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Manufacturing sector growth slows in October
Reuters - Growth in U.S. factory activity slowed
more than expected in October, according to a survey published
on Wednesday.
European bourses hit by miners and banks
FT.com - European equities fell on Thursday after further evidence of a slowing US economy hit Wall Street indices.
Dollar rangebound ahead of payrolls
FT.com - The dollar remained rangebound in subdued trade on Friday ahead of the latest US employment data due for release later in the session. US non-farm payrolls are expected to rise by 125,000 in October but a weaker reading would put further pressure on the dollar and confirm recent data which suggests growth in the US economy is continuing to weaken.
September wholesale inventories rise 0.8 pct
Reuters - Inventories at U.S. wholesalers rose
by a larger-than-expected 0.8 percent in September, while sales
fell for the first time in nearly a year, the government said
on Thursday.
Fed's Bernanke: Money supply "unstable" forecaster
Reuters - The U.S. Federal Reserve continues
to monitor money supply gauges for clues on the economy even
though the measures are no longer reliable as forecasting tools
for economic growth or inflation, Fed Chairman Ben Bernanke
said on Friday.
Japan's economy expands on investment
AP - Japan's economy expanded for the seventh straight quarter, as surprisingly robust corporate investment boosted a boom that's becoming the nation's longest since World War II, according to government data released Tuesday.
Japan July-September GDP growth tops forecasts
Reuters - Japan's economy grew faster than expected
in the July-September quarter, data showed on Tuesday, boosting
bond yields on expectations that the Bank of Japan is on track
to raise interest rates by early next year.
PBGC reports deficit of $18.1 billion
AP - The federal agency that insures private pension plans for millions of Americans logged a deficit of $18.1 billion this year, a big improvement from last year as a new law helped to put the agency on better financial footing.
Weekly jobless claims fall
AP - The number of Americans filing claims for unemployment benefits dipped last week to the lowest level in a month, signaling that the labor market remains healthy in spite of the slowing economy.
Housing construction plunges in October
AP - Housing construction plunged to the lowest level in more than six years in October as the nation's once-booming housing market slowed further.
Tokyo stocks plumment on soft US data
FT.com - The Japanese stock market fell sharply on Monday, hit by concerns about the US economy and fears about forthcoming banking results.
France confirms economy's 3Q stagnation
AP - The French economy ground to a halt in the third quarter as exports slowed, the national statistics agency confirmed Tuesday.
German corporate optimism jumps unexpectedly
Reuters - German corporate sentiment unexpectedly
rose in November to equal a 15-year high as business
expectations and firms' assessment of current conditions
improved, a key survey showed on Thursday.
Euro hits highest level since April 2005
AFP - The dollar has fallen to a 19-month low of just over 1.31 to the euro on concerns about a slowdown in the US economy.
China policies will slow economic growth: report
Reuters - A think tank at People's University has
forecast China's economic growth will slow to about 9.25
percent in 2007 and remain near that rate through 2010, the
Beijing News reported on Sunday.
Paulson: need for greater China FX flexibility
Reuters - The United States needs greater foreign
exchange flexibility from China, U.S. Treasury Secretary Henry
Paulson said on Tuesday as the dollar continued its slide
against most major currencies.
U.S. mortgage applications fell in latest week: MBA
Reuters - Applications for U.S. home mortgages
fell last week with the number of business days truncated by
the U.S. Thanksgiving holiday, an industry group said on
Wednesday.
U.S. incomes, spending up in October
Reuters - U.S. incomes and spending rose in
October, providing the means for consumers to keep spending as
the holiday shopping season approached, while core consumer
prices rose modestly, the government reported on Thursday.
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