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Economic Forecasting

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  • Market rally sustainable: Trader  Thursday, 18 Dec 2014 | 1:59 PM ET

    Jonathan Corpina, Meridian Equity Partners, shares his view of the market rally on Wall Street.

  • Stocks oversold, time to get in: Pro  Thursday, 18 Dec 2014 | 1:04 PM ET

    Phil Orlando, Federated Investors, expects third quarter GDP forecast to be raised, and has a S&P 500 target of 2350 for the New Year. Anastasia Amoros, JPMorgan Funds, weighs in.

  • NEW YORK, Dec 18- Pacific Investment Management Co expects global growth to accelerate in 2015 to around 2.75 percent from around plus 2.5 percent this year, on expectations that supply-driven declines in oil prices were fundamentally positive, the bond giant said on Thursday in its year-end Cyclical Forum outlook report. Pimco said its view that the outlook...

  • NEW YORK, Dec 18- Pacific Investment Management Co expects global growth to accelerate in 2015 to around 2.75 percent from around plus 2.5 percent this year, on expectations that supply-driven declines in oil prices were fundamentally positive, the bond giant said on Thursday in its year-end Cyclical Forum outlook report. Pimco said its view that the outlook...

  • German business confidence up for 2nd month Thursday, 18 Dec 2014 | 4:09 AM ET

    BERLIN— A closely watched survey showed Thursday that business confidence in Germany, Europe's biggest economy, has risen for the second month in a row as lower oil prices and a weaker euro helped brighten managers' outlook for the next six months. ING-DiBa chief economist Carsten Brzeski said in a blog post that "lower energy prices and the weaker euro should...

  • TOKYO, Dec 18- Japanese stocks enjoyed their best day in 6-1/ 2 weeks on Thursday after the U.S. Federal Reserve expressed confidence in the U.S. economy and promised a "patient" approach to raising interest rates, boosting Wall Street shares. Exporters Toyota Motor Co and Canon Inc climbed 1.5 percent and 1.7 percent respectively, benefitting from a weaker yen.

  • WASHINGTON, Dec 17- The Federal Reserve on Wednesday offered a strong signal that it was on track to raise interest rates sometime next year, dropping a pledge to keep them near zero for a "considerable time" in a show of confidence in the U.S. economy. In doing so, it looked beyond economic difficulties in the euro zone, Japan and Russia and offered a mostly upbeat...

  • ABUJA, Dec 17- Nigeria has slashed its forecast for economic growth in 2015 due to the plunge in global oil prices, the finance minister's budget presented to parliament on Wednesday showed. Oil accounts for the bulk of government revenue in Nigeria, but global crude prices have almost halved over the last six months. The 4.3 trillion naira budget is based on a...

  • BANGKOK, Dec 17- Thailand's central bank left its benchmark interest rate unchanged at 2 percent on Wednesday, as expected, saying the level is low enough to support the country's "weaker-than-expected" economic recovery. But the BOT said it sees "not much" impact on Thailand from Russia's economic crisis. The rate-hold means Thailand only changed its benchmark...

  • NEW YORK, Dec 17- For the first time in more than a decade, U.S. gasoline prices are tumbling toward $2 a gallon even as the economy grows and unemployment shrinks, a constellation that will test the theory that domestic fuel demand is in terminal decline. Conventional wisdom holds that long-term trends such as increased fuel efficiency, greater urbanization and a...

  • PARIS, Dec 16- There is a broad consensus on the European Central Bank's governing council in favor of more action to revive the economy and a decision on what tools to use could come soon, Executive Board member Benoit Coeure said in an interview published on Tuesday. The size of the ECB's balance sheet is important as a signal of its determination to act, he said, but "...

  • German investor confidence spikes higher Tuesday, 16 Dec 2014 | 5:43 AM ET

    BERLIN— A survey is showing a sharp rise in German investor confidence, with falling oil prices and a weaker euro among factors fueling optimism in Europe's biggest economy. ZEW also said investors' assessment of Germany's current situation also improved. ZEW president Clemens Fuest cautioned that "the current optimism is fuelled by factors that might change...

  • TOKYO, Dec 16- Japanese government bond prices ticked up on Tuesday as sinking oil prices raised concerns over the global economic outlook, with the five-year yield falling to a record low following a strong auction result. The 2.7 trillion yen of five-year JGBs were sold at a higher price than market players had expected, triggering short-covering by traders.

  • Honeywell sales outlook for 2014, 2015 falls short Monday, 15 Dec 2014 | 2:46 PM ET

    MORRIS TOWNSHIP, N.J.— Honeywell International Inc. has pared its sales outlook for the fourth quarter and full-year, saying Monday that it expects only modest economic growth in most of the world next year. Even so, the industrial conglomerate backed its previous guidance on earnings for the fourth quarter and 2014. Honeywell also issued earnings and sales...

  • MOSCOW, Dec 15- Russia's central bank said on Monday it was likely the economy would contract in the first quarter of next year and that it perhaps by around 4.5 percent in 2015 as a whole if oil prices average $60 a barrel. The outlook for Russia's economy has darkened considerably since the summer, as falling oil prices, Western sanctions over Ukraine and a...

  • MOSCOW, Dec 15- Russia's central bank said on Monday it saw a high likelihood of Russia's annual economic growth rate slipping into negative territory in the first quarter of next year. The bank also said in a monetary policy document that it could reach its mid-term inflation target of 4 percent by the end of 2017 but that would require keeping monetary policy...

  • Bank of Japan business survey shows tepid outlook Sunday, 14 Dec 2014 | 7:24 PM ET

    TOKYO— Japanese businesses are cautious over prospects for a recovery, according to a quarterly central bank survey released Monday that showed a mixed outlook for the world's third-largest economy. The results of the Bank of Japan's "tankan" highlight the challenges Prime Minister Shinzo Abe faces following a landslide election victory Sunday.

  • *Qatar falls sharply despite bullish economic outlook. The bourses' losses left Qatar and Bahrain as the only Gulf markets with year-to-date gains. With the exception of Oman and Bahrain, where state finances are relatively weak, analysts and fund managers think that scenario is unlikely.

  • DUBAI, Dec 14- Qatar predicted its economy would grow 7.7 percent next year, signaling the world's top exporter of liquefied natural gas expects very little disruption to its finances from the oil price plunge which is worrying many energy exporters. Even at current oil prices, analysts estimate Qatar's state budget might break even next year; it has huge fiscal...

  • JOHANNESBURG, Dec 13- South Africa's government defended its economic policies on Saturday after credit ratings agencies cited the country's low GDP growth and budget and current account deficits as weaknesses. Ratings agency Fitch maintained South Africa's BBB rating, two notches above junk status, in a review on Friday, but kept its negative outlook and...