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Economic News

By in Economy on January 6, 2017
Pound's gains erased amid Brexit deal jitters
October 17, 2019
Sterling jumps at first on news of a deal, but falls back after the DUP reiterates its opposition.
Economic News
Australia Unemployment Data Due On Thursday
October 16, 2019
Australia will on Thursday release jobless numbers for September, highlighting a modest day for Asia-Pacific economic activity.
Fed Says U.S. Economy Expanding At Slight To Modest Pace
October 16, 2019
Two weeks ahead of the Federal Reserve's next monetary policy meeting, the central bank's Beige Book said Wednesday the U.S. economy expanded at only a slight to modest pace over the past month. The Beige Book, a compilation of anecdotal evidence on economic conditions in the twelve Fed districts, noted business activity varied across the country.
U.S. Business Inventories Virtually Unchanged In August
October 16, 2019
The Commerce Department released a report on Wednesday showing little change in U.S. business inventories in the month of August. The report said business inventories came in virtually unchanged in August after climbing by a revised 0.3 percent in July.
U.S. Homebuilder Confidence Unexpectedly Shows Continued Improvement
October 16, 2019
Homebuilder confidence in the U.S. unexpectedly climbed to its highest level in well over a year in the month of October, the National Association of Home Builders revealed in a report on Wednesday. The report said the NAHB/Wells Fargo Housing Market Index jumped to 71 in October after inching up to 68 in September. Economists had expected the index to come in unchanged from the previous month.
Hong Kong Banks Agree To Adopt Measures To Support Small Enterprises: HKMA
October 16, 2019
Hong Kong's banks agreed to take measures to support small and medium enterprises, the Hong Kong Monetary Authority said Wednesday, as the economy likely slipped into a recession in the third quarter due to the adverse effect from the anti-government protests.
U.S. Retail Sales Unexpectedly Decrease Amid Pullback In Auto Sales
October 16, 2019
Retail sales in the U.S. unexpectedly decreased in the month of September, according to a report released by the Commerce Department on Wednesday. The Commerce Department said retail sales fell by 0.3 percent in September after climbing by an upwardly revised 0.6 percent in August. The drop came as a surprise to economists, who had expected sales to rise by 0.3 percent.
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