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Economic Forecasting

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  • WASHINGTON, Oct 11- Canadians would be working more hours if the nation's recovery were truly self-sustaining, Bank of Canada Governor Stephen Poloz said on Friday, casting a different light on the surge in employment in September. Poloz, who will be presenting the central bank's Monetary Policy Report on Oct. 22, also said a lot of the price hikes Canada has seen...

  • WASHINGTON, Oct 11- Brazil expects to see greater volatility in its economy when the United States begins hiking interest rates, Brazilian central bank chief Alexandre Tombini said on Saturday. Brazil has been preparing for an eventual rise in U.S. rates by amassing around $380 billion in currency reserves and maintaining a floating currency, Tombini said on...

  • China's central bank sees 'very low' risk of hard landing Saturday, 11 Oct 2014 | 11:47 AM ET

    WASHINGTON, Oct 11- The chance of a hard landing for China's economy is very small in spite of worries about the country's real-estate sector, the chief economist of the People's Bank of China said on Saturday. Ma Jun told a panel on the sidelines of the IMF and World Bank fall meetings in Washington that the property sector, which accounts for 20 percent of total...

  • WASHINGTON, Oct 10- Swiss National Bank Chairman Thomas Jordan vowed on Friday to take whatever steps were necessary to fend off deflation in the face of a weak global economy, worsening euro zone outlook and falling commodities prices. "At the moment we have this deflation risk, or risk of negative inflation, especially also because the European situation...

  • Cheap fuel & consumer sentiment     Friday, 10 Oct 2014 | 10:10 AM ET

    Discussing if falling gas prices are changing how consumers feel about spending and could help retail sales, with CNBC's Courtney Reagan.

  • *Copper not far from 5- month lows hit in early Oct. LONDON, Oct 10- Copper prices fell on Friday, reversing gains from the previous session, pressured by a stronger dollar and growing concerns about the outlook for economic growth. Global shares tumbled to six-month lows, hit by a raft of weak indicators from Europe at a time when other big economies, including China,...

  • Crude going to $65/barrel: Pro     Friday, 10 Oct 2014 | 7:34 AM ET

    Digging into the crude realities of the energy market, with Joe Petrowski, Mercantor Partners.

  • Lower gas, holiday sales boost?     Friday, 10 Oct 2014 | 7:34 AM ET

    CNBC's Courtney Reagan looks at whether lower gas prices could actually help retail sales this season.

  • KUALA LUMPUR, Oct 10- Malaysia's government looked to shore up its support base on Friday by announcing a budget that took the sting out of cuts to fuel subsidies and a new consumer tax by announcing lower income taxes and more money for assistance programs. While Malaysia's economy is on a strong growth trajectory- GDP is forecast to grow 5.0 to 6.0 percent in 2015...

  • *Copper down 9 percent so far this year. LONDON, Oct 10- Copper prices fell on Friday, reversing gains from the previous session, pressured by a stronger dollar and growing concerns about the outlook for economic growth. Three-month London Metal Exchange copper was at $6,632 a tonne at 0958 GMT, down 1.3 percent and not far from a five-month low of $6,600 a tonne hit on...

  • KUALA LUMPUR, Oct 10- Malaysia sees economic growth holding steady at 5.0 to 6.0 percent in 2015, despite expectations that domestic demand will be dampened by reduced fuel subsidies and the introduction of a new sales tax. The forecast, alongside an estimate of 5.5 to 6.0 percent growth for this year, was given in the government's 2014/ 2015 economic report,...

  • SINGAPORE, Oct 10- Brent crude futures tumbled nearly $2 to below $89 a barrel on Friday, trading at their weakest since 2010, as rising supply and a weakening global economic outlook stretched a months-long slump in oil prices. U.S. crude also slid by almost $2 to hit its lowest since 2012, ratcheting up pressure on OPEC to slash output to rescue prices in the face...

  • Nikkei drops to 2-month low on global growth concerns Thursday, 9 Oct 2014 | 9:39 PM ET

    *Fast Retailing jumps after strong outlook. TOKYO, Oct 10- Japan's Nikkei share average fell for the fourth straight day on Friday and hit a two-month low on concern about the strength of the global economy, but Fast Retailing Co outperformed after reporting rosy earnings. "Foreigners who had chased the Nikkei and its futures in July and August are taking profits...

  • SINGAPORE, Oct 10- Brent crude futures tumbled by more than a dollar to below $89 a barrel on Friday to trade near the weakest since 2010 as rising supply and a weakening global economic outlook stretched a months-long slump in oil prices. U.S. crude also slid by more than a dollar to trade near its lowest since 2012, reached just the session before, ratcheting up...

  • SYDNEY, Oct 10- London copper slipped on Friday after worsening economic indicators from Germany rekindled global growth concerns that have cast a pall on the outlook for metals. *German exports plunged in August by their largest amount since the height of the financial crisis and leading institutes slashed their forecasts for growth, fuelling a debate on...

  • *Wall St plunges, German recession fears mount as exports drop. NEW YORK, Oct 9- Brent broke below $90 a barrel on Thursday for the first time since the summer of 2012, joining a rout in U.S. crude and gasoline prices as sinking stock prices, Europe's worsening outlook and surging oil inventories hammered energy markets. Gary Ross, chief executive of PIRA Energy Group,...

  • Oct 9- Billionaire investor Carl Icahn said on Thursday a stock market correction is "definitely coming" and he is worried about the economy, as U.S. stocks tumbled on fresh worries about global growth. Icahn told CNBC in an interview that he still has a lot of money invested in the stock market and has taken measures to protect his portfolio. In November Icahn said at...

  • NEW YORK, Oct 9- Brent broke below $90 a barrel on Thursday for the first time since the summer of 2012, joining a rout in U.S. crude and gasoline prices as sinking stock prices, Europe's worsening outlook and surging oil inventories hammered energy markets. "You can draw as many technical support levels as you like on these markets from the charts, but none may really...

  • Analyst on Apple: Large tender unlikely     Thursday, 9 Oct 2014 | 12:55 PM ET

    After Carl Icahn's letter to Apple CEO Tim Cook regarding a large buyback, Toni Sacconaghi, analyst at Sanford C. Bernstein & Co, shares his reaction.

  • Pisani: What's causing market gyration     Thursday, 9 Oct 2014 | 12:46 PM ET
    A trader works on the floor of the New York Stock Exchange.

    CNBC's Bob Pisani reports the collision of debate over interest rates and slower growth outside of the U.S. is causing gyration in the market.