Economic News

*The economic data chart is for the U.S.
germany feb14 18jan21

The German economic recovery will face significant setback if the rate of coronavirus infections fails to ease and the lockdown restrictions are subsequently extended, the Bundesbank said in its latest monthly report released on Monday. The economic recovery in the biggest euro area economy slowed... Read more...

Bulgaria's consumer price inflation slowed to a four-year low in December, the National Statistical Institute reported Monday. Consumer prices edged up 0.1 percent annually, following a 0.4 percent rise in November. A similar slower rate was last seen in December 2016. On a monthly basis, consumer... Read more...

Japan's industrial production declined for the first time in six months in November, final data from the Ministry of Economy, Trade and Industry showed on Monday. Industrial output dropped 0.5 percent month-on-month, in contrast to October's 4 percent increase and the flash estimate of nil growth.... Read more...

business inventories4 011521

Business inventories in the U.S. increased in line with economist estimates in the month of November, according to a report released by the Commerce Department on Friday. The report said business inventories rose by 0.5 percent in November after climbing by an upwardly revised 0.8 percent in October. Read more...

consumer shopping2 080219 15jan21

Preliminary data released by the University of Michigan on Friday showed a modest deterioration in U.S. consumer sentiment in the month of January. The report said the consumer sentiment index dipped to 79.2 in January after jumping to 80.7 in December. Economists had expected the index to edge down to 80.0. Read more...

industrial production3 011521

The Federal Reserve released a report on Friday showing U.S. industrial production jumped by much more than expected in the month of December. The Fed said industrial production surged up by 1.6 percent in December after climbing by an upwardly revised 0.5 percent in November. Read more...

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UK house prices declined at a faster pace in January before the stamp duty holiday ends, the property website Rightmove said Monday. As new sellers still hope to tempt buyers and squeeze in a sale before the stamp duty holiday ends, house prices dropped 0.9 percent on month in January, after easing... Read more...

Italy's consumer prices declined for the eighth consecutive month in December, final data from the statistical office Istat showed on Monday. Consumer prices decreased 0.2 percent annually, the same rate of decline as seen in November. But the December rate was revised from -0.1 percent. Month-on-month,... Read more...

The Italian economy is set to expand this year and next, but will return to pre-pandemic levels only in 2023, the Bank of Italy projections showed Friday. Gross domestic product is set to grow 3.5 percent this year, after a massive 9.2 percent contraction in 2020, due to the disruption caused by... Read more...

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chinagdp1 jan17 18jan21

China's economy gained further momentum towards the end of 2020 as the domestic activity continued to recover from the Covid-19 driven downturn. Gross domestic product climbed 6.5 percent on year in the fourth quarter of 2020, the National Bureau of Statistics said on Monday. The rate exceeded expectations for an increase of 6.1 percent and up from 4.9 percent growth posted in the third quarter Read more...

China's gross domestic product climbed 6.5 percent on year in the fourth quarter of 2020, the National Bureau of Statistics said on Monday - exceeding expectations for an increase of 6.1 percent and up from 4.9 percent in the three months prior. On a seasonally adjusted quarterly basis, GDP expanded... Read more...

Non-oil domestic exports climbed 6.6 percent on month in December, Enterprise Singapore said on Monday. That beat expectations for an increase of 3.6 percent following the upwardly revised 3.7 percent decline in November (originally -3.8 percent). On a yearly basis, non-oil domestic exports jumped... Read more...

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China is scheduled to release a batch of data on Monday, headlining a modest day for Asia-Pacific economic activity. On tap are Q4 numbers for gross domestic product, as well as December data for industrial production, retail sales, unemployment and fixed asset investment. GDP is expected to rise... Read more...

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Time (et)
Economic Indicator
Monday ,Jan.18
Housing Starts (M-o-M)
228.3 K
259.9 (R) K
Foreign Investment in Canadian Securities
C$ 11.78 B
C$ 6.93 (R) B
Canadian Investment in Foreign Securities
C$ 7.58 B
C$ 7.98 (R) B
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Negative Reaction To Earnings May Lead To Initial Weakness On Wall Street

The major U.S. index futures are currently pointing to a lower open on Friday, with stocks likely to see further downside following the pullback seen late in the previous session. A negative reaction to earnings news from financial giants JPMorgan Chase (JPM), Citigroup (C) and Wells Fargo (WFC) may...
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