Economic News
US-China trade deal nearing completion, says Politico
A deal to resolve the long-running trade war between the United States and China is "largely complete", according to a source cited by Politico.
Chicago PMI beats expectations in February
Economic activity in the Chicago area improved much more than expected in February amid a surge in new orders, according to figures released on Thursday.
US initial jobless claims rise more than expected
The number of Americans filing for unemployment benefits rose more than expected last week, according to figures from the Labor Department.
US Q4 GDP beats forecasts despite government shutdown
The US economic expansion ebbed at the tail-end of 2018, as the pace of inventory accumulation and spending by households and the federal government slowed while state and local governments retrenched, albeit by less than had been anticipated.
Immigration from EU into the UK at 10-year low
Long-term immigration to the UK has fallen to its lowest level since 2014, government data showed on Thursday, with migration from the European Union hitting a ten-year low.
UK car production suffers as Chinese exports crash
British car production fell in January, as demand from China collapsed and Brexit concerns weighed heavily at home.
Trump-Kim talks break down over sanctions row
Th Vietnam summit between US President Donald Trump and the North Korean leader Kim Jong-un broke down on Thursday after the latter requested that all sanctions against it be lifted, according to Trump.
Consumer confidence improves despite Brexit fears - GfK
Consumer confidence remained ‘stoic’ in February, despite ongoing concerns about the impact of Brexit, research published Thursday found.
Houses prices edge ahead in February - Nationwide
House prices nudged higher in February, marginally ahead of forecasts, as the strong labour market helped balance out some of the uncertainty around Brexit.
China factory PMI slows further in February, most details weak
A widely-followed survey of factory sector conditions in the world's third-largest economy softened further last month.