International Economic
Fed's George unsure how high rates will need to go to tame inflation
The head of Federal Reserve Bank of Kansas City said the central bank had more work to do in order to tame inflation.
Weekly jobless claims in the US undershoot forecasts again
Jobless claims in the US receded by more than expected once more last week.
Germany's business climate beats forecasts, still at 2-year low
An indicator of Germany’s business climate came in better than expected for August on Thursday, but was still down month-on-month.
German Q2 GDP edges higher, beats expectations
The German economy grew a touch in the second quarter of the year, beating expectations of no growth, according to final figures released on Thursday by Destatis.
US pending home sales fall by less than expected in July, NAR spies bottom
Pending home sales in the US fell by less than expected last month and contract signings may be close to a bottom, a leading business lobby group said.
US durable goods orders unchanged in July, but details stronger
New orders for goods made to last at least three years undershot economists' forecasts in July, in part as an expected surge in civilian aircraft orders failed to materialise, even as those for defence aircraft nearly halved.
US new home sales fall below pre-pandemic level in July
The pace of new home sales fell to below its level from before the pandemic on the back of another outsized drop.
US private sector output drops sharply in August amid drag from services
Private sector firms in the US reported the fastest pace of declines in output in August outside of that seen right after the first outbreak of the Covid-19 pandemic, the results of two surveys showed.
Eurozone business activity contracts again in August
Eurozone business activity continued to contract in August as growth in the services sector ground to a near-halt, according to a survey released on Tuesday.
Natural gas futures surge as Gazprom announces three-day halt to NS1 flows
Gazprom announced at the weekend that it would shut natural gas flows through the Nord Stream 1 pipeline for three days, sending gas futures sky-high.
Citi sees potential risks from centre-right win in Italian September elections
Italy's centre-right bloc seems to be clearly headed towards an absolute majority at the elections due to take place on 25 September, Citi said.
China cuts key rates to boost flagging economy
China's central bank on Monday cut benchmark loan rates as it tried to boost sluggish economic activity, held back by continuing Covid lockdowns and a weak property market.
Fed will do what it takes to get inflation back to 2.0 per cent, Barkin says
The head of the Federal Reserve Bank of Richmond said that the US central bank would do "what it takes" to get inflation back down to 2%.
German producer prices surge at record pace in July amid dearer energy
Producer prices in the euro area's largest economy continued accelerating last month with energy prices more than doubled versus a year ago.
Fed's Bullard says he is leaning towards a 75bp rate hike at September meeting
A top US central bank official said he was leaning towards a 75 basis point interest rate hike at the central bank's next policy meeting.
Euro area July CPI confirmed at up by 8.9% on the year and 0.1% month-on-month
Revised data confirmed a modest rise in the cost of living in the euro area last month.
US existing home sales fall a bit more than expected in July
Existing-home sales in the US fell a tad more quickly than expected last month, although an industry lobby group held out the possibility that they might stabilise.
Philly Fed factory index improves in August
Manufacturing activity in the US mid-Atlantic region improved in August, the results of a closely-followed survey revealed.
ECB's Schnabel says euro area inflation outlook has not changed fundamentally
A top European Central Bank official said that the outlook for inflation in the single currency area had not improved.
US jobless claims drift lower during latest week
Unemployment claims data for the preceding week came in a tad better than expected.