Economic News

Mexico's economy growth improved in the third quarter, in line with economists' expectations, and at the fastest pace in nearly two years, preliminary data from the statistical office INEGI showed Friday. Gross domestic product rose an unadjusted 2.2 percent year-on-year following 1.6 percent increase... Read more...
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China's central bank on Friday unexpectedly cut its key interest rates for the first time in more than two years in a bid to boost sagging growth momentum. The People's Bank of China reduced the one-year lending rate by 40 basis points to 5.6 percent. The one-year deposit rate was cut by 25 basis points to 2.75 percent. Read more...
China's central bank on Friday unexpectedly cut its key interest rates for the first time in more than two years in a bid to boost growth momentum. The People's Bank of China reduced the one-year lending rate by 40 basis points to 5.60 percent and the one-year deposit rate was cut by 25 basis points... Read more...
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Pointing to continued economic growth through the holiday season and into early 2015, the Conference Board released a report on Thursday showing that its index of leading U.S. economic indicators rose by more than anticipated in the month of October. Read more...
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After reporting a modest slowdown in the pace of growth in regional manufacturing activity in the previous month, the Federal Reserve Bank of Philadelphia released a report on Thursday showing that its index of manufacturing activity jumped to its highest level in over twenty years in November. Read more...
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Existing home sales in the U.S. unexpectedly showed a notable increase in the month of October, according to a report released by the National Association of Realtors on Thursday. NAR said existing home sales climbed 1.5 percent to a seasonally adjusted annual rate of 5.26 million in October. Read more...
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Iceland's wages grew at a slightly slower pace in October, Statistics Iceland reported Friday. Wages gained 0.6 percent month-on-month in October following a 0.7 percent rise in September. Meanwhile, annual growth accelerated to 6.6 percent from 6.2 percent a month ago. Real wages were up 0.5 percent... Read more...
Lithuania's industrial production in October increased from a year ago, figures from Statistics Lithuania showed Friday. The industrial production index advanced a working-day adjusted 1.2 percent year-on-year in October. Production in the manufacturing sector grew by 2.3 percent in October. On... Read more...
The leading index for Germany remained flat in September, figures from the Conference Board showed Friday. The leading index was unchanged month-over-month in September after the 1.3 percent decline in August. Four out of the seven sub-indices increased in September. The coincident index, a... Read more...

Moody's Investors Service said outlook for the Philippine banking system remains positive over the next 12-18 months. The outlook reflects the agency's expectation that robust economic growth and low banking-sector penetration will continue to support sustainable credit growth, Moody's said Friday. "The... Read more...
Malaysia's consumer prices rose less than expected in October despite a notable increase in transportation cost, official data revealed Friday. Consumer prices rose 2.8 percent in October from last year, the Department of Statistics said. Inflation was forecast to accelerate to 3 percent from 2.6... Read more...
Japan's finance minister Taro Aso said on Friday in a speech that the country's currency has been weakening too fast over the past week. He said that sudden changes, whether up or down, are not welcome. However, he maintained his earlier stance, dismissing the need for the government to intervene. He... Read more...
Brazilian business confidence rose for a second straight month in October, survey data from the think tank FGV showed Friday. The business confidence index rose to 85.8 from 82.6 in October. It was the strongest reading since June, when the score was 87.2. The current conditions index surged... Read more...
British government borrowing in October decreased from a year ago and was in line with economists' expectations, figures from the Office for National Statistics showed Friday. Public sector net borrowing excluding interventions was GBP 7.7 billion in October, down 2.4 percent from GBP 7.9 billion... Read more...
Hourly wages in Italy increased in October, a report from the statistical office ISTAT showed Friday. Wages rose 0.1 month-on-month in October after remaining unchanged in September, August and July. Annually, wages rose 1 percent, slower than the 1.1 percent growth in September. Among the major... Read more...
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...
The current targeted approach of the People's Bank of China remains consistent with its goal of keeping borrowing costs low and also addresses credit risks and slowing the pace of credit growth, Julian... Read more...
Time (et)
Economic Indicator
Period
Actual
Forecast
Previous
Country
Monday ,Nov.24
04:00
Germany IFO - Business Climate
NOV
102.85
103.2
Germany
04:00
Germany IFO - Current Assessment
NOV
108
108.4
Germany
04:00
Germany IFO - Expectations
NOV
99
98.3
Germany
06:00
Consumer Confidence Index
NOV
 
101.5
Brazil
07:30
Current Account Balance - BoP
OCT
$ -7.2 B
$ -7.91 B
Brazil
07:30
Capital Account Balance - BoP
OCT
 
$ 26 M
Brazil
09:45
PMI Services
NOV P
 
57.1
United States
18:50
Monetary Policy Meeting Minutes
-
 
-
Japan
21:00
CB Coincidence Index
OCT
 
0.5 %
China
21:00
CB Leading Index
OCT
 
0.9 %
China

The major U.S. index futures are pointing to a notably higher opening on Friday, with sentiment getting a shot in the arm from the Chinese central bank’s decision to lower interest rates for the first time in more than 2 years. Meanwhile, across the Atlantic, the mood became buoyant after European Central...