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*The economic data chart is for the U.S.
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Federal Reserve Chairman Jerome Powell delivered his highly anticipated speech at the Jackson Hole Economic Policy Symposium on Friday, reiterating the Fed will "act as appropriate" to sustain the U.S. economic expansion. However, President Donald Trump was unimpressed by the Fed Chairman's remarks, going so far as to question if Powell is a "bigger enemy" than Chinese President Xi Jinping. Read more...

Belgium's business confidence deteriorated further in August, driven by the weakening sentiment in manufacturing and business-related services sectors, survey results from the National Bank of Belgium showed on Friday. The business confidence index dropped to -5.8 from -5 in July. Economists had... Read more...

Moody's Investor Service announced on Friday that it has revised down the 2019-20 growth forecasts for 16 countries in the Asia Pacific due to weaker trade and investment. The weaker outlook is offsetting the support from stable private and public consumption, the rating agency said. Among the... Read more...

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Following a much bigger than previously estimated spike in U.S. new home sales in the previous month, the Commerce Department released a report on Friday showing a steep drop in new home sales in the month of July. The report said new home sales plunged by 12.8 percent to an annual rate of 635,000 in July after soaring by 20.9 percent to a sharply upwardly revised rate of 728,000 in June. Read more...

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A report released by the Conference Board on Thursday showed its reading on leading U.S. economic indicators rose by much more than anticipated in the month of July. The Conference Board said its leading economic index climbed by 0.5 percent in July after edging down by 0.1 percent in both May and June. Read more...

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First-time claims for U.S. unemployment benefits fell by much more than expected in the week ended August 17th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims dropped to 209,000, a decrease of 12,000 from the previous week's revised level of 221,000. Read more...

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Lithuania's industrial production rose in July, figures from the Department of Statistics showed on Friday. Industrial production rose 1.2 percent month-on-month in July. Output in water supply rose the most, by 12.7 percent monthly in June, and that in mining and quarrying increased by 5.4 percent.... Read more...

Austria's production index rose in June, led by a growth in industrial output and construction, data from Statistics Austria showed on Friday. The production index that combines both industry and construction grew 1.3 percent year-on-year in June, after a 0.4 percent fall in May. On a yearly... Read more...

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The European Central Bank policymakers supported the proposal to design a stimulus package for the euro area as growth is likely to be weaker than earlier forecast, minutes of the July 24-25 Governing Council meeting showed on Thursday. Read more...

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Taiwan's industrial production grew unexpectedly in July, figures from the Ministry of Economic Affairs showed on Friday. Industrial production rose 3.03 percent year-on-year in July, after a 0.49 percent fall in June. Economists had expected a 0.6 percent decrease. Manufacturing output gained... Read more...

Singapore's inflation slowed more-than-expected in July, data from the Monetary Authority of Singapore and the Ministry of Trade and Industry showed on Friday. The consumer price index rose 0.4 percent year-on-year in July, slower than the 0.6 percent increase in June. Economists had expected a 0.5... Read more...

New Zealand retail sales grew at a slower rate in the second quarter, figures from Statistics New Zealand showed on Friday. The total volume of retail sales rose by a seasonally adjusted 0.2 percent sequentially in the second quarter, which was slower than 0.7 percent increase in the previous quarter.... Read more...

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Sri Lanka's central bank reduced its key interest rates unexpectedly by 50 basis points to revive economic growth amid low inflation. The monetary board of the Central Bank of Sri Lanka on Friday decided to cut the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR)... Read more...

Overall nationwide inflation in Japan was up 0.5 percent on year in July, the Ministry of Internal Affairs and Communications said on Friday. That was shy of forecasts for an annual increase of 0.6 percent and down from 0.7 percent in June. Core consumer prices, which exclude volatile food prices,... Read more...

Japan will on Friday release July figures for nationwide consumer confidence, highlighting a light day for Asia-Pacific economic activity. Overall nationwide inflation is predicted to rise 0.5 percent on year, slowing from 0.7 percent in June. Core CPI is called steady at 0.6 percent. New Zealand... Read more...

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China’s Retaliatory Tariffs May Weigh On Wall Street

The major U.S. index futures are currently pointing to a lower opening on Friday following the mixed performance seen in the previous session. The downward momentum on Wall Street comes after the Chinese Finance Ministry announced plans to impose new tariffs on $75 billion worth of U.S. imports. The...
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