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Turkey Hikes Interest Rates
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👤Xinyang
🕔November 24, 2016
News Event
From Trading Economics: The Central Bank of Turkey raised its benchmark one-week repo rate by a higher-than-expected 50bps to 8 percent on November 24th and its overnight lending rate by 25 bps to 8.5 percent, while it held its borrowing rate at 7.25 percent.…
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👤Arthur Greene
🕔November 24, 2016
The U.S. Census Bureau and the Department of Housing and Urban Development reported on Wednesday morning that sales of new homes in October slipped to a seasonally adjusted annual rate of 563,000, a decrease of 1.9% below the revised September rate of 574,000 and an increase of 17.8% compared with the October 2015 rate of 478,000.…
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👤Xinyang
🕔November 23, 2016
News Event
From Trading Economics: The flash Markit Eurozone Composite PMI increased to 54.1 in November of 2016 from 53.3 in October, beating market expectations of 53.3. It is the highest reading so far this year, as both manufacturing and services expanded faster, boosted by rising order books, employment and backlogs of work while inflationary pressures were the highest for over five years.…
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👤Xinyang
🕔November 22, 2016
News Event
From Trading Economics: Sales of previously owned houses in the United States rose 2 percent to a seasonally adjusted annual rate of 5600 thousand in October of 2016. It is the highest figure since February of 2007, beating market expectations of a 0.5 percent fall or 5430 thousand.…
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👤Arthur Greene
🕔November 22, 2016
Sales at U.S. retail stores rebounded in September, with auto dealers and gas stations racking up the biggest gains, in a sign consumers are still spending enough to keep the economy on a slow but steady growth path.
Retail sales rose 0.6 percent, in line with economists’ expectations, but would have been flat without the increased purchases of cars and parts.…
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👤Arthur Greene
🕔November 22, 2016
British manufacturers reported their healthiest order books in November since before the Brexit vote and they are their most confident about the near-term outlook in nearly two years, an industry survey showed on Tuesday.
But the Confederation of British Industry also said manufacturers intend to raise prices at the fastest pace in almost three years, reflecting the sharp fall in the value of the pound since voters decided to leave the European Union in June.…
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👤Xinyang
🕔November 22, 2016
News Event
From Trading Economics: Denmark’s consumer confidence decreased to 0.9 in November 2016 from 1.2 the previous month. It was the lowest reading since May 2013, as consumers’ expectations regarding the country’s economic situation in a year worsened. Also, prospects about unemployment over the next twelve months deteriorated and the willingness to buy major durable goods declined.…
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👤Arthur Greene
🕔November 21, 2016
Wholesalers account for the largest portion of the services sector, which in turn represents roughly two-thirds of total Canadian gross domestic product. Wholesalers generally act as an intermediary in the distribution of merchandise, and as a result tend to sell goods in large quantities to retailers, businesses and institutional clients.…
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👤Xinyang
🕔November 21, 2016
News Event
From Trading Economics: Exports from Japan decreased 10.3 percent year-on-year to JPY 5869.9 billion in October of 2016. It is the 13th consecutive drop and much worse than expectations of an 8.6 percent fall. Sales went down mainly to the United States (-11.2 percent); China (-9.2 percent); the European Union (-9.5 percent); South Korea (-4.6 percent) and Taiwan (-2.8 percent).…
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👤Arthur Greene
🕔November 20, 2016
Iranian Oil Minister Bijan Namdar Zanganeh said he’s optimistic that OPEC members will agree to proposed production cuts at a meeting in Vienna later this month.
The group—which controls over a third of global oil production—agreed in September to reduce output to help draw down a glut of supplies weighing down on prices.…
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