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News Recap |
Written by CEP News |
Apr 30 09 20:56 GMT |
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(CEP News)
• Chrysler Files for Bankruptcy
• U.S. Weekly Initial Jobless Claims Ease, Continuing Claims Soar
• U.S. Consumer Spending Falls 0.2% in March
• Canadian GDP Falls 0.7% |
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US Economy |
Written by CEP News |
Apr 30 09 20:44 GMT |
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(CEP News) - Chrysler filed for bankruptcy on Thursday after talks to reorganize the company failed. |
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US Economy |
Written by CEP News |
Apr 30 09 20:44 GMT |
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(CEP News) - U.S. M1 money supply fell $16.9 billion, while M2 money supply fell $4.4 billion in the week ending April 30, according to figures released by the Federal Reserve on Thursday. |
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News Recap |
Written by CEP News |
Apr 30 09 15:58 GMT |
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(CEP News)
• U.S. Weekly Initial Jobless Claims Ease, Continuing Claims Soar
• U.S. Consumer Spending Falls 0.2% in March
• Chicago PMI Rises More than Expected
• Canadian GDP Falls 0.7% |
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US Economy |
Written by CEP News |
Apr 30 09 14:33 GMT |
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(CEP News) - Underground U.S. natural gas storage climbed 82 billion cubic feet in the week ending April 25, in line with expectations, while supplies remain at above-average levels. |
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Market Updates |
Written by CEP News |
Apr 30 09 14:29 GMT |
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(CEP News) - A relatively positive outlook from the Fed is helping to boost market sentiment and support global equity markets. |
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US Economy |
Written by CEP News |
Apr 30 09 14:01 GMT |
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(CEP News) - According to the U.S. Institute for Supply Management (ISM), the Milwaukee manufacturing index rose 9 points to 39 in April. |
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US Economy |
Written by CEP News |
Apr 30 09 13:50 GMT |
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(CEP News) - Business activity in the Chicago area climbed more than economists expected in April, with the Chicago Purchasing Managers Index up to 40.1, against expectations of a 35.0 reading. |
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US Economy |
Written by CEP News |
Apr 30 09 13:00 GMT |
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(CEP News) - Total compensation for civilian workers increased 0.3% in the first quarter of 2009, the Department of Labor reported Thursday, less than the 0.5% jump expected. |
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European Economy |
Written by CEP News |
Apr 30 09 12:52 GMT |
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(CEP News) Frankfurt - The labour market in the euro zone deteriorated faster than expected in March, with the jobless reaching highs not seen since 2005, according to Eurostat. |
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Canadian Economy |
Written by CEP News |
Apr 30 09 12:39 GMT |
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(CEP News) - Canada's economy contracted in line with expectations in February, with real gross domestic product (GDP) down 0.1% from January, Statistics Canada reported Thursday. |
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Canadian Economy |
Written by CEP News |
Apr 30 09 12:39 GMT |
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(CEP News) - Canada's economy contracted in line with expectations in February, with real gross domestic product (GDP) down 0.1% from January, Statistics Canada reported Thursday. |
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Canadian Economy |
Written by CEP News |
Apr 30 09 12:36 GMT |
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(CEP News) - Manufacturers' prices rose alongside a sharp jump in raw material prices in March, Statistics Canada reported Thursday. |
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European Economy |
Written by CEP News |
Apr 30 09 12:35 GMT |
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(CEP News) Frankfurt - The euro zone inflation rate remained unchanged at a record low 0.6% in the 12 months to April, according to preliminary estimates out of Eurostat. |
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US Economy |
Written by CEP News |
Apr 30 09 12:33 GMT |
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(CEP News) - Initial claims for unemployment benefits in the U.S. fell in the week of April 25, while continuing claims surged to a new all-time high, the U.S. Department of Labor reported. |
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US Economy |
Written by CEP News |
Apr 30 09 12:31 GMT |
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(CEP News) - U.S. Consumer Spending fell in March as a weak labour market continues to have a negative impact on personal income, the Bureau of Economic Analysis reported on Thursday. |
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European Economy |
Written by CEP News |
Apr 30 09 12:24 GMT |
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(CEP News) Frankfurt - French producer prices continued to weaken in March, according to the National Institute for Statistics and Economic Studies (INSEE). |
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Canadian Economy |
Written by CEP News |
Apr 30 09 12:23 GMT |
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(CEP News) - Canadian GDP is expected to produce weak results again in February, although not as bad as January and December's results. |
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European Economy |
Written by CEP News |
Apr 30 09 12:12 GMT |
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(CEP News) Frankfurt - UK houses prices fell by less than expected in April, returning only some of the gain registered in the period month, the Nationwide Building Society reported on Thursday. |
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European Economy |
Written by CEP News |
Apr 30 09 11:41 GMT |
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(CEP News) Frankfurt - The German labour market continued to deteriorate in April as the economy looks to contract at a record pace this year. |
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US Economy |
Written by CEP News |
Apr 30 09 11:28 GMT |
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(CEP News) - Once again, economists will be watching U.S. initial jobless claims data for signs of stabilization in the labour market. |
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Canadian Economy |
Written by CEP News |
Apr 30 09 11:21 GMT |
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(CEP News) - The U.S. Personal Consumption and Expenditure report, ISM Chicago PMI, jobless claims and Canadian GDP data all figure prominently among the day's most anticipated economic events. |
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US Economy |
Written by CEP News |
Apr 30 09 11:21 GMT |
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(CEP News) - The U.S. Personal Consumption and Expenditure report, ISM Chicago PMI, jobless claims and Canadian GDP data all figure prominently among the day's most anticipated economic events. |
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European Economy |
Written by CEP News |
Apr 30 09 07:28 GMT |
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(CEP News) - The Bank of Japan has revised down its economic growth forecasts for the 2009 fiscal year and projects corporate profits and household consumption to weaken further in the coming quarters. |
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Asian Economy |
Written by CEP News |
Apr 30 09 00:01 GMT |
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(CEP News) - Preliminary Japanese industrial production rose by more than expected in March, marking its first expansion since September 2008. |
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Asian Economy |
Written by CEP News |
Apr 29 09 23:26 GMT |
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(CEP News) - Building approvals in New Zealand fell in March following an increase in February, Statistics New Zealand reported. |
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Asian Economy |
Written by CEP News |
Apr 29 09 23:26 GMT |
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(CEP News) - Manufacturing conditions in Japan improved in April, according to a report from Nomura and the JMMA on Thursday (Wednesday EDT). |
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European Economy |
Written by CEP News |
Apr 29 09 23:16 GMT |
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(CEP News) - Confidence among UK consumers rose for the third straight month in April, according to the latest consumer survey report from the GFK Group. |
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Asian Economy |
Written by CEP News |
Apr 29 09 22:18 GMT |
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(CEP News) - The recent record-breaking declines in Japanese industrial production are expected to moderate in March as export levels stabilize and companies rid themselves of excess inventory. |
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Canadian Economy |
Written by CEP News |
Apr 29 09 21:31 GMT |
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(CEP News) - Canadian GDP data and the U.S. personal consumption and expenditure (PCE) report are set to be released on Thursday. |
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US Economy |
Written by CEP News |
Apr 29 09 21:31 GMT |
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(CEP News) - Canadian GDP data and the U.S. personal consumption and expenditure (PCE) report are set to be released on Thursday. |
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Canadian Economy |
Written by CEP News |
Apr 29 09 21:27 GMT |
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(CEP News) - Economists expect a brief uptick in euro zone inflation in April before price growth resumes its trend downward, while the German labour market likely deteriorated further in the month. |
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US Economy |
Written by CEP News |
Apr 29 09 21:27 GMT |
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(CEP News) - Economists expect a brief uptick in euro zone inflation in April before price growth resumes its trend downward, while the German labour market likely deteriorated further in the month. |
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European Economy |
Written by CEP News |
Apr 29 09 21:27 GMT |
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(CEP News) - Economists expect a brief uptick in euro zone inflation in April before price growth resumes its trend downward, while the German labour market likely deteriorated further in the month. |
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Market Updates |
Written by CEP News |
Apr 29 09 21:23 GMT |
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(CEP News)
• S&P 500 Rises 2.1%
• U.S. Dollar Index Down 1%
• Treasury Yields Rise 3-9 bps |
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Canadian Economy |
Written by CEP News |
Apr 29 09 21:23 GMT |
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(CEP News) - Economists will closely watch Japan's industrial production report to see if the data can turn positive. |
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US Economy |
Written by CEP News |
Apr 29 09 21:23 GMT |
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(CEP News) - Economists will closely watch Japan's industrial production report to see if the data can turn positive. |
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Asian Economy |
Written by CEP News |
Apr 29 09 21:23 GMT |
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(CEP News) - Economists will closely watch Japan's industrial production report to see if the data can turn positive. |
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Australian Economy |
Written by CEP News |
Apr 29 09 21:23 GMT |
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(CEP News) - Economists will closely watch Japan's industrial production report to see if the data can turn positive. |
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Australian Economy |
Written by CEP News |
Apr 29 09 21:06 GMT |
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(CEP News) - The Reserve Bank of New Zealand cut its target rate by 50 basis points on Thursday (Wednesday night EDT), as expected by economists. |
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Asian Economy |
Written by CEP News |
Apr 29 09 20:12 GMT |
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(CEP News) - Most economists expect the Reserve Bank of New Zealand (RBNZ) will cut rates by 50 basis points on Thursday (Wednesday night EDT) to 2.50% as the country's global trading partners continue to suffer from recession. |
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News Recap |
Written by CEP News |
Apr 29 09 20:04 GMT |
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(CEP News)
• FOMC Leaves Rates and Purchase Plans Unchanged
• U.S. Q1 Advance GDP Plummets 6.1%
• Germany Forecasts 6% GDP Decline in 2009 |
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Canadian Economy |
Written by CEP News |
Apr 29 09 19:57 GMT |
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(CEP News) - Canadian GDP is expected to produce weak results again in February, although not as bad as January and December's results. |
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US Economy |
Written by CEP News |
Apr 29 09 18:55 GMT |
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(CEP News) - Once again, economists will be watching U.S. initial jobless claims data for signs of stabilization in the labour market. |
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US Economy |
Written by CEP News |
Apr 29 09 18:27 GMT |
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(CEP News) - The U.S. Federal Reserve maintained the status quo on Wednesday, keeping rates unchanged, as expected, and maintaining the amount of Treasuries, mortgage-backed securities and government sponsored enterprises (GSE) assets they intend to purchase. |
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Market Updates |
Written by CEP News |
Apr 29 09 16:57 GMT |
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(CEP News)
• S&P 500 Rises 2.1%
• U.S. Dollar Index Down 1%
• Treasury Yields Mixed |
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European Economy |
Written by CEP News |
Apr 29 09 16:50 GMT |
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(CEP News) - The European Central Bank (ECB) will use alternative monetary policy once rates reach the so called "floor," according to ECB Governing Council Member Jurgen Stark speaking in Siegen, Germany on Wednesday. |
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US Economy |
Written by CEP News |
Apr 29 09 16:36 GMT |
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(CEP News) - With the so-called "green shoots" of economic recovery dominating much of the rhetoric from U.S. officials over recent weeks, economists question whether the Federal Reserve will jump on board at its monetary policy meeting on Wednesday. |
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Canadian Economy |
Written by CEP News |
Apr 29 09 15:42 GMT |
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(CEP News) - The average price of gas in Canada fell slightly in the week ending April 28, according to Calgary-based MJ Ervin & Associates. |
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