China reported that the domestic economy grew at an annual rate of 6.8% in the fourth quarter of 2016, compared with economists forecasts of 6.7% growth in the world’s second largest economy.
For the full year the Chinese economy expanded by 6.7%.
economy
Market News Briefing – December 16th 2016 11:30 (GMT+1)
According to the IFO Institute’s figure in Germany, the German economic growth will be stronger than expected in the fourth quarter.
Market News Briefing – November 21st 2016 12:00 (GMT+1)
The German economy grew In the third quarter by 0.2%, after the second quarter in which it grew by 0.7% and in the third quarter by 0.4%.
The third quarter figures sparked concerns that the biggest economy in the Euro zone is on its way to a much more significant weakening.
Market News Briefing – Oct. 28th 2016 08:00 (GMT+1)
The French economy grew in the third quarter at a rate lower than expected.
The second largest economy in the Euro zone grew last quarter by 0.2% compared to the second quarter, then it shrank by 0.1%.
The Analysts’ forecasts had expected an expansion of 0.3%.
Market News Briefing – Oct. 6th 2016 12:30 (GMT+1)
Tomorrow the US employment report in September will be published.
According to preliminary forecasts, the US economy in the past month produced 171 thousand new jobs, improved after the addition of 151 thousand jobs in August.
The unemployment rate is expected to remain unchanged, at 4.9%.
Market News Briefing – Sept. 29th 2016 08:00 (GMT+1)
Japan retail sales fell by 2.1% in August, following a decline of 0.2% in July and while the market expected a decline of 1.7%.
The retreat in retail sales is a further evidence of the deep deflation which exists in the Japanese economy, which struggling to get out of it despite aggressive expansionary policy adopted by the central bank.
Market News Briefing – Sept. 23rd 2016 09:30 (GMT+1)
More unflattering data for the Euro zone economy was published:
The composite purchasing managers’ index fell in September to a low of 20 months and now stands at 52.6 points.
The services index fell to a low of 21 months of 52.1 points, but the production index rose to a three-month high, 52.6 points.
Market News Briefing – Sept. 7th 2016 13:30 (GMT+1)
The “Beige Book” which periodic report of the Federal Reserve on the state of the US economy, will be published later today, at 19:00 UK time.
Market News Briefing – Sep. 1st 2016 15:00 (GMT+1)
A surprising contraction in the US manufacturing sector
The manufacturing sector activity contracted unexpectedly in August due to the strengthening of the US dollar, slower growth of the global economy and uncertainty about the US economic outlook.
The manufacturing sector activity index in the US fell in August to 49.4 points – the lowest level since January, compared with a level of 52.6 points in July.
The economists had forecast only a slight decline in the index to 52 points.
Another data showed that the number of reported initial jobless claims stayed near a record low of more than four decades.
Market News Briefing – Aug 9th 2016 09:30 (GMT+1)
The trade deficit of the United Kingdom expanded in June to 12.5 billion pounds, versus 11.5 billion pounds in May.
The deficit was larger than forecast which stood at 9.6 billion pounds.
The industrial production in June rose by 1.6% (YoY) and -0.1% (MoM), in line with the early expectations.
The industrial output in June rose by 0.9% on an annualized basis, below the forecast of 1.3%.
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