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News

Unemployment Claims decreased to 221,000

In the week ending February 3, the advance figure for seasonally adjusted initial claims was 221,000, a decrease of 9,000 from the previous week's unrevised level of 230,000. The 4-week moving average was 224,500, a decrease of 10,000 from the…

BoE indicates rate hike sooner than later

The Bank of England said on Thursday interest rates probably need to rise sooner and by a bit more than it thought only three months ago, because Britain's slow-moving economy is getting a boost from the global recovery. The BoE's…

German Trade Balance showed surplus of 244.9 billion euros

Germany exported goods to the value of 1,279.4 billion euros and imported goods to the value of 1,034.6 billion euros in 2017. Based on provisional data, the Federal Statistical Office (Destatis) also reports that German exports increased by 6.3% and…

NAB Quarterly Business Confidence

The headline conditions and confidence numbers were broadly consistent with what we have seen in the Monthly iteration of the Survey, although the bounce in the month of December is yet to be reflected in the quarterly data. The business…

EIA reports a second-straight weekly rise in U.S. crude supplies

Oil prices turned lower Wednesday after the U.S. Energy Information Administration reported that domestic crude supplies rose 1.9 million barrels for the week ended Feb. 2. Analysts surveyed by S&P Global Platts had forecast a climb of 2.8 million barrels,…

UK house prices growth slowed to 2.2%

Annual house price rises have slowed from 2.7% in December to 2.2% in January - the lowest rate since July last year. We've seen a monthly decline as well as the quarterly rate of growth flattening out. Although employment levels grew by…

German Industrial Production down by 0.6%

In December 2017, production in industry was down by 0.6% from the previous month on a price, seasonally and working day adjusted basis according to provisional data of the Federal Statistical Office (Destatis). In November 2017, the corrected figure shows…

Aussie in a bearish momentum

There were no dana releases from Australia yesterday. The Australian dollar posted an incredible rally of 8.5% against its US counterpart during early December and late January, fully reversing the September-December downtrend and setting a 2½-year high of $0.8135.

US Trade Balance deficit rose to $53.1 billion

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $53.1 billion in December, up $2.7 billion from $50.4 billion in November, revised. December exports…

German Factory Orders increased by 3.8%

Based on provisional data, the Federal Statistical Office (Destatis) reports that price-adjusted new orders in manufacturing had increased in December 2017 a seasonally and working-day adjusted 3.8% on the previous month. For November 2017, revision of the preliminary outcome resulted…

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