporary that the... Read more...

Sweden's foreign trade balance turned to a surplus in May from a deficit in the previous year, as exports grew faster than imports, figures from Statistics Sweden showed Tuesday. The trade surplus came in at SEK 2.8 billion in May versus a deficit of SEK 3.6 billion in the corresponding month last... Read more...

More

The improvement in the economic sentiment suggest strong and broad-based growth in the Swedish economy over the coming months of 2017, consistent with an acceleration in wage growth and a pick-up in underlying... Read more...

Hungary's monetary policy is set to remain extremely loose over the rest of this year, as policymakers are as yet untroubled by growing signs of capacity constraints, William Jackson, an economist at Capital... Read more...

The Turkish central bank is unlikely to cut its policy rates this year amid high inflation and strong GDP growth, William Jackson, an economist at Capital Economics, said. The central bank kept its... Read more...

Time (et)
Economic Indicator
Period
Actual
Forecast
Previous
Country
Tuesday ,Jun.27
Capital Account Balance - BoP
MAY
$ 12 M
 
$ 11 M
Brazil
Current Account Balance - BoP
MAY
$ 2.88 B
 
$ 1.15 B
Brazil
09:00
S&P/Case-Shiller Home Price Index
APR
188.50
 
186.95
United States
10:00
Consumer Confidence Index
JUN
 
116
117.9
United States
More

Modest Weakness May Be Visible In Early Trading On Wall Street

The major U.S. index futures are pointing to a modestly lower opening on Tuesday following the lackluster performance seen in the previous session. A drop by shares of Alphabet (GOOGL) may weigh on the tech-heavy Nasdaq, with the parent of Google sliding by 1.3 percent in pre-market trading. The...
More