Breaking Economic News
Never say 'never' to full-blown QE in Eurozone, says ECB's Nowotny
"Never say never" to full-blown quantitative easing in the Eurozone, one of the members of the European Central Bank's (ECB) Governing Council said on Friday.
US GDP expanded at 3.5% clip in the third quarter
US gross domestic product (GDP) expanded at 3. 5% clip in the third quarter, in seasonally adjusted and annualised terms, according to an advanced estimate from the Bureau of Economic Analysis.
German inflation in October rises less than forecast
German inflation in October rose an estimated 0. 7% year-on-year, less than the analysts' forecasts for 0. 9% on a harmonised basis, the Federal Ministry of Finance revealed on Thursday.
US initial jobless claims rose 3,000 to 287,000
Initial weekly unemployment claims Stateside increased by 3,000 to reach 287,000 last week, according to the Department of Labour.
Closure of Al-Aqsa Mosque in Jerusalem is 'declaration of war' - RT
Federal Reserve ends QE, rates to stay low for a considerable time
The Federal Reserve has announced the end of its bond buying programme and decided to keep interest rates unchanged.
No need to panic at the crude oil price drop, says OPEC
US durable good orders unexpectedly fall in September
Durable goods orders decreased by 1. 3% in September to reach $241. 63bn, according to the US Department of Commerce.
US consumer confidence rises more than forecast
US consumer confidence rose more than expected in October, data from the Conference Board showed on Tuesday, despite recent volatility in global capital markets.
US home prices rose slightly less than forecast in August
The S&P Case –Shiller 20-city home price index slipped by 0. 2% month-on-month in August.
US pending home sales rise less than forecast in September
US pending home sales rose 1% year-on-year in September after falling 4. 1% in August,missing forecasts for a 2. 2% increase.
German IFO business confidence falls to 103.2 in October, well below forecasts
The German IFO Institute’s business climate index for the month of October slipped to a reading of 103. 2 from 104. 7 in the month before, a 22-month low, with both sentiment surrounding the current situation and the six-month outlook worsening.
Dilma Rosuseff wins Brazilian presidential elections
Incumbent Brazilian presidential candidate Dilma Rousseff won the run-off vote in the country's elections held on Sunday.
Polling booths in Brazilian presidential elections set to close at 19:00
Euro authorities have worked hard to restore credibility, but commitment to reforms needed -IHS
ECB review detects €25bn short-fall at Eurozone banks, analysts sceptical
The results of the European Central Bank’s ‘comprehensive assessment’, published on Sunday 26 October, uncovered a total capital short-fall of €25bn at the Eurozone’s largest banks.
ECB stress test results expected at 11:00
Fitch affirms Spain and Italy at BBB+, both with stable outlook
Draghi calls for stimulus and says joint effort needed to avoid 'recession'
Mario Draghi, the European Central Bank's (ECB) president has warned leaders from the European Union that a "joint effort" is required to avoid a "relapse into recession. ".
The ECB's stress tests will reveal twenty five lenders have failed
The results of the European Central Bank's (ECB) Asset Quality Review (AQR), which are due to be released this Sunday, will show that 25 lenders 'failed', according to a draft 'communique', as reported by Bloomberg.