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China's official Manufacturing PMI hit a 19-month low

China reported that its official manufacturing Purchasing Managers' Index hit a 19-month low in February with the Lunar New Year holidays contributing to slowing business activities. The country's official manufacturing PMI came in at 50.3 in February, lower than a…

CB Consumer Confidence rose to 130.8

The Conference Board Consumer Confidence Index® increased in February, following a modest increase in January. The Index now stands at 130.8 (1985=100), up from 124.3 in January. The Present Situation Index increased from 154.7 to 162.4, while the Expectations Index…

Durable Goods Orders fell more than forecasted

Orders for business equipment at U.S. factories unexpectedly fell for a second month, a sign that demand is cooling from its hot pace in recent quarters, a Commerce Department report showed Tuesday. Non-military capital goods orders excluding aircraft declined 0.2%…

German CPI expected to increase by 0.5%

The inflation rate in Germany as measured by the consumer price index is expected to be 1.4% in February 2018. Based on the results available so far, the Federal Statistical Office (Destatis) also reports that the consumer prices are expected…

M3 Money Supply unchanged in January

The annual growth rate of the broad monetary aggregate M3 stood at 4.6% in January 2018, unchanged from the previous month, averaging 4.7% in the three months up to January. The components of M3 showed the following developments. The annual…

New Home Sales fell to 593,000

Sales of new single-family houses in January 2018 were at a seasonally adjusted annual rate of 593,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 7.8 percent…

ECB's Draghi Says Patience Needed on Monetary Policy

European Central Bank President Mario Draghi said Monday that the euro area economy is expanding robustly, but inflation is yet to show sustained signs of moving higher so patience with regard to monetary policy is still needed. In a statement…

UK card spending rose by 5.8% in January

Card spending was 5.8 per cent higher than in January 2017, although higher repayment levels meant that the pace of borrowing saw little change, growing at 4.8 per cent annually. Gross mortgage lending in January is estimated to have been…

Gold rebounds from biggest weekly loss this year as dollar slips

Gold rose on Monday as a softer dollar helped the metal rebound from its biggest weekly loss this year, but moves were muted before the debut congressional testimony by Federal Reserve Chair Jerome Powell later this week. Spot gold was…

USD - Major events in the week ahead

Events that marked the week: On Wednesday Exisiting Home Sales figures were released. Total existing-home sales , which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, sank 3.2 percent in January to a seasonally adjusted annual rate…

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