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ECB, BoE expected to leave interest rates steady

posted by warrenbuffet 1255 days ago in EUR, GBP, Inflation made popular 1255 days ago

The European Central Bank and Bank of England will likely leave interest rates unchanged on Thursday as they face mounting inflation and slowing growth.

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Fed: Slow growth, still-high prices hit economy

posted by warrenbuffet 1255 days ago in USD, Inflation made popular 1255 days ago

The country is stuck in a slow-growth rut, the Federal Reserve suggested Wednesday.
Higher prices for energy, food and other things are pinching people and businesses -- reasons enough for the economy to be Americans' top concern heading into th

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Merk Economic Calendar: Week Ahead In US Financial Markets

posted by warrenbuffet 1260 days ago in USD, Fundamental made popular 1260 days ago

In the Week Ahead in US financial markets, Joe discusses upcoming FED talk and key economic releases.

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Merk Market Outlook: US Housing Sector: Micro Foundation

posted by warrenbuffet 1260 days ago in USD, Weekly, Housing made popular 1260 days ago

The mild mid summer bounce in sales activity inside the housing sector has stimulated broad market discussion around whether a bottom is forming in the market.

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NZ growth should start again 'from early 2009'

posted by warrenbuffet 1263 days ago in NZD, Special, GDP made popular 1263 days ago

Investment bank JP Morgan expects the New Zealand economy will start growing again in early 2009, after a series of interest rate cuts by the Reserve Bank.

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UK economy 'as bad as the seventies'

posted by warrenbuffet 1263 days ago in GBP, Fundamental, GDP made popular 1259 days ago

Pressure is mounting on Britsh Prime Minister Gordon Brown to find help for hard-pressed families as the new deputy governor of the Bank of England warned that the financial situation was at least as bad as the 1970s.

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Managers predict 3.6 per cent inflation

posted by warrenbuffet 1263 days ago in NZD, Inflation made popular 1263 days ago

Business managers expect inflation to be 3.6 per cent in a year - well up on the New Zealand Reserve Bank's 1 per cent to 3 per cent target range.

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Construction falls as Aussie economy slows

posted by warrenbuffet 1263 days ago in AUD, Housing made popular 1263 days ago

The volume of construction work, after adjustment for price changes and regular seasonality, fell by 2.6 per cent in the quarter, the Australian Bureau of Statistics (ABS) said.

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CB's Stark sees broad-based 2nd round effects

posted by warrenbuffet 1263 days ago in EUR, Inflation

Recent wage rises show the euro zone is now suffering from broad-based second-round inflationary effects, European Central Bank Executive board member Juergen Stark said in a newspaper interview released late on Tuesday.

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Kiwi will keep on falling: experts

posted by warrenbuffet 1275 days ago in NZD, Fundamental, Special made popular 1275 days ago

The New Zealand dollar closed below US70c for the first time in 11 months last night and with more Reserve Bank rate cuts on the way there is little to stop it falling further, currency watchers say.

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Global confidence bouncing back, slowly

posted by warrenbuffet 1275 days ago in Sentiment made popular 1275 days ago

Confidence in the global economy rose from a 10-month low in August as the retreat in oil prices made Americans less pessimistic, a survey of five continents showed.

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Recession shows its face - NZ retail sales fall

posted by warrenbuffet 1275 days ago in NZD, Fundamental, Retail Sales made popular 1275 days ago

Retail sales fell a seasonally and inflation-adjusted 1.5 per cent in the June quarter, providing further strong indications that New Zealand is in a recession.

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