Feeds
Add the CTS feed to your RSS reader: http://www.ctsfutures.com/rss.aspx
Bernanke: Beyond Current Econ Challenges Lies Bright Future
Sat, 18 May 2013 10:00
WASHINGTON (MNI) - Federal Reserve Chairman Ben Bernanke took a break from current economic woes and uncertainties Saturday, looked into the future and found reason for optimism.
China April House Prices Show Easing Signs On Govt Curbs
Fri, 17 May 2013 22:36
BEIJING (MNI) - Chinese house price inflation showed signs of easing in April due to fresh curbs imposed by local governments, but economists still warned of persisting upward pressure.
Friday's Top Stories in the United States
Fri, 17 May 2013 17:12
* Prices of U.S. Treasury securities moved sharply lower Friday, raising yields 1.7 to 8.5 basis points. The 2-year note ended at 0.246% (99-24+) from 0.229% (99-25+) Thursday. The 10-year note was 1.951% (98-06) from 1.865% (98-30+).
Top Economic Policy Stories Worldwide Friday May 17
Fri, 17 May 2013 16:00
Markets
Statcan: Autos Lift Canada Mar Wholesale Sales 0.3%, Inv +0.1%
Fri, 17 May 2013 07:38
--Sales +1.0% from a year ago --Sale ex-motor vehicle and parts flat m/m, +0.6% y/y
Update:Asmussen: Mon Pol To Remain Expansive As Long As Needed
Fri, 17 May 2013 06:40
--But Not Necessarily Low Interest Rates --Updates MNI Story from 0704 ET With Banking Union Comments, Quotes
ECB'S Asmussen: Mon Pol To Remain Expansive As Long As Needed
Fri, 17 May 2013 06:04
--But Not Necessarily Low Interest Rates
Analysis: EMU Construction Suffered In March From Long Winter
Fri, 17 May 2013 04:00
Seasonally adjusted data:
REPEAT: Hollande Pledges Reform Offensive For France And Europe
Fri, 17 May 2013 02:34
- Initially Transmitted Thusday At 17:42 GMT
Week Ahead/US: Bernanke Testimony, FOMC Minutes, Home Resales
Fri, 17 May 2013 00:15
WASHINGTON (MNI) - The week ahead will feature housing data, minutes of the last meeting of the Federal Open Market Committee and testimony from Federal Reserve Chairman Ben Bernanke.
Thursday's Top Stories in the United States
Thu, 16 May 2013 16:12
* U.S. Treasuries prices ended Thursday higher after a two-wave short-covering rally on weak U.S. economic data and data showing falling inflation. The 2-year note ended at 0.229% (99-25+) from 0.241% (99-246) Wednesday. The 10-year note was 1.865% (98-30+) from 1.945% (98-07+).
Top Economic Policy Stories Worldwide Thursday May 16
Thu, 16 May 2013 15:41
Markets
Fed Williams Still Sees QE3 Taper 'Somewhat' As Early As Summr
Thu, 16 May 2013 14:05
-Need Further Gains To Say Have Met 'Substantial Improvement' Test
Fed's Raskin: To Calibrate Pol On Data Interpretation, Outlook
Thu, 16 May 2013 11:39
WASHINGTON (MNI) - Federal Reserve Board Gov. Sarah Bloom Raskin Thursday said the central bank will adjust its aggressive support for the "disappointingly slow" economic recovery based on its interpretation of incoming data, and what it means regarding the outlook for growth, jobs and price stability.
Statcan:Foreigners Buy C$1.2bln Of Canadian Securities in Mar
Thu, 16 May 2013 07:38
OTTAWA (MNI) For the second straight month in March, Canadian investment in foreign securities surpassed foreign investment in Canadian securities; however, the difference narrowed significantly as non-resident investors resumed purchasing Canadian securities following a C$6.3 billion divestment in February, Statistics Canada reported Thursday.
Fed's Rosengren: Contractionary Fisc Pol Requires Easy Mon Pol
Thu, 16 May 2013 06:45
--Could Argue Monetary Policy Not Easy Enough
RPT: Japan's Abe In Luck But Growth Needs Govt, Biz Changes
Thu, 16 May 2013 06:07
TOKYO (MNI) - Prime Minister Shinzo Abe's aggressive monetary easing push has given exporters breathing space and prompted consumers to spend, but programs to spur innovation are crucial for the economy to survive a sales tax hike next year and move onto a more sustainable growth track.
Eurozone April HICP Confirmed Lower At 1.2% Y/Y
Thu, 16 May 2013 04:00
FRANKFURT (MNI) - Eurozone inflation slowed to a 37-month low of 1.2% in April on falling energy prices and package holidays, Eurostat confirmed Thursday.
Japan's Abe In Luck But Stable Growth Needs Govt, Biz Change
Thu, 16 May 2013 02:56
TOKYO (MNI) - Prime Minister Shinzo Abe's aggressive monetary easing push has given exporters breathing space and prompted consumers to spend, but programs to spur innovation are crucial for the economy to survive a sales tax hike next year and move onto a more sustainable growth track.
Analysis:France's Industry Expects 2013 Investment To Decline
Thu, 16 May 2013 02:13
Mfg investment 2013: -4% y/y (revised from flat in January poll)
US Realtytrac:Q1 Bldg Permits Rise To Replace Falling Forclsrs
Wed, 15 May 2013 23:01
WASHINGTON (MNI) - A new report by housing data firm RealtyTrac Thursday projected that a first quarter surge in building permits is positioned to take up supply void left in the housing market by the decline in foreclosures.
Japan Q1 GDP +3.5% Annualized on Consumption, Exports
Wed, 15 May 2013 18:52
-- Japan Q1 Real GDP +0.9% Q/Q; MNI Forecast +0.7% -- Japan Q1 Real GDP +3.5% Annualized; MNI Forecast +2.8% -- Japan Q1 GDP Posts 2nd Straight Q/Q Growth -- Japan Q1 Domestic Demand Contribution +0.5 Pct Point -- Japan Q1 Net Export Contribution +0.4 Pct Point -- Japan Q1 Consumption +0.9% Q/Q, +0.6 Point Contribution -- Japan Q1 Capex -0.7% Q/Q, -0.1 Point Contribution -- Japan Q1 Private Inventory Contribution -0.2 Point -- Japan Q1 Public Investment +0.8% Q/Q, No Contribution -- Japan Q4 Real GDP Revised To +0.3% Q/Q From +0.0% -- Japan Q4 Real GDP Revised To +1.0% Annualized From +0.2% -- Japan FY12 Real GDP +1.2% Vs FY11 +0.2%, 3rd Straight Rise
Top Economic Policy Stories Worldwide Wednesday May 15
Wed, 15 May 2013 16:00
Markets
Canada Preview: Energy Prices to Weaken Infl Further in April
Wed, 15 May 2013 14:30
OTTAWA (MNI) - Inflation remains broadly contained in the Canadian economy, and Statistics Canada's April Consumer Price Index report due Friday is expected to report further softening in prices following a drop in headline inflation to 1.0% in March.
Reality Check: EMU Ports See Continued Trade Weakness
Wed, 15 May 2013 11:07
FRANKFURT (MNI) - Empty containers and a decline in outgoing port traffic suggest Eurozone trade remained weak in the first quarter of this year, although overall volumes likely declined less than at the end of last year, according to European ports data.
Atlanta Fed Biz Survey: May Infl Expectations Essentially Unch
Wed, 15 May 2013 09:00
--Sales Levels, Profit Margins Improve Compared to April
US MBA Text: Refis -8.0%; Mkt Composite -7.3% May 10 Wk
Wed, 15 May 2013 06:00
WASHINGTON (MNI) - The following is the Mortgage Bankers Association summary of its weekly survey of mortgage applications, published Wednesday:
Update BOE King: Policy Balancing Act; Recession If Rate Hike
Wed, 15 May 2013 05:12
By David Robinson and William Wilkes
Analysis: EMU 1Q GDP Pulled Down By Declines In Most Countries
Wed, 15 May 2013 04:01
1Q GDP flash: -0.2% q/q, -1.0% y/y
Analysis: France April HICP Inflation Hits 3 1/2-Year Low
Wed, 15 May 2013 02:26
April HICP: -0.1% m/m, +0.8% y/y April nsa CPI: -0.1% m/m, +0.7% y/y April sa core: -0.3% m/m, +0.4% y/y
RPT: Australia Q1 Wage Price Index Eases, Pvt, Public Wages Dn
Wed, 15 May 2013 00:39
-Private Wages Q/Q Rise Lowest In Four Years
Australia Q1 Wage Price Index Softens As Pvt, Public Wage Fall
Tue, 14 May 2013 21:06
-Private Wages Q/Q Rise Lowest In Four Years
Tuesday's Top Stories in the United States
Tue, 14 May 2013 16:41
* U.S. stocks closed higher for the 18th straight Tuesday in a row in the case of the Dow Jones industrials which finished up 123.57 or 0.82 at a record 15,214.8 and the Nasdaq Composite rose 23.818 or 0.69% to finish at 3,462.60, its highest since late 2000. And the S&P 500 closed up 16.57 at a record 1,650.39. At the close, the DJIA was up 15.2%, the Nasdaq Composite up 13.9% and the S&P 500 up 14.6% for the year.
REPEAT: Australia Budget: Delayed Return To Surplus, AUD Bites
Tue, 14 May 2013 16:00
-CPI For Fiscal Year Starting July 1 Seen At 2.25%, GDP At 2.75%
India CBank Gov: Monetary Policy Will Reflect Softer Inflation
Tue, 14 May 2013 12:29
FRANKFURT (MNI) - The Reserve Bank of India will take recent inflation declines into consideration when setting interest rates, RBI Governor Duvvuri Subbarao said Tuesday.
NY Fed:Deleveraging Pace Picks Up After Temporary Deceleration
Tue, 14 May 2013 10:00
-Consumer Debt Outstanding Down $110 Billion In Q1 To $11.23 Trillion
US NFIB Survey: April Optimism Index Up 2.6 to 92.1 - Text
Tue, 14 May 2013 06:30
WASHINGTON (MNI) - The following is the text of the National Federation of Independent Business' monthly Small Business Optimism index published Tuesday:
Australia Budget: Delayed Return To Surplus As High AUD Bites
Tue, 14 May 2013 05:44
-CPI For Fiscal Year Starting July 1 Seen At 2.25%, GDP At 2.75%
Analysis: EMU Ind Output Above Expected In March; 1Q +0.2% Q/Q
Tue, 14 May 2013 04:04
March preliminary: +1.0% m/m, -1.7% y/y
IEA: Non-OPEC Oil Supply To Keep Pace With Demand Through 2018
Tue, 14 May 2013 03:00
PARIS (MNI) - Over the next six years, the supply of oil from non-OPEC producers should grow by nearly 6 million barrels per day (mb/d), all but keeping pace with the projected rise in global demand, the International Energy Agency predicted Tuesday.
Analysis: Germany April HICP 1.1% Y/Y;Prices Fall After Easter
Tue, 14 May 2013 01:09
Final HICP
ANALYSIS: China Data Don't Show Xi's Campaign Has Slowed Sales
Mon, 13 May 2013 23:27
-Anti-Corruption Drive Impact On Retail Sales Misses Broader Trends
RICS: UK House Price Balance Positive; 1st Time Since Mid-2010
Mon, 13 May 2013 18:01
-RICS UK April House Price Balance 1 Vs -2 March
Monday's Top Stories in the United States
Mon, 13 May 2013 16:08
* President Barack Obama Monday backed the United Kingdom's push to renegotiate its ties with the European Union, saying it made sense to try and fix "what's broken" in such a very important relationship before choosing to end it. Speaking at a joint-news conference following a meeting in Washington, UK Prime Minister David Cameron voiced his support for a rapid start to trade talks between the EU and the United States, stressing the key role it would play in achieving a sustainable global economic recovery.
RPT: Australia NAB: April Conditions A Tad Up, Confidence Down
Mon, 13 May 2013 06:07
-NAB Expects RBA Cut In Nov But Says Possible Earlier, More Cuts
RPT: Australia Mar Housing Finance Highest M/M Gain In 4 Yrs
Mon, 13 May 2013 00:34
-Boosted By House Price Rise On RBA Cash Rate Cuts
Australia Mar Housing Finance Posts Highest M/M Gain In 4 Yrs
Sun, 12 May 2013 21:07
-Boosted By House Price Rise On RBA Cash Rate Cuts
Australia NAB: April Conditions A Tad Up, But Confidence Down
Sun, 12 May 2013 20:30
-NAB Expects RBA Cut In Nov But Says Possible Earlier, More Cuts
US Tsy Official: Japan Shows Evidence On Strategy's Dom Focus
Sun, 12 May 2013 17:30
-Strengthening Demand In Euro Zone A Focus Of G7
Analysis: Japan Sells G7 On BOJ Strategy Domestic Focus
Sat, 11 May 2013 10:30
-Group Repeats Strong Pledge Against FX Targets -G7 Takes Stock Of Past Policy Moves Rather Than Demanding More -ECB's Draghi Says G7 Central Banks Have Already Done A Lot
US Tsy Official: Japan Shows Evidence On Strategy's Dom Focus
Sat, 11 May 2013 09:18
-Strengthening Demand In Euro Zone A Focus Of G7
Friday's Top Stories in the United States
Fri, 10 May 2013 15:45
* The week ahead will feature retail sales, inflation and housing data. Retail sales posted a disappointing March report, notably for its downward revisions to the rest of the first quarter that also suggested a larger drag on spending from the increase in payroll taxes. The April report, to be released Monday at 8:30 a.m. ET, is one of the first major pieces of data for what is expected to be a lackluster second quarter, with forecasts predicting a drop in headline spending. Inflation data over the week includes the April import price index Tuesday at 8:30 a.m. ET, the April Producer Price Index Wednesday at 8:30 a.m. ET and the April Consumer Price Index Thursday at 8:30 a.m. ET. The week's data is expected to show continued declines in headline figures, again due to soft energy prices. Housing data include the National Association of Home Builders' May housing market index Tuesday at 10:00 a.m. ET and April housing starts Thursday at 8:30 a.m. ET. April housing starts broke an annual pace of one million for the first time in the recovery, fueling what is turning into a genuine resurgence in the market.
Philly Fed's Q2 Outlk Survey:More Small Jobs/Infl Improvements
Fri, 10 May 2013 09:51
--Sees '13 Unemployment Averaging 7.6%; For 2014 7.1%
Bernanke: Crisis Legacy - Econ Not Fully Regained Jobs Lost
Fri, 10 May 2013 08:58
--Fed Watching For Excessive Risk-taking In Reach For Yield --Cites Vulnerabilities in Money Market Funds, Tri-Party Repos
OPEC Sees Demand For Its Crude Declining 400K B/D This Year
Fri, 10 May 2013 05:35
PARIS (MNI) - The Organization of the Petroleum Exporting Countries on Friday revised up slightly its projection for average demand for its crude oil this year to 29.8 million barrels per day (mb/d) from 29.7 mb/d, which would still amount to a decline of 400,000 b/d compared to last year.
Week Ahead/US: Retail Sales, Inflation Data, Housing
Fri, 10 May 2013 00:25
WASHINGTON (MNI) - The week ahead will feature retail sales, inflation and housing data.
RBA Cuts Inflation Forecast, Keeps GDP, Says Outlook Uncertain
Thu, 09 May 2013 20:44
-High AUD, Mining Peak, Fiscal Consolidation Remain Risks
Thursday's Top Stories in the United States
Thu, 09 May 2013 15:52
* The United States can be expected to keep some pressure on Japan to avoid continued depreciation of its currency, but it is unlikely to escalate that pressure unless that country makes more overt efforts to weaken the yen. The U.S. Treasury is unlikely, for example, to go so far as to label Japan a currency "manipulator" in its semi-annual Report to Congress on International Economic and Exchange Rate Policies. There is a recognition that at least some yen depreciation is an inevitable by-product of the Bank of Japan's more expansionary monetary policies, which are officially designed to help the Japanese economy grow faster and break free of its long-running deflation quagmire. Should the BOJ's more aggressive "quantitative easing" work, it is believed, or at least hoped, that the benefits for the global economy - and the U.S. economy - will exceed any adverse impact on U.S. exports.
Insight: U.S. Not Apt to Escalate Pressure on Japan Re Yen
Thu, 09 May 2013 13:47
--Hope Is Economic Stimulus From BOJ Easing Outweighs Weaker Yen Impact
Fed's Evans: FOMC To Tweak QE3 Pace Based On Needs Of Economy
Thu, 09 May 2013 10:41
-When Times Comes Fed Could Stop Asset Buys Or Taper Flow
Freddie Mac Text: Mtg Survey: 30Y Fixed Avg 3.42% May 9 Week
Thu, 09 May 2013 09:00
WASHINGTON (MNI) - The following is the text of the latest Freddie Mac Primary Mortgage Market Survey released Thursday:
Canadian Net Direct Investment Asset Position Improved In 2012
Thu, 09 May 2013 07:50
Ottawa (MNI) - Canada's net direct investment asset position rose to C$77.7 billion in 2012 from C$75.3 billion in 2011 with Canadian direct investment abroad rising 5.5% (or C$37 billion) to C$711.6 , while foreign direct investment in Canada expanded by 5.8% (or C$34.6 billion) to C$633.9 billion, Statistics Canada reported Thursday.
Canada Preview: April Gains Likely To Reverse Q1 Loss Trend
Thu, 09 May 2013 07:15
OTTAWA (MNI) - Statistics Canada's April jobs report due Friday may offer some solace, following a miserable March that saw the economy shed 55,000 jobs, offsetting the 51,000 gained in February.
REPEAT: Australia Apr Employed Up Sharply, Unemp Rate Down
Thu, 09 May 2013 06:12
-Employment-To-Population Rate Rises To 61.7%
ECB: Forecasters Cut Eurozone Inflation And Growth Outlook
Thu, 09 May 2013 03:21
FRANKFURT (MNI) - Professional forecasters have revised down further their outlook for Eurozone inflation, reflecting prospects for a contraction in economic activity this year and a weaker recovery than they expected in January, according to the European Central Bank's quarterly survey released Thursday.
REPEAT: Australia Apr Employed Up Sharply, Unemp Rate Down
Thu, 09 May 2013 01:33
-Employment-To-Population Rate Rises To 61.7%
US RealtyTrac: Foreclosure Activity Falls To 6-Year Low In Apr
Wed, 08 May 2013 23:01
WASHINGTON (MNI) - The following is an excerpt from the text of the RealtyTrac's April U.S. Foreclosure Market Report published Thursday:
Japan Apr Foreign Reserves Post 1st M/M Rise in 7 Months
Wed, 08 May 2013 19:02
TOKYO (MNI) - Japan's foreign reserve rose to $1.2580 trillion at the end of April from $1.2544 trillion at end-March for the first month-on-month rise in seven months as higher U.S. Treasury prices offset lower gold prices, Ministry of Finance data showed Thursday.
S&P: Canada Oil & Gas Sector To Limit Economic Growth In 2013
Wed, 08 May 2013 15:34
OTTAWA (MNI) - Pricing differentials along with moderating production capacity is expected to soften output at Canadian oil and gas industries, making it poised to "lag broader GDP growth," rating agency Standard and Poor's said in a report Wednesday.
Run-up In Stocks Has Analysts Wondering If They Are Overpriced
Wed, 08 May 2013 13:50
WASHINGTON (MNI) - The equities markets have been on a tear since last week's meeting of the Federal Open Market Committee, and now analysts are beginning to wonder if stocks are overpriced.
Update: Mersch: Rate Cuts Less Effective As Get Closer To Zero
Wed, 08 May 2013 09:14
- Clarifies Story From 0908 ET: Mersch Skeptical of Exit from ABS Purchase - Updates Main Wire Story With Additional Comments
CMHC: Canada April Housing Starts Decline in April
Wed, 08 May 2013 08:08
--Agency Says Moderating Trend Continues
Norges Bank Leaves Key Rate Unchanged At 1.5%
Wed, 08 May 2013 07:18
BRUSSELS (MNI) - Norway's central bank left its key policy rate unchanged at 1.5% on Wednesday, seeking a balance between low interest rates abroad and low inflation at home, on the one hand, and rising domestic home prices and household debt levels on the other.
REPEAT: China Export Growth Could Fall On Hot Money Clean Up
Wed, 08 May 2013 06:33
BEIJING (MNI) - Another surprisingly strong monthly Chinese trade report was effectively written off Wednesday because of alleged distortions created by speculative capital inflows.
Latvia Accession Risks Raised by Cyprus Bailout - Fitch
Wed, 08 May 2013 05:56
LONDON (MNI) - Latvia faces greater risks in its efforts to join the single currency next year, according to a report published Wednesday by Fitch Ratings, as the fallout from the rescue of Cyprus spreads around the periphery of the European Union.
Analysis: Germany's Industry Output Well Above Expectations
Wed, 08 May 2013 05:00
Seasonally adjusted monthly changes, workday-adjusted annual changes:
ANALYSIS: China Export Growth Could Fall On Hot Money Clean Up
Wed, 08 May 2013 00:46
BEIJING (MNI) - Another surprisingly strong monthly Chinese trade report was effectively written off Wednesday because of alleged distortions created by speculative capital inflows.
REPEAT: RBNZ Tightens Home Loan Risk Norms; NZD "Overvalued"
Wed, 08 May 2013 00:06
-Move Aims To Increase Capital Held By Banks
MNI Survey: Japan Q1 GDP Seen +2.8%, Highest Growth in A Year
Tue, 07 May 2013 20:26
TOKYO (MNI) - Japan's gross domestic product for January-March is expected to have posted a second straight growth on quarter in January-March, up a real 0.7% q/q, or an annualized +2.8%, thanks to solid personal consumption and net exports, according to the median forecast by 20 economists polled by MNI.
UPDATE 1: RBNZ Tightens Home Loan Risk Norms; NZD "Overvalued"
Tue, 07 May 2013 18:42
-Move Aims To Increase Capital Held By Banks
Tuesday's Top Stories in the United States
Tue, 07 May 2013 17:29
* Both the Dow, with a close above 15,000, and the S&P set new records at the close Tuesday. The Dow Jones Industrial Average closed up 87 points or 0.58% at 15,056.20, the Nasdaq Composite up 4 points or 0.11% at 3,396.63 and the S&P 500 closed up 8 points or 0.52% at 1625.96. At the close, the DJIA was up 14.9% for the year, the Nasdaq Composite up 12.5% and the S&P 500 up 14%.
Fannie: US Consumers Buying Into Housing Recovery Narrative
Tue, 07 May 2013 08:58
WASHINGTON (MNI) - U.S. consumers are buying into the housing recovery and the percentage of Americans who believe home prices will increase over the next year rose 3 percentage points to 51% in April, a survey conducted by Fannie Mae said Tuesday.
US ICSC-GS Text: Sales Improve as Weather Moderates Mar 16 Wk
Tue, 07 May 2013 06:45
WASHINGTON (MNI) - The following are the commentaries from the International Council of Shopping Centers-Goldman Sachs weekly survey of comparable chain-store sales, published Tuesday:
REPEAT: Australia Mar Trade Bal Posts First Surplus In 15 Mos
Tue, 07 May 2013 06:11
-Trade, Retail Together Could Poses Upside Risk To Q1 GDP
Analysis: Germany's Mfg Orders Rise For Second Month; 1Q +0.4%
Tue, 07 May 2013 05:01
Seasonally and calendar-adjusted data:
Analysis: France's Trade Deficit Narrows As Airbus Sales Sore
Tue, 07 May 2013 02:21
Seasonally adjusted data:
RPT: Australia Construction Index In Contraction 35 Months
Tue, 07 May 2013 00:11
-Houses, Engineering Sub-Sector Ease Further
UPDATE: Australia Mar Trade Bal Posts First Surplus In 15 Mos
Mon, 06 May 2013 21:59
-Trade, Retail Together Could Poses Upside Risk To Q1 GDP
BRC Apr Shop Price Index Shows Lowest Inflation Since Nov 2009
Mon, 06 May 2013 18:01
-BRC Apr Shop Price Index Down 0.8% m/m; Up 0.4% y/y
Monday's Top Stories in the United States
Mon, 06 May 2013 15:33
* Increased competition for business customers has led U.S. banks to make it easier for firms to borrow money, according to the Federal Reserve's quarterly senior loan officers survey released Monday. The Fed's April survey also found increased business demand for credit. Household lending results were "more mixed," the Fed said. While "a few domestic banks" eased standards on prime residential mortgages and stronger demand, there was relatively little easing for other kinds of consumer loans. The survey of 68 domestic banks and 21 foreign bank affiliates found that competition from foreign banks has lessened and that standards for loans to European banks was "basically unchanged." The anecdotal findings seem consistent with the Fed's most recent bank credit statistics, which show some recovery of lending activity from the negative levels reached in the aftermath of the financial crisis, with most of the lending concentrated in the commercial and industrial loans.
Mersch: ECB To Do All It Needs To For Euro To Have Long Life
Mon, 06 May 2013 11:00
LUXEMBOURG (MNI) - The European Central Bank will do whatever it takes to ensure that the common currency enjoys a long life, ECB Executive Board member Yves Mersch said Monday.
MNI US Capital Goods Indicator 41.3 Thru May 3 Vs 40.9
Mon, 06 May 2013 08:30
NEW YORK (MNI) - MNI's U.S. capital goods indicator edged four tenths higher in the May 3 period to a 41.3 level that remains well below 50 to indicate significant contraction in year-on-year business activity, according to the results of MNI's weekly survey released Monday.
Canada March Bldg Permits +8.6% vs Feb, Non-Res +19% -StatCan
Mon, 06 May 2013 07:50
--Non-Residential Permits Up 1.7%
RPT: ANALYSTS: Most See RBA Cash Rate Stable For May, June Cut
Mon, 06 May 2013 06:11
-RBA Easing Bias Seen Getting Stronger
Analysis: EMU Retail Sales Slipped Again In March;1Q +0.3% Q/Q
Mon, 06 May 2013 04:00
Real, seasonally adjusted retail sales:
ANALYSTS: Most See RBA Cash Rate Stable For May, June Cut
Mon, 06 May 2013 01:09
-RBA Easing Bias Seen Getting Stronger
RPT: Australia TD-MI April Inflation Up; Y/Y In RBA Lower Band
Mon, 06 May 2013 00:33
-Direction Of Price Change Net Up +15 Vs +5 In Mar
Australia ANZ April Job Ads Fall, Trend Weakening
Sun, 05 May 2013 20:30
-Most Encouraging Signs is Improvement In NSW
RBA WATCH: Treasury Growth Downgrade, Cut Expectations, AUD
Sun, 05 May 2013 19:12
SYDNEY (MNI) - RBA Watch provides a state of play on policies and economic trends that play a role in Reserve Bank of Australia thinking on the economy and cash rate decisions as well as factors that may be highlighted in the May 10 release of the quarterly Statement of Monetary Policy.
Friday's Top Stories in the United States
Fri, 03 May 2013 15:57
* The week ahead will be very light on data, but speeches by Federal Reserve officials will start back up toward the end of the week after the "blackout period" ends and will include a speech by Federal Reserve Chairman Ben Bernanke. Bernanke will speak at the Conference on Bank Structure and Competition in Chicago Friday at 9:30 a.m. ET. The conference will cover topics related to financial regulation, and will also feature speeches from Edward DeMarco, acting director of the Federal Housing Finance Agency, and Thomas Curry, comptroller of the currency. Initial jobless claims, to be released Thursday at 8:30 a.m. ET, may be the notable data release, as claims hit a five-year low of 325,000 in the last report, suggesting that even as hiring remains modest firms have at least reduced layoffs. March JOLTs job openings will also be released Tuesday at 10:00 a.m. ET. Other data to be released over the week include the May IBD/TIPP economic optimism index Tuesday at 9:00 a.m. ET, March consumer credit Tuesday at 3:00 p.m. ET, March wholesale inventories Thursday at 10:00 a.m. ET, and the Mortgage Bankers Association's mortgage applications index Wednesday at 7:00 a.m. ET.
UPDATE: US Labor Dept Barely Able to Issue Payrolls Report
Fri, 03 May 2013 14:49
--Updating 14:58 ET Story, Adding DC Fire Department Statement --Labor Department Says 'Business as Usual'
UPDATE: US Labor Dept Barely Able to Issue Payrolls Report
Fri, 03 May 2013 13:58
--Updating 12:05 ET Story, Adding Labor Department Statement --Labor Department Says 'Business as Usual'
US Labor Department Just Barely Able to Issue Payrolls Report
Fri, 03 May 2013 11:05
WASHINGTON (MNI) - Reporters on their way to the Labor Department headquarters building below Capitol Hill early Friday morning to report on April jobs were surprised to get emails on their smartphones saying the building's doors were locked for the day because of a fire overnight.
Analysts: Payrolls a Relief, But Show Structural Weakness
Fri, 03 May 2013 10:17
WASHINGTON (MNI) - The April payrolls report beat expectations, dispelling fears of a "spring swoon," but that's about it, analysts said Friday.
White House: Jobs Report Further Evidence Econ Cont To Recover
Fri, 03 May 2013 08:42
WASHINGTON (MNI) - The White House's chief economist Friday said the April jobs report offers additional proof that the U.S. economy continues to recover, but stressed the need for policies to accelerate the pace of job growth.
RPT: India RBI Cuts Repo Rate, Says Little Room For More
Fri, 03 May 2013 06:02
-Warns Current Acct Deficit Risks Could Force Policy Reversal
ECB Coeure: Sound Fin Sector Needed For Exit Of Crisis Policy
Fri, 03 May 2013 05:24
PARIS (MNI) - Europe's financial sector must be "sound" before the European Central Bank can consider exiting from its non-standard monetary policy measures, ECB Executive Board member Benoit Coeure said Friday.
EU Comm Cuts Germany's GDP Forecast But Recovery On Horizon
Fri, 03 May 2013 04:00
FRANKFURT (MNI) - Germany's weak start to the year led the European Commission Friday to trim its forecast for 2013 GDP growth by 0.1 point to +0.4%, but it still expects the Eurozone's largest economy to recover over the course of the year.
India RBI Cuts Repo Rate, Says Little Room For More
Fri, 03 May 2013 01:10
-Warns Current Acct Deficit Risks Could Force Policy Reversal
Australia Apr Services Indx Reverses From Near-Expansion Level
Thu, 02 May 2013 18:30
-Transport/Storage Sub-Sectors Worst Due To Mfg, Construction
Thursday's Top Stories in the United States
Thu, 02 May 2013 15:45
* Amid growing concerns that Chinese growth is losing momentum, Goldman Sachs CEO Lloyd Blankfein said Thursday there is a lack of visibility in the short term, leading him to closely watch the firm's investments in that country. As a risk manager, Goldman Sachs is "trying to keep a level of risk in that country that we think we can support under even dire circumstances," he said during an Investment Company Institute conference. In the longer term, however, this could very well be China's century, just as the 20th century was America's, he said. Blankfein also gave his assessment of the U.S., where he believes the recovery is "established" despite remaining risks.
Bank of Canada Statement on Selecting Stephen Poloz as New Gov
Thu, 02 May 2013 15:12
OTTAWA (MNI) - The Bank of Canada released the following statement Thursday on the selection of Stephen Poloz to replace Mark Carney as the new BOC governor:
Analysts See Draghi Opening Door For Further Rate Cut
Thu, 02 May 2013 12:08
PARIS (MNI) - ECB watchers agree that ECB President Mario Draghi opened several doors to future policy action Thursday in the direction of even lower interest rates, including a negative deposit rate, but also in promoting asset purchases via the European Investment Bank in order to boost lending to small business.
US NFIB: Seeing A Bit More Enthusiasm In Hiring Plans
Thu, 02 May 2013 09:18
WASHINGTON (MNI) - The following is the text of a statement by the National Federation of Independent Business Chief Economist William Dunkelberg Thursday:
Update:Draghi: Rate Cut More Effective Now Than Few Months Ago
Thu, 02 May 2013 08:37
- Adds Comments On Governing Council Consensus For Cut
Canada March Trade Surplus C$24 Mln vs Feb -C$1.2 Bln)
Thu, 02 May 2013 07:30
--Mar Exports +5.1%, Imports +1.7%; Surplus With U.S. Grows --Exports And Imports Of Energy & Motor Vehicles Hold Strength
ECB Cuts Refi Rate 0.25 Bps To 0.50%, As Expected
Thu, 02 May 2013 06:48
--Focus Turns To Draghi's Press Conference Starting at 12:30 GMT
RPT: HSBC China April PMI Weakens, Export Orders, Jobs Drop
Thu, 02 May 2013 06:08
BEIJING (MNI) - Data from HSBC/Markit released Thursday:
S&P Assigns A- To Slovenia 5- And 10-Year Dollar Bonds
Thu, 02 May 2013 05:28
-S&P: Sov Ratings Reflect Expected Further Fiscal, Bank Progress -S&P Warns On Risks To Slov Reform Progress -Doesn't See Slovenia Resorting To ESM
Moody's: UK FLS Extension Cred Positive For Partaking Banks
Thu, 02 May 2013 04:13
-Sees Scheme Extension Bolstering Bank Profits
RPT: HSBC China April PMI Weakens, Export Orders, Jobs Drop
Thu, 02 May 2013 00:32
BEIJING (MNI) - Data from HSBC/Markit released Thursday:
HSBC China April PMI Weakens As Export Orders, Employment Drop
Wed, 01 May 2013 21:13
BEIJING (MNI) - Data from HSBC/Markit released Thursday:
Update: BOJ Apr 3-4 Min: Many: Need To Review Policy Framework
Wed, 01 May 2013 19:49
-- Adds Details from 10th Paragraph
BOJ Apr 3-4 Minutes: Many: Need To Review Policy Framework
Wed, 01 May 2013 19:14
TOKYO (MNI) - Many of the Bank of Japan's nine board members agreed that the BOJ needed to change the central bank policy framework in order to hit its new 2% price stability target in about two years, the minutes of their April 3-4 meeting released Thursday showed.
BOC Gov Carney: Central Banks' Credibility Being Questioned
Wed, 01 May 2013 16:50
--Says Central Banmks Consiered Ineffective Or Too Strong --Central Banks'Credibility Rests On Clarity Of Goals/Practices
Wednesday's Top Stories in the United States
Wed, 01 May 2013 15:55
* There is no change in U.S. monetary policy, at least for now, but Federal Reserve policymakers gave themselves more explicit flexibility to make changes - in either direction - at the close of their third meeting of the year Wednesday. In wake of a series of disappointing economic reports, the Fed's rate-setting Federal Open Market Committee sent a clear signal that it is prepared to expand its large-scale asset purchases if the expansion falters further and/or if disinflation becomes more worrisome. After announcing the continuation of $85 billion in monthly bond purchases, the FOMC declared it is "prepared to increase or reduce the pace of its purchases to maintain appropriate policy accommodation as the outlook for the labor market or inflation changes."
Summary of Select April US Auto Sales Figures Reported May 1
Wed, 01 May 2013 14:45
WASHINGTON (MNI) - The following is a summary of the April U.S. sales performance of select auto manufacturers announced Wednesday:
Summary of Select US April Auto Sales Figures Reported May 1
Wed, 01 May 2013 12:14
WASHINGTON (MNI) - The following is an initial summary of the April U.S. sales performance of select auto manufacturers announced Wednesday:
US ISM's Holcomb: Buyers Wait On Prices, Drive Down Inventory
Wed, 01 May 2013 11:23
--Low Inventories Point to Future Rebuilding
Canada Data Preview: Modest Narrowing of March Trade Gap Seen
Wed, 01 May 2013 09:57
OTTAWA (MNI) - The trade deficit is expected to have narrowed marginally in March, largely driven by firming commodity prices, as exports are seen rebounding from February's 0.6% slump, helped primarily by a rebound in oil prices, analysts say.
US Tsy Text: May 2013 Quarterly Refunding Statement
Wed, 01 May 2013 08:12
WASHINGTON (MNI) - The following is the text of Treasury Assistant Secretary for Financial Markets Matthew Rutherford's May 2013 Quarterly refunding statement, published Wednesday:
US MBA Text: Refis +3.0% SA; Mkt Composite +1.8% Apr 26 Wk
Wed, 01 May 2013 06:00
--HARP Share of Refis Up to 34%, Most Since Series Began Feb 2012
NS: Raises Doubts Over Whether UK Had Double-Dip Recession
Wed, 01 May 2013 04:17
-Double Dip "Within The Statistical Margin of Error"
RPT: Australia April Mfg Contracts To Lowest Since May 2009
Wed, 01 May 2013 00:39
-High AUD, Import Competition, High Energy Costs Weigh
