A key measure of U.S. consumer prices remained subdued in November, bolstering widespread expectations Federal Reserve policy makers will hold the line on interest rates. The core consumer price index, which excludes volatile food and energy costs, rose 0.2% for a second month, and 2.3% from a year earlier, a Labor Department report showed Wednesday. Those figures matched the median estimates in a Bloomberg survey of economists. The broader CPI increased 0.3%, and 2.1% from November 2018. The contained pace of inflation supports forecasts that the Fed will hold interest...

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RECENT NEWS

The UK GDP second estimate showed that the economy expanded by 0.2% q/q in the fourth quarter of 2018, the same as that seen in the first readout, while matching the consensus forecasts. While on an annualized basis, the UK economys growth rate arrived at 1.4% in Q4, bettering the expectations of 1.3% and up from 1.3% previous reading. Separately, the UK total investment data arrived at...

The economy grew somewhat slower in the final three months of 2018 than it originally appeared, largely because of softer consumer spending and a weaker climate for business investment that's likely to depress growth in the first quarter as well. Gross domestic product, the official scorecard for the economy, expanded at a 2.2% annual pace in the fourth quarter, the government said Thursday....

Consumer confidence fell sharply in March, adding to a recent up-and-down pattern that reflects greater worries about the U.S. economy. The consumer confidence index dropped to 124.1 from 131.4 in February, the Conference Board said Tuesday. Thats the second lowest rate in a year. Economists polled by MarketWatch had forecast a 133 reading. Source: Marketwatch

German manufacturing activity grew at the weakest pace in six years in the month of March, the latest manufacturing activity report from IHS/Markit research showed this Friday. The German manufacturing purchasing managers index (PMI) slipped deeper into contraction territory and arrived at 44.7 versus 48.0 expected and 47.6 previous. Meanwhile, services PMI dropped to a two-month low level of...

The UK retail sales recorded an unexpected growth of 0.4% m/m in February, beating market expectations of -0.4% by a big margin. Meanwhile, while core retail sales stripping the auto motor fuel sales also bettered market expectations and rose 0.2% m/m during the reported month. On an annualized basis, the UK retail sales growth stood at 4.0%, down from 4.2% previous but still better than 3.3%...

Australia's central bank is under increasing pressure to resume interest-rate cuts after a 2-1/2 year hiatus; it has used the strength of the labor market -- strong hiring and low unemployment -- to resist those calls. If employment holds up, then the RBA will retain its room to maneuver. But if it weakens over several months -- the data's volatility suggests one reading would be insufficient --...

The UK Consumer Prices Index (CPI) 12-month rate came in at 1.9% in February, up from Januarys 1.8% and bettering the 1.8% print expected, the UK Office for National Statistics (ONS) reported on Wednesday. Meanwhile, the core inflation gauge (excluding volatile food and energy items) arrived at 1.8% y/y versus 1.9% booked in January while missing the consensus forecast. The monthly figures...

The Office for National Statistics (ONS) showed on Tuesday, the UK's average weekly earnings, excluding bonuses met expectations, arriving at 3.4% 3m y/y versus 3.4% last and 3.4% expected while the gauge including bonuses came in at 3.4% 3m y/y versus 3.4% previous and 3.2% expected. The Kingdoms official jobless rate dropped to 3.9% in January, while the claimant count change showed a...

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
Trump Mengatakan China Akan `Mengurangi dan Mengeluarkan' Tarif Impor Kendaraan
Monday, 3 December 2018 12:08 WIB Presiden AS Donald Trump mengatakan China telah setuju untuk "mengurangi dan menghapus" tarif terhadap mobil-mobil Amerika dari 40 persen saat...

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