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ECONOMIC NEWS
May 22, 2012-02:41 AM ET
Japan's supermarket sales dropped 1.9 percent in April from a year ago, the Japan Chain Stores Association said Tuesday. Read more...
May 21, 2012-06:26 AM ET
Federal Reserve Bank of Atlanta President Dennis Lockhart said Monday that QE3 will work under the right circumstances. "But I don't believe such circumstances prevail at this time." Read more...
May 20, 2012-07:53 PM ET
The average asking price for a house in the United Kingdom was up 2.0 percent on year in May, property tracking website Rightmove said on Monday - easing from the 3.4 percent increase in April. On a monthly basis, house prices were flat following the 2.9 percent jump in the previous month. Rightmove... Read more...
US / CANADA
May 21, 2012-12:40 PM ET
Finance Minsters of France and Germany have agreed that Greece should stay in the eurozone. France's new finance minister Pierre Moscovici and his German counterpart Wolfgang Schaeuble made the stand of their governments clear at a joint news conference in Berlin after holding talks in the German... Read more...
weekahead-051812.jpg May 21, 2012-06:19 AM ET
The Greek crisis continued to roil the markets last week and is expected to have a lasting impact on the markets at least in the near to medium term. Even if European leaders opt to ease bailout norms for Greece, it may serve only to reduce the nation's travails, as it continues to face unsustainable and significant current account deficit. The austerity measures the nation has embraced had done little to alleviate its debt burden, while also having a negative influence on growth. Read more...
May 21, 2012-04:33 AM ET
The U.S. labor market is set to strengthen this year, a survey published by the National Association for Business Economics said Monday. Read more...
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EUROPE
May 22, 2012-04:18 AM ET
Norway's economic growth accelerated in the first quarter, Statistics Norway said Tuesday. Read more...
May 22, 2012-04:15 AM ET
Bulgaria's unemployment rate increased from last year in the first quarter, data released by the National Statistical Institute showed Tuesday. The unemployment rate advanced to 12.9 percent in the first quarter from 12.2 percent in the same quarter last year. The unemployment rate among youth, aged... Read more...
May 22, 2012-04:11 AM ET
The Organization for Economic Co-operation and Development (OECD) on Tuesday downgraded the economic outlook for Eurozone this year, but remained optimistic over the economy's prospects in 2013. OECD said the euro area economy may contract 0.1 percent in 2012, compared to the 0.2 percent growth projected... Read more...
ASIA
May 22, 2012-01:38 AM ET
Total foreign assets held by Japan climbed 3.3 percent year-on-year to JPY 582.05 trillion, data released by the Ministry of Finance showed Tuesday. Japan remained the world's largest creditor country with Japan's net foreign assets remaining almost steady at JPY 253 trillion. Foreign investors stepped... Read more...
May 22, 2012-01:01 AM ET
Japanese Finance Minister Jun Azumi reportedly said Tuesday that he believes the Bank of Japan will take "appropriate" policy measures amid difficult economic conditions both at home and abroad. The Policy Board of the BoJ will begin its two-day monetary policy meeting on Tuesday. The bank is widely... Read more...
May 22, 2012-12:58 AM ET
South Korea's external debt increased to a record high in the first quarter as foreign investors purchased local bonds, the Bank of Korea said Tuesday. Read more...
GLOBAL ECONOMICS
May 22, 2012-03:47 AM ET
Confidence among Dutch households deteriorated in May, after improving in the previous month, data released by the Central Bureau of Statistics showed Tuesday. The consumer confidence index dropped to -38 in May From -32 in April. In March, the reading was -39. Households were slightly less pessimistic... Read more...
May 22, 2012-03:28 AM ET
South Africa's leading economic index increased modestly from the previous month in March, data from a survey by the South African Reserve Bank showed Tuesday. The leading economic index advanced to 134.5 in March from 134.4 in February. In January, the reading was 132.9. Five of the ten components... Read more...
May 22, 2012-03:13 AM ET
Denmark's consumer confidence deteriorated in May, after improving in the previous month, data released by Statistics Denmark showed Tuesday. The consumer confidence index, which reflects households' views of the current and economic situation, dropped to -0.4 in May from 0.6 in April. Consumers... Read more...
ANALYSTS COMMENTS
May 21, 2012-09:18 AM ET
Thailand's recovery is set to lose momentum in the coming quarters, after recording strong growth in the first quarter, and the central bank is likely to slash interest rate by 25 basis points later this... Read more...
May 21, 2012-07:37 AM ET
The continuing deterioration in household finances in the U.K. shows that consumer spending is set to remain under pressure for some time to come, IHS Global Insight chief European and UK economist Howard... Read more...
May 17, 2012-03:26 AM ET
Japan's economic growth is likely to slow sharply in the second quarter, and a renewed contraction in one or more of the remaining quarters of the year cannot be ruled out, Capital Economics Chief Global... Read more...
ECONOMIC CALENDAR
Time (et)
Economic Indicator
Period
Actual
Forecast
Previous
Country
Tuesday ,May.22
04:30
Core CPI (M-o-M)
APR
 
0.4 %
UK
04:30
CPI (M-o-M)
APR
0.6 %
0.3 %
UK
04:30
CPI (Y-o-Y)
APR
3.05 %
3.5 %
UK
10:00
Existing Home Sales - Price
APR
 
$ 163.8 K
United States
10:00
Existing Home Sales - Sales
APR
4.66 M
4.48 M
United States
19:50
Exports
APR
8.65 %
5.9 %
Japan
19:50
Imports
APR
 
10.5 %
Japan
19:50
Trade Balance
APR
 
¥ -82.6 B
Japan
20:00
CB Coincidence Index
MAR
 
0.0 %
Australia
20:00
CB Leading Index
MAR
 
0.0 %
Australia
AUDIO NEWS  
In an interview with RTTNews, Ken Goldstein, an economist at The Conference Board, previews what to expect out of this week’s data. This week, attention will shift from what’s going on in Europe to the health of the US economy says Goldstein. ““We seem to be continuing to bump along in the slow lane; we’re not at a standstill, we’re not stuck in heavy traffic, but we clearly are not out on the expressway,” he explains.
Activity in the Philadelphia-area manufacturing sector unexpectedly contracted in the month of May, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday, with the index of activity in the sector turning negative for the first time in eight months.
New claims for U.S. unemployment benefits unexpectedly came in unchanged in the week ended May 12th, according to figures released by the Labor Department on Thursday.
With utilities output showing a substantial increase in the month of April, the Federal Reserve released a report Wednesday morning showing a much bigger than expected increase in overall industrial production for the month.
MARKET UPDATES
May 21, 2012-09:12 AM ET
The major U.S. index futures are pointing to a higher opening on Monday, with sentiment remaining cautious despite the bounce indicated by the futures. Risk currencies are continuing to see weakness, which is an indication that risk aversion is still ruling high in the markets. Though there is a possibility...
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