International Economic
US consumer confidence edges up in December, inflation expectations mixed
Consumer confidence in the US rose modestly, although inflation expectations were mixed, the results of a closely followed survey revealed.
Americans spend at steady clip in November, PCE prices miss forecasts
Americans continued to spend at a steady clip last month, while prices rose by a tad less than anticipated.
German PPI unexpectedly turns positive
The annual change in wholesale prices in Germany unexpectedly turned positive in November for the first time in 17 months, according to data from Destatis on Friday.
China leaves benchmark rates unchanged
China left benchmark lending rates unchanged at Friday’s monthly fixing, in line with expectations.
US existing home sales rise past forecasts in November
Second-hand home sales in the States jumped last month.
Philly Fed index surprises to the downside in December
Activity in the US mid-Atlantic region weakened at the end of 2024, the results of a closely followed survey showed.
US initial jobless claims fall by 22,000
Americans lined up for unemployment benefits at a decelerated pace in the week ended 14 December, according to the Labor Department.
Norges Bank leaves rates on hold at 4.50%, signals March rate cut
Norway's central bank kept interest rates on hold on Thursday at a 16-year high of 4. 50%, as widely expected.
Swedish central bank cuts interest rates for fifth time this year
Sweden's central bank reduced interest rates to their lowest level in almost two years on Thursday and signalled that another cut could be on the cards early next year.
Bank of Japan holds rates steady; Yen falls
The Bank of Japan held interest rates unchanged at 0. 25%, in line with expectations, sending the yen to a one-month low.
German consumer confidence improves but remains low
Consumer confidence in Germany increased more than expected as income expectations and willingness to buy both improved.
'We are significantly closer to neutral', Fed's Powell says
The US central bank cut rates as expected but policymakers indicated that they were now anticipating fewer reductions in 2025.
US building permits grow 6.2pc, housing starts unexpectedly decline
US building permits surged 6. 1% in November to a seasonally adjusted rate of 1. 50m, according to the Census Bureau, erasing October's 0. 4% decline and well and truly ahead of expectations for a print of 1. 43m.
Eurozone Nov CPI revised down to 2.2%
Eurozone inflation was revised downward slightly to 2. 2% in November from 2. 3%, according to final figures published on Wednesday.
Wednesday preview: US Fed decision, UK CPI in the spotlight
Wednesday will bring with it the week's key risk event, the Federal Reserve's policy announcement.
US industrial output falls short in November
Industrial output in the US dropped unexpectedly last month, amid a downdraft in Mining and Utilities, whilst manufacturing staged a small bounce as the strike at Boeing ended.
Autos boost US retail sales in November
US retail sales grew more quickly than anticipated in November, in large part due to a jump in outlays for motor vehicles and parts.
German business sentiment unexpectedly improves in December - ZEW
German business sentiment unexpectedly improved in December, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim.
Eurozone trade surplus shrinks more than expected
The eurozone trade surplus shrank substantially in October, according to figures from Eurostat on Tuesday, with the balance falling to its second-lowest level in 14 months.
German business sentiment deteriorates in December - Ifo
German business sentiment deteriorated in December, according to a survey released on Tuesday by the Ifo Institute.