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Chinese Economy Grows Faster Than Expected in Fourth Quarter, Shares Rise
Friday, January 18, 2013 - 7:56am | 400China reported late Thursday that the economy expanded at a faster rate than expected in the fourth quarter, positive signs for both the domestic and world economy. The National Bureau of Statistics in China reported that the economy grew at an annualized rate of 7.9 percent in the fourth quarter,...
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Benzinga Market Primer: Friday, January 18
Friday, January 18, 2013 - 7:26am | 836Futures Rise on Strong Chinese GDP U.S. equity futures rose slightly overnight following the release of China's fourth quarter GDP. The National Statistics Bureau reported that fourth quarter GDP rose at an annualized rate of 7.9 percent, better than the 7.8 percent forecast by economists and...
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Benzinga Market Primer: Monday, January 14
Monday, January 14, 2013 - 7:43am | 791Futures Rise on Chinese Strength, Stimulus Hopes U.S. equity futures rose slightly in early Monday trade following news out of China that Chinese authorities will now allow direct investment of foreigners in stocks, bonds, and other financial assets. The news is just another step in China's...
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Benzinga Market Primer, Wednesday, December 12: FOMC Edition
Wednesday, December 12, 2012 - 7:19am | 859Futures Rise Ahead of Fed U.S. equity futures rose in pre-market trading ahead of the FOMC rate decision. Also, Fiscal Cliff talks seem to be progressing and Democrats are willing to discuss completely rewriting the tax code, a key point of the Republican caucus. However, such a move might delay...
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Futures Flat After Strong Chinese Data
Friday, November 9, 2012 - 7:18am | 860U.S. equity futures were flat in pre-market trading for the third straight day despite stronger than expected industrial production data from China, a proxy for growth. The National Bureau of Statistics in China reported that industrial production grew at an annualized rate of 9.6 percent, better...
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Benzinga Market Primer, Monday September 10
Monday, September 10, 2012 - 7:55am | 619U.S. equity futures fell in early Monday trading as new reports showed that global growth continued to slow despite efforts from global central banks to stimulate the economy. Chinese trade and industrial output slipped in August and Japanese GDP growth for the second quarter was confirmed at half...
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Chinese Inflation, Industrial Production Fall in July
Thursday, August 9, 2012 - 8:34am | 524New data released late Wednesday and early Thursday from China pointed to a continued slowdown in the Chinese economy. Inflation slowed, industrial production fell and retail sales missed estimates pointing to a protracted slowdown in what is supposed to be the growth hub of the world. Industrial...
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British Industrial, Manufacturing Production Fall
Tuesday, August 7, 2012 - 10:59am | 307England's economy showed further signs of recession on Tuesday, as economic data showed that industrial production and manufacturing production both fell in June. The data might be weak as factories shut down for the London Olympic Games, and there could have been some seasonal factors such as...
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European Economic Indicators Point to Protracted Slowdown
Tuesday, August 7, 2012 - 8:44am | 440Economic indicators in Europe released Tuesday pointed to a continued slowdown in the continent as Italy slipped further into a recession. However, most of the data points are lagging indicators and European Central Bank President Mario Draghi is preparing to launch a new stimulus plan aimed at...
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U.S. Industrial Production Resumes Growth
Tuesday, August 16, 2011 - 9:53am | 349The Federal Reserve released its monthly report on industrial production this morning, with the following highlights: 1. At an index level of 94.2, industrial production in July was at the highest monthly level since August of 2008, almost three years ago (see chart above). 2. Over the last year...
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Stagflation Ravaging the UK, Sign of Whats to Come for US?
Wednesday, June 15, 2011 - 12:04pm | 415For May, Jobless claims in the United Kingdom rose 19,600. That comes after a jump of 16,900 in April, according to Bloomberg. Most alarming is how sharply the data caught economists off guard. Bloomberg surveyed 22 economists and found that the median expectation was an increase of 6,500. The...
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Economic Numbers Due Out Later
Wednesday, December 15, 2010 - 9:21am | 139There is a slew of economic numbers due out today before the bell and right into the start of trading. The numbers are led by CPI and industrial production. At 8:30, the November CPI is expected to show a rise of 0.2%. Core CPI is expected to show a rise of 0.1%. Empire Manufacturing for November...
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April Industrial Production Higher
Friday, May 14, 2010 - 9:21am | 116April Industrial Production was just issued and the numbers are promising, rising 0.8% during the month. The Federal Reserve previously said that production grew 0.2% in March. The rates of change for both January and March were revised up, but the rate of change for February was revised down;...