Economics News Results

  • Colombia's cenbank to vote on interest rate 8 times per year

    Colombia's central bank said on Friday it will vote on the benchmark interest rate only at eight meetings per year, instead of its traditional 12. The board will vote on the interest rate in January, March, April, June, July, September, October and December.

  • Investors Must Focus on Big Picture on Black Friday

    At in a fistfight broke out over. There is a predictability to Black Friday stories each year, yet there also is a predictability to what they tell us about how stores will do over holidays--not much. A lot of things can happen between Thanksgiving and Christmas, and they usually do.

  • BOND REPORT: Yield Curve Flattening Maintains Relentless Momentum

    The Pan-German Business Climate Index hit 117.5, a record high since unification. Treasury prices fell on Friday, pushing yields higher, as U.S. bond markets took their cue from European bonds after strong economic data out of Germany gave further evidence that eurozone growth was gathering pace. That didn't stop long-dated Treasury yields from booking a weekly drop, even as short-dated yields rose, after dovish minutes and Federal Reserve Chairwoman Janet Yellen's remarks...

  • Dollar hits 2-month low as euro extends gains

    Euro breaks above $1.19 for first time since late September. The U.S. dollar hit its lowest since Sept. 25 on Friday and was on track for a third weekly loss in a row, driven by a rallying euro and concerns that the Federal Reserve may be hesitant to deliver further interest-rate increases due to stubbornly low inflation. Overall, trading is light in the wake of the U.S.' s Thanksgiving holiday on Thursday and an abbreviated schedule for U.S. markets Friday.

  • FOREX-Dollar near 2-month low as strong economic data underpins euro

    * Dollar index hits lowest since Sept. 26. * Euro rises to highest in nearly 2 months. By Dion Rabouin. The dollar fell to its lowest since late September against a basket of currencies on Friday as investors grew optimistic about the strength of the euro zone's recovery and lost appetite for the greenback.

  • Steady GDP Growth Expected -- Data Week Ahead

    The following are forecasts for next week's U.S. data from a survey compiled by The Wall Street Journal. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS Monday 1000 New Homes Sales Oct 624 K 667 K-- percent change Oct -6.4% +18.9% 1030 Dallas Fed Mfg Svy Nov N/A 27.6 Tuesday 0900 S&P/Case-Shiller 20- City Sep +6.0% +5.9% HPI 1000 Consumer Confidence Nov 123.5 125.9 1000 Richmond Fed Mfg Svy Nov N/A 12 Wednesday 0830 Real GDP 3 Q +3.3% +3.0%* 0830 GDP Prices 3 Q +2.2% +2.2%* 1000 Pending Home...

  • French Jobless Count Rises in October

    PARIS--The number of registered job seekers in France rose slightly in October, statistics showed Friday, the latest indication the job market is lagging a broad economic recovery. The number of category A job seekers--people registered as fully unemployed--rose 0.2% in October from September to 3,483,600, the labor ministry said. France's job market is proving hesitant in an otherwise strong economic recovery in France.

  • EUROPE MARKETS: DAX Breaks 2-day Losing Run As German Business, Political Prospects Brighten

    Euro extends its rise; Italian banks shine. German stocks snapped a two-session skid Friday, getting a lift as business optimism in the region's largest economy climbed to a record and as one of Germany's major political parties cracked the door to possibly breaking a political impasse. How key equity gauges traded: The export-heavy-- and euro-sensitive-- German DAX 30 benchmark picked up 0.4% to end at 13,059.84, breaking a two-day run of losses.

  • Mexico current account swings to deficit in 3rd-qtr

    Mexico posted a current account deficit of $5.528 billion during the third quarter compared with a surplus of $129 million during the second quarter, the country's central bank reported on Friday. The third quarter deficit was equivalent to 1.8 percent of gross domestic product and compared with a current account deficit of $6.174 billion in the third quarter of 2016.

  • Danish pork exports to China fall after spike in local supply

    The world's largest pork exporter Danish Crown said on Friday its sales to China had fell in the year 2016/2017 after a temporary spike in Chinese supplies prompted by the forced closure of some farms due to tighter environmental rules.

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