RTT - Economic News
Goldman Sachs Warns High Networth Clients Of Bitcoin Bubble
Tue, 23 Jan 2018 13:13:59 GMT
Global investment giant Goldman Sachs has warned its high networth clients that Bitcoin's price surge has pushed the virtual currency it into the bubble territory, that dwarfs the past bubbles in dot-com companies and tulip bulbs. Still worse, the price rise in Ether, the second largest cryptocurrency in market cap, dwarfs even Bitcoin's jump, the bank added in a client note.
UK Logs Smallest Budget Deficit For December Since 2000
Tue, 23 Jan 2018 12:51:13 GMT
The UK budget deficit was the smallest for the month of December in 17 years on credit from the EU and higher value-added tax. Public sector net borrowing excluding banks decreased by GBP 2.5 billion from the previous year to GBP 2.6 billion, which was the lowest December net borrowing since 2000, data from the Office for National Statistics showed Tuesday.
UK Manufacturing Activity Strengthens: CBI
Tue, 23 Jan 2018 12:05:44 GMT
Growth in manufacturing output and domestic and export orders picked up in three months to January, the Industrial Trends survey data from the Confederation of British Industry showed Tuesday.
S. Korean Banks To Start Issuing New Crypto Trading Accounts: Report
Tue, 23 Jan 2018 12:00:54 GMT
South Korean banks are set to issue new real-name accounts for cryptocurrency transactions next week, when a ban on virtual accounts would be implemented. Six South Korean banks will introduce a system of verifying crytpocurrency investors' identification next Tuesday, January 30, domestic news agency Yonhap reported, citing Kim Yong-beom, vice chairman of the Financial Services Commission.
German ZEW Economic Sentiment At 8-Month High
Tue, 23 Jan 2018 11:49:38 GMT
Germany's economic confidence improved to an eight-month high and the assessment of current situation hit a record in January, indicating an optimistic outlook for the economy in the first half of the year. The ZEW Indicator of Economic Sentiment rose three points to 20.4 in January, survey results from the Mannheim-based think tank ZEW showed Tuesday.
Lenders Report Increase In Eurozone Loan Demand: ECB Survey
Tue, 23 Jan 2018 10:57:15 GMT
Eurozone banks reported continued increase in loan demand across all categories in the fourth quarter, the bank lending survey from the European Central Bank showed Tuesday.
Croatia Jobless Rate At 8-Month High
Tue, 23 Jan 2018 10:38:45 GMT
Croatia's unemployment rate increased for the third straight month in December to the highest level in eight months, figures from the Croatian Bureau of Statistics showed Tuesday.
German Economic Confidence Improves In January
Tue, 23 Jan 2018 10:34:50 GMT
Germany's economic confidence improved in January, survey results from the Mannheim-based think tank ZEW showed Tuesday.
South Africa's Leading Index Remains Stable In November
Tue, 23 Jan 2018 10:13:25 GMT
South Africa's leading remained unchanged in November, after rising in the previous two months, data from the South African Reserve Bank showed Tuesday.
UK Budget Deficit Narrows In December
Tue, 23 Jan 2018 09:45:48 GMT
The UK budget deficit narrowed in December, data from the Office for National Statistics showed Tuesday.
Hong Kong Inflation Rises As Expected In December
Tue, 23 Jan 2018 09:35:58 GMT
Hong Kong's consumer price inflation accelerated for the third straight month in December, in line with expectations, figures from the Census and Statistics Department showed Tuesday.
Philippine GDP Logs Robust Growth In 2017
Tue, 23 Jan 2018 09:20:42 GMT
The Philippine economy expanded at a robust pace in 2017 to remain among one of the fastest growing economies in Asia. Gross domestic product advanced 6.7 percent in the whole year of 2017, the Philippine Statistics Authority showed Tuesday. However, the pace of growth slowed from 6.9 percent posted in 2016.
Taiwan Industrial Output Growth Slows In December
Tue, 23 Jan 2018 08:19:00 GMT
Taiwan's industrial output growth moderated at the end of the year, preliminary data from the Ministry of Economic Affairs showed Tuesday.
Denmark Consumer Confidence Strongest In 6 Months
Tue, 23 Jan 2018 07:53:33 GMT
Denmark's consumer confidence improved at the start of the year to the highest level in six months, survey figures from Statistics Denmark showed Tuesday.
Denmark Retail Sales Fall In December
Tue, 23 Jan 2018 07:39:00 GMT
Denmark's retail sales decreased in December after rebounding in the previous month, preliminary figures from Statistics Denmark showed Tuesday.
Turkey Consumer Confidence At 8-Month High
Tue, 23 Jan 2018 07:28:23 GMT
Turkey's consumer confidence strengthened in January to the strongest level in eight months, survey data from the Turkish Statistical Institute showed Tuesday.
European Economics Preview: Germany's Economic Sentiment Data Due
Tue, 23 Jan 2018 06:39:50 GMT
Economic confidence from Germany and public finance from the UK are due on Tuesday, headlining a light day for the European economic news.
Australia's Consumer Confidence Weakens
Tue, 23 Jan 2018 06:31:08 GMT
Australia's consumer confidence declined for the first time in four weeks during the week ended January 21, a weekly survey compiled by the ANZ bank and Roy Morgan Research showed Tuesday.
BoJ Keeps Stimulus Unchanged, Retains Inflation Forecast
Tue, 23 Jan 2018 06:07:07 GMT
The Bank of Japan maintained its aggressive monetary easing, as widely expected, and left its assessment of inflation and growth unchanged. Governor Haruhiko Kuroda and his board members decided by an 8-1 majority vote to hold its target of raising the amount of outstanding JGB holdings at an annual pace of about JPY 80 trillion, the bank said in a statement on Tuesday.
Singapore Inflation Eases More Than Expected In December
Tue, 23 Jan 2018 05:40:37 GMT
Singapore's consumer price inflation eased at a faster-than-expected pace in December, data from the Monetary Authority of Singapore and the Ministry of Trade and Industry showed Tuesday.
Japan All Industry Activity Rises More Than Forecast
Tue, 23 Jan 2018 05:16:40 GMT
Japan's all industry activity increased for the second straight month in November, and at a faster-than-expected pace, data from the Ministry of Economy, Trade and Industry showed Tuesday.
BoJ Keeps Monetary Policy Unchanged
Tue, 23 Jan 2018 04:07:15 GMT
The Bank of Japan kept its monetary stimulus unchanged as widely expected on Tuesday.
ARGENTINA: Merval Falls Slightly In Volatile Session
Tue, 23 Jan 2018 01:28:56 GMT
Merval, the main index of the Buenos Aires Stock Exchange, ended Monday's volatile session with a slight decrease of 0.10% at 33,558.08 points, while investors wait for the monetary policy decision by the country's central bank, expected Tuesday.
COLOMBIA: Colcap Trades 0.29% Higher Boosted By Ecopetrol
Mon, 22 Jan 2018 23:38:42 GMT
Colcap, the main index of the Colombian Stock Exchange, rose 0.29% near the end of Monday's trade, moving at 1,555.54 points, boosted by a rally in Ecopetrol's shares, amid higher oil prices, said Marcela Ram¡rez, an analyst at Acciones & Valores.
BRAZIL: Ibovespa Rise Boosted By External Flow
Mon, 22 Jan 2018 23:24:51 GMT
Ibovespa, the benchmark stock index in Brazil, rose 0.56% Monday to fresh record closing high of 81,675.42 points, driven by continued optimism in the external scenario. The gains were limited by the proximity of former Brazilian President Luiz Inacio Lula da Silva's trial on Wednesday.
COLOMBIA: Chief Negotiator Travels To Ecuador To Resume Ceasefire Talks
Mon, 22 Jan 2018 23:17:30 GMT
The Colombian government ordered the head of the negotiating team with the National Liberation Army (ELN), Gustavo Bell, back to Ecuador to explore the possibility of negotiating a new ceasefire with the guerrilla group and move ahead with peace talks.
New Zealand Services PMI Slows In December
Mon, 22 Jan 2018 22:45:06 GMT
The services sector in New Zealand continued to expand in December, albeit at a slightly slower pace, the latest survey from Business NZ showed on Tuesday with a Services PMI score of 56.0.
Bank Of Japan Rate Decision Due On Tuesday
Mon, 22 Jan 2018 22:30:06 GMT
The Bank of Japan will on Tuesday wrap up its monetary policy meeting and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity.
BRAZIL: Supreme Court Chairwoman Suspends Nomination To Labor Ministry
Mon, 22 Jan 2018 21:34:12 GMT
The Brazilian Supreme Court (STF) chairwoman, Justice Carmen L£cia, suspended the inauguration of the representative Cristiane Brasil as Minister of Labor.
MEXICO: Jobless Rate Falls To 3.4% In December From November
Mon, 22 Jan 2018 21:21:01 GMT
Mexico's unemployment rate slightly decreased to 3.4% of the economically active population in December, from 3.5% in November, according to the country's statistical agency.
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