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Economic Reports Economic Forecasting

  • *Chipmaker ASM International falls as Q3 outlook disappoints. LONDON, July 26- Supportive crude prices and strong results from energy firms and autos companies helped European shares inch higher on Wednesday, while banks were the worst-performing sector as results disappointed. "Indications are more positive on the outlook for energy stocks, especially for...

  • *Increased demand from China boosts results. July 25- Caterpillar Inc's results smashed expectations and the company raised its full-year forecast for the second time, underscoring strength across its businesses and a steady recovery in demand from China. While acknowledging that markets remain challenged, Chief Executive Jim Umpleby said "construction...

  • WASHINGTON, July 25- U.S consumer confidence jumped to a near 16- year high in July amid optimism over the labor market while house prices maintained their upward trend in May, which could boost consumer spending after recent sluggishness. "This brightens the outlook for the economy as we enter the second half of the year," said Chris Rupkey, chief economist at MUFG...

  • *Dollar index hits lowest level since June 2016. NEW YORK, July 25- The dollar fell to its lowest level since June 2016 against a basket of major currencies on Tuesday as investors grew wary of the short-term U.S. economic outlook ahead of a meeting by the Federal Reserve and got more bullish on the euro zone. The euro rose to a high of $1.1711, matching its high from Aug....

  • *Increased demand from China boosts results. July 25- Caterpillar Inc's results smashed expectations and the company raised its full-year forecast for the second time, underscoring strength across its businesses and a steady recovery in demand from China. While acknowledging that markets remain challenged, Chief Executive Jim Umpleby said "construction...

  • LONDON, July 25- Uganda's new-found oil reserves may account for as much as 4 percent of its economy annually in coming years if managed well, the International Monetary Fund's country chief says. IMF Mission Chief for Uganda Axel Schimmelpfennig writes in a blog post that the country also needs some strategic infrastructure investment and better debt...

  • BERLIN— A survey shows that business confidence in Germany has risen to another record high as managers' view of both their outlook and their current situation brightens. The Ifo institute said Tuesday that its monthly confidence index was up to 116.0 points for July from 115.2 in June, the previous record. Germany's economy, the largest in the 19- country...

  • LONDON, July 25- Sterling steadied just above $1.30 on Tuesday, unable to break out against a broadly weaker dollar as worries over Brexit and the pace of UK economic growth swirl. "Overall the Cable rate has struggled to sustain rallies above $1.3000, weighed down by recent softer UK inflation readings and ongoing worry over the outlook," said LMAX Exchange...

  • LONDON, July 25- Sterling steadied just above $1.30 on Tuesday, unable to break out against a broadly weaker dollar as worries over Brexit and the pace of UK economic growth swirl. "Overall the Cable rate has struggled to sustain rallies above $1.3000, weighed down by recent softer UK inflation readings and ongoing worry over the outlook," said LMAX Exchange...

  • *Outlook improving for euro zone, China economies. Undermining the case for a Fed rate increase in coming months, the dollar has been hit by weak U.S. data that has contrasted with an improving economic outlook in Europe and China. "I don't think this is a dollar-negative story so much as a relatively optimistic story for the other parts of the world and that...

  • TOKYO— Share benchmarks rose in Europe early Tuesday, buoyed by reports showing an improved economic outlook, as investors awaited a slew of corporate earnings reports. The FTSE 100 of Britain jumped 0.9 percent to 7,440.91. UPBEAT IN EUROPE: The International Monetary Fund's latest economic projections revised growth forecasts upward for economies in the...

  • KUALA LUMPUR, July 24- The International Monetary Fund kept its growth forecasts for the world economy unchanged for this year and next, although it revised up growth expectations for the euro zone and China. In an updated World Economic Outlook released on Monday in Kuala Lumpur, the IMF said global gross domestic product would grow 3.5 percent in 2017 and 3.6...

  • Closing Bell Exchange: Energy the only true laggard in S&P

    Discussing the current state of the markets with Peter Boockvar, The Lindsey Group; Steve Grasso, Stuart Frankel; and CNBC’s Rick Santelli.

  • WASHINGTON— The International Monetary Fund upgraded the economic outlook for Europe, Japan and China this year. The fund expects Japan to grow 1.3 percent and China to expand 6.7 percent. The fund found that confidence and stability have returned to the eurozone, which was rocked by a debt crisis in the aftermath of the Great Recession of 2007-2009. Spending,...

  • *Bets on a weaker dollar rise to highest since Feb 2013. LONDON, July 24- The euro rose to a 23- month high against the dollar on Monday as investors remained bullish after latest business growth data for July pointed to only a mild slowdown, suggesting the euro-zone economy was still growing at a relatively strong clip. The single currency was trading at $1.16465,...

  • LONDON, July 24- Britain has suffered the biggest downgrade of economic growth projections by the International Monetary Fund for the world's rich nations this year, prompting the finance ministry to renew its call for a smooth exit from the European Union. Britain's economy now looks set to grow by 1.7 percent this year, down from a forecast made in April of 2.0...

  • LONDON— The International Monetary Fund has revised down its 2017 growth forecast for the British economy following a weak first quarter that suggested the country's exit from the European Union was starting to weigh on consumers and businesses. During the first three months of the year, the British economy expanded by only 0.2 percent, lower than any other...

  • KUALA LUMPUR, July 24- The International Monetary Fund kept its growth forecasts for the world economy unchanged for this year and next, although it revised up growth expectations for the eurozone and China. "While risks around the global growth forecast appear broadly balanced in the near term, they remain skewed to the downside over the medium term," the IMF said...

  • KUALA LUMPUR, July 24- The International Monetary Fund on Monday kept its growth forecasts for the world economy unchanged for this year and next, although it slightly revised up growth expectations for the eurozone and China. In its updated World Economic Outlook, the IMF said global gross domestic product would be 3.5 percent in 2017 and 3.6 percent in 2018.

  • IMF SAYS IT KEEPS GLOBAL GROWTH FORECASTS UNCHANGED AT 3.5 PCT FOR 2017, 3.6 PCT FOR 2018.