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Economic News

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First-time claims for U.S. unemployment benefits unexpectedly increased in the week ended November 22nd, according to a report released by the Labor Department on Wednesday. The report said initial jobless claims rose to 313,000, an increase of 21,000 from the previous week's revised level of 292,000. Read more...

European Central Bank Vice President Vitor Constancio said the bank will assess next quarter whether to start buying sovereign bonds. "During the first quarter of next year, we will be able to gauge better" whether the current measures will be sufficient to raise the balance sheet to its early 2012... Read more...

Confidence among Japanese small and medium sized enterprises improved marginally in November, survey data released by the Shoko Chukin Bank showed Wednesday. The small business confidence index rose to 47.7 in November from 47.4 in the prior month. The score was forecast to climb marginally to 47.5. The... Read more...

New home sales in the U.S. saw a modest increase in the month of October, according to a report released by the Commerce Department on Wednesday. Read more...

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Personal income in the U.S. rose by less than expected in the month of October, according to a report released by the Commerce Department on Wednesday. The increase in personal spending also fell short of economist estimates. Read more...

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After reporting an unexpected drop in new orders for U.S. manufactured durable goods in the previous month, the Commerce Department released a report on Wednesday showing that durable goods orders unexpectedly rebounded in the month of October. Read more...

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The U.K. economy registered robust growth as estimated in the third quarter as strength in consumer spending offset the weakness in exports and business investment. Gross domestic product grew 0.7 percent sequentially in the third quarter, unrevised from the previous estimate published on October 24, second estimates from the Office for National Statistics showed Wednesday. Read more...

British retail sales growth is expected to accelerate once gain in the crucial Christmas run up, the latest Distributive Trades survey from the Confederation of British Industry showed Wednesday. About 44 percent of respondents reported that sales volumes were up on a year ago, while 17 percent said... Read more...

Italian consumer confidence weakened to a 9-month low in November, survey data from the statistical office Istat showed Wednesday. The consumer confidence index fell unexpectedly to 100.2 in November from a revised score of 101.3 in October. This was the lowest score since last February. Economists... Read more...

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Singapore industrial production rose less than expected in October, following a decline in the previous month, figures from the Economic Development Board showed Wednesday. Industrial output edged up 0.2 percent year-on-year in October, in contrast to a 1.0 percent drop in September. Economist had... Read more...

Bank of Japan Policy Board Member Sayuri Shirai said additional action was required to ensure the path toward the 2 percent price stability and to maintain the credibility of the central bank. At a meeting with business leaders in Hiroshima, Shirai said together with the CPI inflation some indicators... Read more...

The value of total construction work done in Australia dropped in the third quarter, preliminary figures from Australian Bureau of Statistics showed Wednesday. Total construction work done dropped a seasonally adjusted 2.2 percent sequentially in the third quarter. Economist had forecast a 1.9 percent... Read more...

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Personal income in the U.S. rose by less than expected in the month of October, according to a report released by the Commerce Department on Wednesday. The increase in personal spending also fell short of economist estimates. Read more...

After reporting an unexpected drop in new orders for U.S. manufactured durable goods in the previous month, the Commerce Department released a report on Wednesday showing that durable goods orders unexpectedly rebounded in the month of October. Read more...

First-time claims for U.S. unemployment benefits unexpectedly increased in the week ended November 22nd, according to a report released by the Labor Department on Wednesday. Read more...

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Weak Eurozone activity is clearly having a limiting impact on foreign demand for U.K. manufacturing goods and the recent strength of the pound has not helped UK manufacturing exports, IHS Global Insight's... Read more...

Lackluster Data May Temper Market Mood

The major U.S. index futures are pointing to a roughly flat opening on Wednesday, with sentiment reflecting negativity amid the release of some sour domestic data. Jobless claims climbed strongly, and notwithstanding a better than expected headline number, the inner details of the durable goods orders...
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Time (et)
Economic Indicator
Period
Actual
Forecast
Previous
Country
Wednesday ,Nov.26
02:00
Import Price Index (M-o-M)
OCT
-0.3 %
 
0.3 %
Germany
02:00
UBS Consumption Indicator
OCT
1.29
 
1.39 (R)
Switzerland
02:45
Consumer Confidence Index
NOV
87
84.67
85
France
04:00
CB Coincidence Index
OCT
0.2 %
 
-0.1 (R) %
Eurozone
04:00
CB Leading Index
OCT
-0.2 %
 
0.1 (R) %
Eurozone
04:30
GDP (Q-o-Q)
Q3
0.7 %
0.7 %
0.9 %
UK
04:30
GDP (Y-o-Y)
Q3
3.1 %
3 %
3.2 %
UK
08:30
Durable Goods Orders (M-o-M)
OCT
0.4 %
-0.25 %
-0.9 (R) %
United States
08:30
Durable Goods Orders Ex. Transportation (M-o-M)
OCT
-0.9 %
0.55 %
0.2 (R) %
United States
08:30
Personal Income (M-o-M)
OCT
0.2 %
0.39 %
0.2 %
United States
08:30
Personal Spending (M-o-M)
OCT
0.2 %
0.35 %
0.0 (R) %
United States
08:30
Core PCE Deflator (M-o-M)
OCT
0.2 %
0.12 %
0.1 %
United States
08:30
Core PCE Deflator (Y-o-Y)
OCT
1.6 %
1.55 %
1.5 %
United States
08:30
PCE Deflator (M-o-M)
OCT
0.1 %
0.05 %
0.1 %
United States
08:30
PCE Deflator (Y-o-Y)
OCT
1.4 %
1.4 %
1.4 %
United States
08:30
Initial Jobless Claims
NOV 22
313 K
283.5 K
292 (R) K
United States
09:45
Chicago PMI
NOV
60.8
62.82
66.2
United States
09:55
Univ. of Mich. Consumer Confidence Index
NOV
88.8
89.68
86.9
United States
10:00
New Home Sales - Units
OCT
458 K
472 K
455 (R) K
United States
10:00
Pending Home Sales (M-o-M)
OCT
-1.1 %
0.5 %
0.6 (R) %
United States
10:00
Pending Home Sales (Y-o-Y)
OCT
2.2 %
4.1 %
1.0 %
United States
10:30
EIA Crude Oil Inventory (Barrels)
NOV 21
 
 
381.1 M
United States
12:00
EIA Natural Gas Inventory (Cubic Feet)
NOV 21
 
 
3594 B
United States
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