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Belgium's consumer confidence rose for the first time in three months in May to reach its highest level in four years, on the back of significant improvement in the macroeconomic outlook during the month, the National Bank of Belgium said Friday. The consumer confidence indicator climbed to -3 from... Read more...

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Consumer prices in the U.S. rose in line with economist estimates in the month of April, according to a report released by the Labor Department on Friday, although the report also showed a bigger than expected increase in core prices. Read more...

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European Central Bank President Mario Draghi reiterated on Friday that euro area economic conditions have improved, indicating a cyclical recovery, and urged the region's governments to make progress on structural reform that is essential to sustain the momentum. "The economic outlook for the euro area is brighter today than it has been for seven long years," he said. Read more...

The Federal Reserve will likely raise interest rates this year, as long as economic activity picks up, Federal Reserve Chairwoman Janet Yellen said Friday. From there, the pace of future hikes will be gradual, she added. In a speech to the Chamber of Commerce in Providence, R.I., Yellen said transitory... Read more...

Capital Economics expects global growth to pick up in the second quarter after a soft patch at the beginning of the year, with the expectations attributed to the results of the preliminary purchasing managers' surveys for May. "We still think activity will rebound strongly in the U.S., but we expect... Read more...

The eurozone will survive the current Greek crisis thanks in large part to bold measures taken by the European Central Bank, said Federal Reserve Vice Chair Stanley Fischer on Thursday. However, in the longer term, "the European monetary union will not survive unless it brings prosperity to its members,'... Read more...

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Bank of England Deputy Governor Minouche Shafik said productivity growth is likely to resume and factors pulling inflation down could be temporary. "I think it is reasonable to expect that resumption in productivity growth to come over the next year or so as the continued narrowing of slack in the... Read more...

Turkey's manufacturing capacity utilization climbed for the second straight month in May, figures from the central bank showed Friday. The capacity utilization rate rose to 74.9 percent in May from 74.1 percent in the previous month. The latest figure was the highest since October last year, when... Read more...

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German business confidence weakened marginally from a 10-month high in May and the economy grew at a slower pace in the first quarter, as initially estimated, revealed two separate reports released Friday. The business confidence index fell less-than-expected to 108.5 in May from 108.6 in April, according to a survey by Munich-based Ifo Institute. This was the first fall in seven months but the i Read more...

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Taiwan's economy grew slower than initially estimated in the first quarter and the government forecast slower growth for the year, a report from the Directorate General of Budget, Accounting & Statistics showed Friday. Gross domestic product grew 3.37 percent in the first quarter from last year, revised... Read more...

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The Bank of Japan refrained from easing monetary stimulus further as policymakers assessed that faster economic growth in the first quarter warrants no more immediate actions. The Policy Board of the BoJ governed by Haruhiko Kuroda decided by an 8-1 majority vote to maintain its target of raising the monetary base at an annual pace of about JPY 80 trillion. Read more...

Sri Lanka's central bank kept its key rates at record lows, as expected in May, following the reduction in policy rates by 50 basis points in April, the monetary policy statement released by the Central Bank of Sri Lanka showed on Friday. The Monetary Board of the Central Bank of Sri Lanka maintained... Read more...

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Iceland's wage growth eased for the second straight month in April and reached a 10-month low, figures from Statistics Iceland showed Friday. The wage index increased 5.2 percent year-over-year in April, slower than March's 5.6 percent climb. The latest rate of growth was the slowest since May last... Read more...

Italy's retail sales dropped unexpectedly in March, after staying flat in the previous month, figures from the statistical office Istat showed Friday. Retail sales fell 0.2 percent year-over-year in March, defying economists' expectations for a 0.4 percent climb. In February, sales showed no variations,... Read more...

Greece's current account deficit in March increased from a year ago, figures from the Bank of Greece showed Friday. The current account deficit widened to EUR 404.1 million in March from EUR 88.4 million in the same month of the previous year. The goods trade deficit narrowed to EUR 1.01 billion... Read more...

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IHS Global Insight expects the United Kingdom's gross domestic product (GDP) growth for the first quarter to be revised up and is upbeat largely about growth prospects over the rest of 2015. "We expect... Read more...

Capital Economics expects global growth to pick up in the second quarter after a soft patch at the beginning of the year, with the expectations attributed to the results of the preliminary purchasing managers'... Read more...

Commenting on the HSBC China manufacturing PMI report, Capital Economics said the Chinese growth outlook appears to be improving, at least in the near term, as further policy support measures are likely... Read more...

Consolidation Likely Ahead of Long Weekend

The major U.S. index futures are pointing to a slightly lower opening on Friday, with sentiment reflecting nervousness of traders in the final trading session of the week ahead of Monday’s Memorial Day holiday. The dollar is back on its way higher following the release of the consumer price inflation...
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Time (et)
Economic Indicator
Period
Actual
Forecast
Previous
Country
Sunday ,May.24
19:50
Exports
APR
 
 
8.5 %
Japan
19:50
Imports
APR
 
 
-14.5 %
Japan
19:50
Trade Balance
APR
 
¥ -426.3 B
¥ 229 B
Japan
Monday ,May.25
03:00
PPI (M-o-M)
APR
 
 
0.2 %
Spain
03:00
PPI (Y-o-Y)
APR
 
 
-1.2 %
Spain
More