A closely watched measure of U.K. economic activity surged to the highest since 2018 in January, undercutting the case for a Bank of England interest-rate cut next week. IHS Markit's flash index for output across the whole economy jumped to 52.4 as firms cited reduced political uncertainty in the wake of Boris Johnson's decisive election victory. That's up from 49.3 last month and above levels most economists said would be enough to stave off a rate cut on Jan. 30. Investors see the Purchasing Managers Indexes as a key factor in the debate over BOE easing this month, providing the most...

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Germany economy took a big step to putting the horrors of 2019 behind it, opening the new year with a pickup in activity and business confidence. IHS Markit's composite Purchasing Managers' Index rose to a five-month high of 51.1 in January, beating forecasts for a reading of 50.5. While manufacturing is still shrinking, the pace of contraction was less severe than economists had...

Australian employment outpaced forecasts for a second month in December pushing the jobless rate to a nine-month low, a much-needed improvement that could forestall a near-term cut in interest rates. The local dollar climbed 0.47% to $0.6874 as the market pared the chance of an easing from the Reserve Bank of Australia (RBA) at its next policy meeting on Feb. 4. Thursdays data showed 28,900...

U.K. consumers stayed away from the stores during the key Christmas trading period, despite widespread discounting and a break in the political impasse over Brexit.  The volume of goods sold in stores and online fell 0.6% in December, confounding expectations of a 0.6% increase. Sales excluding auto fuel dropped 0.8%.  The figures, which include Black Friday and Cyber Monday, will...

Chinas economy stabilized last quarter after slowing to the slowest pace in almost three decades, as rising demand and easing trade tensions supported sentiment. Gross domestic product rose 6% in the final quarter of 2019 from a year earlier, the same as in the previous three-month period and the median estimate. The worlds second-largest...

U.S. retail sales strengthened in December,thanks to a late holiday-shopping rush that wrapped up a more-moderate year of spending at the nations merchants. The value of receipts at retailers rose 0.3%, matching the prior months revised gain, and climbed 5.8% from December 2018, Commerce Department figures showed Thursday. Stronger sales occurred in all major categories except...

U.K. inflation unexpectedly slowed to a three-year low in December, clearing the path to a potential Bank of England interest-rate cut this month. Consumer prices rose 1.3% from a year earlier, the least since November 2016, the Office for National Statistics said Wednesday. The core inflation rate posted a surprise fall to 1.4%. The shock readings will fuel speculation about an imminent rate...

A gauge of underlying U.S. inflation rose less than forecast in December, restrained in part by a deceleration in shelter costs and underscoring the Federal Reserves view that price pressures are muted. The core consumer price index, which excludes volatile food and energy costs, increased 0.1% in December from the prior month, the smallest advance in three months, a Labor...

The U.S. generated 145,000 new jobs in December to push employment growth above 2 million for the ninth straight year. The increase in new jobs fell short of the 165,000 MarketWatch forecast. The unemployment rate was unchanged at 3.5%, which is a 50-year low. An alternative measure of joblessness known as the U6 rate fell to 6.7% to mark the lowest level since the government began keeping...

ASIA
China's Factory Outlook Improves More than Expected in September
Monday, 30 September 2019 09:02 WIB A report on the health of China™s manufacturing sector improved in September, although it was still below the line indicating contraction. The...
UNITED STATES
U.S. Trade Deficit Narrows as Exports, Imports Both Plummet
Thursday, 6 June 2019 19:54 WIB The U.S. trade deficit narrowed in April as both exports and imports tumbled, highlighting the impact of President Donald Trump™s tariffs...
EUROPE
German Services Hold Up Output as Manufacturers Struggle
Friday, 21 June 2019 14:53 WIB Output from Germany's private sector remained unchanged in June, as a decline in manufacturing was offset by continued growth in services. A flash...
GLOBAL ECONOMY
First Phase of US-China Trade Deal Announced
Monday, 16 December 2019 09:09 WIB A trade deal between the United States and China, separately announced Friday by both countries, will be such a boon for American farmers they will...

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