- — U.S. pending home sales increase moderately, NAR says
- Pending home sales in the U.S. rose 1.6% in February, spurred by modest inventory increases and job gains, a report on Thursday said. The National Association of Realtors (NAR) Pending Home Sales index rose 1.6% to 75.6 from a revised 74.4 the month prior. Economists expected a 1.5% increase, a Reuters poll showed. On a ...
- — Why France is making a new push to reduce unemployment benefits
- Frances government is looking to shorten the period people can claim unemployment benefits to strengthen incentives to work as it struggles to keep its deficit reduction plans on track. WHAT DOES THE REFORM SEEK TO DO? The government considers that previous efforts to rein in unemployment benefits did not go far enough and a new ...
- — Ukraine’s economy grew 5.3% in 2023, statistics service says
- Ukraines economy grew by 5.3% in 2023 after contracting by almost a third in the first year of Russias full-scale invasion, the statistics service said on Thursday. The GDP figure was slightly higher than the figure of 5% given by Economy Minister Yulia Svyrydenko in January. The statistics service has not been publishing full data ...
- — German labour market remains resilient on the outside but shows weakening from the inside
- The German labour market shows resilience. But only at first glance. In March, German unemployment decreased by 44,500, lowering the unemployment figure to 2.769 million. The seasonally adjusted unemployment rate remained unchanged for the fourth consecutive month at 5.9%. With this drop in unemployment, how could anyone not talk about the remarkable resilience of the ...
- — UK economy went into recession last year, data confirms
- Britains economy entered a shallow recession last year, official figures confirmed on Thursday, leaving Prime Minister Rishi Sunak with a challenge to reassure voters that the economy is safe with him before an election expected later this year. Gross domestic product shrank by 0.1% in the third quarter and by 0.3% in the fourth, unchanged ...
- — German consumers still in hibernation
- In the less pessimistic forecasts for the German economy in 2024, private consumption plays a crucial role. On the back of assumed real wage growth (in the less pessimistic forecasts) private consumption is expected to pick up over the course of the year, pushing the entire economy out of stagnation. Unfortunately, data since the start ...
- — ECB’s Panetta repeats conditions emerging for monetary easing
- The risks to price stability in the euro zone are diminishing, creating the conditions for the European Central Bank to ease its monetary policy, governing council member Fabio Panetta reiterated on Thursday. Numerous ECB policymakers have flagged an interest rate cut for June, a first step in bringing down the record high rate of 4% ...
- — Fed’s Waller still sees ‘no rush’ to cut rates amid sticky inflation data
- Recent disappointing inflation data affirms the case for the U.S. Federal Reserve to hold off on cutting its short-term interest rate target, Fed Governor Christopher Waller said on Wednesday, but he did not rule out trimming rates later in the year. There is no rush to cut the policy rate right now, Waller said in ...
- — S&P affirms United States ‘AA+/A-1+’ sovereign ratings on economic resilience
- Global ratings agency SP affirmed its AA+ long-term and A-1+ short-term unsolicited sovereign credit ratings on the U.S. on Thursday, and kept the outlook on the long-term rating as stable. A diversified and resilient economy with solid growth, extensive monetary policy flexibility, and benefits associated with the unique status as the issuer of the worlds ...
- — German retail sales fall unexpectedly in February
- German retail sales unexpectedly fell in February, data showed on Thursday, quashing hopes that private consumption could help Europes largest economy to recover in the first quarter. Retail sales decreased by 1.9% compared with the previous month in real terms. Analysts polled by Reuters had predicted a 0.3% increase in February. That was probably it ...
- — China’s Growth Target Remains Challenging Amid Lingering Property Stress
- It will be challenging for China to achieve its real GDP growth target for 2024 of “around 5%”, unveiled at the National People’s Congress annual legislative session, but the government is stepping up fiscal easing, cushioning the impact of lingering stress in the property market, says Fitch Ratings. Our March Global Economic Outlook projects China’s ...
- — US economy continues to shine with help from consumers, labor market
- The U.S. economy grew faster than previously estimated in the fourth quarter, boosted by strong consumer spending and business investment in nonresidential structures like factories and healthcare facilities. The report from the Commerce Department on Thursday also showed profits rising at a solid clip last quarter, driven by nonfinancial corporations. Increasing profits, together with rising ...
- — Global M&A picks up in Q1 after flurry of large deals
- Mergers and acquisitions (MA) bounced back in the first quarter after a downbeat 2023, thanks to the return of mega deals, cheering investment bankers and lawyers waiting for a pick-up. Total MA volumes globally climbed 30% to about $755.1 billion, according to the most recent data from Dealogic. The number of transactions worth more than ...
- — China’s GDP target in realistic range despite challenges, ADB says
- Chinas growth target is in a realistic range, but there are some challenges including property risks and economic imbalances, Asian Development Bank (ADB) chief economist Albert Park said on Thursday. At the beginning of the annual parliament meeting last week, Premier Li Qiang announced a 2024 economic growth target of around 5%, and unveiled modest ...
- — Eurozone money growth and bank lending show cautious recovery
- Broad money growth (M3) continues to increase year-on-year after declines in the second half of 2023. The recovery is very small for the moment, and mainly driven by net external assets contributing positively. This is caused by a fast recovery of the trade balance now that energy costs have moderated. A small contribution to the ...
- — US fourth-quarter growth revised higher; labor market still strong
- The U.S. economy grew faster than previously estimated in the fourth quarter, boosted by strong consumer spending and business investment in nonresidential structures like factories and healthcare facilities. The report from the Commerce Department on Thursday also showed profits rising at a solid clip last quarter, driven by nonfinancial corporations. Increasing profits, together with rising ...
- — US consumer sentiment tops estimates in March to hit nearly 3-yr high, UMich says
- U.S. consumer sentiment rose unexpectedly in March to the highest in nearly three years thanks in part to growing confidence that inflation will keep softening. The University of Michigans benchmark Consumer Sentiment Index rose to a final reading for the month of 79.4, the highest since July 2021, from Februarys 76.9. It topped consensus estimates ...
- — China will be a driving force for the world economic recovery, official says
- China aims to be strongdriving force for the world economic recoverythis year, opening its markets wider to foreign investors and promoting high quality growth, the countrys top legislator Zhao Leji said on Thursday. China will make tech innovation a new point of economic growth and is willing to collaborate with other countries on it, Zhao, ...
- — Fundamentals vie with ‘FOMO’ as US tech boom driver
- Fundamentals or FOMO? Big Techs resilience, concentration, and unassailable status as Wall Streets driving force have understandably raised concerns of a bubble in the making as the fear of missing out buying frenzy fuels a dangerous, self-perpetuating price spiral. That is partly true, but too simplistic. While FOMO has accelerated techs remarkable run, plain old ...
- — India’s love for gold has done little for its economy and investors, BlackRock’s Larry Fink says
- India’s fondness for gold has neither benefited its economy nor generated decent returns for investors, BlackRock Founder and Chairman Larry Fink said in his annual letter to shareholders of the world’s largest asset manager. “When I visited India in November, I met policymakers who lamented their fellow citizens’ fondness for gold. The commodity has underperformed ...
- — Fed’s Waller still sees ‘no rush’ to cut rates amid sticky inflation data
- Recent disappointing inflation data affirms the case for the U.S. Federal Reserve tohold off on cutting its short-term interest rate target, Fed Governor Christopher Waller said on Wednesday, but hedid not rule out trimming rates later in the year. There is no rush to cut the policy rate right now, Waller said in a speech ...
As of 3/29/24 6:32am. Last new 3/28/24 5:26pm.
- Next feed in category: Shipping News - Security