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Economic Forecasting

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  • LONDON, Oct 16- Copper prices plunged to their lowest levels in six months on Thursday, pressured by concerns about the outlook for global economic growth and caution about stimulus measures from the United States coming to an end. Three-month copper on the London Metal Exchange fell 1.1 percent to $6.568 a tonne at 0956 GMT, having earlier fallen to $6,558, its...

  • SHANGHAI, Oct 16- Hong Kong shares finished lower on Thursday on worries over slowing global growth prompted by a slew of weak U.S. economic data, but losses were limited by a more positive outlook on China. The Hang Seng Index closed down 1.0 percent at 22,900.94 points, with the China Enterprises Index of the leading offshore Chinese listings in Hong Kong also...

  • *Sept new loans 857.2 bln yuan vs f'cast 730- 735 bln yuan. But a drop on China's foreign exchange reserves in the third quarter signalled speculative money outflows amid increased worries about the country' economic slowdown. Worries that a sudden fall-off in credit supply could further hobble China's shaky economy were reinforced in July when total social...

  • China Sept new bank loans 857.2 bln yuan, beats forecast Wednesday, 15 Oct 2014 | 10:34 PM ET

    BEIJING, Oct 16- Chinese banks made 857.2 billion yuan worth of new loans in September, data showed on Thursday, beating market expectations in a sign that demand for credit is picking up. The central bank also said China's total social financing aggregate, a broad measure of liquidity in the economy, was 1.05 trillion yuan in September, versus 957.4 billion yuan in...

  • Key U.S. short-term rate rises in bond market rally Wednesday, 15 Oct 2014 | 4:39 PM ET

    NEW YORK, Oct 15- A key short-term U.S. interest rate rose to a two-month high on Wednesday, a glaring exception on a day when global bond yields fell broadly in one of the most volatile sessions in years because of a deteriorating outlook for the global economy. In the $5 trillion U.S. repurchase agreement market, the overnight interest rate for banks and Wall Street...

  • Q3 GDP outlook tracking 3.2%     Wednesday, 15 Oct 2014 | 1:21 PM ET

    CNBC's Steve Liesman reports current third quarter GDP forecasts.

  • Bund yields hit new lows as euro zone outlook weakens Wednesday, 15 Oct 2014 | 7:13 AM ET

    *Fitch places France's AA+ ratings on negative watch. LONDON, Oct 15- German Bund yields fell to a record low on Wednesday as worries over a deteriorating euro zone economic outlook, fed by another credit rating blow for France, and "free falling" inflation expectations dominated the market. Yields jumped in Greece, where investors are worrying about the risk of snap...

  • LONDON, Oct 15- South Africa is likely to cut its 2014 growth forecast next week but the government does not expect the economy to slip into recession, Finance Minister Nhlanhla Nene said on Wednesday. The country, a top metals exporter, is feeling the impact of a slowdown in key market China and a fall in mining output, due largely to labour unrest.

  • CSX beats, citing U.S. economy for freight boost Tuesday, 14 Oct 2014 | 5:17 PM ET
    CSX freight lines run through center city Philadelphia

    CHICAGO, Oct 14- No. 3 U.S. railroad CSX Corp on Tuesday reported a rise in third-quarter profit, beating forecasts and predicting double-digit growth for 2015 as it moved more freight on its network due to a growing U.S. economy. CSX reported earnings per share of 51 cents, up from 45 cents a year ago and beating the 48 cents expected by Wall Street analysts.

  • CHICAGO, Oct 14- No. 3 U.S. railroad CSX Corp on Tuesday reported a rise in third-quarter profit, beating forecasts and predicting double-digit growth for 2015 as it moved more freight on its network due to a growing U.S. economy. CSX reported earnings per share of 51 cents, up from 45 cents a year ago and beating the 48 cents expected by Wall Street analysts.

  • WASHINGTON, Oct 14- The head of the San Francisco Federal Reserve Bank on Tuesday said he would be open to another of round asset purchases if inflation trends were to fall significantly short of the U.S. central bank's target. Although he said it would take a big shift in the U.S. economic outlook for the Fed to restart its bond buying, John Williams said the...

  • LONDON, Oct 14- Global fund managers are their most gloomy on the outlook for global growth and stock markets in two years as they adjust to a world of diminishing central bank stimulus, a survey showed on Tuesday. The Bank of America-Merrill Lynch poll for October showed a sharp increase in money managers' risk aversion, with their equity allocation slashed to a 34...

  • Global fund managers are their most gloomy on the outlook for global growth and stock markets in two years as they adjust to a world of diminishing central bank stimulus, a survey showed on Tuesday. The Bank of America-Merrill Lynch poll for October showed a sharp increase in money managers' risk aversion, with their equity allocation slashed to a 34 percent...

  • LONDON, Oct 14- Copper prices rose to a two-week high on Tuesday, buoyed by confidence about the outlook for demand from top consumer China following its plans to step-up infrastructure projects. The outlook for copper, which is mainly used in the power and construction industries, brightened after a senior official at China's economic planner said the...

  • German government slashes growth forecast Tuesday, 14 Oct 2014 | 5:53 AM ET

    The drip, drip of bad news has raised fears that Germany could slip back into recession or stagnate, dragging down the 18- country eurozone— which itself is struggling to stoke a recovery. He said geopolitical conflicts and mediocre global growth were holding Germany back, while domestic demand and employment remain strong. Germany is a major exporter, selling...

  • *Market prices in later rate hike by Bank of England. LONDON, Oct 14- British inflation slowed sharply in September to its lowest level in five years, further reducing pressure on the Bank of England to start raising interest rates even as the economy grows strongly. "The lower reading on core inflation, if it were to be sustained, raises the risk that the BoE delays its...

  • *Germany's ZEW index in focus amid global growth worries. TOKYO, Oct 14- The dollar rebounded modestly against the yen and euro on Tuesday following steep falls overnight, although risk aversion amid the fall in global equities and uncertainty on the timing of Federal Reserve interest rate hikes put a firm cap on the currency. With U.S. stocks falling this much,...

  • *Germany's ZEW index in focus amid global growth worries. TOKYO, Oct 14- The dollar probed recent lows on Tuesday as risk aversion amid the fall in global equities favoured peers such as the yen, with uncertain timing about the Federal Reserve's interest rate hike further undermining the U.S. currency's appeal. Weak signals from Germany, the euro zone's largest...

  • MEXICO CITY, Oct 13- The Mexican peso could hold its value or even strengthen against the U.S. dollar on the back of a raft of domestic economic reforms and the country's close ties to the United States, Mexico's central bank chief Agustin Carstens said. But strong economic fundamentals in Mexico should help shore up Mexico's peso, Carstens told Mexican newspaper...

  • KINSHASA, Oct 13- Democratic Republic of Congo's economy is set to grow by 10.4 percent next year, the government said on Monday, driven by an expansion of agriculture, mining and infrastructure spending in Africa's largest copper producer. The forecast, contained in the government's 2015 budget, was higher than the International Monetary Fund's 8.5 percent...