Economic Reports Economic Forecasting

  • Cheslock: Volatility is no surprise

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

  • WASHINGTON, Sept 29- U.S. economic growth was less sluggish than previously thought in the second quarter as exports grew more than imports and businesses raised their investments, hopeful signs for the economic outlook. Gross domestic product expanded at a 1.4 percent annual rate, the Commerce Department said on Thursday in its third estimate of GDP.

  • *Second-quarter GDP growth revised up to 1.4 percent rate. WASHINGTON, Sept 29- U.S. economic growth was less sluggish than previously thought in the second quarter as exports grew more than imports and businesses raised their investments, hopeful signs for the economic outlook. Gross domestic product expanded at a 1.4 percent annual rate, the Commerce...

  • ATHENS, Sept 29- Greece has forecast 2.7 percent economic growth next year, its first rebound after seven years of crippling recession, as investment picks up and tourism surges, a government official familiar with the draft budget said on Thursday. The recipient of three international bailouts, Greece's economy has shrunk by a quarter since a debt crisis...

  • GREECE 2017 BUDGET TO FORECAST 2.7 PCT ECONOMIC GROWTH NEXT YEAR, SHAKING OFF SEVEN YEARS OF RECESSION- GOVT SOURCE.

  • WASHINGTON, Sept 29- U.S. economic growth was less sluggish than previously thought in the second quarter as exports grew more than imports and businesses raised their investments, hopeful signs for the economic outlook. Gross domestic product expanded at a 1.4 percent annual rate, the Commerce Department said on Thursday in its third estimate of GDP.

  • MADRID— Spain's central bank is warning that the political impasse in the country could have negative economic effects. The warning came Thursday as the bank revised up its 2016 economic growth forecast for Spain to 3.2 percent from 2.8 percent, and maintained estimates for the subsequent two years at 2.3 percent and 2.1 percent. The bank also said Spain's...

  • *Oil prices slip as investors question OPEC cuts. LONDON, Sept 29- Gold traded flat on Thursday, with earlier gains arrested by scepticism over whether OPEC members would be able to implement production cuts that could fuel inflation. "If OPEC ends up achieving its objective, it could significantly change the outlook for global inflation and the need to have a...

  • BERLIN— Germany's unemployment rate fell below six percent in September as the labor market in Europe's largest economy remained strong. IHS economist Timo Klein says employment has been helped by migration from troubled eurozone countries and Eastern Europe. He says increased immigration has changed Germany's long-term outlook and now "the working-age...

  • 30 Minutes to the Close: Fed gearing up for December move

    Gordon Charlop, Rosenblatt Securities managing director, talks about what to watch in the last half hour of trading.

  • SAO PAULO, Sept 28- Fitch Ratings sees key economic indicators in Brazil stabilizing next year, Rafael Guedes, the country's managing director for the ratings agency, told an investor forum on Wednesday. Public debt has soared in Brazil as the country struggled with two years of a crushing downturn, its worst since the 1930 s. President Michel Temer has proposed a...

  • Fed Chair Janet Yellen did not comment on the outlook for the economy or monetary policy in prepared testimony for a House of Representatives Financial Services Committee hearing. Analysts said that, while traders were likely awaiting comments due later in the day from Kansas City Fed President Esther George and Cleveland Fed President Loretta Mester, they...

  • CHICAGO, Sept 28- International Monetary Fund Managing Director Christine Lagarde said on Wednesday the institution would lower its 2016 U.S. growth forecast again and called policies that restrict trade "economic malpractice" that would choke off growth. Lagarde, in prepared remarks at Northwestern University ahead of next week's IMF and World Bank annual...

  • NEW YORK, Sept 28- Pacific Investment Management Co, which oversees more than $1.5 trillion in assets, slightly upgraded its forecast for world gross domestic product, from around 2.5 percent this year to between 2.5 percent and 3 percent in 2017, but cautioned that many asset classes appeared overvalued. In Pimco's latest Cyclical Outlook released on...

  • ROME, Sept 27- Italy on Tuesday cut its economic growth forecasts and sharply hiked its target for the 2017 budget deficit for the second time in five months, setting up a potential clash with Brussels. The European Commission has urged Rome not to ease up on previously agreed fiscal targets, but the euro zone's third largest economy has slowed and posted no growth...

  • Treasury Secretary Jack Lew said major emerging market countries should be better able to anticipate a U.S. interest rate hike because of the Federal Reserve's clear communications, a recapitalized International Monetary Fund and efforts to coordinate monetary and fiscal policies. Lew told Reuters in an interview late Monday that G20 finance ministers...

  • 30 Minutes to the Close: Transports on the move?

    Mark Newton, Newton Advisors, discusses what to watch in the last half hour of trading.

  • ROME, Sept 27- Italy is poised to cut its economic growth forecasts for this year and next and raise its projections for the budget deficit on Tuesday when the cabinet meets to approve a new forecasting document. The new forecasts, which will provide the framework for the government's 2017 budget to be presented next month, will set up a potential tussle with the...

  • BRASILIA, Sept 27- Brazil's central bank expects annual inflation to ease below the government's 4.5 percent target in 2017 after years of hovering well above that goal, leaving the door open for cutting some of the world's highest interest rates as early as October. "The report consolidated the idea that the bank will cut rates in October," said Otavio Luis Leal,...

  • WASHINGTON, Sept 27- American men in their prime working years may be hunting for jobs at a lower rate because of public assistance income and a drop in demand for low skilled labor, Federal Reserve Governor Stanley Fischer said on Tuesday. Speaking at Howard University in Washington, Fischer did not address the outlook for the U.S. economy or for monetary policy...