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Economic Reports Economic Forecasting

  • *China June CPI +1.5 pct y/y, same as previous month. BEIJING, July 10- China's producer price inflation was unchanged in June and remained well off highs seen earlier this year, amid lingering oversupply issues in the steel sector and as signs of economic weakness weighed on the outlook for prices. China's June consumer prices rose 1.5 percent from a year earlier,...

  • PARIS, July 10- The Bank of France said on Monday it maintained its forecast for French second-quarter gross domestic product growth of 0.5 percent and predicted a pickup in the industrial, services and construction sectors for July. The construction industry indicator rose to 103 points in June from 102 in May- its highest level since May 2011.

  • *China June CPI +1.5 pct y/y, same as previous month. BEIJING, July 10- China's producer price inflation was unchanged in June and remained well off highs seen earlier this year, amid lingering oversupply issues in the steel sector and as signs of economic weakness weighed on the outlook for prices. China's June consumer prices rose 1.5 percent from a year earlier,...

  • *May core orders -3.6 pct m/m vs forecast +1.7 pct. TOKYO, July 10- Japan's core machinery orders unexpectedly tumbled in May on persistent weakness in the services sector, and the government downgraded the outlook for orders for the first time in eight months, raising doubts about the strength of the economic recovery. It was the steepest month-on-month decline...

  • *May core orders -3.6 pct m/m vs forecast +1.7 pct. *Core orders +0.6 pct yr/yr vs forecast +7.7 pct. TOKYO, July 10- Japan's core machinery orders unexpectedly tumbled in May, and the government downgraded the outlook for orders for the first time in eight months, raising doubts about the strength of the economic recovery.

  • NEW YORK, July 7- The U.S. economy continues to churn out jobs and grow at a steady pace, with investment and consumer confidence both healthy and only moderate signs of risk in financial markets, the U.S. Federal Reserve said on Friday in its semiannual report to Congress. JIM PAULSEN, CHIEF INVESTMENT STRATEGIST AT THE LEUTHOLD GROUP IN MINNEAPOLIS, MINNESOTA: I...

  • Italy, Portugal underperform as U.S. data bites. LONDON, July 7- Euro zone government bond yields edged higher on Friday, adding to heavy losses earlier in the week as investors reassess the outlook for fixed income on perceptions that an era of ultra-cheap money is gradually ending. Euro zone growth is picking up but underlying inflation is still weak, so the...

  • HARARE, July 7- The International Monetary Fund on Friday said Zimbabwe's economy would grow by 2.8 percent this year from 0.7 percent in 2016, thanks to a rebound in agriculture, but saw inflation quickening to 7 percent by December.

  • WASHINGTON, July 7- The U.S. economy continues to churn out jobs and grow at a steady pace, with investment and consumer confidence both healthy and only moderate signs of risk in financial markets, the U.S. Federal Reserve said on Friday in its semiannual report to Congress. "Vulnerabilities in the U.S. financial system remained, on balance, moderate," concluded the...

  • Federal Reserve said on Friday in its semiannual report to Congress. "Vulnerabilities in the U.S. financial system remained, on balance, moderate," concluded the report, submitted to Congress on behalf of the Fed's Washington- based Board of Governors. The release of the report on Friday comes ahead of Fed Chair Janet Yellen's appearance next Wednesday and...

  • BERLIN, July 7- The International Monetary Fund on Friday raised its growth forecast for Germany, citing soaring domestic demand and rebounding exports, and it repeated its call for Berlin to increase investment and reduce its current account surplus. "Germany's growth momentum has remained solid, underpinned by robust domestic demand," the IMF said, pointing...

  • BERLIN, July 7- The International Monetary Fund on Friday raised its growth forecast for Germany, citing soaring domestic demand and rebounding exports, and it repeated its call for Berlin to increase investment and reduce its current account surplus. The IMF now expects Europe's largest economy to grow by 1.8 percent in 2017 and by 1.6 percent in 2018 in real...

  • OTTAWA, July 7- Canada added far more jobs than expected in June, data showed on Friday, sending the Canadian dollar to a nearly 10- month high and raising expectations that the Bank of Canada will hike interest rates next week. With the economy improving, Bank of Canada policymakers have taken a more hawkish tone. "The strength in labor markets, with no indication of...

  • OTTAWA, July 7- Canada added far more jobs than expected in June as hiring in the professional and agricultural sectors jumped, Statistics Canada said on Friday in a report that deepened expectations of an interest rate hike as soon as next week. The economy added 45,300 jobs last month, topping economists' forecasts for a gain of 10,000. The unemployment rate...

  • An employee carries an order for a customer at a Domino's Pizza restaurant in Detroit.

    Non-manufacturing economic activity increased in June, defying the expectation of economists who predicted a fall.

  • Ahead of the release of 'Spider-Man: Homecoming', CNBC looks at the franchise's box office history

  • That was especially true in Mexico, where the peso has outperformed all other emerging-market currencies as fears over a U.S. trade war waned. Brazil bucked the trend as a political crisis continued to threaten President Michel Temer's grip on power. Analysts, who were expecting a rockier year for Latin American currencies, did not anticipate the recovery in...

  • PARIS, July 6- France should see growth this year of 1.6 percent even though its economic recovery is lagging the broader euro zone, French central bank head Francois Villeroy de Galhau said on Thursday, raising slightly his forecast. France is going to be at less than the 2 percent growth of the euro zone, "Villeroy said on France Inter radio, ahead of the...

  • *June data expected to show steady growth for China's economy. *June activity indicators, Q2 GDP due out on July 17. BEIJING, July 6- A raft of Chinese data in coming weeks is expected to show steady growth in the world's second-biggest economy, but government measures to rein in the housing market and debt risks are likely to drag on activity over the next few quarters.

  • WASHINGTON, July 5- Federal Reserve policymakers were increasingly split on the outlook for inflation and how it might affect the future pace of interest rate rises, according to the minutes of the Fed's last policy meeting on June 13-14 released on Wednesday. In a press conference at the time, Fed Chair Janet Yellen described a recent decline in inflation as...