Retail sales in the U.S. dropped more than forecast in September, reflecting a broad-based pullback that signaled consumers took a breather. The 0.3 percent decrease followed a 0.6 percent August gain that was the biggest in four months, Commerce Department figures showed today in Washington. The…
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Retail Sales in U.S. Decreased More Than Forecast in September
Federal Reserve officials have an additional reason to be patient about raising short-term interest rates: Downward pressure on commodities prices. Nymex crude oil futures prices dropped $3.90 per barrel Tuesday to $81.84, the lowest level since June 2012. Crude is down 19% from a year earlier. N…
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Commodity Price Drop Gives Fed Additional Breathing Room
Another health care worker has tested positive for Ebola in the U.S., the Texas Department of Health said on Wednesday, becoming the second person to contract the deadly disease in the U.S. and the third to be treated for it. The worker, who was employed at Texas Health Presbyterian Hospital, w…
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Second health care worker tests positive for Ebola in Texas
Brent crude oil was steady at $85.25 at 7:30 GMT on Wednesday morning after posting its largest daily loss in two years on Tuesday. The commodity was weighed down by the International Energy Agency’s decision …
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Brent Steady After Tuesday’s Sharp Fall
AbbVie Inc. is considering scrapping its planned 32.4-billion-pound ($51.5 billion) acquisition of drugmaker Shire Plc in what would be the biggest casualty of the U.S. crackdown on so-called tax inversions. Shire’s stock plunged the most in 12 years after AbbVie said its board will meet by Oct….
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AbbVie Considers Ending Shire Deal on Tax Rule Changes
American-led forces have sharply intensified air strikes in the past two days against Islamic State fighters threatening Kurds on Syria’s Turkish border after the jihadists’ advance began to destabilise Turkey. The coalition had conducted 21 attacks on the militants near the Syrian Kurdish town …
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U.S.-led air strikes intensify as Syria conflict destabilises Turkey
Finland has become the latest country to be stripped of its coveted AAA credit rating, after Standard & Poor’s downgraded it one notch to AA+. The Finnish prime minister, Alexander Stubb, described it as a “wake-up call”. Countries including the UK and US were among those to be dealt the humiliating…
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The AAA-rated club: which countries still make the grade?
Has there been a subtle shift in the market sentiment in the past 24 hours? Previously there has been significant selling pressure on equities, coupled with a preference for safe haven assets. However in the past day we have seen the VIX Volatility Index begin to pull lower, a recovery in gold begin…
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Signs of a turnaround in sentiment as Gold and Yen threaten a correction
Swiss economic expectations slumped to the lowest level in two years in October as financial analysts are worried the sharp growth slowdown in the eurozone will spill over into the Alpine country. A survey by the ZEW Institute and Credit Suisse Group, released Wednesday, showed the headline ind…
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Swiss Economic Expectations Slump in October
The dollar hit a five-year high against the Canadian dollar and a four-year peak against Norway’s crown on Wednesday as investors grew bullish again and shunned currencies grappling with falling oil prices. The Norwegian crown, which has a good correlation to crude oil prices like the Canadian do…
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Dollar revives, oil price drop hits Canadian, Norwegian currencies
U.K. unemployment fell more than forecast to the lowest in six years and wage growth picked up for a second month. The jobless rate based on International Labor Organization methods dropped to 6 percent in the three months through August from 6.2 percent, the Office for National Statistics said …
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U.K. Unemployment Falls More Than Forecast as Wages Improve
•Comparing the estimates for June to August 2014 with those for March to May 2014, employment continued to rise and unemployment continued to fall. These changes continue the general direction of movement since late 2011/early 2012. …
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UK Labour Market, October 2014
Jitters over the potential for political turmoil in Greece offer another reminder that the eurozone crisis isn’t behind us. As you can see in this chart, the yield on the country’s 10-year government bond has poked back above 7% on Tuesday. That’s up from a trough near 5.5% in June, when yields w…
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Why you can’t take your eye off Greece
If scary markets frighten you as much as scary movies, then you might want to keep your hands over your eyes for a while longer yet. Though stocks staged a rally Tuesday, the issues that have bedeviled the market in 2014 haven’t really gone away, in much the same way that horror movie legends Jas…
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The top 10 signs for when the selling is over
The following are the intraday outlooks for EUR/USD, GBP/USD, USD/CAD, and EUR/JPY as provided by the technical strategy team at SEB Group. EUR/USD: Go bearish again below 1.2605/583. It seems like the market once again failed to kick start a better correction higher. It’s not over yet, but if …
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Intraday Outlooks For EUR/USD, GBP/USD, USD/CAD, EUR/JPY – SEB
Ladies and Gentlemen, It is a great pleasure to welcome you to the 7th biennial ECB’s Statistics Conference. At the previous Statistics Conference, in April 2012, the focus was on the then remarkable expansion of the ECB’s functions and their impact on ECB statistics. In addition to its primar…
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Draghi: Towards the banking union – Opportunities and challenges for statistics
“We don’t have a recession in Germany,” said German Finance Minister Wolfgang Schaeuble in a widely quoted remark last week. It may not be true for much longer — and while that would be bad news for Germany, it may be good news for the rest of Europe. The German economy ministry has cut the coun…
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Germany Can’t Go It Alone Anymore
band now 36.7-45.7 as of yesterday; CB had sold $ 2.72 bln for value 14 Oct; A larger than usual increase in the band means they’re still struggling to keep a hold on the rouble selling;
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Central bank of Russia raises rouble corridor by 35 kopecks
Call it America’s $11 trillion advantage: Consumer spending is likely to steer the U.S. economy safely through the shoals of deteriorating global growth and turbulent financial markets. The combination of more jobs, falling gasoline prices and low borrowing costs will help lift household purchas…
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The $11 Trillion Advantage That Shields U.S. From Turmoil
Vice President Joe Biden will meet with human resource officers from major U.S. companies at the White House on Wednesday to discuss changes to hiring practices aimed at improving employment prospects for people who have been out of work for a while. Officials from companies such as Citigroup, …
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White House, companies look for ways to hire long-term unemployed
