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Economic Reports Economic Forecasting

  • *Global stocks at record, Asia ex- Japan index hits 9-1/ 2- yr high. *Strong earnings propel Wall Street to close at all-time highs. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.15 percent, hovering near its highest level since December 2007.

  • TOKYO— Japan's central bank has opted to keep its lavish monetary stimulus intact while downgrading its outlook for inflation. The Bank of Japan's policy meeting ended Thursday with no change to its injections of trillions of yen into the economy each year through government bond purchases. Haruhiko Kuroda has sought to spur inflation, and encourage...

  • TOKYO, July 20- The Bank of Japan kept monetary policy steady and pushed back again the timing for achieving its 2 percent inflation target on Thursday, reinforcing expectations it will lag well behind major global central banks in dialling back its massive stimulus programme. Following is a table of median forecasts by the BOJ's nine board members of gross...

  • MANILA, Philippines— The Asian Development Bank says stronger-than-expected export demand has improved growth prospects for Asia's developing economies, including China. The Manila, Philippines- based ADB on Thursday upgraded its growth forecasts for this year to 5.9 percent from an earlier forecast of 5.7 percent. It expects developing Asia to grow at a...

  • *Asia seen to grow faster than previously thought. Developing Asia- made up of 45 countries in the Asia-Pacific region- is expected to grow 5.9 percent and 5.8 percent this year and next, the Manila- based ADB said in the update of its Asian Development Outlook on Thursday. China's economy beat expectations with 6.9 percent growth in the second quarter, in part...

  • *Gov Kuroda to brief media 0630 GMT. TOKYO, July 20- The Bank of Japan is set to paint a brighter picture of the economy on Thursday but cut its inflation forecasts again, reinforcing expectations that it will lag well behind major global central banks in scaling back its massive stimulus programme. Depending on how deep the cuts are, the BOJ may push back the timing...

  • Traders work the floor of the New York Stock Exchange.

    Discussing the current state of the markets with Rob Morgan, Sandy Spring Trust; Steve Grasso, Stuart Frankel; and CNBC’s Rick Santelli.

  • MOSCOW, July 19- A think tank that advises the Russian government on taxes and energy-related issues said on Wednesday it expects the country's oil exports to fall this year thanks to a global deal to cut output, contrasting with official forecasts for a rise. Vygon Consulting said in a presentation to reporters that oil exports this year are seen declining by...

  • REUTERS POLL- AUSTRALIA MEDIAN ECONOMIC GROWTH FORECAST TRIMMED TO 2.3 PCT FOR 2017, 2.8 PCT SEEN FOR 2018 AND 2019.

  • MELBOURNE, July 19- London copper consolidated near four-and-a-half month highs on Wednesday, weighed down by a slightly firmer dollar but supported by a pick-up in China's industrial activity that helped drive second-quarter economic growth. *Shanghai Futures Exchange copper slipped by 0.3 percent to 47,710 yuan a tonne. Treasury Secretary Steven...

  • Closing Bell Exchange: Recent index highs, VIX lows generally a good sign

    Discussing the current state of the markets with Michael Zinn, UBS; Peter Costa, Empire Executions; and CNBC’s Rick Santelli.

  • MADRID— The International Monetary Fund says it is raising the growth forecast for Spain in 2017 to 3.1 percent, due to improved levels of consumption, investment and exports amid a surging post-crisis recovery. The revised figure is 0.5 percentage points higher than the IMF's previous forecast in April. The country emerged from recession in late 2013 and is...

  • NEW YORK, July 18- Despite a record-high U.S. stock market and a positive economic outlook, U.S. parents spent less on college tuition during the 2016-17 school year, according to Sallie Mae's 10th annual "How America Pays for College" report. Sallie Mae's study does not directly address why parental spending fell, but there are several indicators.

  • FRANKFURT, Germany— A survey of investment analysts shows optimism about the German economy fell slightly in July. ZEW head Achim Wambach said the results didn't change the outlook much. He said in a statement Tuesday that "our overall assessment of the economic development in Germany remains unchanged compared to the previous month."

  • BERLIN, July 18- The growth outlook for the German economy remains positive, the ZEW institute said on Tuesday despite a fall in investor morale for the second consecutive month in July which economists attributed to a stronger euro. "Our overall assessment of the economic development in Germany remains unchanged compared to the previous month," ZEW President...

  • NEW YORK, July 17- Despite a record-high U.S. stock market and a positive economic outlook, U.S. parents spent less on college tuition during the 2016-17 school year, according to Sallie Mae's 10th annual "How America Pays for College" report. Sallie Mae's study does not directly address why parental spending fell, but there are several indicators.

  • Closing Bell Exchange: Market on edge and waiting

    Discussing the current state of the markets with Mark Travis, Intrepid Capital Funds; Kenny Polcari, O’Neil Securities; and CNBC’s Rick Santelli.

  • NEW YORK, July 17- BlackRock Inc Chief Executive Larry Fink on Monday said it will be hard for the United States to reach the 3 percent annual growth target set by President Donald Trump. "The world feels very good," Fink told Reuters from Copenhagen, where his company's board is meeting, citing economic performance in Europe, China, Japan and Canada.

  • LONDON, July 17- Gold climbed on Monday and was likely to see further gains after the dollar slumped to multi-month lows on the back of data that pointed to weak U.S. inflation and less prospect of rate hikes. "The dollar continues to be on the back foot and yields have dropped back somewhat from their relatively elevated positioning lately," said analyst Jonathan...

  • LONDON, July 17- Gold was steady on Monday and likely to see further gains after the dollar slumped to multi-month lows on the back of data that pointed to weak U.S. inflation and less prospect of rate hikes. "The dollar continues to be on the back foot and yields have dropped back somewhat from their relatively elevated positioning lately," said analyst Jonathan...