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Chinese factory sector growth steady in December, official PMI shows
China's manufacturing sector continued to expand at a steady pace at the end of 2019 with a gauge linked to new export orders revealing the first signs of growth since mid-2018.
Chicago area factory activity suprises to the upside in December
A slump in factory sector activity around the Chicago area eased more than expected at the end of the year, the results of a closely-followed survey revealed.
Russia to broach gradual exit from output curbs in 2020, Novak says
Russia will discuss the need for an exit from current oil output curbs during the coming year, the country's energy minister said in an interview.
US durable goods orders slump in November amid declines for defence
Orders in the US for goods made to last more than three years surprised sharply to the downside last month, amid a big drop in demand for military aircraft.
Week ahead: US data, global manufacturing in focus
A raft of economic data will be released over the coming week, despite the Christmas holidays, particularly Stateside.
US third quarter GDP growth unrevised at 2.1%
The pace of economic activity in the States picked up slightly in the third quarter, helped by a smaller drag from inventory building alongside stronger exports and residential fixed investment.
London close: Drop in Sterling limits weakness in shares
London equity markets finished on a mixed note on Tuesday, with domestic stocks under the cosh amid worries about a no-deal Brexit but losses on the top-flight index kept in check as the pound gave up its post-election gains.
US industrial production bounces back after strike action in auto sector
Industrial production in the US bounced back sharply last month, led by that of motor vehicles and parts, as activity in the sector recovered from two months of strike action by unions.
US housing starts jump past forecasts in November
A closely-followed gauge of activity in the US housing market accelerated noticeably last month, together with a pick-up in a key lead indicator for the sector.
BoE will cut rates twice in 2020, BofA says
Uncertainty around the future trading relationship between the UK and European Union will lead to two interest rate cuts by the Bank of England in 2020, a top-ranked research team said.
US homebuilder confidence at highest since June 1999
Homebuilder confidence in the States hit a more than two-decade high at the end of 2019, even as scarce labour and land continued to limit the supply of new homes.
US Empire State index edges higher in December
A closely-followed gauge of factory sector conditions in the jurisdiction of the Federal Reserve bank of New York improved slightly in December.
Fiscal watchdog ups borrowing forecasts by £20bn a year
The UK’s fiscal watchdog has increased its forecasts for annual borrowing by £20. 0bn a year, after changes to the way student loans are accounted for.
Trade talks have achieved 'major advance', China says
China confirmed that it has reached an agreement with Washington on a phase-one trade deal, including the roll-back of some US tariffs and the cancellation of the new duties that both sides had been preparing to impose on 15 December. The Wall Street Journal story on the China Deal is completely wrong, especially their statement on Tariffs. Fake News. They should find a better leaker! — Donald J. Trump (@realDonaldTrump) December 13, 2019.
US, China reportedly clinch phase-one trade deal
Negotiators from the US and China have inked the terms of a phase-one trade accord between the two countries, according to reports.
US wholesale inflation undershoots forecasts in November
Wholesale inflation in the US rose by less than expected last month amid a downdraft in the cost of services, but some economists cautioned that the underlying trends were not quite as weak as the headline readings.
Trump and top advisers to discuss China trade tariffs on Thursday
The US President and his top councillors on economic and trade issues will meet on Thursday to analyse whether or not to proceed with fresh trade tariffs on nearly $160. 0bn-worth of Chinese exports on 15 December.
ECB keeps interest rates and pace of QE unchanged, as expected
The European Central Bank kept all its main policy settings unchanged, issuing a statement identical to that published after the governing council's previous meeting.
US Fed keeps rates unchanged, says inflation below target
Policymakers at the US Federal Reserve voted unanimously on Wednesday to keep policy unchanged, nodding to still "solid" labour market conditions, but pointing out that business fixed investment and exports remained weak and that its prefered measure of inflation continued to run below target.
US November CPI edges past forecasts on energy price gains
Higher energy prices last month saw the cost of living in the US accelerate last month to a one-year high.