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German Retail Sales increased by 0.5%

According to provisional data turnover in retail trade in September 2017 was in real terms 4.1% and in nominal terms 6.1% larger than that in September 2016. The number of days open for sale was 26 in September 2017 and…

Sydney is leading what looks like a slowdown in the Australian housing market

October was another soft month for Australian house prices, continuing the trend seen in August and September. According to CoreLogic, prices across Australia’s five mainland state capitals were unchanged again last week in average weighted terms, mirroring the result one…

USD - Major events in the week ahead

Events that marked the week: On Wednesday Durable Goods Orders data was published. U.S. orders for business equipment increased more than forecast in September, indicating solid investment momentum as the third quarter drew to a close, Commerce Department figures showed…

U.S. Consumer Sentiment declined to 100.7

Consumer confidence declined slightly in October after clocking record highs earlier this month. The consumer sentiment index, a survey of consumers by The University of Michigan, hit 100.7 in October, slightly below estimates of 100.9, according to economists polled by…

U.S. GDP grew by 3.0% in Q3

Real gross domestic product (GDP) increased at an annual rate of 3.0 percent in the third quarter of 2017, according to the "advance" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 3.1 percent.…

German Import Prices up by 0.9%

As reported by the Federal Statistical Office (Destatis), the index of import prices increased by 3.0% in September 2017 compared with the corresponding month of the preceding year. In August 2017 and in July 2017 the annual rates of change…

Australian PPI increased by 0.2%

Australian PPI rose 0.2% in the September quarter 2017. Increase was mainly due to rises in the prices received for Electricity, gas and water supply (+4.9%), Heavy and civil engineering construction (+0.7%) and Building construction (+0.3%).This waspartly offset by falls…

ECB Tapers Asset Purchase Program to €30 Billion; Holds Rates Steady

After the European Central Bank (ECB) announced its decision to cut its monthly asset purchases (APP) in half, starting in January, and extend them for another 9 months from the initial deadline at the end of this year, the president…

Unemployment Claims increased to 235,000

U.S. filings for unemployment benefits rose last week from the lowest level since 1973, consistent with a steady job market, Labor Department figures showed Thursday. Jobless claims increased by 10k to 233k (est. 235k). Continuing claims fell by 3k to…

CBI realized sales survey showed balance of -36%

Retail sales declined sharply in the year to October, disappointing expectations for a solid expansion, according to the latest monthly CBI Distributive Trades Survey. 15% of retailers said that sales volumes were up in October on a year ago, whilst…

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