Category: World Economy News

Services lead China’s growth

Services took a leading role in China’s economic growth, according to data released by the National Bureau of Statistics (NBS). Value-added in the service sector grew 8.2 percent in 2017 year on year, outstripping growth rate of the overall economic output and the secondary industries for the fifth year in a row. The production index […]

Why commodities and gold won’t protect you from inflation’s punch

If you’re tempted to invest in commodities as a hedge against inflation, beware. Commodities are such a minefield, you can be right and still lose money. The Labor Department’s early-February jobs report showed that inflationary pressures are building. More recently it reported that the Consumer Price Index rose a much-stronger-than-expected 0.5% in the latest month. […]

ECB sees market volatility contained to stocks – Coeure

The European Central Bank is not overly concerned by the recent bout of volatility in global markets as the adjustment has been orderly and the impact has been largely contained to equities, ECB board member Benoit Coeure said on Friday. Speaking to reporters in Skopje, Coeure said volatility was a fact of life and the […]

Germany Wholesale Price Inflation Accelerates In January

Germany’s wholesale price inflation accelerated slightly in January, after easing in the previous three months, data from Destatis showed Friday. Wholesale prices climbed 2.0 percent year-over-year in January, faster than the 1.8 percent rise in December. Prices of ores, metals and semi-finished metal products grew 5.8 percent annually in January and those of chemical products […]

U.S. Consumer Sentiment Rebounds in February

U.S. households’ confidence in the economic outlook rebounded this month, as a gauge of consumer sentiment hit its second-highest level since 2004. The University of Michigan on Friday said its consumer-sentiment index was 99.9 in February, up from 95.7 in January. Economists surveyed by The Wall Street Journal had expected a preliminary reading of 95.0 […]

Brexit Uncertainties Put $57 Billion Fund Off London Real Estate

A $57 billion Finnish fund that’s increasing its real estate holdings said there’s one market it’s definitely not touching, and that’s London. The simple reason behind that decision is Brexit, according to Mikko Mursula, the head of investments at Ilmarinen Mutual Pension Insurance Co. His team has opted to skip London opportunities it would once […]

BOJ’s Kuroda warns against premature plan of stimulus exit

Bank of Japan Governor Haruhiko Kuroda said on Friday the central bank should not prematurely announce plans for withdrawing its massive monetary stimulus as doing so could confuse markets. “When the time for an exit (from the ultra-easy policy) comes, the BOJ will communicate its intentions appropriately to ensure it doesn’t cause turbulence in markets,” […]

UK Retail Sales Post Weak Growth in January

U.K. retail sales grew only modestly in January, having posted a steep drop the previous month, new figures showed Friday, signaling weak consumer spending continued to weigh on the largely domestic-driven economy. The Office for National Statistics said sales grew by 0.1% on the month in January compared with a 1.4% monthly decline in December. […]