Economy And The Numbers

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The Bank of England sought more powers to regulate mortgage lending in order to protect property market from overheating and avert risks to financial stability. The Financial Policy Committee of BoE on Thursday requested powers to limit mortgage lending for both owner-occupied and buy-to-let property....

Eurozone's producer prices declined at a faster than expected rate in August, a report from Eurostat showed Thursday. Producer prices dropped 1.4 percent year-over-year in August, which was more than the 1.2 percent fall expected by economists. In July, producer prices had decreased at a revised 1.3...

U.K 's construction activity growth quickened unexpectedly in September, results of a survey by Markit Economics and the Chartered Institute of Purchasing & Supply, or CIPS, showed Thursday. The Markit/CIPS construction purchasing managers' index, or PMI, edged up to 64.2 in September from 64 in August....

Hungary's trade surplus was revised downwards in July, final figures from the Hungarian Central Statistical Office showed Thursday. The trade surplus came in at EUR 482 million in July, less than the EUR 498 million surplus estimated earlier. This was EUR 50 million more than the trade surplus...

Spain unemployment increased notably in September, labor ministry reported Thursday. The number of registered unemployed rose by 19,720 in September from last month to 4.447 million. This was the second monthly rise in unemployment after declining for six straight months. However, the agency said...

Romania's producer prices rose at a stable rate in August, a report from the National Institute of Statistics showed Thursday. Producer prices increased 0.5 percent year-over-year in August, the same rate as in July. Domestic producer prices rose 0.8 percent in August, which was faster than the...

The dampening effect of the sterling's past appreciation will peak by the end of 2014 and then begin to fade, Kristin Forbes said on Wednesday in her maiden speech after joining the Monetary Policy Committee of the Bank of England. Sterling's past moves have reduced the risk of inflation increasing...

EuropeanEconomicsPreview-100214.jpg Rate decision from the European Central Bank and Eurozone producer prices are some of the important economic data expected to come out on Thursday. The European Central Bank is due to announce its rate decision at 7:45 am ET. After the rate cut in the previous month, the central bank is expected to maintain its refinancing rate and deposit rate at 0.05 percent and -0.2 percent, respectively.

Lack of monitoring of the shadow banking system is a risk to financial stability, the International Monetary Fund, or IMF, said late Wednesday. According to the Global Financial report from IMF, shadow banking amounted to around 7 trillion dollars in emerging markets. This is outpacing the growth...

The Reserve Bank of Australia is concerned about the riskier lending practices in property market, Assistant Governor Malcolm Edey and Luci Ellis, head of financial stability department, said Thursday. The central bank officials said discussions on measures to curb unhealthy practices are ongoing...

Japanese companies maintained their inflation estimates for the next year and coming five years, a survey from the Bank of Japan showed Thursday. Firms forecast inflation of 1.5 percent in the coming year, unchanged from the previous estimate published in April. According to Inflation Outlook of...

New Zealand's commodity prices declined at a slower rate in September, results of a survey by ANZ showed Thursday. The ANZ commodity price index slid 1.3 percent month-over-month in September following the 3.3 percent drop in August. This marked the seventh consecutive month of fall in prices. Prices...

trade.jpg Australia had a merchandise trade deficit of A$787 million in August, the Australian Bureau of Statistics said on Thursday. That beat forecasts for a shortfall of A$800 million following the upwardly revised A$1,075 million deficit in July (originally A$-1,395 million. Exports were down 2.0 percent...

Australia had a merchandise trade deficit of A$787 million in August, the Australian Bureau of Statistics said on Thursday. That beat forecasts for a shortfall of A$800 million following the upwardly revised A$1,075 million deficit in July (originally A$-1,395 million. Exports were down 2.0 percent...

The total number of building approvals issued in Australia was up a seasonally adjusted 3.0 percent on month in August, the Australian Bureau of Statistics said on Thursday, coming in at 16,810. That beat forecasts for an increase of 1.0 percent following the 2.5 percent gain in July. On a yearly...