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Economic Reports Economic Forecasting

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  • *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...

  • *IMF warns Greece needs debt extension. July 2- U.S. stocks closed down slightly on Thursday after the International Monetary Fund warned Greece ahead of its Sunday referendum that it faces a huge financial hole, and mixed jobs data dampened the U.S. economic outlook. While the IMF was warning that Greece needed an extra 50 billion euros over the next three years to...

  • NEW YORK, July 2- U.S. stocks ended slightly lower on Thursday after the International Monetary Fund warned that Greece faces a financial hole ahead of its Sunday referendum, and as muted jobs data dampened the U.S. economic outlook. Based on the latest available data, the Dow Jones industrial average fell 30.5 points, or 0.17 percent, to 17,727.41, the S&P 500 lost...

  • *IMF warns Greece needs debt extension. July 2- U.S. stocks extended losses on Thursday after the International Monetary Fund warned Greece may need a large debt writeoff, and muted U.S. jobs data dampened the economic outlook. "The market seems to be paying more attention to what may happen with Greece as well as whether or not wage growth will pick up," said Omar...

  • *Warning that vote will decide Greece's future in Europe. ATHENS/ WASHINGTON, July 2- The International Monetary Fund delivered a stark warning on Thursday of the huge financial hole facing Greece as angry and uncertain voters prepare for a referendum that could decide their country's future in Europe. Days after Greece defaulted on part of its IMF debt, the Fund,...

  • US STOCKS-Wall St turns negative as IMF warns on Greece Thursday, 2 Jul 2015 | 12:13 PM ET

    *IMF warns Greece needs debt extension. July 2- U.S. stocks turned negative after the International Monetary Fund warned Greece may need a further large debt writeoff, and weak U.S. jobs data dampened the economic outlook. "The market seems to be paying more attention to what may happen with Greece as well as whether or not wage growth will pick up," said Omar Aguilar,...

  • LONDON, July 2- Euro zone inflationary pressures are at a four-year high, suggesting the European Central Bank's trillion-euro bond-buying program is working, an indicator designed to predict cyclical trends showed on Thursday. The Eurozone Future Inflation Gauge, a measure of the outlook for inflation published by the Economic Cycle Research Institute,...