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French Economy Grows 0.7 Percent in 3Q
AP - France's economic growth accelerated in the third quarter as a rebound in exports and consumer spending helped lift gross domestic product after an anemic second quarter.
Home loan applications fall 4th straight week
Reuters - U.S. mortgage applications fell for a
fourth straight week as a robust rebound in loan refinancings
failed to lift activity from more than a 3-1/2-year low, an
industry trade group said on Wednesday.
New jobless claims fall to 5-year low
Reuters - The number of U.S. workers filing
new claims for unemployment aid plunged by an unexpectedly
large 35,000 last week to the lowest level in more than five
years, a government report showed on Thursday.
US employment up 108,000 in December
FT.com - The US economy produced an extra 108,000 jobs in December, a solid rate of growth but less than financial markets had been expecting.
BOJ's Fukui sees little yen volatility
Reuters - Bank of Japan Governor Toshihiko Fukui
said on Sunday he did not see too much volatility in the yen
currency but saw some unwinding of carry trades.
China revises 2004 GDP growth to 10.1 pct
Reuters - China has revised its gross domestic
product growth for 2004 to 10.1 percent, in line with a recent
upward revision of the size of the economy, the National Bureau
of Statistics said on Monday.
Survey: German Economic Outlook Improving
AP - German finance professionals expressed more optimism about growth in Europe's largest economy because of increased foreign demand for domestic goods, a research group's latest survey released Tuesday showed.
EPA Seeks Changes to Gas Mileage Testing
AP - Answering complaints from consumers that cars get fewer miles per gallon than advertised, the government is proposing changes in the way gas mileage is tested.
Trade Deficit Narrows, Jobless Claims Up
AP - The U.S. trade deficit improved slightly in November but was still the third highest on record as imports of foreign cars hit an all-time high and America's foreign oil bill remained near record levels. The politically sensitive deficit with China narrowed modestly as shipments of Chinese toys, clothing and other consumer products fell.
Wholesale Inflation, Retail Sales Climb
AP - Soaring gasoline costs pushed inflation at the wholesale level up sharply in December, ending a year in which wholesale inflation rose at the fastest pace since 1990.
Fed watching, after easy 18 months, to get tougher
Reuters - After months of explicit guidance on
interest rates, the Federal Reserve is about to get a lot more
cagey, and markets are already on edge.
Greenspan plans to hit speaker circuit: report
Reuters - Alan Greenspan will join the jet-set
speakers' circuit when he steps down as chairman of the U.S.
Federal Reserve later this month, the Financial Times reported
on Monday.
Industrial Production Posts Solid Gain
AP - The nation's industrial output posted a solid increase in December as recovery in production of Gulf Coast oil and gas wells offset a slump in auto manufacturing.
US chain store sales rose in latest week: Redbook
Reuters - U.S. chain store sales rose in the
second week of January as consumers continued to purchase
seasonal merchandise, a report said on Wednesday.
Housing starts, permits drop in December
Reuters - U.S. housing starts fell 8.9 percent
in December as single-family house construction tumbled,
offsetting an increase in groundbreaking on multifamily units
and pointing to further cooling after a five-year boom, a
government report showed on Thursday.
Fed clarity to keep improving with Bernanke: Lacker
Reuters - Fed chairman-nominee Ben
Bernanke will maintain the shift toward greater transparency in
policy at the U.S. central bank, Richmond Federal Reserve
President Jeffrey Lacker said on Friday.
India growth to be higher than estimate
Reuters - Indian Finance Minister
Palaniappan Chidambaram said on Sunday economic growth for the
fiscal year ending March is likely to be higher than the
earlier estimate of 7 percent.
Dollar strikes four-month low against euro
AFP - The dollar hit its lowest point against the euro for more than four months on concern about the strength of the US economy and anticipation of an end soon to US rate rises.
Russia Posts 6 Percent GDP Growth in 2005
AP - Russia's gross domestic product grew by 6 percent in 2005, the head of the Federal State Statistics Service said Tuesday.
China's Economy Grew 9.9 Percent in 2005
AP - China's economy expanded by a stunning 9.9 percent in 2005 according to data released Wednesday that suggests it may now rank fourth-biggest in the world.
German Group Forecasts 2006 Economic Growth
AP - A German industry group said Thursday that the German economy will grow by between 1.5 percent and 1.8 percent this year, a prediction that exceeded a cautious government forecast.
Dec new home sales climb; record sales in 2005
Reuters - Sales of new U.S. homes expectedly
rose 2.9 percent in December as mortgage rates dipped, but home
prices fell for a third month and the number of houses on the
market hit a record, according to a government report on
Friday.
US Trsy says GDP data out of step with economy
Reuters - Slower-than-expected U.S.
growth data at the end of 2005 do not accurately reflect the
continued strength of the world's biggest economy, U.S. Deputy
Treasury Secretary Robert Kimmitt said on Saturday.
Philippine Economic Growth Slowed in 2005
AP - Philippine economic growth slowed to 5.1 percent last year from 6 percent in 2004, with the manufacturing sector posting its strongest growth since the Asian financial crisis, the government said Monday.
What the Fed is considering at Tuesday's meeting
Reuters - Federal Reserve officials sit down on
Tuesday to discuss, and mostly likely agree on, raising
interest rates for the 14th straight time, but what they say
about future moves will not be as straightforward.
U.S. chain store sales dropped last week: ICSC
Reuters - U.S. chain store sales fell last week,
posting their second pronounced weekly decline in a month,
according to a report on Tuesday.
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