Economy News



Business mood in euro zone’s three top economies is down, suggesting growth deceleration

Business mood in euro zone’s three top economies is down, suggesting growth deceleration

Business mood of the top 3 economies of the euro zone, namely Germany, France and Italy, pulled back this month due to restrained production because of a higher euro and insufficient capacity, which means that growth in the region has come to its limit. 


Today
UK budget deficit shrinks to 2.1% of GDP
UK budget deficit shrinks to 2.1% of GDP

The UK public sector net borrowing dropped to £42.6bn in the 2017-18 financial year, the Office for National Statistics (ONS) reported. 

April 23, 2018
UK factories suffer from cyber attacks
UK factories suffer from cyber attacks

Britain has fallen victim to clandestine cyber attacks on over 80 factories, with the implementation of methods that could bear risks to national...

April 20, 2018
U.S. sales of houses costing $750,000 or more leap
U.S. sales of houses costing $750,000 or more leap

A deficit of houses, together with brisk economy and high demand have caused home prices in the biggest U.S. cities rise above $1 mln, diminishing...

April 19, 2018
World economy is robust though trade war threatens slowdown
World economy is robust though trade war threatens slowdown

The world economy is going to advance in 2018, growing at the top rate since 2010, however, trade protectionism can easily make it lose vigour,...

April 18, 2018
UK inflation is at a year’s minimum
UK inflation is at a year’s minimum

Britain’s inflation of consumer prices moved down to 2.5% last month, the least figure in a year, data by the Office for National Statistics...

Goldman Sachs predicts aluminum prices to rise
Goldman Sachs predicts aluminum prices to rise

Goldman Sachs Group Inc. predicts that the rally in the global aluminum market caused by U.S. sanctions against a number of Russian citizens and...

April 17, 2018
House building in the U.S. rises, while construction of single-family homes is still low
House building in the U.S. rises, while construction of single-family homes is still low

House building in the United States grew past expectations last month as construction of multi-family homes is again on the rise, at the same time...

China’s economy grows briskly in the first quarter driven by customer demand
China’s economy grows briskly in the first quarter driven by customer demand

The economy of China expanded by 6.8% in the January-March quarter, a bit exceeding forecasts, thanks to high customer demand, active investment...

China to allow full foreign ownership of automakers by 2022
China to allow full foreign ownership of automakers by 2022

China plans to scrap a limit on foreign ownership of automotive ventures by 2022. As expected, this will provide significant support to foreign...

UK unemployment falls to 4.2% - its lowest since 1975
UK unemployment falls to 4.2% - its lowest since 1975

Unemployment rate in the UK dropped unexpectedly to 4.2% in the three months to February, the Office for National Statistics reported on Tuesday....

April 16, 2018
U.S. retail sales grew in March
U.S. retail sales grew in March

Retail sales in the United States moved upwards last month, following three months of fall, due to the growing number of car and other high-priced...

April 13, 2018
China’s foreign sales of March show sudden drop
China’s foreign sales of March show sudden drop

China’s foreign sales surprisingly dropped last month, the first such case since February, 2017, which raises concerns over the strength of...

U.S. wants to re-enter Pacific trade deal under better terms
U.S. wants to re-enter Pacific trade deal under better terms

U.S. President Donald Trump told his top economic advisors to consider rejoining a multicountry trade agreement known as the Trans-Pacific...

April 12, 2018
Hong Kong intervenes in exchange rate of local currency
Hong Kong intervenes in exchange rate of local currency

The financial regulator of Hong Kong conducted interventions in the currency market for the first time since 2015. 

Jamie Dimon says U.S. economy is in good shape
Jamie Dimon says U.S. economy is in good shape

Yesterday’s words by Jamie Dimon, CEO of JPMorgan Chase, claim that the U.S. economy is still in good shape and there are no conditions that...

April 11, 2018
U.S. firms learnt how to avoid taxes
U.S. firms learnt how to avoid taxes

15 American companies avoided tax for around $25 bln earnings total in 2017, yesterday’s data showed. Among these firms are Amazon, Duke...

April 6, 2018
U.S. creates least number of new jobs in past six months
U.S. creates least number of new jobs in past six months

The number of newly created jobs in the U.S. is the smallest in the past six months in March as the support from mild temperatures is over, but a...

Samsung posts record first quarter profit
Samsung posts record first quarter profit

Samsung Electronics Co. reported highest ever first-quarter operating profit, which soared 57.6 percent from a year earlier to 15.6 trillion won...

April 5, 2018
Fed may have to act more quickly to hold back inflation - JPMorgan Chase CEO
Fed may have to act more quickly to hold back inflation - JPMorgan Chase CEO

The chief executive officer of JPMorgan Chase & Co. James Dimon believes that the Federal Reserve may have to resort to "decisive...

UK’s new vehicle registrations decline throughout a year
UK’s new vehicle registrations decline throughout a year

Britain’s new car registrations quantity fell in March, completing a year of constant decline, as latest data by the Society of Motor...

April 4, 2018
Euro area inflation accelerates in moderate support for ECB policy
Euro area inflation accelerates in moderate support for ECB policy

Euro area inflation rose in line with forecasts in March mainly due to more expensive food and services, fresh figures showed on Wednesday,...

U.S. presents one more list of tariffs, China prepares to retaliate
U.S. presents one more list of tariffs, China prepares to retaliate

The U.S. administration continued with their decision of imposing tariffs on China’s tech and industrial goods for around $50 bln, as China...

U.S. publishes list of about 1,300 Chinese exports that could be hit with 25% tariff
U.S. publishes list of about 1,300 Chinese exports that could be hit with 25% tariff

The United States published a list of about $50 billion worth of Chinese goods, which could be targeted for tariffs. This measure is provided by...

April 3, 2018
UK’s production growth is the lowest in a year in January-March
UK’s production growth is the lowest in a year in January-March

UK’s production growth slowed to the lowest level in a year this quarter, as a survey made public today showed, which means that the economy...

Audi plans to sell 1.2 million vehicles in China by 2023
Audi plans to sell 1.2 million vehicles in China by 2023

Volkswagen's Audi AG plans to double car sales in China over the next six years. The company aims to sell 1.2 million cars in China, sales...

China announced additional tariffs on U.S. products
China announced additional tariffs on U.S. products

Retaliatory measures to U.S. hiked tariffs on aluminum and steel have come from China, it has raised tariffs on 128 American products by up to...

April 2, 2018
Huge inequality in UK’s retirement income, new analysis shows
Huge inequality in UK’s retirement income, new analysis shows

A person residing within London’s City receives an average retirement income three times as big as that of people living somewhere in...

Wall Street's analysts raise oil prices forecast
Wall Street's analysts raise oil prices forecast

Wall Street banking analysts expect that a decrease in global fuel supplies and growing geopolitical risks that could negatively affect global...

March 30, 2018
Home prices in UK decline, as London shows biggest fall
Home prices in UK decline, as London shows biggest fall

Britain’s home prices declined in March for the second straight month, as London became the region with worst dynamics, shows data by...

Walmart discusses possible acquisition of Humana
Walmart discusses possible acquisition of Humana

The world's largest retailer Walmart is in early-stage talks with health insurer Humana Inc about a possible acquisition, The Wall Street...

China to create the world's largest shipyard
China to create the world's largest shipyard

China’s cabinet is considering to combine its two biggest shipbuilders to create on their base the world's largest shipyard that would...

Trump attacks Amazon over its business practices
Trump attacks Amazon over its business practices

U.S. President Donald Trump escalated his attack on Amazon, accusing it of underpayment of taxes, oppression of retailers and abuse of postal...

March 29, 2018
Number of Americans seeking jobless benefits at the minimum of over 45 years
Number of Americans seeking jobless benefits at the minimum of over 45 years

Lesser people in the United States are seeking to get jobless benefits, the number of such unemployed dropped to the lowest in over 45 years in...

London may ban selling Russian debt on London markets
London may ban selling Russian debt on London markets

Britain's Prime Minister Theresa May agreed to consider imposing a ban on the sale of Russia's sovereign debt securities on the City of...

March 28, 2018
U.S. drivers of BMW diesel cars sue the company for manipulations with emissions systems
U.S. drivers of BMW diesel cars sue the company for manipulations with emissions systems

Another car manufacturer is sued by U.S. drivers for equipping vehicles with special programs developed to falsify diesel-emissions, this time...

SoftBank to create the world’s biggest solar power project in Saudi Arabia
SoftBank to create the world’s biggest solar power project in Saudi Arabia

SoftBank and Saudi Arabia are planning to launch the world's largest solar energy project. The development of this plan will begin this year...

China is making its own list of tariffs on U.S. goods
China is making its own list of tariffs on U.S. goods

China is making a list of response tariffs on U.S. goods imported into China as a protective measure ahead of an announcement by the U.S. of fresh...

March 27, 2018
Business sentiment of euro zone down, suggesting economic expansion slowdown
Business sentiment of euro zone down, suggesting economic expansion slowdown

Business sentiment in the 19 states using the euro is down for the third straight month in March, as the European Commission’s figures...

MSCI Emerging Market Index rises to a record high
MSCI Emerging Market Index rises to a record high

MSCI Emerging Markets Index rose to a record peak, as easing tensions in U.S.-China trade relations and the recovery of stock markets spurred...

Home prices tumble across half of London, the biggest affected area since 2008 crisis
Home prices tumble across half of London, the biggest affected area since 2008 crisis

Home prices are tumbling in nearly half of the UK capital’s postcode districts, as new data demonstrates, it is the largest housing price...

March 23, 2018
EU and six countries are for a time exempted from new U.S. import tariffs
EU and six countries are for a time exempted from new U.S. import tariffs

President Trump has for a certain period exempted Canada, Mexico and some other countries, including EU states from the raised U.S. import tariffs...

China to impose tariffs on up to $3 billion of U.S. imports
China to impose tariffs on up to $3 billion of U.S. imports

China could levy additional duties on $3 billion worth of imports of US goods, responding to imposed tariffs on imports of aluminum and steel in...

U.S. Senate averts government shutdown, approving spending bill
U.S. Senate averts government shutdown, approving spending bill

The U.S. Congress approved a $1.3-trillion government funding bill, avoiding the government's shutdown. Earlier, the bill was backed by the...

Japan’s key inflation gauge inches up to 1%
Japan’s key inflation gauge inches up to 1%

Japan's core inflation ticked up to 1% for the first time in three and a half years in February, remaining far from the BOJ’s target of...

March 22, 2018
Bank of England leaves interest rate at 0.5%
Bank of England leaves interest rate at 0.5%

The Bank of England kept its interest rates unchanged on Thursday at 0.5 percent, though two of the nine the BoE’s Monetary Policy Committee...

Fed raises interest rates and projects tougher policy due to stronger economy
Fed raises interest rates and projects tougher policy due to stronger economy

The Fed hiked interest rates yesterday and projected two more at the minimum this year, emphasizing its strong belief that tax overhaul and...

U.S. Congress passes $1.3 trillion spending bill
U.S. Congress passes $1.3 trillion spending bill

The U.S. Congress released late Wednesday night a $1.3 trillion spending bill, which boosts defense spending by $80 billion in fiscal 2018. 

March 21, 2018
Investors file lawsuit against Facebook due to Cambridge Analytica scandal
Investors file lawsuit against Facebook due to Cambridge Analytica scandal

A group of investors filed a lawsuit against Facebook due to the scandal involving Cambridge Analytica, CNN reported. 

Business mood in Asia reaches its maximum in seven years
Business mood in Asia reaches its maximum in seven years

Business confidence in Asia grew in the January-March period to the maximum in the past seven years, a new poll by Thomson Reuters/INSEAD...

Federal Reserve under Powell will likely lift interest rates
Federal Reserve under Powell will likely lift interest rates

The Fed will likely lift interest rates at the first gathering under the leadership of Jerome Powell and could announce that there’ll be...

March 20, 2018
Germany’s investors’ sentiment fades because of U.S. import tariffs
Germany’s investors’ sentiment fades because of U.S. import tariffs

The sentiment of Germany’s investors faded this month, a poll revealed today, mirroring growing vagueness of the detriment the EU’s...

March 19, 2018
U.S. trade associations urge Trump not to impose tariffs on China
U.S. trade associations urge Trump not to impose tariffs on China

Forty-five trade associations representing companies from many sectors of the U.S. economy appealed to President Donald Trump to postpone the...

March 16, 2018
US house building drops, mainly due to multi-family homes
US house building drops, mainly due to multi-family homes

House building in the US dropped lower than forecasted last month, as growth in single-family housing construction was marred by a fall in the...

Political scandal involving Shinzo Abe hasn’t damaged Japanese shares by now
Political scandal involving Shinzo Abe hasn’t damaged Japanese shares by now

In the week Prime Minister of Japan Shinzo Abe became embroiled in, perhaps, the deepest political scandal over his five years at the helm of the...

Fed is expected to increase rates faster in 2018 - WSJ survey
Fed is expected to increase rates faster in 2018 - WSJ survey

Most Wall Street economists expect the Federal Reserve this year to raise short-term interest rates faster in order to keep inflation under...

Glencore to sell third of its cobalt production to China
Glencore to sell third of its cobalt production to China

Glencore, the world's largest cobalt producer, has signed an agreement with the Chinese company GEM on deliveries of more than 50,000 tons of...

March 15, 2018
EU considers
EU considers "digital tax" on revenue of large technology companies

The EU is preparing to impose a so-called "digital tax" on revenue of major technology companies in the European market. 

Dublin stands higher than London in living costs ranking
Dublin stands higher than London in living costs ranking

Now Dublin is ranked higher by living costs than London due to the fall of pound caused by Brexit. 

U.S. Senate eases bank rules
U.S. Senate eases bank rules

The U.S. Senate voted 67 to 31 on Wednesday to approve a plan to exempt dozens of banks from the Dodd-Frank Wall Street reform law. U.S. lawmakers...

March 14, 2018
Wage growth in Japan is expected to accelerate almost 2.5%
Wage growth in Japan is expected to accelerate almost 2.5%

Big Japanese companies are expected to announce annual wage hikes at the fastest pace in decades. Earlier, Prime Minister Shinzo Abe’s urged...


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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