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Economic Forecasting

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  • *China Q2 GDP comes in at 7.0 pct vs 6.9 pct in poll. MELBOURNE, July 15- London copper climbed on Wednesday after a bright reading for China's factory output and better-than-expected second quarter growth suggested stimulus has fed into industry, improving the outlook for metals demand. China's economy grew an annual 7.0 percent in the second quarter, steady...

  • BEIJING, July 15- China's economy grew 7.0 percent in the second quarter, slightly above expectations. Economists polled by Reuters had expected China's gross domestic product to rise 6.9 percent in April-June compared with a year ago. YE BINGNAN, MACRO ANALYST, BOC INTERNATIONAL, BEIJING.

  • BEIJING, July 15- China's economy grew an annual 7.0 percent in the second quarter, steady with the previous quarter and slightly better than analyst forecasts, though further stimulus is still expected after the quarter ended with a stock market crash. Analysts polled by Reuters had forecast gross domestic product in the world's second-largest economy...

  • WASHINGTON, July 14- The White House on Tuesday slashed its fiscal 2015 deficit forecast to $455 billion, down $128 billion from its last estimate in February, due to new calculations of higher revenues and lower spending. The White House also reduced its fiscal 2016 deficit estimate by $45 billion to $429 billion, or 2.3 percent of gross domestic product.

  • BOJ may trim growth forecast, debate risks from China Tuesday, 14 Jul 2015 | 4:59 PM ET

    *Governor Kuroda may warn of China slowdown. TOKYO, July 15- The Bank of Japan may slightly trim its economic growth forecast on Wednesday and debate risks that cloud the prospect for hitting its ambitious inflation target, including from sluggish shipments to China and stubbornly weak household spending. "China is probably slowing more than the BOJ had...

  • Steve Cohen's Point72 better than average hedge fund Tuesday, 14 Jul 2015 | 2:43 PM ET
    Steven Cohen

    CNBC's Kate Kelly reports Steve Cohen's hedge fund Point72 Asset Management is up 11 percent.

  • *Yellen to testify before Congress on Wednesday, Thursday. LONDON, July 14- Gold steadied on Tuesday, recouping earlier losses, after downbeat retail sales data stoked concern over the outlook for the U.S. economy, knocking the dollar and fuelling uncertainty over the timing of a Federal Reserve rate rise. Traders are awaiting Federal Reserve Chair Janet...

  • *China to release Q2 GDP data on Wednesday, at 0200 GMT. BEIJING, July 13- China's economic growth is forecast to be the weakest since the global financial crisis in the second quarter, which together with a stock market rout raises pressure on authorities to do more despite little pay-off so far from a run of stimulus steps. Data confirming China lost more momentum...

  • BEIJING, JULY 13- China's exports picked up unexpectedly in June but imports tumbled again, reinforcing expectations that the government may further loosen policy to lift the Chinese economy after a recent stock market rout. China's June exports exceeded analyst expectations, rising 2.8 pct from a year earlier, while imports fell by 6.1 percent.

  • China June exports rise 2.8 pct y/y, beating forecasts Sunday, 12 Jul 2015 | 10:53 PM ET

    BEIJING July 13- China's June exports exceeded analyst expectations, rising 2.8 percent from a year earlier, while imports fell by 6.1 percent, both figures handily beating forecasts. The totals left the country with a trade surplus of $46.54 billion for the month, the General Administration of Customs said on Monday, compared with a poll forecast of $55.7...

  • STILLWATER, Okla., July 9- The Federal Reserve may stumble into a "trap" if it continues waiting for more data to justify an initial interest rate increase, risking a quick takeoff of inflation or other problems, Kansas City Fed Bank President Esther George said on Thursday. George, who has been arguing for several months that it was time for rates to rise, said it was...

  • WASHINGTON, July 9- The International Monetary Fund on Thursday trimmed its forecast for global economic growth for this year to take into account the impact of recent weakness in the United States. The IMF pinned much of the blame for the lower growth forecast on the United States. The IMF also said U.S. economic sluggishness had spilled over to Canada and Mexico.

  • ADAPAZARI, Turkey, July 9- Toyota Motor Corp's Turkish business saw first-half exports slump by 30 percent after a weaker rouble hit Russia's car market, but hopes to pare losses with sales domestically and to Europe, the unit's chief executive said. "Russia was our top market for the Corolla, we were planning to sell a quarter of our Corollas to Russia, but we're not...

  • *Greek debt crisis, China's slowdown pose some risks. TOKYO, July 9- The value of Japan's core machinery orders rose to a 7- year high in May and were up for the third-straight month, adding to recent evidence of a steady pick-up in spending by firms and raising hopes of a more durable economic recovery. Thursday's data and a key central bank survey last week suggest...

  • BEIJING, July 9- China's consumer inflation edged up slightly in June while stubbornly weak producer prices fell again, data that could affirm worries about a sluggish Chinese economy which is also smarting from a share market rout. China's consumer inflation quickened to 1.4 percent year-on-year in June, beating market expectations. The producer price...

  • TOKYO, July 9- Japan's core machinery orders in May unexpectedly grew for a third straight month, with the total value reaching a 7- year high and adding to recent evidence of a steady pickup in business spending seen as vital for a durable economic recovery. The Cabinet office said the value of core orders reached its highest levels since June 2008.

  • *China stock slump clouds global growth outlook. *Wall Street declines more than 1 percent. Wall Street declined more than 1 percent in early trading dominated by uncertainties over China and Greece.

  • *Nearly 1,300 firm shares suspended on China exchanges. Around 30 percent has been knocked off the value of Chinese shares since mid-June, and for some global investors the fear that China's market turmoil will destabilize the real economy is now looming as a bigger risk than the euro zone crisis. "Today is all about China, with Greece in the background now that...

  • OTTAWA, July 6- Current Canadian business sentiment paints a picture of two economies, according to a Bank of Canada report on Monday, with cheap oil depressing the outlook in petroleum-related industries, but with some promising signs elsewhere. "However, sales expectations deteriorated sharply in energy-producing regions, where the oil price shock...

  • MELBOURNE, July 6- London copper sank nearly 1 percent on Monday towards three-month lows as jitters over China's tumultuous sharemarket slide and Greece potentially leaving the euro zone following its historic referendum clouded the outlook for global growth. *China's stock markets face a make-or-break week after officials rolled out an unprecedented...