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Global stock markets knocked after weak US data

Global stock markets have lost ground today after worse-than-expected weekly jobless numbers from the US yesterday. Furthermore, Tokyo shares were down as speculation mounted that the Bank of Japan would hold an emergency meeting to discuss the strength...

Published 08-20-2010 9:22 AM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, US, fall, shares, weak, yen, Bank of Japan, jobs data, emergency meeting, Tokyo

US housing starts up, building permits down

The Commerce Department has today revealed US housing starts recovered in July but building permits fell. According to the Commerce Department, construction of new US homes rose 1.7% to a seasonally adjusted annual rate of 546,000 properties – however...

Published 08-17-2010 6:27 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, US, Property News, Government, housing market, deflation, confidence, building permits, housing starts, tax incentive, National Association of Home Builders

Japan’s slow growth pushes China into No.2 spot

Official figures today have revealed Japanese economic growth slowed in the April to June period. The economy expanded by just 0.1% in the three month period – far less than expected by analysts. Meanwhile, on an annual basis, the economy grew by 0.4...

Published 08-16-2010 8:00 AM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, US, Japan, GDP, China, growth, slow, second, largest, overtake, exporter, quarter two

US retail sales and consumer prices up in July

The Commerce Department has today said US retail sales grew by 0.4% in July – boosted by an increase in car sales. The figures were much needed after two months of declines. However, the figures were less than the 0.5% rise analysts had expected...

Published 08-13-2010 2:26 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, US, retail sales, consumer spending, energy, consumer prices, July, expected, weaker

US trade deficit widens in June

The Commerce Department today announced the US trade deficit widened in June to $49.90 billion (£31.8 billion) – the highest level in 20 months and much higher than the $42.2 billion most economists had expected. According to the Commerce Department,...

Published 08-11-2010 6:32 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, US, exports, China, Commerce Department, imports, higher, June, expected, trade deficit, widen

US Fed introduces “QE Lite” to boost economy

The Federal Reserve has elected to keep US interest rates at the historically low level of between 0% and 0.25%, as widely expected. Interest rates in the world’s largest economy have been at the low level since December 2008 and the bank has previously...

Published 08-11-2010 8:16 AM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, quantitative easing, interest rates, Federal Reserve, US, record low, boost, recovery, measures, on hold, policy meeting, QE lite

US Fed expected to keep interest rates at record low today

As uncertainty surrounds the world’s largest economy, investors are awaiting the outcome of the Federal Reserve’s policy meeting today. The US Fed is set to announce its decision on interest rates and other stimulus measures. Interest rates in the...

Published 08-10-2010 2:28 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, quantitative easing, interest rates, Federal Reserve, US, Ben Bernanke, unemployment, housing market, fears, recovery, investors, stimulus measures, monetary policy, await, outcome, double-dip” recession

US unemployment rate holds steady at 9.5%

The Labor Department has revealed the world’s largest economy lost 131,000 jobs last month – again, partly due to the loss of temporary Government jobs, which were recruited to help conduct the 2010 census. The latest figures means the unemployment rate...

Published 08-06-2010 2:21 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, US, Labor Department, unemployment, rate, housing market, job losses, fears, recovery, July, Census, steady

US jobless claims rise unexpectedly

Official figures show that the number of US workers filing new claims for jobless benefits rose unexpectedly last week to a high not seen since April. The figures show that initial jobless claims rose more than 4% to 479,000 in the week ended July 31...

Published 08-05-2010 6:45 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, US, Labor Department, housing market, rise, consumer spending, unexpectedly, double dip, concern, jobless claims

US consumer spending flat in June

According to the Commerce Department, consumer spending in the US remained flat in June. Households in the US continue to be squeezed amid higher unemployment. Consumer spending, which makes up for more than two-thirds of overall economic activity in...

Published 08-03-2010 6:09 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, US, Property News, slowdown, manufacturing, consumer spending, National Association of Realtors, fears, unchanged, June, double dip, flat, Pending Home Sales Index

US manufacturing activity expands for 12th straight month

The Institute for Supply Management’s (ISM’s) purchasing managers index (PMI) today revealed the US manufacturing sector expanded for the 12th month in a row in July. The growth was better than the 54.2 analysts had forecast with the index dipping to...

Published 08-02-2010 6:56 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, euro zone, Economy News, UK, US, manufacturing, China, sector, PMI, purchasing managers' index, activity

Alan Greenspan issues caution for US economic recovery

Alan Greenspan, the former chairman of the US Federal Reserve, has told US television that there is currently a “pause” in the US recovery. Mr Greenspan told NBC’s Meet the Press programme: “We’re in a pause in a recovery...

Published 08-02-2010 9:16 AM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, US, unemployment, housing market, growth, risk, fears, recovery, double dip, Alan Greenspan

World’s largest economy expands by 2.4% in Q2

Official figures have revealed the world’s largest economy experienced annualised growth of 2.4% in the April to June period, according to the US Commerce Department. The figure came in slightly below expectations but it is the first of three estimates...

Published 07-30-2010 2:37 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, US, unemployment, housing market, Commerce Department, expectations, slow, recovery, expand, below, strength, quarter two

China becomes world’s second largest economy

China has surpassed Japan and become the world’s number two economy and could pinch the top spot from the US in the next 15 years. In an interview with China Reform magazine, Yi Gang, China’s chief currency regulator, said: “China, in fact...

Published 07-30-2010 12:35 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, US, Japan, China, growth, strong, exchange rate, second, largest, strong yen, overtake, Yi Gang

More woes for US housing market

The Commerce Department has today revealed a rise in sales of new homes in the US for the month of June. However, the rate of sales was the second slowest since records began in 1963. According to the Commerce Department, new single-family home sales...

Published 07-26-2010 6:48 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, US, Property News, Government, sales, housing market, Commerce Department, National Association of Realtors, new homes, June, second, tax incentive, slowest

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