Worsening euro zone business downturn reignites recession fears
LONDON, July 24 (Reuters) – Euro zone business activity shrank much more than expected in July as demand in the bloc’s dominant services industry declined...
Major banks cut China 2023 GDP forecasts as recovery falters
BEIJING, June 16 (Reuters) – Several major banks have cut their 2023 gross domestic product (GDP) growth forecasts for China after May data showed a...
Realtor.com Reports Weekly Active Inventory Up 10% YoY; New Listings Down 22% YoY
by Calculated Risk on 6/15/2023 02:16:00 PM Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report from economist...
What Happened to “Paying off the National Debt”?
by Calculated Risk on 5/22/2023 10:31:00 AM At the turn of the millenium, the concern was that the US was paying off the debt too...
Yellen: Still uncertainty about when Treasury will run out of cash
NIIGATA, Japan, May 12 (Reuters) – Treasury Secretary Janet Yellen said there was still uncertainty about exactly when Treasury would run out of cash to...
Gold eases on profit taking after US inflation data
US CPI up 0.4% in April vs 0.1% in March Core inflation well above Fed’s target, analyst says May 10 (Reuters) – Gold prices edged...
Gold gains on economic risks with US inflation in focus
U.S. inflation data due at 8:30 a.m. EDT on Wednesday Equities fall on Chinese data and U.S. debt limit worries Platinum up more than 3%...
Gold ticks up with focus on US inflation data
U.S. banks report tighter lending standards – Fed survey U.S. CPI for April due on Wednesday Palladium up more than 4% May 8 (Reuters) –...
Global equity funds see biggest weekly outflow in five weeks
May 5 (Reuters) – Global equity funds suffered massive outflows in the week to May 3, hit by weak economic data and worries over a...
Gold slides on US jobs growth as Fed-led rally fizzles
U.S. nonfarm payrolls +253,000 in April Global gold demand fell in first quarter of 2023- WGC Palladium up more than 3% May 5 (Reuters) –...