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Economic Forecasting

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  • MOSCOW, July 27- Russia's Finance Ministry sees year-end inflation at between 10.5 percent to 11 percent and most likely at the upper end of that range if oil prices remain at their current levels, Deputy Finance Minister Maxim Oreshkin said on Monday. The central bank said in June it expected end-year inflation to be around 10.8 percent if oil prices averaged...

  • *July 28-29 Fed meeting eyed as dollar sags. LONDON, July 27- The euro hit a four-month peak against the Swiss franc and a two-week high against a subdued dollar on Monday, after Germany's Ifo survey for July beat forecasts and painted an upbeat picture of Europe's largest economy. The euro rose 1.2 percent to $1.1113, from about $1.1084 before the Ifo survey was...

  • FRANKFURT, July 27- Price inflation is set to gradually improve this year but it remains too early to predict a turning point, the European Central Bank said on Monday. ECB President Mario Draghi has embarked on a 1- trillion-euro- plus money printing programme to buy chiefly government bonds that is set to last until September 2016. Many in Germany, however, would...

  • LONDON, July 27- The euro hit a two-week high against a subdued dollar on Monday, with traders awaiting Germany's IFO survey, which is likely to indicate Europe's largest economy is on track to post a reasonable pace of growth. Germany's IFO business climate index is forecast to dip slightly in July but will remain at levels consistent with a positive pace of...

  • Fed: Confidential forecasts mistakenly made public Friday, 24 Jul 2015 | 4:25 PM ET

    WASHINGTON— The Federal Reserve said Friday it mistakenly posted confidential economic projections on its public website last month. The incident occurred at a time when the central bank is already the subject of investigations by the Justice Department, a House committee and its inspector general involving the disclosure of confidential information...

  • WASHINGTON, July 24- Staff economists at the Federal Reserve see a quarter-point U.S. interest rate increase this year, according to forecasts the Fed mistakenly published on its website in a gaffe that drew criticism about its ability to keep secrets. "It regrettably appears once again that proper internal controls are not in place to safeguard confidential...

  • NEW YORK, July 24- The U.S. dollar edged up against most other major currencies Friday on data pointing to sluggish overseas economic growth, while the Australian dollar sagged to a six-year low after a Chinese manufacturing gauge fell to its weakest in 15 months. That has sparked a play into the dollar, "said Joe Manimbo, senior market analyst at Western Union...

  • WASHINGTON— The U.S. housing market has sizzled this summer, lifting expectations that home sales will finally help drive an economic expansion now in its seventh year. Signs are emerging that housing's momentum may be destined to falter in coming months. Analysts note that some of the key foundations needed to sustain a brisk pace of home-buying in the long run...

  • WASHINGTON, July 24- Staff at the Federal Reserve's Board of Governors see a single quarter-point U.S. interest rate increase by year's end, inflation stuck in low gear for five more years and an economy growing more slowly than expected by U.S. policymakers. Those bearish projections were included in a set of staff forecasts presented to policymakers at their...

  • NEW YORK— Here we go again. One worry after another has hit the municipal bond market in recent years, from a high-profile 2010 prediction for a wave of defaults to Detroit's 2013 bankruptcy filing, the largest in U.S. history. The latest concern is actually an old one: The governor of Puerto Rico said last month that the island, whose economy and population have been...

  • *China remains a mixed bag, CEO says. *CEO implying Dow won't sustain Q2 China growth: analyst. July 23- Dow Chemical Co warned of soft demand in China, raising concerns that the largest U.S. chemical maker by revenue would not be able to maintain its growth rate in the key market.

  • July 23- McDonald's Corp's said it expects global comparable sales to rise in the current quarter, after four straight quarters of decline, as its new chief executive's initiatives to boost sales start paying off along with a recovery in China. McDonald's has been struggling on myriad fronts- it is trying to recover from a food scare in China that battered Asian...

  • SYDNEY, July 23- Australia appears set for at least another year of sub par economic growth as a downdraught in global commodity prices chills both business spending and export earnings. The latest Reuters poll of analysts expects Australia's A $1.6 trillion economy to grow 2.5 percent in 2015, little changed on last year and down from April's forecast of 2.6...

  • OTTAWA, July 22- Canada's narrow budget surplus in the current fiscal year would turn into a small deficit if economic growth turns out to be as weak as the Bank of Canada forecast last week, the country's parliamentary budget watchdog said on Wednesday. The office of the Parliamentary Budget Officer, which has a mandate to provide independent analysis to...

  • *Core inflation marks five years within target range. SYDNEY, July 22- Australia's central bank sees scope for yet lower interest rates as inflation stays in the sweet spot for stimulus, though the bar for action is high given concerns it could lure households into taking on too much debt. Offering a guardedly optimistic outlook on the economy, Reserve Bank of...

  • *China, Greece cited among risks to the outlook. TOKYO, July 22- Two in five Japanese firms plan to boost capital spending this business year, and more than a third of those say it is because of rising demand, a Reuters poll showed, pointing to a pickup in confidence about the economy. Capital spending has long been the missing link in Japan's drive for a virtuous cycle of...

  • TOKYO, July 22- Forty percent of Japanese firms say they plan to raise capital expenditures in the current business year from last year and half of them intend to keep them steady, a Reuters poll showed, sending a positive signal for the support of durable economic growth. Below are the questions and answers to the poll conducted July 1-15 for Reuters by Nikkei...

  • BANGKOK, July 21- Bank of Japan Governor Haruhiko Kuroda said on Tuesday he expected inflation to accelerate considerably in the coming months due to a tight labor market, and he brushed off the idea of needing more quantitative easing. Kuroda's optimism is in contrast with growing worries that turbulence in the global economy could cause oil prices to resume...

  • United Technologies posts lower 2Q revenue, profit Tuesday, 21 Jul 2015 | 7:18 AM ET

    HARTFORD, Conn.— United Technologies Corp. posted second-quarter declines Tuesday in revenue and profit as a strong dollar cut exports. It also reduced its 2015 outlook on Otis elevator sales in Europe and China's slowing economy. The average estimate of eight analysts surveyed by Zacks Investment Research was $1.71 per share.

  • By Tetsushi Kajimoto and Izumi Nakagawa. The subdued sentiment joins a recent batch of data which have blown hot and cold on the health of Japan's economy, and shows companies were far from assured about the outlook. The poll of 516 big and midsize firms between July 1 and 15, of which 285 responded, showed business managers were worried about the state of China's...