China Reports Steady Gains in Manufacturing Index - May 2, 2012 23:54

China released its manufacturing data for the month of April which gained consistently for the fifth straight month in April. The Purchasing Managers’ Index (PMI) surged to 53.3 for the month of April as compared to 53.1 in March. The reading of PMI in February stood at 51. The recent manufacturing data depicts that the […]

Bank Failures Will Cost $12 Billion by 2016: Projects FDIC - April 25, 2012 23:55

The Federal Deposit Insurance Corporation released its projected figure on its depots insurance fund according to which bank failures are expected to cost almost $12 billion by the year 2016. FDIC published a detailed report on its deposit insurance fund which is pooled by banks and is used for protection of depositors incase a certain […]

China Reports Decline in Home Prices - April 19, 2012 23:49

China reported decline in its home prices for the month of March which raised concerns over the country’s slowing construction activity. According to the National Bureau of Statistics, 46 cities reported weaker prices as compared to prior month out of 70 surveyed cities. Data remained flat from 16 cities while only 8 of cities reported […]

Consumer Sentiment Index Lower in April - April 13, 2012 23:55

University of Michigan released it consumer sentiment index which ended lower creating worries on US economic recovery. According to the preliminary reading by University of Michigan, the consumer sentiment for the month of April fell to 75.7 as compared to 76.2 in March. Analysts on average were expecting the figure of 76.4 for the respective […]

Jobless Claims Increase to 380,000 - April 12, 2012 23:59

US Jobless claims increased 13,000 to 380,000 for the week ending April 7th as per latest report of the US Labor Department on Thursday. The figure for jobless claims has reached its highest in two and half months due to high claims from education sector as many school workers are unemployed in reaction to spring […]

Durable Goods Orders Gain 2.2 Percent in February - March 29, 2012 23:56

It seems Bernanke is the only one who is still satisfied with US economy after series of positive economic indicators. After consumer confidence data, further to add this week is durable goods orders which increased 2.2 percent in the month of February indicating improvement and strength in US industries. Though the economist were expecting the […]

China Increases Fuel Retail Prices - March 22, 2012 3:02

Everyone seems to be concerned about the China’s economy and they should as it happens to be the largest consumer of almost everything in the world. Sluggish economic growth in China means lower demand and import by China which eventually affects stock markets and commodities markets globally. China’s another move is in the limelight and […]

Unemployment Rate Reaches its Record High in United Kingdom - November 16, 2011 23:51

Recession surrounds all over the globe and now United Kingdom reaches its record level since 1996 in terms of its unemployment rate. UK’s unemployment rate has increased to 8.3 percent for the quarter ending in September as compared to 8.1 percent for the three months ending in August. As per the latest report of U.K’s […]

Forex Weekly Outlook - September 6, 2011 23:32

Major economic events that could have significant impact on forex trading and currency markets for the week ending September 9th, 2011 are as follows:- Yesterday on Monday, markets in United States remained closed in observance of Labor Day while euro zone reported its official data on retail sales along with data on investor confidence. Today […]