Economic news



US house building gains, while construction permits at their maximum since 2007

US house building gains, while construction permits at their maximum since 2007

House building in the US grew to its maximum in a year last month, propelled by enlivening in the single-family housing units building, and it is expected to increase even more taking into account construction permits surging to record highs since 2007. 


UK to pursue Brexit scheme preferred by City of London
UK to pursue Brexit scheme preferred by City of London

UK is willing to pursue Brexit scheme for financial sector preferred by the City of London, but it has instantly faced opposition from the EU, two...

US declined the merger of Chicago Stock Exchange and China-based investment group
US declined the merger of Chicago Stock Exchange and China-based investment group

The United States have declined an offer to merge the Chicago Stock Exchange and a China-related investment group. It took over two years of...

Cisco to bring to U.S. $67 billion of funds
Cisco to bring to U.S. $67 billion of funds

Cisco Systems Inc reported its first increase in quarterly revenue in more than two years and announced its intention to repatriate about $67...

US consumer prices go up, while Consumer Price Index jumps the biggest in a year
US consumer prices go up, while Consumer Price Index jumps the biggest in a year

U.S. consumer prices showed higher-than-expected growth last month, while the underlying inflation added the biggest over a year, solidifying...

U.S. considers new tariffs on imported steel and aluminum
U.S. considers new tariffs on imported steel and aluminum

The Trump administration is considering various options for regulating imports of steel and aluminum, including the introduction of tariffs and...

Japan's economy rises for 8th consecutive quarter
Japan's economy rises for 8th consecutive quarter

Japan’s economy grew by 0.5% in the October-December quarter, Cabinet Office reported. The Japanese economy expanded for the eighth quarter...

Euro zone output leaps above forecast in December
Euro zone output leaps above forecast in December

Euro area industrial output soared more than anticipated in December, supported by the production of durable consumer goods and intermediate...

UK inflation remains steady at 3% in January
UK inflation remains steady at 3% in January

UK consumer price inflation held steady at 3 percent in January, the same level as in December, according to fresh data from the Office for...

Bitcoin-mining may overtake homes energy consumption in Iceland
Bitcoin-mining may overtake homes energy consumption in Iceland

In Iceland, bitcoin mining has entered the stage of "exponential" rise and this activity takes more and more energy resources of the...

U.S. budget is expected to reach $1 trillion annually in 2019
U.S. budget is expected to reach $1 trillion annually in 2019

The U.S. President Donald Trump's administration proposed a $4.4 trillion budget plan on Monday for the 2019 fiscal year. The plan includes...

Japanese government nominates Kuroda as Bank of Japan Gov. for second term
Japanese government nominates Kuroda as Bank of Japan Gov. for second term

Bank of Japan Governor Haruhiko Kuroda is likely to remain in office for a second five-year term. Prime Minister Shinzo Abe will nominate Kuroda...

Trump will seek $3 bln for U.S.-Mexico wall construction
Trump will seek $3 bln for U.S.-Mexico wall construction

The U.S. president’s budget plan, which is expected on February 12, will seek $3 bln as an initial phase for U.S.-Mexico border wall...

BOE signaled of bigger and sooner interest rate hikes
BOE signaled of bigger and sooner interest rate hikes

The BOE has signaled that the hike of interest rates could pace up in case the economy keeps the trend. The Bank’s officials in a unanimous...

U.S. Senate agrees to increase federal spending by nearly $300 bln
U.S. Senate agrees to increase federal spending by nearly $300 bln

The U.S. Senate yesterday agreed on a budget for two years and will bring up federal expenses by nearly $300 bln, trying to put an end to quarrels...

China's import soars 36.9 percent in January
China's import soars 36.9 percent in January

China reported a significant rise of in exports in January, despite the strengthening of the yuan and the complication of trade relations with the...

Britain’s economic expansion is expected to rise due to global upswing
Britain’s economic expansion is expected to rise due to global upswing

Britain’s economic expansion will likely pace up in 2018 following deceleration of the past year, as buoyant global economy compensates for...

UK real property prices drop for second straight month
UK real property prices drop for second straight month

UK house prices slipped to a six-month low in January as inflation continued to weighed on consumer budgets, fresh data from major mortgage lender...

U.S. trade deficit is the highest since October 2008
U.S. trade deficit is the highest since October 2008

The trade deficit of the United States reached its highest for a month and a year since the past contraction, which emphasizes the contradiction...

U.S. House of Representatives approves bill to extend government funding
U.S. House of Representatives approves bill to extend government funding

The House of Representatives on Tuesday night passed legislation to keep the federal government from shutting down and to run most agency funding...

World’s 500 richest people lost $114 billion due to fall in U.S. stocks
World’s 500 richest people lost $114 billion due to fall in U.S. stocks

According to the Bloomberg Billionaires Index (BBI), the world's 500 richest people lost $114 billion in a day amid plunge in U.S. stocks on...

Reduction of consumer buying power in UK hits retailers and services sector
Reduction of consumer buying power in UK hits retailers and services sector

UK retailers had to operate in difficult circumstances in the previous month, when shoppers preferred to save money for their basic set of...

German industry orders rise above forecasts in December
German industry orders rise above forecasts in December

German industrial orders increased more than forecasted in December, the Federal Statistics Office reported. Europe’s largest economy is...

Lloyds bank disallows purchase of bitcoins using credit cards
Lloyds bank disallows purchase of bitcoins using credit cards

Lloyds bank has made a decision to disallow purchasing bitcoins for its customers using credit cards as concerns arise it could find itself...

Seoul High Court reduces Samsung heir's five-year sentence
Seoul High Court reduces Samsung heir's five-year sentence

A South Korean high court handed down a 2 ½-year suspended jail sentence for corruption to Samsung heir Lee Jae-yong with a four-year...

Number of UK millionaires rises
Number of UK millionaires rises

UK families that could be counted millionaires increased by almost a third over the past two years, data reveals. Overall 3.6 mln Britain’s...

Fed tightens annual ‘stress test’ of largest banks
Fed tightens annual ‘stress test’ of largest banks

The U.S. Federal Reserve System has changed the parameters for the annual stress test of the country's largest banks. 

UK house prices rise in January stronger-than-expected
UK house prices rise in January stronger-than-expected

Annual house price growth in Britain rose 3.2% in January, beating forecasts, the Nationwide building society reported. The rate was stronger than...

Federal Reserve makes no changes to interest rates, forecasts inflation growth in 2018
Federal Reserve makes no changes to interest rates, forecasts inflation growth in 2018

The U.S. Fed left interest rates at the previous level yesterday, inflation though would probably go up in 2018 it said, strengthening views...

Fed will likely retain same interest rates after Yellen leaves office
Fed will likely retain same interest rates after Yellen leaves office

The U.S. Fed will likely retain interest rates at the previous level today, meanwhile showing signs of a step-by-step tightening of monetary...

President Trump calls on lawmakers to pass a $1.5 trillion bill for infrastructure renewal
President Trump calls on lawmakers to pass a $1.5 trillion bill for infrastructure renewal

President Trump addressed U.S. Congress yesterday urging it to pass a bill to approve $1.5 trillion at the minimum for infrastructure. 

Number of mortgages decrease, FCA expresses concerns over interest-only loans
Number of mortgages decrease, FCA expresses concerns over interest-only loans

Less and less mortgages are getting approval at the time when consumers tend to choose credit cards, new data shows. 

Euro zone economy grew 2.5% in 2017
Euro zone economy grew 2.5% in 2017

Euro zone GDP surged 2.5%, its fastest pace since 2007, Eurostat reported. Economic growth in the 19 countries that use the single currency...

UBS, HSBC and Deutsche Bank are charged with futures manipulations by the US
UBS, HSBC and Deutsche Bank are charged with futures manipulations by the US

3 banks headquartered in Europe were filed charges against by the US Department of Justice and US derivatives regulator. 

Davos looks forward to President Trump’s “America First” speech
Davos looks forward to President Trump’s “America First” speech

U.S. President Trump is to give his keynote speech, promoting his “America First” agenda, on Friday at the World Economic Forum in...

U.S. economy seemingly grew in October-December period due to spending increase
U.S. economy seemingly grew in October-December period due to spending increase

The economy of the United States seemingly gained momentum in the October-December period, helped by growth of spending among companies and...

Japan inflation rises 0.9% in December
Japan inflation rises 0.9% in December

Japan's core consumer price index in December increased by 0.9% in annual terms, the Ministry of Internal Affairs and Communications...

ECB to extend its massive bond-buying program
ECB to extend its massive bond-buying program

An ample degree of monetary stimulus remains necessary for underlying inflation pressure, the ECB's President Mario Draghi said on Thursday...

U.S. jobless claims rise by 17,000 in a week ended Jan. 20
U.S. jobless claims rise by 17,000 in a week ended Jan. 20

The number of U.S. citizens filing for unemployment benefits increased less than anticipated in a week ended Jan. 20., indicating tightening labor...

JPMorgan could shift over 4,000 jobs out of UK because of Brexit
JPMorgan could shift over 4,000 jobs out of UK because of Brexit

JPMorgan’s 4,000 jobs could be relocated to other countries in case Brexit negotiations lead to a separation of regulations and trade...

World economy growth is expected at heights last registered in 2010 this year
World economy growth is expected at heights last registered in 2010 this year

The world economy is forecasted to expand at a high rate in 2018 and get to a level last attained in 2010, as advanced countries pace up and...

Weak dollar supports U.S. economy – Mnuchin
Weak dollar supports U.S. economy – Mnuchin

The U.S. Treasury Secretary Stephen Mnuchin is not concerned about the weakening of the dollar, considering it a positive factor for trade. 

UK employment hits fresh record
UK employment hits fresh record

The number of people in work in the UK jumped essentially in the three months to November and basic pay growth accelerated at its fastest pace in...

German economic sentiment rises above forecasts in January
German economic sentiment rises above forecasts in January

Index of German economic sentiment for the next 6 months in January rose to 20.4 points from 17.4 points in December, the ZEW Centre for Economic...

UK competition regulator blocks Fox and Sky merger
UK competition regulator blocks Fox and Sky merger

The UK's Competition and Markets Authority (CMA) sadi that the takeover of Sky by 21st Century Fox owned by tycoon Rupert Murdoch, is not in...

Federal employees start Monday with government in shutdown
Federal employees start Monday with government in shutdown

U.S. federal employees started the day with the government being in the shutdown. Meanwhile the Senate was to continue its work with the purpose...

NAFTA is expected to be agreed upon, Trump though threatens to scrap it
NAFTA is expected to be agreed upon, Trump though threatens to scrap it

NAFTA will likely be agreed upon with the introduction of just slight changes, the bigger part of experts said in a poll by Reuters,...

House approves temporary funding bill, while Senate is torn
House approves temporary funding bill, while Senate is torn

Legislation to deter a threatening government shutdown in the United States faced hurdles in the Senate yesterday, even though the House of...

Fed's Dudley admits temporarily exceeding inflation target above 2%
Fed's Dudley admits temporarily exceeding inflation target above 2%

Bill Dudley, president of the Federal Reserve Bank of New York, considers it expedient to review Fed's inflation target of 2 percent. Dudley...

U.S. administration is at final stage with its infrastructure plan
U.S. administration is at final stage with its infrastructure plan

The U.S. administration is at the final stage of formulating its infrastructure plan, which would largely shift project financing to states and...

U.S. homebuilding in December fall at fastest pace since November 2016
U.S. homebuilding in December fall at fastest pace since November 2016

Housing starts in December in the U.S. fell by 8.2% compared to the previous month and to 1.192 million units, the Commerce Department...

China's economy grows faster than expected in October-December of 2017
China's economy grows faster than expected in October-December of 2017

The economy of China expanded at a higher rate than forecasted in the last quarter of 2017 compared to the same period of the preceding year,...

Apple to invest more than $350 billion into U.S. economy
Apple to invest more than $350 billion into U.S. economy

Apple intends to invest more than $350 billion into U.S. economy over the next five years, as well as open a second headquarters. 

EU car sales grow for fourth consecutive year
EU car sales grow for fourth consecutive year

Sales of cars in the European Union in 2017 increased for the fourth straight year, rising by 3.4% to 15.138 million units - its highest since...

GE considers breakup of company into separate businesses
GE considers breakup of company into separate businesses

General Electric Co. (GE) is considering the possibility of dividing the company into several businesses, Chief Executive John Flannery said....

German annual inflation slows to 1.7% in December
German annual inflation slows to 1.7% in December

In December 2017, consumer prices in Germany, calculated by national standards, increased by 1.7% compared to the same month in 2016, according to...

Number of international tourist arrivals rise 7% in 2017
Number of international tourist arrivals rise 7% in 2017

In 2017, the number of international tourist arrivals grew by 7% to 1.322 billion, according to to the UN World Tourism Organization (UNWTO). 

Asked prices for London homes fall the biggest since onset of financial crisis
Asked prices for London homes fall the biggest since onset of financial crisis

The home prices that Londoners are looking to get for their houses dropped the biggest from the onset of the financial crisis this January, while...

Ethereum sets another historic record and its yearly gain has made up more than 13,000%
Ethereum sets another historic record and its yearly gain has made up more than 13,000%

Ethereum set another historic record today, as the virtual currency has grown by over 60% in a week. The cryptocurrency leaped to $1,417.38,...

World economy will grow thanks to emerging countries in 2018
World economy will grow thanks to emerging countries in 2018

The world economy is expected to grow by 3.1% this year, a little higher than in 2017 and entering the year when it’ll approach or fulfill...

UK pound dips as cabinet reorganization is being watched
UK pound dips as cabinet reorganization is being watched

British pound dipped against the dollar on Monday as investors followed UK cabinet reorganization, though majority hold the opinion that bar any...


The economy as a key factor in currency and stock trading

The economy is one of the key factors in the degree of the influence on the currency market. Such economic indicators as gross domestic product, consumer indices, indices of industrial production, inflation and the labor market are very important for the traders in the analysis and the construction of their trading strategies.

Follow the news of the world economy for successful trading

Understanding of the formation of economic indicators provides an opportunity for participants in the Forex market to conduct a more efficient trade. Publications of economic news have a direct impact on the exchange rate and on the income of traders, that is why everything that happens in the world economy must be carefully taken into account by traders in their trading plans.
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