International Economic
ECB says euro area economy rebounding firmly, risks 'balanced'
The European Central Bank said the risks to growth and inflation were "broadly balanced" and that the euro area economy was now rebounding firmly.
ECB to slow PEPP purchases 'moderately'
Rate-setters in Frankfurt decided to lower bond purchases under their emergency asset buying programme "moderately" but kept all the other main policy levers unchanged, including the size of the bond buying programme not linked to the pandemic.
US producer prices pushed higher by food and transportation
US wholesale prices rose as expected last month amid higher prices for food and transportation.
US and Chinese presidents hold first direct contact since February
The US and Chinese presidents held their first direct conversations since February overnight on Thursday.
ECB's Schnabel highlights impact of 'base effects' on CPI rise
A top European Central Bank official said the monetary authority did not believe rapidly rising consumer prices were a risk, emphasising that the "extremely" low level of inflation seen in 2020 needed to be taken into account.
Curevac downsizes manufacturing for Covid-19 jab amid reduced demand
CureVac has downsized its capacity for manufacturing its first generation Covid-19 vaccine due to what it said was the lower-than-expected peak demand for the shot and due to the decreased need thanks to ongoing vaccinations globally.
US core CPI slows more quickly than expected in August
Consumer level inflation in the US slowed more quickly than expected last month as the Delta variant of Covid-19 took its toll on travel-related sectors, including airlines and hotels.
Euro area industrial output bounds back as supply constraints ease
Euro area industrial production bounded past economists forecasts in July, recovering its level from before the pandemic as supply chain disruptions eased.
Empire State index bounds past forecasts in September
Manufacturing activity in the jurisdiction of the Federal Reserve Bank of New York surged in September, according to the results of a closely-followed survey.
US industrial production edges past forecasts in August
Industrial production in the US edged pasts forecasts last month on the back of higher output from factories and utilities.
Weekly US jobless claims surprise to the upside
Initial US jobless claims rose unexpectedly during the previous week.
US retail sales jump past forecasts in August
American consumers retrenched less than feared last month despite the impact from the Delta variant of Covid-19.
Manufacturing in US Northeast dodges Delta impact in September, Philly Fed says
Manufacturing conditions in the US mid-Atlantic region exceeded forecasts by a wide margin in September, the results of a closely-followed survey revealed.
Euro area CPI jumps in August on dearer energy, base effects
Consumer price inflation in the euro area accelerated in August on the back of dearer energy and base effects, potentially piling on the pressure on the European Central Bank.
Eurozone business activity stays strong in August
Eurozone business activity held strong in August despite concerns over the Covid-19 delta variant and global supply chain woes.
EU car registrations continue to fall in July and August
New car registrations plunged across Europe in August and July, according to the European Automobile Manufacturers' Association, principally driven by worldwide semiconductor shortages.
US housing starts and building permits grow in August
US housing starts and building permits both grew last month, driven by a surge in the Northeast region.
US initial jobless claims come in worse than expected at 351,000
Jobless claims grew to their highest level in almost a month in the week ended 18 September, according to the Labor Department.
Evergrande raises $1.5bn after selling bank stake
China’s Evergrande is to sell part of its stake in Shengjing Bank for $1. 5bn, as the embattled firm looks to raise cash and paydown creditors.
EMA says no urgent need yet for booster Covid-19 vaccine doses
There is no urgent need to give healthy adults a third Covid-19 vaccine dose, Europe's health regulator said.