logo

Global Economic News

Share SHARE

Slideshow-Yelen-Trump-121016.jpg Everyone knows that the Federal Reserve will raise interest rates next Wednesday at the conclusion of its two-day policy meeting. After all, Fed speakers have been jawboning a rate hike over the past few weeks. With the markets reacting with eerie calm to Donald Trump's win, policy makers have no...

WholesaleInvetories-120916.jpg While the Commerce Department released a report on Friday showing a drop in U.S. wholesale inventories in the month of October, the report also showed a sharp increase in wholesale sales during the month. The Commerce Department said wholesale inventories fell by 0.4 percent in October after inching up by 0.1 percent in September.

CONSUMER-RETAIL_09Dec16.jpg Consumer sentiment in the U.S. has improved by much more than anticipated in the month of December, according to a report released by the University of Michigan on Friday. The University of Michigan said the preliminary reading on its consumer sentiment index for December came in at 98.0 compared to the final November reading of 93.8.

germanexports-120916.jpg German exports recovered in October but the pace of growth was weaker-than-expected, resulting in a fall in trade surplus. Exports grew 0.5 percent in October from September, when shipments slid 1 percent, figures from Destatis revealed Friday. Nonetheless, the pace of growth was weaker than the expected 0.9 percent. Likewise, imports advanced 1.3 percent.

China-CPI-PPI-120916.jpg China's factory gate inflation increased to a more than five-year high in November on higher commodity prices and consumer price inflation exceeded expectations due to rising food costs. Producer price inflation accelerated notably to 3.3 percent from 1.2 percent in the previous month, the National Bureau of Statistics showed Friday. Inflation was expected to rise to 2.3 percent.

Consumer prices in China were up 2.3 percent on year in November, the National Bureau of Statistics said on Friday. That exceeded expectations for 2.2 percent and was up from 2.1 percent in October. On a monthly basis, inflation added 0.1 percent after easing 0.1 percent a month earlier. The...

The total number of home loans in Australia issued in October was down a seasonally adjusted 0.8 percent on month, the Australian Bureau of Statistics said on Friday - coming in at 53,769. That topped forecasts for a decline of 0.8 percent following the 1.6 percent increase in September. Investment...

The M2 money stock in Japan was up 4.0 percent on year in November, the Bank of Japan said on Friday - coming in at 951.8 trillion yen. That exceeded forecasts for 3.7 percent, which would have been unchanged from the October reading. The M3 money stock advanced an annual 3.4 percent to 1,273.8...

NewZealandcpi-071510.jpg Overall credit card spending in New Zealand slipped a seasonally adjusted 0.3 percent on month in November, Statistics New Zealand said on Friday. That missed expectations for a gain of 0.1 percent following the 0.5 percent increase in October. Retail card spending sank 0.1 percent on month to...

China will on Friday release November figures for consumer and producer prices, highlighting a modest day for Asia-Pacific economic activity. Consumer prices are expected to rise 2.2 percent on year, up from 2.1 percent in October. Producer prices are called higher by 2.3 percent, up from 1.2 percent...

Overall credit card spending in New Zealand was down a seasonally adjusted 0.3 percent on month in November, Statistics New Zealand said on Friday. That missed expectations for a gain of 0.1 percent following the 0.5 percent increase in October. Retail card spending sank 0.1 percent on month versus...

Draghi-ECB-120816.jpg European Central Bank President Mario Draghi asserted that the option of scaling back bond purchases gradually to zero, or 'tapering', was not discussed by policymakers on Thursday, but said the bank was ready to extend and boost stimulus when needed.

Joblessclaims-120816.jpg After reporting first-time claims for U.S. unemployment benefits at a five-month high in the previous week, the Labor Department released a report on Thursday showing that initial jobless claims pulled back in the week ended December 3rd.

ECBrates-120816.jpg The European Central Bank surprised markets on Thursday when it announced that bond purchases will be extended till the end of next year, which is longer-than-expected, but its pace will ease after March.

China-trade-120716.jpg China's exports grew unexpectedly in November as a weaker yuan underpinned foreign demand, while imports logged a notable gain on domestic orders. Data from the General Administration of Customs showed that exports edged up 0.1 percent from a year ago in dollar terms, confounding expectations for a decline of 5 percent.

Follow RTT