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Economic Forecasting

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  • POLL-Oil forecasts dive after OPEC keeps output target Thursday, 4 Dec 2014 | 6:00 AM ET

    *Brent seen averaging $82.50, U.S. crude $78.00 in 2015. Dec 4- Oil price forecasts have collapsed in the wake of OPEC's decision not to cut output despite a global glut, Reuters monthly poll showed on Thursday. The survey of 31 economists and analysts, conducted after the Organization of the Petroleum Exporting Countries meeting on Nov. 27, forecast North Sea Brent...

  • LONDON, Dec 4- Sterling steadied on Thursday as traders who had initially reacted positively to British finance minister George Osborne's latest fiscal statement looked more closely at negative aspects including a cut to longer-term growth forecasts. While Osborne, in his Autumn Statement on Wednesday, raised growth forecasts for Britain's economy for...

  • Kremlin aide plays down recession forecast for 2015 Thursday, 4 Dec 2014 | 3:46 AM ET

    MOSCOW, Dec 4- Kremlin economic adviser Andrei Belousov said on Thursday a forecast that the Russian economy will plunge into recession next year was a "technical mistake".

  • KREMLIN TOP ECONOMIC AIDE BELOUSOV SAYS RECENT RECESSION FORECAST FOR 2015 IS "TECHNICAL MISTAKE".

  • European shares edge higher, focus on ECB meeting Thursday, 4 Dec 2014 | 3:15 AM ET

    LONDON, Dec 4- The pan-European FTSEurofirst 300 index edged up to trade near a 2-1/ 2- month high on Thursday, with an improving U.S. economic outlook and expectations of further stimulus from the European Central Bank helping the market. Ryanair jumped 8.7 percent, the top gainer in the FTSEurofirst 300 index, after raising its full-year profit guidance to...

  • TOKYO, Dec 4- Asian stocks edged higher on Thursday as fresh signs of resilience in the U.S. economy offset some of the gloom over a weakening global outlook, while the euro wallowed near two-year lows before a much-anticipated European Central Bank meeting. Tokyo's Nikkei rose 0.8 percent, with sentiment buoyed by media projections suggesting a strong win for...

  • NEW YORK, Dec 3- The U.S. dollar demonstrated broad-based strength on Wednesday, bolstered by more upbeat comments on the U.S. economy by a Federal Reserve official ahead of a European Central Bank meeting that may result in more monetary easing measures. "The forcefulness of these moves in the dollar are being driven by Fed rate rise expectations but also perhaps...

  • OTTAWA, Dec 3- The Bank of Canada held its policy rate unchanged at 1 percent on Wednesday, declaring that while Canada's economic recovery is broadening to include exports and business investment, lower oil prices could cut inflation more than expected. "Canada's economy is showing signs of a broadening recovery," the bank said. Canada is a major oil and commodity...

  • In contrast, a survey covering China's services industry showed slightly faster expansion. "There are clear downside risks to various areas of the world economy including the euro zone and to some extent China," said Philip Shaw, chief economist at Investec. Markit's final November Composite Purchasing Managers' Index, based on surveys of thousands of...

  • SINGAPORE/ SYDNEY, Dec 3- The dollar hit a seven-year peak against the yen on Wednesday, following a rise in U.S. bond yields and Federal Reserve officials' mostly upbeat comments on the outlook for the U.S. economy. The greenback also rose against the Australian dollar, which slid to a four-year low after data showed Australia's economy unexpectedly slowed last...

  • Dollar index rises to highest since March 2009 Wednesday, 3 Dec 2014 | 2:12 AM ET

    SINGAPORE, Dec 3- The dollar rose on Wednesday to its highest in more than 5-1/ 2 years against a basket of currencies, helped by this week's rise in U.S. bond yields and Federal Reserve officials' mostly upbeat comments on the outlook for the U.S. economy. The dollar index touched a peak of 88.709, its loftiest level since March 2009. It was last steady on the day at 88.667.

  • SYDNEY, Dec 3- Australia's economic growth unexpectedly slowed last quarter as sliding export prices took a heavy toll on national income, and the outlook is even darker given the rout in global commodity prices of recent weeks. "This dynamic is unlikely to change in 2015 as the economy adjusts to structurally lower national income growth," said Su-Lin Ong, a...

  • SINGAPORE/ SYDNEY, Dec 3- The dollar hit a seven-year peak against the yen on Wednesday, following a rise in U.S. bond yields and Federal Reserve officials' mostly upbeat comments on the outlook for the U.S. economy. Besides the psychologically key 120.00 yen level, the greenback faces resistance at about 119.56 yen, the 23.6 percent retracement of its 1985 to 2011...

  • BEIJING, Dec 3- China's services sector grew slightly faster in November, two surveys showed on Wednesday, a welcome respite to a run of underwhelming data but still unlikely to allay concerns about the softening Chinese economy. A separate services PMI published by HSBC/ Markit inched up to 53.0 last month from October's 52.9, as new orders rose at their quickest...

  • Dollar extends gains, hits fresh 7-year high vs yen Tuesday, 2 Dec 2014 | 7:56 PM ET

    SINGAPORE, Dec 3- The dollar surged to a fresh seven-year high against the yen on Wednesday, after U.S. bond yields rose the previous day and as Federal Reserve officials this week painted a mostly rosy outlook for the U.S. economy. The dollar rose to 119.33 yen on trading platform EBS at one point, its highest level since August 2007. The greenback last traded at...

  • DIARY -Top economic events to Dec 15 Tuesday, 2 Dec 2014 | 7:01 PM ET

    CHARLOTTE, United States- Federal Reserve Bank of Philadelphia President Charles Plosser speaks on the economic outlook before the Charlotte Economics Club- 1730 GMT. WASHINGTON- Federal Reserve issues the Beige Book of economic condition- 1900 GMT. WASHINGTON- Federal Reserve Board Governor Lael Brainard and former Federal Reserve vice chair Donald Kohn...

  • SYDNEY, Dec 3- The dollar hovered at a seven-year high against the Japanese yen early on Wednesday, following a broad rally overnight, thanks in part to a big rise in U.S. yields as the economic outlook there outshone most of its rich world peers. The dollar traded at 119.22 yen, after reaching 119.29, a high not seen since August 2007. The greenback also gained on the...

  • Energy patch grows despite oil's tank  Tuesday, 2 Dec 2014 | 4:02 PM ET

    Digging into the market impact of lower oil, with Jeff Saut, Raymond James; "Fast Money" trader Jon Najarian; and CNBC contributor Carol Roth.

  • Energy stocks ignore oil dip  Tuesday, 2 Dec 2014 | 3:53 PM ET

    Discussing the action in energy stocks, and Germany's intraday market high today, with Terry Dolan, Benjamin & Jerold, and CNBC's Bob Pisani.

  • CHICAGO, Dec 2- U.S. chief executive officers are more pessimistic about their spending plans and the outlook for the economy, but are more bullish on their hiring prospects, according to a quarterly survey from the Business Roundtable released on Tuesday. "The economy ended the year essentially where it started- performing below its potential," Randall...