China Mid-Year Economic Outlook
Executive Summary Real GDP growth in China slowed slightly in Q2-2018, but the slowdown was in line with expectations. Retail sales growth helped prop up economic growth, as industrial production and investment spending both continued to decelerate in the quarter....
Gold Dips as Retail Sales Climb
Gold has posted slight losses in the Monday session. In North American trade, the spot price for one ounce of gold is $1239.15, down 0.20% on the day. On the release front, U.S core retail sales dropped to 0.4%, matching...
The bond market may be raising recession fears, but don’t expect one anytime soon
A trend in the bond market that has a long history of foreboding accuracy has kindled talk of a recession, but it could be a long conversation. Current conditions suggest little danger of a significant economic downturn. Consumers and business...
IMF: World economy likely to grow 3.9% this year
The International Monetary Fund is keeping its forecast for global economic growth unchanged at 3.9 percent this year despite worries about rising trade tensions and higher oil prices. But the lending agency is downgrading the outlook for Europe and Japan....
UK Jobs and Wage Figures Eyed by Pound amid Brexit Turmoil
The UK’s Office for National Statistics will publish its latest stats on the labour market on Tuesday at 08:30 GMT. The report will be the first of three major releases out of the UK this week, which come just a...
AMD shares rise after Stifel predicts higher profitability for chipmaker
AMD’s new chips will boost the company’s profit margin in its third quarter, according to Stifel. The firm raised its price target for AMD’s stock to $21 from $17 and reiterated its buy rating for the company’s shares. The new...
Macaskill on markets: Deutsche Bank’s lessons for SoftBank
His former employer has never recovered from the excesses of the era, when a group of derivatives experts built a trading business that eventually proved to have serious long-term risk-management flaws. The day after its recent stress-test failure in late...
Business inventories rise; sales gain biggest in eight months
U.S. business inventories rose steadily in May and sales recorded their biggest increase in eight months, government data showed on Monday. The Commerce Department said business inventories increased 0.4 percent after an unrevised 0.3 percent gain in April. May’s rise...
Euro Lifted as EU Made Progress With China, Dollar Soft after Retail Sales
Dollar remains generally weak in early US session despite a mild lift from retail sales data. While the greenback and Japanese yen are competing as the weakest one, Canadian Dollar joins the race as WTI crude oil drips below 70...
US sales and employment are likely to grow, a survey of economists shows
Most U.S. business economists expect corporate sales to grow over the next three months and hiring and pay to rise with them. But a majority of the economists surveyed by the National Association for Business Economics say the corporate tax...
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