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UK mortgage approvals declined slightly in April, figures from the British Bankers' Association showed Thursday. The number of mortgages approved for house purchases fell to 40,750 in April from 40,872 in March. Gross mortgage borrowing in April totaled GBP 13.4 billion much in line with recent... Read more...

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New Zealand Finance Minister Steven Joyce unveiled the 2017 budget in the election year, giving priority to family income and investment. In his first budget speech on Thursday, Joyce said the fiscal position continues to improve. The budget is set to log a NZ$1.6 billion surplus this year and NZ$2.9 billion surplus in the year to June 2018, he said. Read more...

Thailand's central bank left its key interest rate unchanged again in May, saying that the improved growth outlook was still subjected to risks that warranted close monitoring. The Monetary Policy Committee voted unanimously to maintain the policy rate at 1.50 percent, the Bank of Thailand said in... Read more...

The Federal Reserve is on track to raise interest rates this summer, most likely in June, according to the minutes of the central bank's May 2-3 meeting. "Several" voting members at the Fed eye a faster pace of rate hikes over the medium-term, while a "couple" others say slower pace may be best. In... Read more...

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Existing home sales in the U.S. pulled back by more than anticipated in the month of April, according to a report released by the National Association of Realtors on Wednesday. NAR said existing home sales fell by 2.3 percent to an annual rate of 5.57 million in April. Read more...

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After reporting an unexpected jump in U.S. new home sales in the previous month, the Commerce Department released a report on Tuesday showing a substantial pullback in new home sales in the month of April. The Commerce Department said new home sales plunged by 11.4 percent to an annual rate of 569,000. Read more...

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Italy's industrial orders decreased in March after rebounding in the previous month, data from the statistical office Istat showed Thursday. Industrial orders fell a seasonally adjusted 4.2 percent month-over-month in March, reversing a 5.2 percent rise in February. Export orders dropped sharply... Read more...

The UK economy expanded less than previously estimated in the first quarter, the second estimate from the Office for National Statistics showed Thursday. Gross domestic product grew 0.2 percent sequentially in the first quarter instead of 0.3 percent estimated on April 28. A similar slower growth... Read more...

Poland's unemployment rate decreased for the third straight month in April, in line with expectations, figures from the Central Statistical Office showed Thursday. The registered jobless rate fell to 7.7 percent in April from 8.1 percent in March. The figures also matched consensus estimated. In... Read more...

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Hong Kong's foreign trade deficit increased in April from a year ago, as imports grew faster than exports, figures from the Census and Statistics Department showed Thursday. The trade deficit rose to HK$34.1 billion in April from HK$31.02 billion in the corresponding month last year. However, it was... Read more...

Singapore's gross domestic product climbed 2.7 percent on year in the first quarter of 2017, the Ministry of Trade and Industry said in Thursday's final revision. That's up from April's advance estimate that called for a 2.5 percent gain, although it was still down from 2.9 percent in the previous... Read more...

The Bank of Korea will wrap up its monetary policy meeting on Thursday and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The central bank is widely expected to keep its benchmark lending rate unchanged at 1.25 percent. Hong Kong will... Read more...

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Spain's economic growth improved slightly, as estimated, in the first quarter, final data from the statistical office INE showed Thursday. Gross domestic product grew 0.8 percent sequentially in the first quarter, in line with preliminary estimate. The pace of expansion accelerated from 0.7 percent... Read more...

Quarterly national accounts from the UK is due on Thursday, headlining a light day for the European economic news. At 3.00 am ET, Spain's final GDP data is due. The statistical office is expected to confirm 0.8 percent sequential growth in the first quarter. At 4.00 am ET, Poland's unemployment... Read more...

The unwarranted side-effects from the unconventional monetary policy have so far remained limited and hence, there was no need to change the policy path currently being projected, European Central Bank President Mario Draghi said Wednesday. "When we introduced unconventional policy instruments in... Read more...

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Russia's economic growth will continue to edge up over the coming quarters of this year as lower inflation and looser monetary policy strengthen demand, Capital Economics economist Neil Shearing said. Official... Read more...

Eurozone consumers are set to keep spending at a decent rate despite higher inflation eating into their purchasing power, IHS Markit economist Howard Archer said. Official data from the European Commission... Read more...

Malaysia's economic growth is likely to accelerate in the coming quarters, underpinned by robust global demand, loose monetary policy and a recovery in energy prices, Alex Holmes, an economist at Capital... Read more...

Time (et)
Economic Indicator
Period
Actual
Forecast
Previous
Country
Thursday ,May.25
03:00
GDP (Q-o-Q)
Q1 F
0.8 %
0.8 %
0.8 %
Spain
03:00
GDP (Y-o-Y)
Q1 F
3.0 %
3 %
3.0 %
Spain
04:30
GDP (Q-o-Q)
Q1
0.2 %
0.3 %
0.3 %
UK
04:30
GDP (Y-o-Y)
Q1
2.0 %
2.1 %
2.1 %
UK
04:30
BBA Loans for House Purchase
APR
40.8 K
 
41.1 K
UK
08:30
Non-Farm Payroll (M-o-M)
MAR
 
 
64.5 K
Canada
08:30
Initial Jobless Claims
MAY 20
 
235 K
232 K
United States
19:30
Core CPI (M-o-M)
APR
 
 
-0.1 %
Japan
19:30
CPI (M-o-M)
APR
 
 
-0.1 %
Japan
19:30
CPI (Y-o-Y)
APR
 
0.35 %
0.2 %
Japan
19:30
Tokyo Core CPI (Y-o-Y)
APR
 
-0.1 %
0.2 %
Japan
19:30
Tokyo CPI (Y-o-Y)
APR
 
0.4 %
-0.1 %
Japan
19:50
Retail Trade (Y-o-Y)
APR
 
 
2.1 %
Japan
19:50
Large Retailers' Sales
APR
 
 
6.1 %
Japan
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Fed Minutes Likely To Be In Focus On Wall Street

The major U.S. index futures are pointing to a modestly higher opening on Wednesday after stocks closed higher for four consecutive sessions. The markets may continue to benefit from the upward momentum seen in the days following the sell-off last Wednesday, which many traders felt was overdone. Early...
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