Global Economic News


Japan will on Monday release June figures for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity. Imports are expected to tumble 22.0 percent on year after falling 13.8 percent in May. Exports are called lower by 14.0 percent after rising 9.2 percent in...

EU-PMI-072216.jpg Eurozone private sector expanded at the weakest pace in 18 months in July, but remained resilient in the face of the surprise "Brexit" vote and the terror attack in France. The relief from serious economic concerns could be short-lived, as feared by the European Central Bank policymakers, who signaled on Thursday that they stand ready to pump more stimulus in the coming months.

UK-PMI-072216.jpg The U.K. private sector activity contracted at the steepest pace since early 2009, after Britons voted to leave the European Union in a surprise move, a closely watched survey showed Friday. The flash composite output index fell to an 87-month low of 47.7 in July from 52.4 in June, according to flash survey results from Markit and the Chartered Institute of Procurement & Supply.

Japan will on Friday see preliminary July results for the manufacturing PMI from Nikkei, highlighting a light day for Asia-Pacific economic activity. The PMI score in June was 48.1, beneath the boom-or-bust line of 50 that separates expansion from contraction. Taiwan will release unemployment numbers...

ECB-Draghi-072116.jpg Eurozone policymakers chose to wait for more information on the impact of "Brexit", after euro area markets weathered the surprise event remarkably well, and the central bank stands ready to act on studying data in coming months, European Central Bank President Mario Draghi said Thursday.

LeadingIndicatorIndex-072116.jpg After reporting an unexpected decline in the previous month, the Conference Board released a report on Thursday showing a rebound by its index of leading U.S. economic indicators in the month of June.

ExistingHomeSales-072116.jpg Reflecting a greater share of sales to first-time buyers, the National Association of Realtors released a report on Thursday showing an unexpected increase in U.S. existing home sales in the month of June. NAR said existing home sales climbed 1.1 percent to an annual rate of 5.57 million.

Philadelphiafedmanufacturing-072116.jpg Philadelphia-area manufacturing activity unexpectedly contracted in the month of July, the Federal Reserve Bank of Philadelphia revealed in a report on Thursday. The Philly Fed said its diffusion index of current activity dropped to a negative 2.9 in July from a positive 4.7 in June.

Joblessclaims-072116.jpg Initial jobless claims in the U.S. unexpectedly saw a slight drop in the week ended July 16th, according to a report released by the Labor Department on Thursday. The report said jobless claims edged down to 253,000, a decrease of 1,000 from the previous week's unrevised level of 254,000.

EU-IR-072116.jpg The European Central Bank left its key interest rates unchanged in its first policy session after "Brexit", as euro area policymakers wait for more data to assess the exact depth of the impact of the historic event. The bank maintained interest rates for a third straight policy session.

UK-RS-072116.jpg British retail sales declined at the fastest pace in six months in June as the "Brexit" vote started to weigh on consumer spending, data showed Thursday. The budget deficit narrowed in June largely due to higher income tax and VAT receipts. Retail sales volume including auto fuel fell 0.9 percent month-on-month in June, offsetting a 0.9 percent rise in May, the Office for National Statistics said.

The central bank of Indonesia will wrap up its monetary policy meeting on Thursday and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The central bank is widely expected to trim its benchmark lending rate to 6.25 percent from 6.50 percent. Hong...

UK-UEMP-072016.jpg The U.K. unemployment rate fell to the lowest level in more than 10 years in the three months to May, reflecting strength in the labor market ahead of the 'Brexit' vote. The unemployment rate fell to 4.9 percent in the three months to May from 5.6 percent a year earlier, the Office for National Statistics said Wednesday.

The Australian economy took a step backwards in June, the latest survey from Westpac bank revealed on Wednesday as its leading economic index slid 0.22 percent. That follows the 0.21 percent increase in May. The outlook component climbed to -0.14 percent in June from -0.37 in May. Supporting...

Australia will on Wednesday see June results for the leading economic index from Westpac, highlighting a light day for Asia-Pacific economic activity. The index was up 0.21 percent on month in May. Australia also will see June figures for skilled vacancies, which were up 1.0 percent on month in...

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