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Economic Forecasting

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  • *Gold outlook bolstered by uncertainty over growth. LONDON, Oct 22- Gold eased on Wednesday from the previous day's 6- week peak as the dollar rose to a one-week high against a basket of currencies, with signs of softening physical demand also pressuring the metal. Prices were supported however by worries over the outlook for the global economy, heightened this...

  • *Orders rise 24 pct to $11.2 bln vs $10.1 bln poll f'cast. ZURICH, Oct 22- Swiss engineering group ABB posted a bigger-than-expected rise in third-quarter orders, helped by demand from the oil and gas industries, but said the outlook for the global economy was increasingly uncertain. The Zurich- based firm showed encouraging signs of increased order momentum at...

  • *China Q3 growth slowest since 2009 but less weak vs forecast. NEW YORK, Oct 21- U.S. Treasuries prices fell on Tuesday as less worrisome data on China and a report on the European Central Bank possibly moving to buy regional corporate bonds allayed some concerns about the global economy and reduced safe-haven bids for low-risk government debt.

  • SYDNEY, Oct 21- London copper edged up on Tuesday as hopes grew of more stimulus measures from China after the top consumer of the metal reported a slowing of third-quarter economic growth to its weakest since the 2008/ 09 global financial crisis. "The data looks in line with our central case, which is continued moderation in China's growth outlook, but still on an...

  • UPDATE 4-Oil slips below $86 on global oversupply Monday, 20 Oct 2014 | 7:58 AM ET

    *OPEC ministers due to meet in Vienna on Nov. 27. Abundant global oil supplies, particularly of very high quality, light oil, coupled with a gloomy economic outlook from Europe to China pushed Brent last week below $83, to its lowest since 2010. Oil prices are down more than 25 percent since June. Saudi Arabia, Kuwait and Iran have all indicated reluctance to change...

  • Japan leads Asia stocks higher after US rebound Sunday, 19 Oct 2014 | 11:48 PM ET

    Asian stock markets rose Monday, led by a 3 percent surge in Japan, as nerves about the outlook for the world economy steadied after big gains on Wall Street. KEEPING SCORE: Japan's Nikkei 225 soared 3.3 percent to 15,018.55, helped in part by exporter stocks as the dollar resumed its rise against the yen. South Korea's Kospi was up 1.5 percent at 1,928.95 and Hong...

  • German finance chief: confident on balanced budget Sunday, 19 Oct 2014 | 6:17 AM ET

    Chancellor Angela Merkel appears determined to stick to plans to get by without new borrowing next year for the first time since 1969, though Germany's growth outlook has weakened and Berlin faces calls from abroad to pump money into the economy. The French ministers were quoted as suggesting to the German daily Frankfurter Allgemeine Zeitung that Germany...

  • *Bank of Canada to hold rates until Q3 2015. TORONTO/ BANGALORE, Oct 17- Inadequate growth in exports and business investment in Canada and a weak outlook for the global economy are likely to keep the Bank of Canada from raising rates before the second half of next year, a Reuters poll found. "It just makes for a very jittery market and that's just going to embolden the...

  • NEW YORK, Oct 17- U.S. That yield peak came after news the Thomson Reuters/ University of Michigan index of consumer sentiment unexpectedly rose in early October to more than a seven-year high. "The strong consumer confidence number, combined with yesterday's healthy drop in jobless claims, and the' don't end quantitative easing now' talk by Fed Governor Bullard, is...

  • Economist sees taper slowing     Friday, 17 Oct 2014 | 1:09 PM ET

    CNBC's Steve Liesman reports Maury Harris, an economist at UBS thinks the Federal Reserve will slow the taper.

  • MOSCOW, Oct 17- Investment by Russian companies fell sharply in September and real wages declined, underlining the gloomy outlook for an economy under pressure from Western sanctions. "The data looks weak, given the fact that investment is in contraction mode," said Dmitry Polevoy, economist at ING. Investment has fallen every month this year except June,...

  • *Platinum, palladium recover after sharp losses. LONDON, Oct 17- Gold inched down on Friday as shares rebounded, but was still set for a second straight weekly gain as concerns over the global economy have raised speculation the U.S. "Gold has had a good week because just about everything else has had a bad week.

  • LONDON, Oct 17- Britain's economic recovery might stall if interest rates rise too soon, the Bank of England's chief economist said on Friday as he offered the strongest signal yet that the bank is prepared to delay increases in borrowing costs. Andrew Haldane said he was more downbeat about the outlook for the economy, given weaker global growth, greater...

  • *Platinum, palladium recover after sharp losses. LONDON, Oct 17- Gold edged down on Friday as shares rebounded, although it was set for a gain for a second straight week as concerns over the global economy raised speculation the U.S. "There has been a move down in the dollar and equities this week, but in comparison the upside in gold has been relatively modest," ABN Amro...

  • European shares halt sell-off; Rolls-Royce sinks Friday, 17 Oct 2014 | 3:12 AM ET

    PARIS, Oct 17- European stocks rose in early trading on Friday, halting the week's sharp drop after Wall Street pared losses as macro data soothed fears about the U.S. economic outlook. The month-long sell-off in European stocks has prompted U.S.-based investors to slash their exposure to Europe, according to data from Thomson Reuters Lipper.

  • China's yuan eases, loses 0.1 pct on week Friday, 17 Oct 2014 | 12:29 AM ET

    SHANGHAI, Oct 17- China's yuan edged down slightly against dollar on Friday, pushed lower by corporate demand for dollars and after the central bank set a weaker midpoint, traders said. "Chinese companies and banks are more inclined to keep more dollars on hand of late due to concerns over China's economic outlook," said a trader at an Asian bank in Shanghai. China's...

  • TOKYO, Oct 17- Japanese business confidence slipped to the lowest in 1-1/ 2 years in October and it is seen struggling to rebound, a Reuters poll showed, a further sign Tokyo may be forced to offer fresh policy support to recharge an economy ailing from a sales tax hike. The sentiment index for manufacturers in the Reuters Tankan, which closely correlates with the...

  • *Industrial output posts biggest gain since November 2012. WASHINGTON, Oct 16- The number of Americans filing new claims for jobless benefits fell to a 14- year low last week and industrial output rose sharply in September, positive signals that helped ease fears over the economic outlook. Initial claims for state unemployment benefits dropped 23,000 to...

  • NEW YORK, Oct 16- The U.S. dollar recovered against the euro and yen on Thursday after stronger U.S. economic data reinforced the view that Wednesday's selloff in the greenback was overdone. "The data today was very important in that it provided reassurance that the U.S. economic outlook hasn't changed drastically," said Camilla Sutton, chief currency strategist...

  • *Gold trades in narrow range after Wednesday rally. NEW YORK/ LONDON, Oct 16- Gold prices were steady on Thursday, supported by renewed worries about a global economic slowdown, but bullion's failure to rally at a time of extreme volatility in equity and energy markets suggested the metal could pull back in the near term. Gold was underpinned after James Bullard,...