Global economy remains fragile; high-income countries suffering from slow growth. Read more ...
Providing information, analysis, and advice on global trends in the world economy. Find out more ...
Now free. Daily and monthly updates on global economic developments and relevant topical issues. Find out more ...
Important developments today:
1. Asia’s IPO activity is dominating the global IPO market
2. U.S. initial unemployment claims dips to second lowest level in 2010
Important developments today:
1. The U.S. Treasury sells bonds with negative yield for the first time
2. U.S. home prices fall in August
3. In the euro zone… Consumer sentiments in Germany will be sustained
Important developments today:
1. The U.S. Treasury sells bonds with negative yield for the first time
2. U.S. home prices fall in August
3. In the euro zone… Consumer sentiments in Germany will be sustained
Important developments today:
1. Emerging market equities advance the most in almost two weeks
2. Sales of U.S. existing homes jumps to highest on record
3. Euro zone industrial orders surge in August
Important developments today:
1. Foreign investors pour record amounts of money into EM Funds
2. U.S. push for current account targets finds little support at G-20 meetings
3. German IFO index rises to highest level in over 3 years, suggesting more growth to come
Important developments today:
1. Russia to sell record volume of local-currency bonds on overseas markets
2. U.S. initial claims fall
3. Euro zone’s recovery slows down, but there remains a chasm in economic activity among member countries
Important developments today:
1. Treasuries edge higher amid growing market expectation of Fed debt purchases
2. Producer price rises in Germany
Important developments today:
1. China’s unexpected rate hike jolts markets
2. U.S. Housing starts stabilize at low levels
3. German investor confidence continues its decline, 6 months running
Important developments today:
1. Emerging market equities drop the most in almost two months
2. U.S. industrial output dips for first time in over a year
Important developments today:
1. US consumers continue spending
2. China's foreign direct investment increased in September
Non-energy commodity prices in September rose for the third straight month, up 3.9 percent, due to supply constraints and a weakening U.S. dollar—down 1.5 percent versus the euro. For the first nine months of the year, non-energy prices are up 17.9 percent, with large gains in iron ore and fertilizers.
Indices of Nominal US$ Prices (2000=100)
Source: The World Bank
Important developments today:
1. South African stocks rise to 2-year high
2. U.S. initial jobless claims rise again
3. Trade deficit for the U.S. in August widened to $46.3bn up from the $42.6bn
Important developments today:
1. South African stocks rise to 2-year high
2. Euro zone industrial output up in August
Important developments today:
1. Thailand to impose tax on foreign investment in bonds
2. For the third consecutive month consumer confidence in Japan slid downwards
Important developments today:
1. EM equity funds receive the most weekly inflows since late 2007
2. Sluggish U.S job market persists
3. Commerce Department reported a 0.8% increase in inventories in August
Important developments today:
1. Mixed results for Treasury prices
2. U.S. initial claims slows down to 12-week low
3. Industrial production in Germany was up 1.7% in August
Important developments today:
1. Fitch downgrades Ireland’s credit rating another notch
2. The German engine powers on
Important developments today:
1. German government bond climbs amid demand for safe-haven assets
2. U.S. service sector expands in September
3. The euro zone’s services PMI fell from 55.9 in August to 54.1 in September
Talking currencies is back in vogue again. The ebbs and flows of the news cycles surrounding the renminbi, yen, real, and dollar almost resemble the wild swings of the currencies themselves. Why the sudden revival of interest in the mass media about so esoteric a topic as exchange rates? After all, in the rarified world of economic theory, countries would allow their national monies to be freely determined by markets for foreign exchange; in return, the market-established rate would magically eliminate imbalances in national trading accounts.
Important developments today:
1. U.S. business capital spending still strong
2. The number of contracts to purchase previously owned homes in the U.S increased by 4.3%
3. August retail sales in Germany fell by 0.2%
In U.S. economic news today: personal consumption expenditures (PCE) in August beat market expectations, by rising a fairly sharp 0.4% (m/m) for a second month in succession. The gains were rooted in a favorable 0.5% monthly rise in personal incomes (the biggest advance of 2010), while the household saving rate moved up by a tenth of a point to 5.8%. This development adds more support to the view that U.S. domestic demand should continue on a modest (and likely decelerating) growth course over the remainder of 2010.
