WASHINGTON, July 23- The International Monetary Fund on Wednesday said it expects the U.S. economy to grow 1.7 percent in 2014, even more slowly than it predicted a month ago, as weakness in the first quarter offsets an expected pick-up in the second half of the year.» Read More
Should investors be spooked by the markets? Brian Belski, BMO Capital Markets and Frederic Dickson, D.A. Davidson & Co, share their current market forecast.
TOKYO, July 11- Japanese Economics Minister Akira Amari warned that it would be premature for the Bank of Japan to consider an exit strategy from its massive stimulus program, voicing hope instead for further monetary easing if achievement of its inflation goal falls behind schedule.
The "Squawk on the Street" crew discusses Lumber Liquidators' weak Q2 and full-year outlook, as well as the state of housing demand.
*Bank of Korea cuts GDP, CPI forecasts; recovery seen on track. As expected, the Bank of Korea left its policy interest rate unchanged at 2.50 percent for the 14th straight month and trimmed its economic forecasts to reflect recent softness, but its governor maintained the view that Asia's fourth-largest economy was still on a recovery track.
*Trade surplus $31.6 bln vs $35 bln forecast. BEIJING, July 10- China's trade performance improved in June but still missed market forecasts, reinforcing expectations that Beijing will have to unveil more stimulus measures to stabilise the economy and meet its 2014 growth target.
SEOUL, South Korea— South Korea's central bank said economic growth will be slower than expected this year because consumer spending has waned following a deadly ferry sinking. Lee Ju- yeol, governor at the Bank of Korea, said Thursday that South Korea's economy will expand 3.8 percent this year instead of 4.0 percent predicted in April.
Copper prices hovered near their highest in almost five months, while aluminium matched a 13- month top. Three-month zinc was the strongest performer on the London Metal Exchange, climbing 1.1 percent to $2,308 a tonne by 1001 GMT, approaching a three-year high of $2,318.50 touched on Tuesday.
*Board meets July 14-15, decision seen July 15 0330-0500 GMT. TOKYO, July 9- The Bank of Japan may trim its economic growth forecast for the current year next week, sources familiar with its thinking said, reflecting soft exports and a bigger-than-expected slump in household spending after a sales tax hike in April.
TOKYO, July 9- The Bank of Japan may slightly cut its economic forecast for the current fiscal year at a quarterly review of its estimates next week, sources familiar with its thinking said, reflecting soft exports and a bigger-than-expected slump in household spending after a sales tax hike in April.
BEIJING, July 9- China's consumer prices rose 2.3 percent in June from a year earlier while producer prices fell 1.1 percent, official data from the National Bureau of Statistics showed on Wednesday, largely in line with market expectations.
Richmond Fed President Jeffrey Lacker said he expects economic growth to continue at a moderate pace, with inflation pressures remaining well-behaved.
July 8- Richmond Federal Reserve President Jeffrey Lacker said on Tuesday he expects U.S. economic growth to continue at a moderate pace, with inflation pressures remaining "well-behaved."
LONDON, July 8- Copper, aluminum and zinc touched fresh peaks on Tuesday, driven by speculators buying back short positions as the outlook for the global economy brightened. Copper went up through resistance, as did zinc, "a London trader said.
PARIS, July 8- OECD sees slowing or stable growth in emerging economies flat in major developing economies with the exception of India while the outlook for most developed economies is stable and improving in the United States, the OECD said on Tuesday.
LONDON, July 8- Copper prices hovered near their loftiest in more than four months on Tuesday, underpinned by a brightening outlook for the global economy, while zinc raced to its highest in nearly three years on expectations of tightening supplies.
*UK factory output shows biggest fall since Jan 2013. Factory output dropped by 1.3 percent in May, its biggest fall since January 2013 and in sharp contrast to economists' forecasts for a solid 0.4 percent increase, the Office for National Statistics said.
*C/A balance +522.8 bln yen in May vs f'cast +403.6 bln yen. TOKYO, July 8- Japan's current account logged a higher-than-expected surplus in May, government data showed on Tuesday, as the trade deficit narrowed due to a decline in imports. The surplus was 522.8 billion yen, more than the median forecast for a 403.6 billion yen surplus.
CHARLOTTE, United States- Federal Reserve Bank of Richmond President Jeffrey Lacker speaks on "Economic Outlook, July 2014" before a luncheon hosted by the Rotary Club of Charlotte in Charlotte- 1700 GMT.
NEW YORK, July 7- Longer-dated U.S. While Thursday's government payrolls report showed a robust 288,000 increase in hiring in June and the jobless rate fell to a six-year low at 6.1 percent, some traders were not convinced the labor market is strong enough for Fed Chair Janet Yellen and other policymakers to tighten policy sooner.
*Total, Sanofi fall after cautioning over results. Some analysts said that while Europe's stock market rally could flatline in the near term, the longer-term outlook remained positive given steps taken by the European Central Bank to boost the region's economy. A fall in the shares of heavyweight stocks Total and Sanofi also pegged back European markets.