Economics News Results

  • FOREX-Dollar rises as higher U.S. yields support

    * U.S. 10-year Treasury yields rise to one-week high. * Sterling slips to 6-day low after UK wages data. By Saqib Iqbal Ahmed. The dollar rose against a basket of currencies on Wednesday, on pace for a fifth-straight day of gains, taking support from higher U.S. Treasury yields.

  • Dollar lines up for 5th-straight win despite weak housing data

    By Carla Mozee, MarketWatch, Anneken Tappe. Canadian dollar up after better-than-expected data. The U.S. dollar advanced toward a fifth-straight winning session on Wednesday, shrugging off September housing reports, which highlighted some weakness in the housing market.

  • Nigeria selling 134 bln naira treasury bills on Wednesday -traders

    Nigeria was to sell 133.78 billion naira worth of treasury bills at an auction on Wednesday, traders said on Wednesday. The central bank is offering 32.4 billion naira in three-month paper, 35 billion naira in six-month bill and 66.38 billion naira in one-year note.

  • BOND REPORT: 2-year Treasury Yield Hits Fresh 2008 High As Prospect Of December Hike Looms

    Treasury prices fell, pushing yields higher, on Wednesday as expectations for a rate increase in December continued to gain traction, adding to selling momentum in government bonds. The shorter 2- year sensitive to shifting expectations for Fed policy, rose 3 basis points to 1.579%, a new 10- year high since Oct. 2008. The benchmark 10- year note yield climbed 4 basis points to 2.337%, versus 2.300%. The 30- year bond yield added 5 basis points to 2.848%.

  • Existing Home Sales Seen Down in September -- Data Week Ahead

    The following are forecasts for this week's remaining U.S. data from a survey compiled by The Wall Street Journal. Forecasts were last updated on Monday afternoon. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS Thursday 0830 Jobless Claims Oct 14 239 K 243 K 0830 Phila Fed Mfg Svy Oct 21.9 23.8 1000 Leading Index Sep +0.1% +0.4% Friday 1000 Existing Home Sales Sep 5.30 M 5.35 M-- percent change Sep -0.9% -1.7%.

  • U.S. housing starts hit one-year low in September

    * Housing starts fall 4.7 percent in September. * Single-family starts decline 4.6 percent. * Building permits drop 4.5 percent. By Lucia Mutikani. U.S. homebuilding fell to a one-year low in September as Hurricanes Harvey and Irma disrupted the construction of single-family homes in the South, suggesting housing probably remained a drag on economic growth in the third quarter.

  • Canada Aug manufacturing sales gain most in 8 months on autos

    Canadian manufacturing sales unexpectedly increased in August, rising the most in eight months, on higher sales of vehicles and parts, as well as petroleum and coal products, data from Statistics Canada showed on Wednesday. The 1.6 percent growth was well above forecasts for a 0.1 percent decline and the largest gain since December 2016.

  • U.S. Housing Starts Fell in September

    U.S. housing starts decreased last month for the fifth time in six months, a sign home builders are struggling to keep pace with solid buyer demand. Housing starts fell 4.7% in September from the prior month to a seasonally adjusted annual rate of 1.127 million, the Commerce Department said Wednesday. Residential building permits, which can signal how much construction is in the pipeline, fell 4.5% to an annual pace of 1.215 million last month.

  • Spain summons Venezuela Ambassador after Maduro's Catalonia comments

    Spain has summoned the Venezuela ambassador in Madrid to explain comments made by the Latin American country's President Nicolas Maduro on the situation in Catalonia, the Spanish foreign ministry said on Wednesday.

  • U.S. housing starts fall to one-year low

    U.S. homebuilding fell to a one-year low in September as Hurricanes Harvey and Irma disrupted the construction of single-family homes in the South, suggesting that housing probably remained a drag on economic growth in the third quarter. Housing starts decreased 4.7 percent to a seasonally adjusted annual rate of 1.127 million units, the Commerce Department said on Wednesday.

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