U.S. housing recovery rolls on as groundbreaking rises

Posted by Forexsq 2 days ago (http://www.reuters.com)
img U.S. housing starts and permits rose in September, a signal the market's modest recovery is supporting what appears to be growing strength in the broader economy.

Groundbreaking rose 6.3 percent to an annual 1.02 million-unit pace, the Commerce Department said on Friday.

Economists polled by Reuters had forecast a slightly smaller gain.

Housing is clawing back after it imploded during th

What to expect from Goldman Sachs’ earnings

Posted by Forexsq 3 days ago (http://www.marketwatch.com)
img Wall Street icon Goldman Sachs Group Inc. is scheduled to report third-quarter results on Thursday, before the opening bell.

Analysts are expecting a strong performance from Goldman’s GS, -1.73% investment banking business, given the improving economic and capital markets environment. A pick-up in trading revenue is also anticipated, with improvement in the fixed income, currency and commodit

Bullard’s surprising suggestion to continue QE lifts markets

Posted by Forexsq 3 days ago (http://www.marketwatch.com)
img A comment from a hawkish Federal Reserve official on Thursday that bond buying should continue beyond its scheduled end lifted stock markets and surprised many observers.

The Federal Reserve should consider extending its bond-buying program beyond October due to the market sell-off to see how the U.S. economic outlook evolves, said James Bullard, the president of the St. Louis Fed, on Thursday

Jobless Claims in U.S. Unexpectedly Decrease to 14-Year Low

Posted by Forexsq 3 days ago (http://www.bloomberg.com)
img Applications for unemployment benefits in the U.S. unexpectedly dropped last week to their lowest level in 14 years as employers avoided trimming staff even as global growth weakens.

Jobless claims decreased by 23,000 to 264,000 in the week ended Oct. 11, the fewest since April 2000 and lower than any projection in the Bloomberg survey of economists, a Labor Department report showed today in W

Bullard Says Fed Should Consider Delay in Ending QE

Posted by Forexsq 3 days ago (http://www.bloomberg.com)
img The Federal Reserve should consider delaying the end of its bond purchase program to halt a decline in inflation expectations, said St. Louis Federal Reserve Bank President James Bullard.

Speaking in an interview today with Bloomberg News in Washington, Bullard said U.S. economic fundamentals remain strong, and he blamed recent financial-market turmoil on downgrades in the outlook for Europe.

What Yellen Needs to Learn From Sweden, Fast

Posted by Forexsq 3 days ago (http://www.bloomberg.com)
img Forget the bigger-than-forecast drop in U.S. retail sales, the surprising tumble in U.K. inflation to a five-year low, and the slide in German investor confidence.

For central banks around the world, the most informative piece of economic data released anywhere this week was the news that Swedish consumer prices fell 0.4 percent in September from a year earlier.

The seventh monthly decline

Why markets ignore good news from U.S. to focus on bad news from Europe | Top Forex Brokers

Posted by Forexsq 2 days ago (http://www.topforexbrokers.com)
img What’s spooking the markets? One thing we can say for sure is that it is not the slightly weaker-than-expected retail sales that triggered the mayhem on Wall Street on Wednesday... moreShare it now!

U.S. consumer sentiment at highest since July 2007

Posted by Forexsq 2 days ago (http://www.reuters.com)
img U.S. consumer sentiment rose in October to the highest in more than seven years, boosted by views on personal finances and the national economy, a survey released on Friday showed.

The Thomson Reuters/University of Michigan preliminary October reading on the overall index on consumer sentiment came in at 86.4, the highest since July 2007. The gains were unexpected, as a Reuters survey showed a

Treasury prices surge amid global growth concerns

Posted by Forexsq 5 days ago (http://www.marketwatch.com)
img Treasury prices jumped Tuesday, sending yields sharply lower as bond traders fretted about the pace of global growth. Those concerns heightened after a measure of German economic sentiment turned negative for the first time in nearly two years and the German government slashed its growth forecasts for 2014 and 2015. The 10-year U.S. Treasury note 10_YEAR, -2.84% yield, which falls as prices rise,

Citigroup shrinks global footprint, exits Egypt and Japan

Posted by Forexsq 5 days ago (http://money.cnn.com)
img Citigroup, the U.S. bank with the broadest global reach, isn't so keen on globalization these days. It's pulling out of 11 countries.

Citi's (C) global retreat in its consumer banking division impacts Czech Republic, Egypt and Japan and is the latest push to narrow its focus to the markets where it has a competitive advantage.

German bond yields hit record lows after ZEW fuels growth scare

Posted by Forexsq 5 days ago (http://in.reuters.com)
img German government bond yields hit a new record low on Tuesday as a monthly gauge of economic sentiment reinforced fears the euro zone's engine may be slipping towards recession.

The ZEW institute's index of German economic sentiment turned negative for the first time since late 2012, falling to -3.6 in October from 6.9 the previous month. Economists polled by Reuters had expected a reading of

Draghi Asset Plan Seen Falling Short as QE Bets Rise: Economy

Posted by Forexsq 6 days ago (http://www.bloomberg.com)
img Mario Draghi’s latest strategy for the euro area is failing to win over economists.

More than 60 percent of the respondents in Bloomberg’s monthly survey say the European Central Bank president’s plan to steer its balance sheet toward early-2012 levels is set to fall short and a growing number predict he’ll resort to large-scale government-bond buying. Two-thirds are unhappy with the lack of d

You Don’t Need to Be Perfect to Get a U.S. Loan Anymore

Posted by Forexsq 6 days ago (http://www.bloomberg.com)
img Bank of America Corp. (BAC), the third-largest U.S. mortgage lender, refused to give Paul Mataska the loan amount he needed last year after he had a six-month layoff from his job in 2012. That setback didn’t prevent a Canadian lender from providing the electrician the loan this year.

The U.S. unit of Toronto-Dominion Bank (TD) approved a mortgage for Mataska through its new program with flexib

Fed Aim Off Target as Inflation Descends Near Danger Zone

Posted by Forexsq 9 days ago (http://www.bloomberg.com)
img Federal Reserve officials are hunting for new tactics to raise price increases to their target as slowing global growth, cheaper commodities and flat wages sound warnings that inflation is descending toward the danger zone.

The Fed needs a clear strategy for getting the inflation rate higher after falling short of its 2 percent target for 28 consecutive months.

Now, as longer-run inflation

Consumer Comfort in U.S. Increases by Most Since Mid-November

Posted by Forexsq 10 days ago (http://www.bloomberg.com)
img Consumer sentiment in the U.S. increased last week by the most since mid-November as households grew more optimistic about the economy and buying climate.

The Bloomberg Consumer Comfort Index climbed to 36.8 in the period ended Oct. 5 from a four-month low of 34.8. A gauge of attitudes about the world’s largest economy registered the biggest increase since 2007.

A pickup in hiring, more job

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