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Australian Economy Slumps, Weakest in Eight Years
| | Fundamental Analysis | Dec 03 08 01:19 GMT
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In trend terms, the GDP increased 0.2 percent and non-farm GDP also increased by 0.2 percent. However, in seasonally adjusted terms GDP rose by 0.1 percent which was below expectations of a 0.2 percen...
| | Economic Data
AU Data
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U.K. Nationwide Consumer Confidence Below Expectations
| | Fundamental Analysis | Dec 03 08 01:18 GMT
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The consumer confidence for the U.K. fell in November to 50 despite forecasts for a decline to 54. The October reading of 55 was revised upward to 56. With the holiday season beginning, the spending i...
| | Economic Data
UK Data
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Euro-Area PPI Fell The Most On Record In October
| | Fundamental Analysis | Dec 02 08 10:34 GMT
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The Euro-area PPI shows that the pace of inflation is starting to slow at a strong pace. The released number of -0.8% was much larger than analyst forecasts. The number released for the month of Septe...
| | Economic Data
EU Data
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U.K. Construction PMI Plunges To A Record Low
| | Fundamental Analysis | Dec 02 08 09:49 GMT
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The construction PMI plunged in November to a new record low, of 31.8 compared with analyst expectations of 33.8. The released number denotes the very weak period the U.K. housing and construction mar...
| | Economic Data
UK Data
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Swiss CPI Fell More Than Expected
| | Fundamental Analysis | Dec 02 08 07:11 GMT
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In November, the Swiss CPI read shows that the pace of inflation is slowing from the high reached in July of 3.1%. The released number of -0.7% is smaller than market expectation of -0.3%. The year-ov...
| | Economic Data
CH Data
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NBER Recession Call: Official Now, But Still Not Over
| | Fundamental Analysis | Dec 02 08 04:53 GMT
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The National Bureau of Economic Research (NBER) declared December 2007 as the start of the latest recession. This timing is coincident with the jump in the probability model we use and the peak of emp...
| | Economic Data
US Data
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Australian Retail Sales Beat Expectations, Rise 0.7%
| | Fundamental Analysis | Dec 02 08 04:05 GMT
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Seasonally adjusted Australian Retail Sales for the month of October rose 0.7% after economists called for a decline of -0.2%. The sharp change comes after September's figure marked a clear revised sl...
| | Economic Data
AU Data
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Australian Current Account Narrows For Second Straight Quarter
| | Fundamental Analysis | Dec 02 08 01:18 GMT
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The current account deficit fell 31 percent for the third quarter of 2008. This is the second straight quarter that the deficit has narrowed. This was partly due to exports such as coal and iron ore a...
| | Economic Data
AU Data
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Trade Desk Thoughts - Australia Retail Sales Trend
| | Fundamental Analysis | Dec 02 08 01:14 GMT
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The retail sales trend in Australia has increased by 0.2 percent in October. This is above market expectations of a 0.1 percent increase and matches Septembers 0.2 percent month over month increase. S...
| | Economic Data
AU Data
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Canadian Economic Activity Accelerates in the Third Quarter
| | Fundamental Analysis | Dec 01 08 18:46 GMT
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Despite economic headwinds around the globe in the third quarter, Canadian real economic growth proved resilient and accelerated to 1.3% annualized, beating market expectations of 0.8%, and faring muc...
| | Economic Data
CA Data
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U.S.: ISM Manufacturing Index Continues to Slide in November
| | Fundamental Analysis | Dec 01 08 18:43 GMT
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The U.S. ISM manufacturing sector index declined to its lowest level since 1982, falling to 36.2 in November from 38.9 in December. The drop was worse than the decline to 37.0 expected by the markets....
| | Economic Data
US Data
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US: A Manufacturing Collapse
| | Fundamental Analysis | Dec 01 08 18:39 GMT
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The US ISM manufacturing index plunged to 36.2 in November, down from 38.9 the previous month. The sector is now in its worst condition since the 1982 recession, with manufacturing production set to s...
| | Economic Data
US Data
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Construction Spending Fell in October Meeting Expectations
| | Fundamental Analysis | Dec 01 08 16:07 GMT
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Total construction spending fell 1.2 percent in October, with an upward revision to September and August. Residential construction spending fell 3.5 percent and nonresidential construction spending fe...
| | Economic Data
US Data
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ISM Manufacturing: Economy Remains in Teeth of the Recession
| | Fundamental Analysis | Dec 01 08 16:03 GMT
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November's ISM manufacturing index came in at 36.2, well within recession territory and the lowest level since the 1981-82 recession. Weakness remains in new orders, production and employment. An inve...
| | Economic Data
US Data
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Manufacturing Deteriorated Less Sharply in the U.S. Than Europe
| | Fundamental Analysis | Dec 01 08 15:59 GMT
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The U.S. PMI-manufacturing index dropped 2.7 points to 36.2 in November, whereas that indicator's counterparts fell by 5.5 points to 35.6 in Euroland and 6.3 points to 34.4 in Britain. The Swiss index...
| | Economic Data
US Data
EU Data
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Manufacturing Contracted At The Fastest Pace In 25 Years During November
| | Fundamental Analysis | Dec 01 08 15:38 GMT
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Economic activity in the manufacturing sector contracted at the fasted pace in 25 years in November and the overall economy contracted for the second consecutive month, according to today's report fro...
| | Economic Data
US Data
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US Manufacturing Contracts At Its Fastest Pace Since 1982
| | Fundamental Analysis | Dec 01 08 15:24 GMT
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Manufacturing activity continued its plunge through November despite a record-breaking drop in input costs, suggesting the recession the economy is diving into is growing more severe with time. In its...
| | Economic Data
US Data
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U.S. ISM Manufacturing Index Drops More Than Expected
| | Fundamental Analysis | Dec 01 08 15:22 GMT
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The headline figure for November dropped more than expected (36.2; consensus 37; prior read 38.9) to the lowest level since 1982. Of the 10 sub-indexes, none rose, two remained steady and eight fell. ...
| | Economic Data
US Data
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Canada's GDP Strengthens in the Third Quarter
| | Fundamental Analysis | Dec 01 08 15:21 GMT
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GDP rose an annualized 1.3% in the third quarter, modestly stronger than the upwardly revised 0.6% gain in the second quarter (previously reported at 0.3%). The third-quarter rise was also stronger th...
| | Economic Data
CA Data
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Canadian Real GDP Expanded 1.3% saar Last Quarter
| | Fundamental Analysis | Dec 01 08 14:35 GMT
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Real GDP rose 1.3% at a seasonally adjusted annual rate in 3Q08 but only 0.5% from 3Q07 due to a flat first half this year. Growth rates in 1Q08 and 2Q08 were each revised slightly higher to -0.6% saa...
| | Economic Data
CA Data
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Canada Expanded 1.3% In Q3
| | Fundamental Analysis | Dec 01 08 14:01 GMT
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Economic activity edged up 0.1% in September Statistics Canada said today, following a 0.3% decline in August. Real gross domestic product (GDP) increased 0.3% in the third quarter after remaining ess...
| | Economic Data
CA Data
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U.K. Fundamental Deteriorates, Stoking Fears of a Severe Recession
| | Fundamental Analysis | Dec 01 08 09:52 GMT
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U.K. November manufacturing PMI tumbled to a new series low of 34.4, against our survey median for 39.8. The September reading was revised down to 40.7 from 41.2. A breakdown of the headline reading s...
| | Economic Data
UK Data
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U.K. Manufacturing PMI Continues To Decline In November
| | Fundamental Analysis | Dec 01 08 09:51 GMT
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The UK Manufacturing PMI contracted for a seventh consecutive month in November, indicating a strong recessionary period the U.K. economy is facing. According to the PMI report, the 34.4 read shows th...
| | Economic Data
UK Data
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Euro-Zone Manufacturing Unexpectedly Revised Down, Fueling Bets for Further Rate Cuts
| | Fundamental Analysis | Dec 01 08 09:15 GMT
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The Euro-Zone November manufacturing PMI was revised down to 35.6 from 36.2 reported initially. The overall reading, as well as the readings for new output, new orders, employment, are all at survey l...
| | Economic Data
EU Data
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Euro-Area Manufacturing PMI Falls To A Record Low
| | Fundamental Analysis | Dec 01 08 09:11 GMT
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The PMI release shows the euro-area manufacturing side of the economy has contracted for six consecutive months. The release number of 35.6 is slightly smaller than analyst expectations of 36.2. The E...
| | Economic Data
EU Data
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Swiss Manufacturing Drops to Record Low, Fueling Growth Fears
| | Fundamental Analysis | Dec 01 08 09:00 GMT
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Swiss November manufacturing PMI plundged to 35.2 from 47.0 in October, far below the Reuters median for 44.0 and follwoing the weakest KOF leading indicator reading in over five years. A breakdown of...
| | Economic Data
CH Data
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Swiss SVME PMI Tumbled To 35.2 In November
| | Fundamental Analysis | Dec 01 08 08:46 GMT
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The Purchasing Managers Index shows the industrial sector contracted in Switzerland for the third consecutive month. The PMI number was released at 35.2, versus analyst’s estimates of 45.5. The Swiss ...
| | Economic Data
CH Data
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German Retail Sales Drop as Financial Crisis Ruin Spending
| | Fundamental Analysis | Dec 01 08 08:06 GMT
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German October retail sales dropped 1.6% m/m. This was much weaker than expectations for a rise of 0.5% m/m, but September data were revised up to -1.0% m/m from -2.3% m/m reported initially. The seco...
| | Economic Data
EU Data
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Canada's Current Account Surplus Narrowed In Q3, Raw Material Prices Show Yearly Decline To October
| | Fundamental Analysis | Nov 28 08 14:19 GMT
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Canada's current account surplus narrowed to $5.6 billion in Q3 2008 (seasonally adjusted), down from $8.2 billion in the previous quarter. The reduction was largely as a result of a lower goods surpl...
| | Economic Data
CA Data
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U.K. CBI Realized Sales Lower Than Expected
| | Fundamental Analysis | Nov 28 08 11:27 GMT
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The CBI survey showed that retail sales contracted for the eight month in a row. Responding to the CBI's latest Distributive Trades Survey, 16 per cent of firms said that sales were higher in the firs...
| | Economic Data
UK Data
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Swiss KOF Points To A Flat GDP
| | Fundamental Analysis | Nov 28 08 11:26 GMT
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The Swiss Leading Indicator was released at -0.05 points, much lower than the forecasted number. The index shows that the GDP growth might be flat in the coming quarters. Analyzed by its sub-indexes, ...
| | Economic Data
CH Data
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Swiss Leading Indicator Fall as Pessimistic Growth Outlook
| | Fundamental Analysis | Nov 28 08 10:58 GMT
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Switzerland's leading KOF indicator dropped to the lowest level in at least five years. The indicator predicts the economy's direction about six month ahead fall to -0.05 from revised 0.28 reading in ...
| | Economic Data
CH Data
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Euro-Area CPI Estimate Falls To 2.1% In November
| | Fundamental Analysis | Nov 28 08 10:30 GMT
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The strong declines seen lately in the commodity markets, especially in the crude oil’s valuation, has caused the Euro-area CPI to approach the 2% target rate faster than any one would have thought a ...
| | Economic Data
EU Data
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Euro-Area Unemployment Rate Up In October
| | Fundamental Analysis | Nov 28 08 10:29 GMT
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The unemployment rate in the Euro-area rose to 7.7%, higher than the market expected. The unemployment rate for the month of September was revised higher, to 7.6%. About 12 million persons work in the...
| | Economic Data
EU Data
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Euro-Zone Unemployment Rate Rises as Euro-Zone Fundamentals Deteriorate
| | Fundamental Analysis | Nov 28 08 10:24 GMT
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Euro-Zone October unemployment rose to 7.7% and September data was revised up to 7.6% from 7.5% reported initially. The overall rise reflects sharp increases in countries such as Spain, France and Ire...
| | Economic Data
EU Data
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U.K. Economiv Conditions Poor, But Not As Bad As Expected
| | Fundamental Analysis | Nov 28 08 01:23 GMT
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This is a survey that queries economic participants on their current and future expectations for the UK economy. The figure is released at the start of each month, making consumer confidence a timely ...
| | Economic Data
UK Data
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Japanese Tidal Wave Of Economic Data
| | Fundamental Analysis | Nov 28 08 01:18 GMT
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Retail sales are the measure of the total sales of goods and services by retail stores in Japan. This is also an important part of figuring the country’s GDP. Retail sales are an important measure of ...
| | Economic Data
JP Data
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Euro-Zone Confidence Drops to 15-Year Low, Fueling Fears of Growth Concerns
| | Fundamental Analysis | Nov 27 08 10:48 GMT
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Euro-Zone November economic sentiment dropped to 74.9 from 80.0 in October. This was much lower than estimation of 78.0 and October numbers were revised down from an initially reported 80.4, so data a...
| | Economic Data
EU Data
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Euro-Area Consumer Confidence At Multi-Year Low
| | Fundamental Analysis | Nov 27 08 10:25 GMT
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Consumer confidence in the Euro-area fell to -25, as expected. The index is just a few points above the bottom reached in early 2003. The last time the euro-area consumer confidence report was above t...
| | Economic Data
EU Data
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German Unemployment Rate Holding at a 16 Year Low
| | Fundamental Analysis | Nov 27 08 09:42 GMT
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Germany's November s.a. jobless total dropped 10 K over the month, better than the estimation of -5K and leaving the adjusted jobless rate unchanged at a 16 year low of 7.5%. However, labor office hea...
| | Economic Data
EU Data
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Euro Zone M3 Up 8.7% YoY In October
| | Fundamental Analysis | Nov 27 08 09:24 GMT
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The M3 number hit the wires at 8.7% higher than what analyst had previously estimated. The number for the month of September was revised slightly higher, to 8.7%. The Euro area M3 was expanding at a v...
| | Economic Data
EU Data
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German Unemployment At 16-year Low
| | Fundamental Analysis | Nov 27 08 09:23 GMT
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The number of unemployed persons looking for a job in Germany for the month of November came in at -10K, stronger than what analysts had expected. The unemployment number in Germany has been in a stro...
| | Economic Data
EU Data
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Swiss Employment Beats Estimates Despite the Dour Outlook by the SNB
| | Fundamental Analysis | Nov 27 08 09:05 GMT
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Employment opportunities in Switzerland increased 2.0% in the third quarter despite expectations for a 1.9% gain. Meanwhile, the employment reading for the second quarter was revised higher to 3.4% fr...
| | Economic Data
CH Data
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U.K. House Prices Fall for 13th Month as Financial Crisis Deepens
| | Fundamental Analysis | Nov 27 08 09:03 GMT
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U.K. Nationwide house prices fell 0.4% m/m and 13.9% y/y in November, less than expected and versus market median estimates for drops of 1.7% and 15.0% respectively and compared to -1.3% m/m and -14.6...
| | Economic Data
UK Data
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Australia Private New Capital Expenditures Slightly Better Than Expected
| | Fundamental Analysis | Nov 27 08 01:19 GMT
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The trend estimate for total new capital expenditures rose in terms of volume by 2.9 percent in the September quarter of 2008 while the seasonally adjusted rate rose 0.6 percent. The estimate for buil...
| | Economic Data
AU Data
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Chicago PMI Hits 26-Year Low
| | Fundamental Analysis | Nov 26 08 19:14 GMT
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The Chicago Purchasing Managers Index plunged in October to 33.8, its lowest level since April 1982 and another indication the recession is deepening. The price index declined toward neutral, reaching...
| | Economic Data
US Data
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Inflation in Rapid Retreat Creates Leeway for Looser Monetary Policy
| | Fundamental Analysis | Nov 26 08 16:23 GMT
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Price data released by Germany today exemplify a remarkable reversal of inflation trends and risks. Import prices dropped 3.6% in October on top of declines of 1.0% in September and 0.8% in August, an...
| | Economic Data
EU Data
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US New Home Sales Continued to Slide in October
| | Fundamental Analysis | Nov 26 08 16:19 GMT
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New home sales in the US fell 5.3% month over month to 433k units on an annualized basis. The market was expecting a more muted fall of 5% to 441k. The prior month's reading of 464k was revised down t...
| | Economic Data
US Data
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Personal Consumer Spending Fell 1.0% in October
| | Fundamental Analysis | Nov 26 08 16:18 GMT
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Personal consumer expenditure (PCE) fell 1% in October, in line with market expectations and following a 0.3% decline in September. Personal income, however, rose 0.3%, beating forecasts for a 0.1% in...
| | Economic Data
US Data
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New Home Sales Fell in October
| | Fundamental Analysis | Nov 26 08 16:16 GMT
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New home sales dropped 5.3 percent in October to an annual pace of just 433,000 sales. The weakness in October was apparent across the economy and home sales did not escape the problems. The potential...
| | Economic Data
US Data
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