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Members of the Federal Reserve are in no rush to alter the path of interest rates, according to the minutes of the central bank's latest monetary policy meeting. The minutes showed members agreed that a patient approach to determining future adjustments to rates would likely remain appropriate for "some time." Read more...

Italy is forecast to expand less than previously estimated this year, according to the latest Economic Outlook published by the statistical office Istat. Gross domestic product is expected to grow 0.3 percent in 2019, which was revised down sharply from 1.3 percent projected in November. The estimate... Read more...

UK's public sector net borrowing in April was the lowest for the month since 2007, preliminary data from the Office for National Statistics showed on Wednesday. Public sector net borrowing, or PSNB, excluding public sector banks was GBP 5.8 billion, which was 0.03 billion less than a year ago. Net... Read more...

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Existing home sales in the U.S. unexpectedly showed a modest decrease in the month of April, according to a report released by the National Association of Realtors on Tuesday. NAR said existing home sales dipped by 0.4 percent to an annual rate of 5.19 million in April. Read more...

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The Organization for Economic Co-operation and Development lowered the 2019 global growth outlook as escalating trade disputes hurt manufacturing and investment decisions. In its latest Economic Outlook, published Tuesday, the Paris-based think tank forecast 3.2 percent growth for 2019 versus 3.3 percent estimated in March. The global growth outlook for 2020 was retained at 3.4 percent. Read more...

The Organization for Economic Co-operation and Development downgraded the global growth outlook for 2019 as trade disputes hurt manufacturing and investment decisions. In its latest Economic Outlook, published Tuesday, the agency forecast 3.2 percent growth for 2019 instead of 3.3 percent estimated... Read more...

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Iceland's central bank slashed its key interest rate and the economic growth forecast for this year on Wednesday, citing weaker tourism business and a fall in marine product exports. The Monetary Policy Committee, or MPC, decided to lower the rate on seven-day term deposits by 0.5 percentage points to 4 percent, the Central Bank of Iceland or Sedlabanki said. Read more...

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UK consumer price inflation exceeded the central bank's target in April for the first time since December, driven by higher utility costs and air fares. Meanwhile, core inflation held steady for a second month in a row, further damping hopes of an interest rate hike this year. Read more...

Ireland's output prices declined for the second straight month, and at a slower pace in April, figures from the Central Statistics Office showed on Wednesday. The manufacturing industries output price index, excluding VAT, fell 5.9 percent year-on-year in April, following a 6.8 percent decrease in... Read more...

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Taiwan's unemployment rate rose marginally to the highest level in eleven months in April, the Directorate General of Budget Accounting & Statistics, or DGBAS, said on Wednesday. The seasonally adjusted jobless rate rose marginally to 3.73 percent in April from 3.72 percent in March. Economists had... Read more...

Thailand's exports fell at a slower rate in April, data from the Commerce Ministry showed on Wednesday. Exports decreased 2.57 percent year-on-year in April, after a 4.88 percent decline in March. Economists had expected a 2.0 percent fall. Imports fell 0.72 percent annually in April, after a... Read more...

Japan's supermarket sales declined in April, data from the Chain Store Association showed Wednesday. Supermarket sales dropped 1 percent year-on-year in April, reversing a 0.5 percent rise in March. The annual drop was largely driven by clothing sales, which fell 7 percent. Meanwhile, services... Read more...

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UK consumer price inflation accelerated in April, while output price inflation eased slightly, figures from the Office for National Statistics revealed Wednesday. Consumer price inflation rose to 2.1 percent in April from 1.9 percent in March. Nonetheless, this was slightly slower than the forecast... Read more...

Poland's industrial production grew at a faster-than-expected pace in April, figures from Statistics Poland showed on Wednesday. Industrial production rose 9.2 percent year-on-year in April, exceeding economists' forecast for an increase of 9.0 percent. Among the main components, water supply surge... Read more...

South Africa's consumer price inflation slowed in April after rising in the previous month, data from Statistics South Africa showed on Wednesday. The consumer price index rose 4.4 percent year-on-year in April, slower than 4.5 percent increase in March. Economists had expected the inflation to rise... Read more...

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Recent production slowdown in the German economy was broad-based, extending beyond the automobile and chemical industries, and a sustained pick-up is only likely if demand recovers, Capital Economics economists... Read more...

Time (et)
Economic Indicator
Period
Actual
Forecast
Previous
Country
Wednesday ,May.22
04:30
PPI Input (Y-o-Y)
APR
0.6 %
 
3.7 %
UK
04:30
PPI Output (M-o-M)
APR
0.3 %
 
0.3 %
UK
04:30
PPI Output (Y-o-Y)
APR
2.1 %
 
2.4 %
UK
04:30
House Price Index (M-o-M)
MAR
-0.5 %
 
-0.8 %
UK
04:30
House Price Index (Y-o-Y)
MAR
1.1 %
 
0.6 %
UK
04:30
CPI (M-o-M)
MAR
0.6 %
 
0.2 %
UK
04:30
CPI (Y-o-Y)
MAR
2.1 %
 
1.9 %
UK
04:30
Core CPI (M-o-M)
MAR
0.4 %
 
0.2 %
UK
08:30
Retail Sales (M-o-M)
MAR
1.1 %
 
0.8 %
Canada
08:30
Retail Sales (Y-o-Y)
MAR
2.6 %
 
1.8 %
Canada
09:30
CB Coincidence Index
MAR
0.1 %
 
0.2 %
France
09:30
CB Leading Index
MAR
0.3 %
 
-0.1 %
France
10:30
EIA Crude Oil Inventory (Barrels)
MAY 17
476.8 M
 
472.0 M
United States
19:50
Foreigners Buying Japan Bonds (Yen)
MAY 12 - MAY 18
 
 
¥ 553.5 B
Japan
19:50
Foreigners Buying Japan Stocks (Yen)
MAY 12 - MAY 18
 
 
¥ 1121.0 B
Japan
20:30
PMI Manufacturing
MAY P
 
 
50.2
Japan
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Wall Street Volatility Likely To Persist Amid Lingering Trade Worries

The major U.S. index futures are pointing to a lower opening on Wednesday following the notable advance seen over the course of the previous session. Stocks are likely to move back to the downside as traders continue to worry the trade dispute between the U.S. and China is escalating into a full-fledged...
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