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Economic Forecasting

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  • German consumers most confident since dot-com boom Thursday, 26 Feb 2015 | 3:35 AM ET

    BERLIN— Consumer confidence in Germany has hit its highest level in 13 years, leading an increase across Europe, as low energy costs and interest rates helped offset any concerns about the crises in Ukraine and Greece. The region's economic outlook has brightened also thanks to a weaker euro, which helps exporters, and the European Central Bank's decision to...

  • MOSCOW, Feb 26- Russia's banking system may see its bad loans rise to 17-23 percent of its loan portfolio in 2015 from around 8 percent last year, Standard& Poor's said on Thursday, underlining the impact of an economic crisis on the sector. Banks have suffered spike in bad loans and lower profits because of the crisis, deepened by Western sanctions over Moscow's...

  • MUMBAI, Feb 26- Standard& Poor's sharply raised India's growth forecasts for the next several years to reflect a recent change in how gross domestic product is calculated by the government, and said the economy should be a "bright spot" in Asia. The revisions come after India this month changed the way it measures Asia's third-largest economy.

  • VIENNA, Feb 26- The euro zone must follow less restrictive economic policies if it wants desired levels of growth and inflation, French Finance Minister Michel Sapin told an Austrian paper, adding talks with the EU on cutting France's budget deficit were "optimal". Asked about the EU giving France more time to meet its deficit target, he said: "I for my part had...

  • DIARY-Top Economic Events to March 10 Wednesday, 25 Feb 2015 | 7:01 PM ET

    ATLANTA, United States- Federal Reserve Bank of Atlanta President Dennis Lockhart speaks on monetary policy and the economic outlook before the 2015 Banking Outlook Conference- 1800 GMT. LONDON- Federal Reserve Bank of Dallas President Richard Fisher gives a lecture on "Reflections on 10 Years at the Fed: Through the Financial Crisis" at event hosted by the...

  • TOKYO, Feb 25- Japanese share prices this week broke above resistance to hit a 14 1/ 2- year high in dollar terms, on optimism about Japan's economic outlook and corporate governance reforms. For the first time since it began rallying in late 2012 on anticipation Shinzo Abe would become prime minister and pursue aggressive stimulus, or so-called Abenomics, the...

  • China c.bank newspaper warns of rising deflation risk Wednesday, 25 Feb 2015 | 12:45 AM ET

    SHANGHAI, Feb 25- China is dangerously close to slipping into deflation, the central bank's newspaper warned on Wednesday, highlighting increasing nervousness in policymaking circles as a sputtering economy struggles to pick up speed despite a raft of stimulus steps. As a slowdown in China's economy over the past year was accompanied by a chill in global...

  • *Market circumspect foreign investors can short sell China shares. SHANGHAI, Feb 25- China share markets held a soft tone on Wednesday as trading resumed after a week-long holiday, with some investors taking profits after an extended pre-holiday rally. "After seven consecutive days of index gains, the market is cautious after a long holiday given no fresh easing...

  • *European shares supported by Greek deal. NEW YORK, Feb 24- The dollar edged lower and bond yields fell after U.S. Federal Reserve Chair Janet Yellen said on Tuesday it would be several months before the Fed expects to raise interest rates, while European equity markets gained after Greece produced a list of proposed economic reforms.

  • ATHENS, Feb 24- Greece expects to start discussions immediately with its EU/IMF partners on filling the state's funding gap, a finance ministry official said on Tuesday. Following interest payments this month of about 2 billion euros to private bondholders and official lenders, Greece must repay an International Monetary Fund loan of around 1.6 billion that...

  • LONDON/ NEW YORK, Feb 24- The dollar edged lower and bond yields fell after U.S. Federal Reserve Chair Janet Yellen said on Tuesday it would be several months before the Fed expects to raise interest rates, while European equity markets gained after Greece produced a list of proposed economic reforms. "It's pretty evenhanded," said Thomas Simons, money market...

  • Asian stocks mostly up, cheered by US Fed chair remarks Tuesday, 24 Feb 2015 | 10:18 AM ET

    The latest milestones came as investors liked what they heard from Federal Reserve Chair Janet Yellen, who told Congress the central bank would be patient about raising interest rates as the economy improves. "Markets had been very focused on the Yellen testimony and wanted to see if there was going to be any change in the outlook for the first Fed rate hike," said...

  • Macy's offers cautious annual profit outlook Tuesday, 24 Feb 2015 | 8:32 AM ET

    NEW YORK— Macy's delivered a disappointing full-year profit outlook Tuesday as the department store chain reported sluggish sales for the holiday quarter. The department store chain, which also operates the upscale Bloomingdale's chain, has been a standout among its peers throughout the economic recovery and has reaped the benefits of its strategy to...

  • MADRID— Spain's economy will grow by more than previously thought this year, the prime minister said Tuesday, as he laid out the credentials of his conservative government prior to elections later this year. Mariano Rajoy said Spain had moved from the edge of the abyss to being the eurozone country with the highest growth and job creation. Socialist party leader...

  • *Nigeria plans OPEC emergency meet if prices fall further- FT. SINGAPORE, Feb 24- Brent fell towards $58 a barrel on Tuesday, extending the 2- percent loss in the previous session, as oversupply fears lingered, overshadowing any optimism on the outlook for the global economy. Brent fell 41 cents to $58.49 a barrel by 0640 GMT, while U.S. crude was down 51 cents at $48.94.

  • *Hong Kong to deliver budget at 0300 GMT Wednesday. HONG KONG, Feb 24- Hong Kong is expected to unveil measures to support low-income families and boost the city's labor market in its annual budget on Wednesday, although an uncertain economic outlook makes bold new initiatives unlikely. Hong Kong is forecast to outline relief measures for the poor and elderly,...

  • SINGAPORE, Feb 24- Gold steadied near its lowest level in seven weeks on Tuesday as investors looked to Federal Reserve Chair Janet Yellen's Senate testimony for signs of when the U.S. central bank will raise interest rates. *Spot gold was little changed at $1,203.52 an ounce by 0041 GMT. *Yellen will discuss the outlook for the U.S. economy and monetary policy in her...

  • But anyone who expects Fed Chair Janet Yellen to clarify the timetable for a rate hike when she speaks to Congress this week could be disappointed. Yellen's testimony Tuesday to a Senate committee and Wednesday to a House committee— her semiannual report to Congress on the economy and interest rates— could produce a battle of wills: Lawmakers will likely push...

  • TOKYO, Feb 23- Japanese companies see no need for an aggressive pursuit of a 2 percent inflation goal or additional easing in monetary policy, a Reuters poll showed- a stance that supports the central bank's recent rowing back on its consumer price targets. Below are the questions and answers to a poll conducted Feb. 2-17 for Reuters by Nikkei Research.

  • TOKYO, Feb 23- Japan Inc sees no need for an aggressive pursuit of a 2 percent inflation goal or additional monetary easing, a Reuters poll showed- a stance that supports the central bank's recent softer tone on achieving its consumer price target in the near future. Analysts, however, expect the Bank of Japan to embark on more stimulus later this year, topping up its...