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German CPI expected to decline by 0.7% in January

The inflation rate in Germany as measured by the consumer price index is expected to be 1.6% in January 2018. Based on the results available so far, the Federal Statistical Office (Destatis) also reports that consumer prices are expected to…

Eurozone GDP grew by 0.6% in Q4

Seasonally adjusted GDP rose by 0.6% in both the euro area (EA19) and in the EU28 during the fourth quarter of 2017, compared with the previous quarter, according to a preliminary flash estimate published by Eurostat, the statistical office of…

NAB Business Confidence rose to +11 points

The National Australia Bank (NAB) business confidence index rose 4 points to +11 index points in December; the highest level since July 2017, missing the estimate of +12 index points by a narrow margin. Meanwhile, the business conditions index ticked…

ECB's Praet Urges Stimulus Persistence With Inflation Goal Unmet

European Central Bank chief economist Peter Praet pushed back against the idea that the institution is close to deciding to end its bond-buying program, saying there’s still a way to go before inflation is back on track. Praet said the…

German Import Prices rose by 0.1%

The index of import prices rose by 3.8% on an annual average in 2017 compared with 2016 (2016: –3.1% compared with 2015), as reported by the Federal Statistical Office (Destatis). This was the highest price increase since 2011 (+6.4% compared…

EU denies Britain a say in bloc's affairs while on its way out

The European Union on Monday denied Britain any vote on EU policy issues during its transition out of the bloc and warned London not to fall behind on outstanding divorce matters.  Britain is set to leave the EU in March…

Australia to spend $3.1 billion to increase stake in global arms exports

Australia said in 2016 it would boost defence spending by A$30 billion by 2021, purchasing frigates, armoured personnel carriers, strike fighter jets, drones and a fleet of new submarines - many of which would be built at home. The defence…

USD - Major events in the week ahead

Events that marked the week: On Wednesday Existing Home Sales data was published. Existing home sales declined 3.6 percent to a seasonally adjusted annual rate of 5.57 million units last month amid decreases in all four regions. Unseasonably cold weather…

US GDP missed market forecasts

Real gross domestic product (GDP) increased at an annual rate of 2.6 percent in the fourth quarter of 2017, according to the "advance" estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 3.2 percent.…

Durable Good Orders up by 2.9%

New orders for manufactured durable goods in December increased $7.0 billion or 2.9 percent to $249.4 billion, the U.S. Census Bureau announced today. This increase, up four of the last five months, followed a 1.7 percent November increase. Excluding transportation,…

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