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Economic Forecasting

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  • *Crude oil stabilises before Thursday's OPEC summit. TOKYO, Nov 26- European shares pushed higher on Wednesday, bolstered by the prospect of more stimulus from the European Central Bank and as upbeat U.S. economic growth data calmed investor anxiety over a deteriorating global outlook. The pan-European FTSEurofirst index of leading blue-chip companies has...

  • BANGKOK, Nov 26- Thailand's exports rose for a second straight month in October, adding to evidence the trade-reliant economy is gaining a stronger footing after months of political unrest. Southeast Asia's second-largest economy is struggling to gain traction as shipments have been weak and domestic activity remains sluggish even after a May coup ended...

  • METALS-Copper slides on demand doubts, eyes US data Wednesday, 26 Nov 2014 | 2:36 AM ET

    *London copper drops to three-week low. SYDNEY, Nov 26- London copper slipped to a three-week low before regaining some ground ahead of a flood of U.S data later on Wednesday that is forecast to shed positive light on the world's biggest economy. Three-month copper stood at $6,598 a tonne at 0718 GMT, down $8 from the London close.

  • *China gold imports from Hong Kong jump in Oct. NEW YORK/ LONDON, Nov 25- Gold edged up slightly to just above $1,200 an ounce on Tuesday as the U.S. dollar eased after data showed a deterioration in consumer confidence, offsetting better-than-expected U.S. economic growth numbers. The U.S. Commerce Department raised its estimate of gross domestic product to a 3.9...

  • Best sectors into holidays     Tuesday, 25 Nov 2014 | 2:47 PM ET

    Which sectors will outperform into year-end? Paul Hickey, Bespoke Investment Group co-founder, thinks health care and tech hardware are places to look.

  • WASHINGTON, Nov 25- The U.S. economy grew at a much faster pace than initially thought in the third quarter, pointing to strengthening fundamentals that should help it weather slowing global demand. The Commerce Department on Tuesday raised its estimate of GDP growth to a 3.9 percent annual pace from the 3.5 percent rate reported last month, reflecting upward...

  • *Q3 GDP reading seen supporting market going forward. NEW YORK, Nov 25- U.S. stocks were little changed on Tuesday, with major indexes hovering at record levels after a pair of economic datapoints painted a mixed picture of the market fundamentals. The Commerce Department raised its estimate of third-quarter gross domestic product to a 3.9 percent annual pace...

  • NEW YORK, Nov 25- U.S. stocks edged higher on Tuesday following a reading on economic growth that was much stronger than expected, but sharper gains were difficult to come by in a quiet week with major indexes at records. The Commerce Department raised its estimate of third-quarter gross domestic product to a 3.9 percent annual pace from the 3.5 percent rate...

  • WASHINGTON, Nov 25- U.S. economic growth was far stronger than initially thought in the third quarter, pointing to strengthening fundamentals that should support the economy for the rest of the year. The Commerce Department on Tuesday raised its estimate of gross domestic product to a 3.9 percent annual pace from the 3.5 percent rate reported last month,...

  • *S&P 500 has risen in 12 of past 14 sessions. NEW YORK, Nov 25- U.S. stock index futures pointed to a higher open on Tuesday, indicating major indexes would push even further into record territory, following a reading on economic growth that was much stronger than expected. The Commerce Department raised its estimate of third-quarter gross domestic product to a 3.9...

  • WASHINGTON, Nov 25- U.S. economic growth was far stronger than initially thought in the third quarter, pointing to strengthening fundamentals that should support the economy for the rest of the year. The Commerce Department on Tuesday raised its estimate of gross domestic product to a 3.9 percent annual pace from the 3.5 percent rate reported last month,...

  • OECD sees gradual world recovery, urges ECB to do more Tuesday, 25 Nov 2014 | 5:30 AM ET

    PARIS, Nov 25- The global economy will gradually improve over the next two years but Japan will grow less than previously expected while the euro zone struggles with stagnation and an increased deflation risk, the OECD said on Tuesday. The United States and Britain will grow more strongly then the euro zone and Japan and, among emerging countries, India, Indonesia...

  • TOKYO, Nov 25- Japan needs a credible plan to reduce its debt to contain the risk that the Bank of Japan's quantitative easing could cause inflation expectations to spike, the Organisation for Economic Cooperation and Development said on Tuesday. Delaying the second increase has eased concerns about the economic outlook, but it has also raised worries Japan is...

  • BOJ Gov. Kuroda tells firms to up wages, spending Tuesday, 25 Nov 2014 | 1:51 AM ET

    TOKYO— Japan's central bank governor is urging companies to raise wages and investment to aid the country's efforts to overcome deflation. Haruhiko Kuroda told a group of businessmen in central Japan on Tuesday that the central bank was committed to achieving a target of 2 percent inflation and that he expects companies to make their decisions based on that...

  • Greece, creditors look to revive bailout review Monday, 24 Nov 2014 | 5:39 AM ET

    Greece disagrees with its debt inspectors— the International Monetary Fund, European Commission and European Central Bank, known as the troika— on the economic outlook and whether more reforms are needed. Greece insists that, contrary to what the troika believes, it will have no financing gap next year. Hammered by a financial crisis caused by years of...

  • Puerto Rico sees slight drop in unemployment rate Saturday, 22 Nov 2014 | 10:10 AM ET

    SAN JUAN, Puerto Rico— Puerto Rico's unemployment rate has dropped slightly as the U.S. territory struggles to emerge from a nearly decade-long economic slump. The U.S. Bureau of Labor Statistics says the unemployment rate was 14 percent in October, compared to 14.1 percent in September. In October of last year, the rate was 14.9 percent.

  • MINSK, Nov 22- Belarus has cut its 2015 economic growth forecast to 0.2-0.7 percent from the previous 2.0 percent because of the economic slowdown in Russia, state news agency Belta quoted Economy Minister Nikolai Snopkov as saying. In recent years, Belarus has received tens of billions of dollars in loans and rebates for energy prices from Russia, hit this year...

  • 2015 stock outlook: Good but not great, and bumpy Friday, 21 Nov 2014 | 1:51 PM ET

    NEW YORK— Stocks can keep climbing next year, tacking even more gains onto their phenomenal run of the last five-plus years. Just don't expect them to be as big-- or to come with as little heartburn-- as before. The economy is growing, and employers have added more than 200,000 jobs for nine straight months, the longest such streak since 1995. "Everything is pointing to...

  • SAO PAULO/ BRASILIA, Nov 21- President Dilma Rousseff expects a bribery scandal at state-run oil company Petrobras to deteriorate in coming months, aides say, with arrests possible for some political allies and potentially serious damage to an economy that is already struggling. Prosecutors say corrupt officials siphoned billions of dollars from Petroleo...

  • ISTANBUL, Nov 21- Rating agency Standard& Poor's said on Friday it expected Turkey's current account deficit, its main economic weakness, to remain close to 5.3 percent of output until 2017, with falling oil prices helping the economy to rebalance. The agency, which affirmed its unsolicited BB+ rating, one notch below investment grade, said it saw elevated policy...