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U.S. Existing Home Sales Unexpectedly Rebound In September
After reporting U.S. existing home sales at their lowest level in a year in the previous month, the National Association of Realtors released a report on Friday showing an unexpected rebound in existing home sales in the month of September. NAR said ex…
UK Logs Decade Low Budget Deficit For September
The UK budget posted the smallest budget deficit in a decade for the month of September, suggesting that the borrowing is on the course to undershoot the full-year target. Public sector net borrowing, excluding banks, decreased by GBP 0.7 billion from …
European Economics Preview: UK Public Sector Finance Data Due
Public sector finance from the UK and current account from euro area are due on Friday, headlining a light day for the European economic news.
U.S. Leading Economic Index Unexpectedly Edges Lower In September
For the first time in the last twelve months, the Conference Board released a report on Thursday showing an unexpected drop by its index of leading U.S. economic indicators in the month of September. The Conference Board said its leading economic index…
Philadelphia Manufacturing Activity Unexpectedly Grows At Faster Rate
Philadelphia-area manufacturing activity unexpectedly grew at a faster rate in the month of October, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The Philly Fed said its index for current manufacturing activit…
U.S. Weekly Jobless Claims Drop To Lowest Level In Over Forty Years
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits fell by much more than anticipated in the week ended October 14th, with claims sliding to their lowest level in over forty years. The report s…
UK Retail Sales Fall Most In 6 Months
UK retail sales declined the most in six months in September as high inflation squeezed household spending amid subdued wage growth. Retail sales including auto fuel dropped 0.8 percent month-on-month in September, reversing a 0.9 percent rise in Augus…
China’s Q3 GDP Expands As Expected
China’s economy expanded as expected in the third quarter but the pace of growth slowed marginally largely due to measures taken by the government to contain debt risks. Gross domestic product grew 6.8 percent year-on-year in the third quarter, the Nat…
Bank Of Korea Holds Benchmark Interest Rate Steady At 1.25%
The Bank of Korea’s monetary policy board on Thursday voted to keep the nation’s benchmark interest rate unchanged at the record low 1.25 percent for the 13th straight month.
Australia Jobless Rate Falls To 5.5% In September
The unemployment rate in Australia was a seasonally adjusted 5.5 percent in September, the Australian Bureau of Statistics said on Thursday.