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U.S. Weekly Jobless Claims Rise To 244,000
First-time claims for U.S. unemployment benefits saw a modest increase in the week ended February 18th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims rose to 244,000, an increase of 6,000 fro…
German Growth Improves On Spending; Consumer Sentiment To Fall
Germany’s economic growth accelerated, as initially estimated in the fourth quarter on robust domestic demand. However, a consumer confidence survey signaled a slowdown in spending this year as rising inflation and changes in the U.S. administration we…
European Economics Preview: Germany GDP, Gfk Consumer Sentiment Data Due
Revised quarterly national accounts and consumer sentiment from Germany are due on Thursday, headlining a light day for the European economic news.
Bank Of Korea Maintains Lending Rate At 1.25%
The Bank of Korea’s monetary policy board on Thursday voted to hold the nation’s benchmark interest rate unchanged at the record low 1.25 percent for the eighth straight month.
U.S. Existing Home Sales Rebound More Than Expected In January
After reporting a drop in U.S. existing home sales in the previous month, the National Association of Realtors released a report on Wednesday showing that existing home sales rebounded by more than expected in the month of January. NAR said existing ho…
German Business Confidence Improves Suggesting Stronger Growth Momentum
German business confidence unexpectedly improved in February on an upbeat assessment of the current economic situation and greater optimism for the future, adding to evidence that suggests growth is gaining momentum in the biggest euro area economy.
UK Q4 GDP Growth Tops Estimate On Manufacturing
The UK economy expanded more than initially estimated in the fourth quarter of 2016 on manufacturing activity, but the overall growth for the year slowed down due to weak stock-building. Gross domestic product advanced 0.7 percent sequentially in the f…
Hong Kong GDP Growth To Improve In 2017
Hong Kong’s economic growth is forecast to improve this year, driven by domestic demand and sustained increase in infrastructure and construction activities, Financial Secretary Paul Chan said in his 2017-18 budget speech on Wednesday. The economy is p…
European Economics Preview: Germany’s Ifo Business Confidence Due
Ifo business confidence survey from Germany and quarterly national accounts from the UK are the major reports due on Wednesday.
Australia Q4 Construction Work Falls 0.2%
The total value of construction work done in Australia fell a seasonally adjusted 0.2 percent on quarter in the fourth quarter of 2016, the Australian Bureau of Statistics said on Wednesday – standing at A$46.263 billion.