US: housing starts and permits drop for the second straight month
Saturday, December 19th, 2009by KBC Market Research Desk
KBC Bank
Archive for December, 2009
Europe Ahead: UK’s Retail Sales are expected to rise in October
Saturday, December 19th, 2009by ecPulse.com analysis team
ecPulse.com
The British economy showed improvement in the previous period, more specifically starting from the second quarter, but still there are some signs showing that the economy may suffer to escape the recession. The pace of contraction eased in the second quarter to 0.6% then 0.4% in the third quarter which is considered a progress compare with the 2.4% contraction witnessed in the first 3 months of the year.
UK retail sales beat estimates while budget deficit worsens
Saturday, December 19th, 2009by ecPulse.com analysis team
ecPulse.com
Britons are finally taking advantage of discounted merchandise, where they boosted retail sales. Today, we saw UK retail sales, on an annual basis, climbe to a 17-month high, while government budget deficits continue to be affected from the ongoing recession.
Concerns over capital flows reverberate around the markets
Saturday, December 19th, 2009
by Trade The News Staff
Trade The News
European Market Update: Concerns over capital flows reverberate around the markets; OECD raises its 2010 GDP forecast to +1.9% from +0.7% prior view from June
ECONOMIC DATA
- (RU) Russian Gold & Forex Reserves w/e Nov 13: $441.7B v $433.9B prior
GoldCore Update: Gold Back Near Record Nominal Highs in EUR and GBP
Saturday, December 19th, 2009by GoldCore Bullion Services Team
GoldCore
Gold
Gold reached new record nominal highs in dollars yesterday and reached $1,146/oz overnight and has since pulled back slightly. Gold is currently trading at $1,136/oz. In EUR and GBP terms it is trading at €764/oz and £680/oz respectively.
More Data from the U.S. Economy Should Signal Recovery is Undergoing
Saturday, December 19th, 2009
by ecPulse.com analysis team
ecPulse.com
The U.S. economy continues to show more mixed signals, as activity is yet to be fully restored in the world’s largest economy, where several sectors continue to show signs of stabilization, and accordingly sectors are still showing that the recovery will be bumpy. Meanwhile, more data will be released today from the United States, and expectations signal that recovery is still undergoing in most economic sectors.
London Gold Market Report
Saturday, December 19th, 2009by Adrian Ash
BullionVault.com
Gold Dip “Offers Buying Opportunity” as Zero Rates Seen Until End-2010
THE PRICE OF GOLD slipped early Thursday in London, losing almost 2% from yesterday’s new Dollar record as global stock markets also fell despite a report from the OECD which doubled 2010 growth forecasts for the world’s richest economies.
Fed officials see logical dollar trade off
Saturday, December 19th, 2009by Andrew Wilkinson
Interactive Brokers LLC
US Session News Summary
Saturday, December 19th, 2009by ecPulse.com analysis team
ecPulse.com
Canada Wholesales inclined
The Canadian economy released its Wholesales sales report, which inclined in the month of September to 0.2% from the previous -1.4% which was revised to -1.5%, beating markets expectations of 0.1%.
Canada Leading Indicator
Leading Index – Underscores U.S. Economy Will Continue to Grow
Saturday, December 19th, 2009
by Northern Trust Economic Research Department
Northern Trust
The Conference Board’s Index of Leading Economic Indicators rose 0.3% in October, after a 1.0% increase in the prior month. On a year-to-year basis, the leading index moved up 4.7% in the fourth quarter of 2009 (based on October data). The year-to-year change in the leading index has held in the positive territory for two consecutive quarters. Historical record of the leading index supports expectations of continued growth of real GDP in the near term.
