Economic News, US Economic News, Global Economic News, Economic Calendar

Oil Prices Remain Mixed Ahead Of Inventory Data

Oil prices were mixed throughout Tuesday as investors awaited inventory data due later in the day for direction. Brent crude prices pulled back from 2019 highs on concerns that slowing economic growth in the U.S., China and Europe may dent fuel demand this year. U.S. crude futures were moving... Read more...

Gold Prices Hit Fresh 10-Month High

Gold prices continued to climb Tuesday, setting fresh 10-month highs and the dollar held firmer against the yen after the Bank of Japan hinted at further monetary policy easing. Speaking to Parliament, Bank of Japan Governor Haruhiko Kuroda said the central bank is willing to ease its monetary policy... Read more...

U.S. Homebuilder Confidence Shows Significant Improvement In February

Reflecting growing consumer confidence and falling interest rates, the National Association of Home Builders released a report on Tuesday showing a significant increase in U.S. homebuilder confidence in the month of February. Read more...

US / CANADA

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EUROPE

German ZEW Investor Confidence Improves To 5-month High In February

Germany's investor confidence improved further to its highest level in five months in February, survey data from the ZEW - Leibniz Centre for European Economic Research showed on Tuesday. The ZEW Indicator of Economic Sentiment for Germany rose to -13.4 points from -15.0 points in January. Economists... Read more...

UK Employment Surges To Record High In December, Pay Growth Fastest Since 2008

The UK employment hit a record high in December and wages grew at their fastest pace in a decade, figures from the Office for National Statistics showed on Tuesday. The employment rose by 167,000 to a record high of 32.60 million in the three months to December. Economists were looking for an increase... Read more...

Eurozone Current Account Surplus Falls In December

Eurozone current account surplus weakened in December, as the surpluses in the visible trade, services and primary income accounts were partly offset by a deficit in the secondary income account, figures from the European Central Bank showed on Tuesday. The current account surplus declined to EUR... Read more...

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ASIA

Singapore Exports Fall Most In Over Two Years

Singapore's exports declined the most over two years in January, figures from Enterprise Singapore showed on Monday. Non-oil domestic exports, or NODX, dropped 10.1 percent year-on-year following an 8.5 percent decline in December. The latest decline was the biggest since 2016. NODX decreased for... Read more...

Thailand 2018 GDP Growth Fastest In 6 Years

Thailand's economy expanded at the fastest pace six years in 2018, driven by stronger domestic demand that offset slowing export growth, but the momentum is likely to lose steam due to a general election and a sluggish global economy. Gross domestic product grew 4.1 percent in 2018, after a 4 percent expansion in the previous year, the National Economic and Social Development Council said Monday. Read more...

Japan December Core Machine Orders Slip 0.1%

The value of core machine orders in Japan eased 0.1 percent on month in December, the Cabinet Office said on Monday - exceeding expectations for a decline of 1.0 percent following the flat reading in November. On a yearly basis, core machine orders were up 0.9 percent - shy of forecasts for an increase... Read more...

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GLOBAL ECONOMICS

UK Household Finance Index At 11-Month Low

UK households' assessment of their financial well-being fell to the lowest level in eleven months in February, survey data from the IHS Markit showed on Monday. The IHS Markit Household Finance Index, or HFI, fell to 43.4 from 44.7 in January, marking the lowest reading since March 2018. Job security... Read more...

UK Housing Affordability Improves At Fastest Pace In 8 Years - Rightmove

UK housing affordability improved at the fastest pace in eight years in February, but annual house price growth remained weak, survey data from the property market data website Rightmove showed on Monday. UK's annual average wage growth of 3.4 percent outstripped asking prices at the fastest rate since 2011, the survey found. Read more...

Japan Core Machine Orders Ease 0.1% In December

The value of core machine orders in Japan was down 0.1 percent on month in December, the Cabinet Office said on Monday - beating expectations for a decline of 1.0 percent following the flat reading in November. On a yearly basis, core machine orders were up 0.9 percent - shy of forecasts for an increase... Read more...

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Tuesday ,Feb.19