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Economic Forecasting

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  • *Platinum, palladium recover after sharp losses. LONDON, Oct 17- Gold edged down on Friday as shares rebounded, although it was set for a gain for a second straight week as concerns over the global economy raised speculation the U.S. "There has been a move down in the dollar and equities this week, but in comparison the upside in gold has been relatively modest," ABN Amro...

  • European shares halt sell-off; Rolls-Royce sinks Friday, 17 Oct 2014 | 3:12 AM ET

    PARIS, Oct 17- European stocks rose in early trading on Friday, halting the week's sharp drop after Wall Street pared losses as macro data soothed fears about the U.S. economic outlook. The month-long sell-off in European stocks has prompted U.S.-based investors to slash their exposure to Europe, according to data from Thomson Reuters Lipper.

  • China's yuan eases, loses 0.1 pct on week Friday, 17 Oct 2014 | 12:29 AM ET

    SHANGHAI, Oct 17- China's yuan edged down slightly against dollar on Friday, pushed lower by corporate demand for dollars and after the central bank set a weaker midpoint, traders said. "Chinese companies and banks are more inclined to keep more dollars on hand of late due to concerns over China's economic outlook," said a trader at an Asian bank in Shanghai. China's...

  • TOKYO, Oct 17- Japanese business confidence slipped to the lowest in 1-1/ 2 years in October and it is seen struggling to rebound, a Reuters poll showed, a further sign Tokyo may be forced to offer fresh policy support to recharge an economy ailing from a sales tax hike. The sentiment index for manufacturers in the Reuters Tankan, which closely correlates with the...

  • *Industrial output posts biggest gain since November 2012. WASHINGTON, Oct 16- The number of Americans filing new claims for jobless benefits fell to a 14- year low last week and industrial output rose sharply in September, positive signals that helped ease fears over the economic outlook. Initial claims for state unemployment benefits dropped 23,000 to...

  • NEW YORK, Oct 16- The U.S. dollar recovered against the euro and yen on Thursday after stronger U.S. economic data reinforced the view that Wednesday's selloff in the greenback was overdone. "The data today was very important in that it provided reassurance that the U.S. economic outlook hasn't changed drastically," said Camilla Sutton, chief currency strategist...

  • *Gold trades in narrow range after Wednesday rally. NEW YORK/ LONDON, Oct 16- Gold prices were steady on Thursday, supported by renewed worries about a global economic slowdown, but bullion's failure to rally at a time of extreme volatility in equity and energy markets suggested the metal could pull back in the near term. Gold was underpinned after James Bullard,...

  • LONDON, Oct 16- British government bond prices suffered their biggest fall in over a year on Thursday, erasing almost all of Wednesday's strong gains, as traders rethought their view that the Bank of England would not raise interest rates next year. "The market is saying enough is enough, and you cannot justify given the economic outlook for the UK specifically, as...

  • WRAPUP 3-Data show U.S. economy's pulse is still strong Thursday, 16 Oct 2014 | 10:59 AM ET

    *Industrial output posts biggest gain since November 2012. WASHINGTON, Oct 16- The number of Americans filing new claims for jobless benefits fell to a 14- year low last week and industrial output rose sharply in September, positive signals that could help ease fears over the economic outlook. Initial claims for state unemployment benefits dropped 23,000 to...

  • WRAPUP 2-Data show U.S. economic pulse still strong Thursday, 16 Oct 2014 | 10:01 AM ET

    *Industrial output posts biggest gain since November 2012. WASHINGTON, Oct 16- The number of Americans filing new claims for jobless benefits fell to a 14- year low last week, while industrial output rose sharply in September, positive signals that could help ease fears over the economic outlook. Initial claims for state unemployment benefits dropped 23,000 to...

  • 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.