Wholesale inventories up 0.3% in January, but sales fall 3.1%

(Reuters) – U.S. wholesale inventories unexpectedly rose in January as sales recorded their biggest decline since 2009, pushing the number of months it would take to clear warehouses to its highest level in more than 5-1/2 years. Economic growth in recent months has been slowed by harsh winter weather as well as a now-settled labor dispute at West Coast ports and weak growth in China and Europe…

G20 leaders back currency depreciation to boost growth

ISTANBUL—The world’s top finance leaders on Tuesday in effect backed currency depreciation as a tool for promoting growth by signaling strong support for aggressive easy-money policies aimed at boosting the fragile global economy. The support by finance ministers and central bankers from the Group of 20 largest economies for mass monetary easing…

BOE minutes show officials concerned about slowing global economy

LONDON— Bank of England officials grew gloomier about the U.K.’s economic prospects in October, citing increasing headwinds from overseas and a slowdown at home, according to minutes of this month’s policy meeting published Wednesday….

June auto sales, jobs data expected to show U.S. economy rebounding

(Reuters) – The United States can firmly consign its weather-beaten start to the year to history this week with June vehicle sales and jobs data expected to show a strong end to the second quarter. The U.S. economy contracted at a 2.9 percent annual rate, the sharpest decline in five years, in the Jan-March period, figures showed last Wednesday…

U.S. durable goods orders drop 1.0%, driven by pullback in military spending

WASHINGTON—A pullback in military spending dragged down overall orders for big-ticket items from U.S. factories in May, but underlying readings showed business spending picking up from its winter slump. Demand for durable goods—products such as cars and refrigerators that are designed to last at least three years…

U.S. flash services PMI hit 61.2 in June, fastest pace in 4-1/2 years: Markit

(Reuters) – The U.S. services sector expanded in June at the fastest pace in at least 4-1/2 years, pushed higher by increasing business activity, a survey showed on Wednesday. Financial data firm Markit said its “flash” services Purchasing Managers Index hit 61.2 in June, the highest reading since the survey began in October 2009…

China’s factory activity hits 5-month high in May, while euro zone slows

(Reuters) – Signs of an economic revival in China have raised hopes that Beijing’s targeted measures to bolster growth are having an impact but a slowdown in the euro zone will increase expectations of policy easing there…

Emerging Asian economies to see steady, low growth: Reuters poll

(Reuters) – Growth in emerging Asian countries will be lackluster this year and contribute less to the global economy, despite signs of recovery in the region’s major trading partners in the West, Reuters polls showed on Friday. Much will depend on how China – the world’s second-largest economy – performs…

U.S. GDP grows by 3.2% in 4th quarter, in line with expectations

The U.S. economy grew at a 3.2 percent annual rate in the October-December quarter on the strength of the strongest consumer spending in three years, an encouraging sign for 2014. The fourth-quarter increase followed a 4.1 percent growth rate in the July-September quarter…

Daily Forex Market Review 01/17/14 (+80 pips)

Today’s Trade Result: +80 pips July 2013: +160 pips June 2013: +336 pips May 2013: -50.5 pips April 2013: +851.5 pips March 2013: +327.5 pips February 2013: +127.5 pips January 2013: +1107.5 pips December 2012: +29 pips November 2012: +35.5 pips October 2012: +259.5 pips September 2012: +112.5 pips August 2012: +365.5 pips July 2012: […]

U.S. economy continue to grow at a moderate pace: Fed’s Beige Book

(Reuters) – The U.S. economy continued to grow at a moderate pace from late November through the end of 2013, with some regions of the country expecting a pick-up in growth, the Federal Reserve said on Wednesday…

Wall Street turns focus on U.S. bank earnings

(Reuters) – A more robust U.S. economy could lift 2014 profits and boost corporate spending, giving some comfort to investors worried about bloated stock prices…

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