Economy News

China’s Output Falls at Fastest Pace Since March

Data in September signalled a stronger decline in Chinese manufacturing output, as the volume of new orders fell for the eleventh consecutive month. New export orders declined at the sharpest rate in 42 months amid reports of weak international demand, while lower workloads were linked to a fall in backlogs of work. Hongbin Qu, Chief [...]

Modest Deterioration in Japan’s Operating Conditions Recorded in September

Operating conditions in Japan’s manufacturing sector continued to worsen at a modest pace in September. Output and new orders both fell amid reports of a general stagnation of economic activity in domestic and overseas markets. Manufacturers continued to deplete inventories, while they made further sharp inroads into their work outstanding. Paul Smith, Senior Economist at [...]

Lackluster Domestic Data Augments Weekly Losses, but Can’t Halt Third-Quarter Rise

“Today was the final day of the third quarter, and we ended the session on a negative note,” said Schaeffer’s Senior Equities Analyst Joe Bell. “The market was weak early on, and the worse-than-expected Chicago purchasing managers index (PMI) didn’t help, as the reading was at its lowest level in three years.” Even though the [...]

Why Gold, Silver Prices Could Dive in a Flash

Gold and silver prices dipped Friday as the dollar strengthened against global currencies on safe-haven buying that followed disappointing U.S. consumer sentiment and purchasing managers data. An economist warns a recession could lead to a meltdown in precious metals despite all the bullishness from global stimulus programs. Spot gold prices shed 0.23% to $1774 an [...]

RV Firm Thor Grows Dividend Despite Lame U.S. Economy

Confidence is a huge economic driver in the RV business. If consumers are uncertain about their own situations, they don’t go out and buy an RV. With the U.S. economy limping,Thor Industries ( THO ) has naturally struggled with earnings stability. The five-year stability factor is a mediocre 47 on a scale of 0 (calm) [...]

Equinix, Rackspace Riding Cloud Computing Wave

To the average Internet user, it is an invisible revolution. Newer, faster and more efficient concepts for how to structure and manage networks are rapidly altering the light-speed maze through which consumers and businesses work, play and communicate online. Cloud computing is a trend consolidating Internet computing power in vast armories referred to as server [...]

The 2.7 Billion People Challenge – Towards a Brighter Urban Future

Cities in the developing world are growing at an unprecedented speed and will need to house and service an additional 2.7 billion people between now and 2050. This rapid urbanization presents not only a challenge but also a unique opportunity for cities to lift hundreds of millions out of poverty through an inclusive green growth [...]

World Bank Reaffirms Support for Economic and Political Transition Process in Yemen

Dr. Jim Yong Kim, President of the World Bank Group, committed his institution’s best efforts and expertise to Yemeni President Abed Rabbo Mansour Al-Hadi, during a meeting here today. This follows the second successful round of pledging by the international community at the Friends of Yemen meeting in New York yesterday where an additional US$1.5 [...]

NYSE Announces Fourth-Quarter 2012 Circuit-Breaker Levels

The New York Stock Exchange will implement new circuit-breaker collar trigger levels for fourth-quarter 2012 effective Monday, October 1, 2012. Circuit-breaker points represent the thresholds at which trading is halted marketwide for single-day declines in the Dow Jones Industrial Average (DJIA). Circuit-breaker levels are set quarterly as 10, 20 and 30 percent of the DJIA [...]

Decline in Eurozone Retail Sales Eases in September

The Eurozone retail sector remained in contraction in September, according to PMI data from Markit. Sales fell on a month-on-month basis for the eleventh successive month, although the pace of decline eased to the slowest since June. The Eurozone Retail PMI is an indicator of changes in the value of sales at retailers. The PMI [...]

French Retail Sales Fall at Slower Rate in September

Latest data pointed to another month of falling sales in the French retail sector during September. However, the rate of decline eased on both a monthly and annual basis. Retailers cut purchasing activity further, leading to a slight reduction in their stocks of goods for resale. The rate of purchase price inflation quickened to the [...]

Austrian Manufacturing PMI Drops to 39-month Low

The downturn in the Austrian manufacturing sector intensified in September as output, new orders and employment all declined at faster rates. There were signs of inflationary pressures returning to the sector as both input costs and output prices increased during the month. The seasonally adjusted Bank Austria Manufacturing PMI – a composite indicator designed to [...]

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Slight Decline in German Retail Sales During September

The seasonally adjusted Germany Retail PMI posted 49.2 in September, down from 49.9 in the previous month and the lowest reading since April. September data therefore indicated a marginal drop in like-for-like sales, followed a stagnation during August and slight growth throughout the rest of the summer. Anecdotal evidence suggested that lower sales in September [...]

Modest Deterioration in Japan Operating Conditions Recorded in September

Operating conditions in Japan’s manufacturing sector continued to worsen at a modest pace in September. Output and new orders both fell amid reports of a general stagnation of economic activity in domestic and overseas markets. Manufacturers continued to deplete inventories, while they made further sharp inroads into their work outstanding. Payroll numbers were little changed. [...]

M&a Market Prepares for the Chill to Set In

Following a year of continued macro-economic uncertainty, global M&A activity is falling with the level of completed deals reaching the lowest level since Q1 2010. Global volume and value of announced transactions fell by 18% and 11% respectively in the third quarter of 2012, showing that despite a slight uptick in the previous quarter, the [...]

Sharp Decline in Global IPO Deal Value and Volume in Q3 but Recent Listings Suggest More Deals to Come in Q4 2012

Global IPO activity continued to drop in Q3 2012 although; recent listings suggest a market improvement in the coming months, according to Ernst & Young’s latest Global IPO update. So far this quarter, global IPOs have raised US$24.1b, down 46% by capital raised, compared to Q2 2012 (US$44.3b) and down 16% compared to Q3 2011 [...]

A Lost Decade for the Eurozone?

While the European Central Bank’s Outright Monetary Transactions has significantly reduced the risk of a Eurozone breakup in the near term, the broader policy response to the crisis has still fallen short of the game-changer needed to restore long-term stability, according to the autumn Ernst & Young Eurozone Forecast (EEF). Things will continue to get [...]

Gold Prices Rally As the Dollar Sinks

Gold prices rallied Thursday and the dollar fell after Spain released its 2013 budget and the U.S. reported pending-home sales weakened in August. Spot gold jumped $24.06 an ounce to $1,775.65. SPDR Gold Shares ( GLD ), representing a 10th of an ounce minus expenses, gapped up 2.39, or 1%, to 172.2. Gold bullion reached [...]

Disney Near 20% Profit-Taking Level from May Breakout

When should an income investor consider taking profits in a stock? The question is flawed in one respect. It implies that sell strategies differ for the income investor. But the market doesn’t change the way it behaves simply because the investor is fixated on a dividend. Sell rules are sell rules regardless of why the [...]