Economic Reports Economic Forecasting

  • WASHINGTON— The Commerce Department issues its revised estimate for the economic growth that occurred between April and June at 8:30 a.m. Eastern. :Analysts forecast that gross domestic product, the broadest measure of the economy, increased at a 1.1 percent annual rate in the second quarter, according to a survey by the data firm FactSet.

  • MOSCOW, Aug 25- Russia's biggest bank Sberbank raised its forecast for full-year profitability on Thursday after setting a new profit record in the second quarter, further reinforcing its status as market leader despite a weak economy. State-controlled Sberbank has thrived during Russia's economic crisis as households and companies concerned about the...

  • TOKYO/ BENGALURU, Aug 25- A majority of economists expects the Bank of Japan will ease policy further next month, a Reuters poll found, while many respondents suspect a change in its inflation target terminology is likely. BOJ Governor Haruhiko Kuroda was quoted on Saturday saying that negative interest rate policy had not reached its limits and the central bank...

  • TOKYO/ BENGALURU, Aug 25- A majority of economists expects the Bank of Japan will ease policy further next month, a Reuters poll found, while many respondents suspect a change in its inflation target terminology is likely. BOJ Governor Haruhiko Kuroda was quoted on Saturday saying that negative interest rate policy had not reached its limits and the central bank...

  • 30 Minutes to the Close: Waiting for Friday

    Alan Valdes, SilverBear Capital senior partner, talks about what to watch in the last half hour of trading.

  • *Hong Kong stocks top losers; Japan gains. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.4 percent in early trade. "China's stock markets have benefited from Brexit-related capital flows but that impact is fading and we are cautious on the market outlook given increasing signs of economic weakness," said Francis Cheung, head of China and Hong...

  • *Hong Kong stocks top losers; China gains. Elsewhere in the region, Hong Kong slid as investors sold financials, while mainland China markets inched higher. "China's stock markets have benefited from Brexit-related capital flows but that impact is fading and we are cautious on the market outlook given increasing signs of economic weakness," said Francis Cheung,...

  • 30 Minutes to the Close: Time to buy tech?

    Carter Worth, Cornerstone Macro head of technical analysis, talks about what to watch in the last half hour of trading.

  • WASHINGTON, Aug 23- New U.S. single-family home sales unexpectedly surged in July, reaching their highest level in nearly nine years amid robust demand, brightening the housing market outlook and bolstering views that economic growth will pick up in the third quarter. "A very rosy picture is beginning to emerge on the housing market, pointing to sustained...

  • MOSCOW, Aug 23- Russia is expected to increase grain exports to 3.5 million tonnes in August from 2.2 million tonnes in July, SovEcon agriculture consultancy said on Tuesday. Russia, a major global wheat exporter, exported record high volumes in the 2015/ 16 crop season which ended on June 30, and is likely to export even more in 2016/ 17 when it expects the largest crop...

  • Costa: Market will pop from impt. data in next 3 months

    CNBC contributor Peter Costa, Empire Executions president, talks about what to watch in the last half hour of trading.

  • LONDON, Aug 22- Sterling gained on Monday, after registering its strongest week in five against the dollar as a run of robust economic data suggested Britain's economy was faring better than expected following its vote to leave the European Union. The political uncertainty surrounding Brexit has darkened Britain's economic, business and investment outlook,...

  • *Japan firms call for more focus on structural reform. But less than 5 percent of companies believe the steps will boost the economy near-term or raise its growth potential, according to the Reuters Corporate Survey, conducted August 1-16. After an early spurt of growth and surging corporate profits, helped by a sharp fall in the yen, the economy is again...

  • *Jackson Hole meeting next week. San Francisco Fed President John Williams late on Thursday said if the U.S. central bank waited too long to raise rates, it could be costly for the economy and that a possible rate hike in September should be in play. Investors also are bracing for next week's meeting of global central bankers in Jackson Hole, Wyoming where Federal...

  • Cheslock: It's a stock picker's market

    Matthew Cheslock, Virtu Financial, talks about what to watch in the last half hour of trading.

  • The U.S. farm economy is in its third down year, with the U.S. Department of Agriculture forecasting a 3 percent drop in nationwide income to $54.8 billion in 2016. About 2,000 employees in its Midwestern factories have been on indefinite layoff since 2014, spokesman Ken Golden said. Net income fell 4.5 percent to $488.8 million in the third quarter ended on July...

  • The U.S. farm economy is in its third down year, with the U.S. Department of Agriculture forecasting a 3 percent drop in nationwide income to $54.8 billion in 2016. About 2,000 employees in its Midwestern factories have been on indefinite layoff since 2014, spokesman Ken Golden said. Net income fell 4.5 percent to $488.8 million in the third quarter ended on July...

  • Net income attributable to Deere fell to $488.8 million, or $1.55 per share, in the third quarter ended on July 31 from $511.6 million, or $1.53 per share, a year earlier, when there was more outstanding stock. "John Deere's performance in the third quarter reflected the continuing impact of the global farm recession as well as difficult conditions in construction...

  • SYDNEY, Aug 19- An outlook downgrade from Moody's Investors Service heaped more pressure on Australia's highly profitable banks on Friday, after a U.S. lawsuit over alleged rate rigging sparked fresh calls for a judicial inquiry into the country's financial sector. The move followed an outlook cut by Standard& Poor's in July, and came on the same day Australia's...

  • ANCHORAGE, Aug 18- San Francisco Federal Reserve Bank President John Williams said on Thursday that while he is not in a hurry to raise interest rates, the view that the Fed would not change policy for a year or more is inconsistent with the economic outlook. "I think every one of our meetings should be in play in principle.. I definitely think September should be, "...