International Economic
Merck starts third phase clinical trial to evaluate Covid-19 treatment molnupiravir
Merck and its Miami-based partner Ridgeback Biotherapeutics have started the third phase of its MOVEe-AHEAD clinical trial for molnupiravir, an investigational oral antiviral therapeutic against infection from Covid-19.
US consumer confidence stabilises at the start of September
Consumer confidence in the US appeared to stabilise at the start of September after plunging during the month before as the Delta variant of Covid-19 rolled across the country, the results of a closely-followed survey revealed.
Chicago PMI dips in September amid supply shortages
Factory sector activity in the Chicago region cooled just a tad more quickly than anticipated in September, the results of a closely-followed survey revealed.
US jobless claims unexpectedly rise; Q2 GDP revised up a touch
The number of Americans filing for unemployment benefits unexpectedly rose last week amid a surge in claims in California, according to figures released by the Labor Department on Thursday.
Euro area unemployment continues to fall in August
Unemployment in the single currency bloc dipped last month led by declines among the so-called periphery countries.
German unemployment continues to retreat in September
Germany's labour market continued to improve in September, albeit by a bit less than during the preceding months.
Evergrande unlikely to pose significant risk outside of China, SEI says
The fallout from Chinese real estate group Evergrande's woes may be more limited than some fear, a top wealth manager said.
China PMIs yield mixed readings in September
A batch of key surveys for Chinese economic activity in September yielded mixed readings, although economists said that overall they appeared to indicate that further weakness may lie ahead.
Euro area economic confidence posts surprise increase in September
Euro area residents' confidence in the economy edged higher unexpectedly last month, the results of a closely-followed batch of surveys revealed.
US house prices rise 1.4% month-on-month in July
House prices rose across the US in July, up 1. 4% month-on-month, according to the Federal Housing Finance Agency's house price index. On an annual basis, house prices were up 19. 2%.
US goods trade deficit widens to $87.6bn in August
The US goods trade deficit widened to $87. 6bn last month from a revised $86. 8bn in July, according to the Commerce Department, as an increase in foreign-made consumer goods led to imports outpacing exports.
Lagarde warns against 'overreacting' on inflation
The president of the European Central Bank Christine Lagarde has urged caution when responding to surging inflation.
BoA ups target prices for Gazprom and Novatek amid natural gas price spike
Analysts at Bank of America revised their target prices for shares of Gazprom and Novatek higher following the recent spike in natural gas prices.
Push for 'net zero' emissions could have significant impact on inflation, Capital Economics says
The global push towards "net-zero" emissions could have significant implications for the inflation outlook depending on how quickly those changes are implemented, economists said.
US Treasuries matter more for German Bunds than election result (for now), Saxo says
Until a government coalition is formed, German Bunds are more vulnerable to rising yields in the U. S. than the German election, says Steen Jakobsen, chief investment officer of Saxo Bank.
Goldman lifts year-end Brent crude forecast to $90
Goldman Sachs upped its forecast for year-end Brent crude to $90 a barrel from $80, after prices reached new highs since October 2018.
Fed's Evans wary on medium-term outlook for US inflation
A top US central bank official sounded a wary note regarding the outlook for inflation, telling an audience that it might underwhelm over the medium-term.
US new home sales beat expectations in August
Sales of new US single-family homes rose more than expected in August, according to figures released on Friday by the Commerce Department.
Ifo Institute cuts German growth forecasts
The ifo Institute has slashed its economic growth forecasts for Germany after a hoped-for summer recovery failed to emerge.
Global recovery strong but uneven, says OECD
The global economy is growing far more strongly than expected a year ago, it emerged on Tuesday, but the recovery remained uneven, exposing both advanced and emerging markets to a range of risks.