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Home-price appreciation steady in 4Q
AP - The rate of increase in U.S. home prices remained steady in the fourth quarter of 2006, extending the slowing trend that began earlier in the year, federal regulators reported Thursday.
Treasury chief feeling good about economy
Reuters - U.S. Treasury Secretary Henry
Paulson on Sunday said he feels good about the U.S. economy and
does not see the country slipping into recession.
Premier says China to focus on the poor
AP - China's government announced hefty spending increases Monday to boost incomes and improve social services for the urban poor and the lagging, restive countryside this year while guiding the booming economy to more stable growth.
Jan factory orders fall 5.6 pct
Reuters - New orders at U.S. factories tumbled
by a greater-than-expected 5.6 percent in January, the biggest
decline in more than six years, on a big drop in aircraft
orders, a Commerce Department report showed on Tuesday.
Tokyo stocks fall on concerns over US
FT.com - Japan's main stock indices ended mildly down on Wednesday, hit by continuing fears over the US economy.
Jobless claims dip ahead of jobs report
Reuters - Workers filing for initial
unemployment benefits fell 10,000 to a seasonally adjusted
328,000 last week, a government report said, to a slightly
lower level than Wall Street expected.
US generates 97,000 jobs in February
AFP - The US economy generated 97,000 jobs in February after a revised gain of 146,000 in January, the Labor Department reported Friday. The unemployment rate eased slightly to 4.5 percent.
Big trade surplus overshadows China reform pledge
Reuters - China pledged on Monday that 2007 would
be another year of extensive financial reform but said there
was no quick way to bring down its record trade surplus.
U.S. CEOs see improved economic growth: survey
Reuters - Small and mid-sized companies are
optimistic about the U.S. economy's prospects in 2007 on the
back of brisk first-quarter sales and increased revenue,
according to a survey released on Tuesday.
Trade deficit sets record for 5th year
AP - The deficit in the broadest measure of trade set a record for the fifth consecutive year even though the imbalance in the final three months of 2006 shrank, reflecting a lower foreign oil bill.
Mortgage malaise may bring recession: Merrill
Reuters - House prices could tumble 10 percent
this year and force the United States into recession if a
credit crunch taking shape in the mortgage market gathers
steam, Merrill Lynch said in research notes this week.
Industrial output rose 1.0 pct in February
Reuters - U.S. industrial output posted its
biggest gain in more than a year, rising a much
larger-than-expected 1.0 percent in February, fueled by motor
vehicles, high-tech and utilities, a government report said on
Friday.
Conflicting economic signals create dilemma for Fed
AFP - Mixed signals on the US economy have put the Federal Reserve in a quandary as it tries to steer monetary policy amid fresh inflation concerns but also a slumping housing market, analysts say.
Homes picture mixed after starts data
Reuters - The pace of U.S. home construction
rose a sharp 9 percent in February but permits for future
building slid, according to data on Tuesday that shed little
light on whether the housing market was stabilizing.
With new message, Fed signals US economy still on track: analysts
AFP - The Federal Reserve held a key interest rate steady Wednesday and largely brushed off fears about a downward spiral in the US economy, but also appeared to step back from a threatened rate hike.
Leading indicators slip 0.5 percent
AP - An index of future economic growth weakened for the second straight month in February, hobbled by sluggish manufacturing and weakness throughout the housing industry.
Existing home sales rise in February
AP - Sales of existing homes unexpectedly rose in February by the largest amount in nearly three years, but analysts expressed fears that the recovery for the battered housing industry will be slowed by spreading troubles in mortgage lending.
New home sales fall 3.9 pct in February
Reuters - Sales of new U.S. homes fell 3.9
percent in February to the lowest rate in nearly seven years
while the number of new homes on the market grew, according to
a government report on Monday that showed more signs of
weakness in the housing sector.
Euro boosted by German business outlook
FT.com - The euro was boosted on Tuesday after Germany's Ifo index of business sentiment rose unexpectedly in March, while weakness in the US economy left the dollar under pressure.
Stronger yen hits Tokyo shares
FT.com - Shares of heavy exporters fell in response to a stronger yen and fears about the US economy, depressing the Japanese market on Wednesday afternoon.
US economic growth better than expected
FT.com - The US economy grew at faster pace than previously thought last quarter, according to government figures.
March consumer sentiment at 6-month low: UMich
Reuters - Consumer sentiment fell in March to
its lowest in six months as worries about rising prices and
slowing income gains weighed amid an uncertain outlook for the
economy, a survey showed on Friday.
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