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Economic Forecasting

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  • *Dollar holds above 121.50 yen, euro stays below $1.2300. *Aussie dips below 83 US cents, China trade data next. The surge in payrolls by 321,000 in November easily blew past Wall Street's expectations and served to further highlight the divergence in economic outlook between the United States and most of the developed world.

  • DIARY- Top Economic Events to Dec 19 Friday, 5 Dec 2014 | 7:01 PM ET

    ATLANTA, United States- Federal Reserve Bank of Atlanta President Dennis Lockhart speaks on economic outlook and monetary policy before the Council for Quality Growth- 1730 GMT. LONDON- Bank of England holds quarterly financial policy committee meeting. BRUSSELS- Meeting of euro zone finance ministers to discuss 2015 draft budgets.

  • SANTIAGO, Dec 5- The slide in oil prices will probably cut Canadian economic growth by 1/ 3 of a percentage point in 2015, not the 1/ 4 point the Bank of Canada estimated in late October, bank Governor Stephen Poloz told Reuters on Friday. He was speaking on the sidelines of an International Monetary Fund forum in Santiago two days after he held the central bank's...

  • SANTIAGO, Dec 5- The slide in oil prices will probably cut Canadian growth by 1/ 3 of a percentage point in 2015, not the 1/ 4 point estimated in late October, Bank of Canada Governor Stephen Poloz told Reuters on Friday. However, U.S. growth is a little stronger than previously forecast and this should offset some of the downward pressure from cheap oil, Poloz said on the...

  • BERLIN, Dec 5- German industry orders rose far more than forecast in October and though the Bundesbank dampened the mood by slashing its growth forecasts for Europe's largest economy, its president said there were signs current weakness would soon be overcome. Industrial orders surged by 2.5 percent on the month in October thanks to strong domestic demand...

  • ECB sharply cuts inflation and growth forecasts Thursday, 4 Dec 2014 | 8:52 AM ET

    FRANKFURT, Dec 4- The European Central Bank slashed its forecasts on Thursday for growth and inflation over the next two years, saying the outlook had deteriorated since its last staff forecasts were published in September. It forecast 2014 inflation at 0.5 percent, rising slightly to 0.7 percent next year and 1.3 percent in 2016.. ECB President Mario Draghi...

  • Bank of England keeps rates on hold at record low Thursday, 4 Dec 2014 | 7:01 AM ET

    LONDON, Dec 4- The Bank of England kept interest rates at a record low on Thursday as policymakers gave more weight to the risks from low inflation and a weak global economic outlook than to a strong recovery at home. Britain's consumer-led recovery looks set to slow down only modestly going into 2015, but economists and financial markets expect no rate hike...

  • 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...