Economy News



Prices in Britain will likely rise under WTO tariffs, households could lose £1,000 a year

Prices in Britain will likely rise under WTO tariffs, households could lose £1,000 a year

Britain’s families are going to lose up to £1,000 a year after Brexit compared to stay-in-the-EU scenario, as research shows. In case the UK arrives to no agreement and goes back to WTO tariffs, the country would suffer losses of £27 bln due to higher trade barriers and more exp...


June 19, 2018
U.S. housing starts are at their peak of over 10 years
U.S. housing starts are at their peak of over 10 years

House-building in the United States soared to a record level in almost 11 years last month as a rise in construction of single-family and...

People in the UK prefer using debit cards instead of paying in cash
People in the UK prefer using debit cards instead of paying in cash

In Britain debit card payments have climbed to the first position as the most widespread means of payment, while cash moved to the second place,...

June 18, 2018
UK’s homes market in the north robust unlike the south
UK’s homes market in the north robust unlike the south

The residential market of the United Kingdom has formed two contrasting areas – the north with its vigorous activity and the south marked by...

British economy experiences the slowest expansion since the financial crisis
British economy experiences the slowest expansion since the financial crisis

Britain’s growth projection for this year has been lowered by the British Chambers of Commerce, it also signaled that the country is going...

June 15, 2018
U.S. industrial production slid in May, pulled down by drop in manufacturing
U.S. industrial production slid in May, pulled down by drop in manufacturing

Industrial output of the U.S. inched lower last month as manufacturing production showed steep fall, today’s report by the Fed said.

U.S. is ready to produce another tariff list, as trade war with China threatens to burst out
U.S. is ready to produce another tariff list, as trade war with China threatens to burst out

The U.S. is almost finished with its new tariff list on $100 bln of Chinese products, while President Trump is about to sign the first portion of...

U.S. registers rise in consumer spending as unemployment keeps diminishing
U.S. registers rise in consumer spending as unemployment keeps diminishing

Retail sales in the United States gained more than predicted last month, when Americans purchased higher numbers of automobiles and other products...

Bank of Japan keeps its ultra-easy monetary policy
Bank of Japan keeps its ultra-easy monetary policy

The Bank of Japan held its ultra-loose monetary policy but downgraded its view on inflation, as widely expected.

June 14, 2018
ECB plans to wind up its massive bond purchases by the end of 2018
ECB plans to wind up its massive bond purchases by the end of 2018

The ECB announced that it will terminate the policy of massive stimulus till the year’s end, but it intends to leave interest rates without...

UK customers flood stores excited by royal wedding and summer weather
UK customers flood stores excited by royal wedding and summer weather

May’s spike in UK retail sales marked the second consecutive month of rises, dramatically surpassing forecasts thanks to the royal wedding...

U.S. Federal Reserve raises rates, turning away from its policy of counteracting crisis
U.S. Federal Reserve raises rates, turning away from its policy of counteracting crisis

Interest rates in the U.S. were raised yesterday, a step awaited by many but nevertheless becoming emblematic in the policies of the Federal...

Volkswagen fined €1bn in Germany over its diesel emissions scandal
Volkswagen fined €1bn in Germany over its diesel emissions scandal

The Braunschweig public prosecutor has fined сar giant Volkswagen with €1bn over emissions cheating scandal. The car maker agreed with the...

June 13, 2018
U.S. producer prices grow on surging gasoline
U.S. producer prices grow on surging gasoline

Producer prices in the U.S. rose exceeding forecasts last month, which becomes a record yearly growth in almost 6 years and a half, though producer...

Britain’s May data shows inflation is steady
Britain’s May data shows inflation is steady

Inflation in the UK rose firmly at 2.4% last month, though estimates by economists from the City had been 2.5%, considering the rise in the petrol...

U.S. consumer prices register mild rise in May
U.S. consumer prices register mild rise in May

Consumer prices in the United States grew modestly last month in view of eased increases in gasoline prices, which could encourage the Fed to go on...

June 12, 2018
UK feels less pressure to raise interest rates after earnings growth slowed down
UK feels less pressure to raise interest rates after earnings growth slowed down

The BoE is slightly relieved of the urge to lift interest rates as the fresh official data demonstrated that wage growth paced down regardless of...

Germany’s investor mood falls due to trade dispute and uncertainty in Italy
Germany’s investor mood falls due to trade dispute and uncertainty in Italy

Investor optimism in Germany slid this month to the worst reading since September 2012, as today’s survey reveals, dragged down by an...

June 11, 2018
UK will enforce laws obliging large businesses to publish differences in pays of CEO and employees
UK will enforce laws obliging large businesses to publish differences in pays of CEO and employees

UK’s top firms will have to report on the gap in earnings of their CEO and an average employee in accordance to the proposed laws from 2020.

UK manufacturing production shows largest monthly drop in over 5 years
UK manufacturing production shows largest monthly drop in over 5 years

The UK factory production surprisingly slumped in April at the fastest pace in 5 1/2 years 2012, due to weaker domestic and external demand,...

June 8, 2018
Shares of Apple lose 2% as suppliers are told to cut iPhone parts production
Shares of Apple lose 2% as suppliers are told to cut iPhone parts production

Apple’s shares declined 2% today during premarket trading in the United States, on the heels of the news that the tech company asked...

British economy is going to perform worse than other developed states
British economy is going to perform worse than other developed states

The UK economy is expected to fall behind other advanced countries in 2018 as the time of Brexit approaches, as says the estimates by the...

Japan's economy shrinks 0.6 percent in first quarter
Japan's economy shrinks 0.6 percent in first quarter

A weaker-than-expected Japan’s economic data, which suddenly seems to be stammering after two years of stable growth, raises the probability...

Less Americans apply for unemployment pay as jobs market picks up momentum, weekly data shows
Less Americans apply for unemployment pay as jobs market picks up momentum, weekly data shows

U.S. data shows that the number of jobless claims surprisingly dropped in the past week, suggesting ongoing labor market tightening.

Italy’s growth will be pacing down in the following months
Italy’s growth will be pacing down in the following months

Economic expansion of Italy is expected to slow in the next months, according to today’s data by ISTAT, the country’s office for...

June 7, 2018
Eurostat confirms slowdown in euro zone growth
Eurostat confirms slowdown in euro zone growth

The euro area economy expanded by 0.4 percent in the first three months of this year compared to the previous period, Eurostat reported on...

June 6, 2018
Grown export cuts U.S. trade deficit to the lowest in over half a year
Grown export cuts U.S. trade deficit to the lowest in over half a year

The trade deficit of the United States dipped to the least in seven months in April, with increase in exports to the highest level, buoyed by sales...

UK car sales rise 3.4 percent despite political uncertainty
UK car sales rise 3.4 percent despite political uncertainty

Britain's car sales increase by 3.4 percent in May, posting a second successive month of growth, though new registrations have slumped 7...

June 5, 2018
Britain’s services industry reinvigorates, though worries over Brexit impede expansion
Britain’s services industry reinvigorates, though worries over Brexit impede expansion

The UK economy seems to be past the bottom of deceleration that took place as of late caused by inclement weather, as the services sector...

Prospects for euro zone’s economy turn less glittery
Prospects for euro zone’s economy turn less glittery

Business activity in the euro zone continued to pace down last month, revealed a survey published today, and there are signs that this trend is...

UK sells RBS shares and incurs loss of $2.66 bln
UK sells RBS shares and incurs loss of $2.66 bln

UK’s 7.7% of Royal Bank of Scotland shares are sold for £2.5 bln or $3.33 bln today, with the government being aware of losing over...

ECB reduces buying of Italian bonds in May
ECB reduces buying of Italian bonds in May

The European Central Bank (ECB) last month cut the share of Italian assets, mainly government bonds, purchased as part of the quantitative easing...

June 4, 2018
Earnings projections of leading airlines are cut
Earnings projections of leading airlines are cut

The globe’s largest airlines will suffer fall in earnings as costs of fuel and labor grow, according to the dedicated trade agency. The...

Euro zone’s index of investor optimism at the lowest point since 2016
Euro zone’s index of investor optimism at the lowest point since 2016

The euro zone’s investor sentiment has plummeted to its record low from October 2016 on concerns of trade dispute with the U.S. and political...

Britain’s business investment affected by Brexit
Britain’s business investment affected by Brexit

UK business investment has shrunk to minimum in a year, pulled down by lack of clarity concerning the country’s exit from the EU, as a survey...

June 1, 2018
U.S. job gains intensify as the rate of unemployment dips
U.S. job gains intensify as the rate of unemployment dips

Job gains in the United States picked up steam in May, while the jobless rate fell to 3.8%, the lowest in 18 years, which is indicative of actively...

S&P downgrades Deutsche Bank in view of drastic restructuring
S&P downgrades Deutsche Bank in view of drastic restructuring

S&P Global Ratings lowered Deutsche Bank’s credit rating, undermining attempts of Christian Sewing, the new CEO, to reanimate the biggest...

China to cut import tariffs on nearly 1,500 consumer products
China to cut import tariffs on nearly 1,500 consumer products

China will cut import tariffs on 1,449 consumer products from most favored countries from July 1, the State Council said. As a result, the average...

May 31, 2018
U.S. consumer expenditure expands in April
U.S. consumer expenditure expands in April

Consumer expenditure in the U.S. grew exceeding forecasts last month, another evidence of growth picking up traction at the start of the second...

UK property prices dropped in May as the market is pressured
UK property prices dropped in May as the market is pressured

Britain’s prices on houses dipped this month as a struggling economy, squeeze on family budgets and potential hike in interest rate weighed...

Euro zone inflation exceeds forecasts in May
Euro zone inflation exceeds forecasts in May

Euro area inflation leaped well above predictions in May on higher energy costs, bringing alleviation to the European Central Bank after market...

Britain’s consumer confidence shows no progress
Britain’s consumer confidence shows no progress

May’s consumer confidence in Britain grew, though stayed in negative, as the latest data showed.

UK regulator looks to support financially vulnerable
UK regulator looks to support financially vulnerable

The UK’s financial agency has offered some actions to support people burdened with high-cost credit charges. Among the chief proposals is a...


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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