International Economic
US consumer confidence falls for third month in October
US consumer confidence dropped in October, with the Conference Board’s index falling to 102. 6 from a revised 104. 3 in September.
US house prices at all-time high in August, but falls projected
US house prices hit a record high in August, according to data out on Tuesday from the S&P Dow Jones Indices, though the recent rise in mortgage rates is likely to put downwards pressure on prices in the coming year.
Chicago manufacturing weakens further in October
The Chicago Business Barometer unexpectedly declined further in October, with activity contracting for the 14th straight month.
Eurozone inflation slows more than expected in October
The annual rate of consumer price inflation in the Eurozone slowed to its lowest level in two years this month, according to data released Tuesday by Eurostat, raising hopes that the European Central Bank (ECB) may loosen monetary policy sooner than expected next year.
Eurozone GDP contracts by 0.1% in third quarter
The Eurozone economy unexpectedly contracted in the third quarter, official figures from Eurostat revealed on Tuesday.
Bank of Japan tweaks yield policy
The Bank of Japan announced a tweak to its yield curve control on Tuesday, saying it would allow yields on the 10-year government bond to rise above 1%.
China's manufacturing sector unexpectedly contracts in October
China’s manufacturing sector experienced an unexpected contraction in October, according to official data released on Tuesday.
German retail sales unexpectedly drop in September
Retail sales in Germany unexpectedly slumped in September, government figures revealed on Tuesday, capping off a weak third quarter for the economy.
Eurozone economic sentiment falls for sixth straight month
Business and consumer sentiment about the economy fell slightly in the Eurozone this month, according to statistics released by the European Commission on Monday.
German GDP contracts less than expected in Q3
The German economy shrunk less than expected in the third quarter, figures from the federal statistics office Destatis revealed on Monday.
Fed’s preferred inflation gauge eases in September
The US Federal Reserve’s preferred inflation gauge eased in September, according to figures released on Friday by the Commerce Department.
US Q3 GDP jumps past forecasts, inflation slows
America's economy grew at an accelerated pace during the third quarter, bolstered by household spending, while price pressures ebbed further.
Weekly US jobless claims rise as expected
Jobless claims in the U. S. rose as expected during the preceding week, reflecting companies' efforts to hold onto workers.
ECB leaves interest rates on hold, as expected
The European Central Bank left interest rates on hold on Thursday, as widely expected, after 10 consecutive hikes.
US new home sales surge in September
New home sales in the US came in at an accelerated clip in September, rising 12. 3% month-on-month to the highest level seen since February 2022.
German business sentiment surprises on the upside
Business sentiment in Germany strengthened in October, a closely-watched survey showed on Wednesday.
China approves £110bn sovereign bond issue
Beijing has backed a major sovereign bond issue as the authorities look to boost China’s faltering economy.
US business activity picks up a little in October
US business activity picked up a little in October, while inflationary pressures eased, according to a survey out on Tuesday.
Eurozone composite PMI drops to three-year low in October
The economic downturn in the Eurozone deepened in October, with private sector output declining at its steepest rate in 35 months, according to 'flash' purchasing managers' indices (PMIs) out on Tuesday.
German consumer sentiment weakens further as recovery hopes fades
Consumer sentiment in Germany declined for a third straight month in October, as hopes of a recovery before the end of the year begin to fade.