China’s stocks fell the most in two weeks on slumping commodity prices and concern the government may step up measures to contain growth in housing and consumer prices after inflation accelerated to a two-year high last month.
Industrial and Commercial Bank of China Ltd. slid more than 2 percent after Bank of America Merrill Lynch Research [...]
Posts Tagged ‘consumers’
China’s Stocks Decline on Inflation Concern, Commodity Prices
November 11th, 2010 by Financial Writer
Tags: Bank Inflation, bank of china, borrowers, consumers, financial system, Global Economy, inflation, lenders, loans, real estate, stock market
more...China’s Inflation Accelerates to 4.4%, Fastest Pace in Two Years
November 10th, 2010 by Financial Writer
China’s inflation accelerated to the fastest pace in two years in October, building the case for the central bank to add to last month’s interest-rate increase.
Consumer prices rose 4.4 percent from a year earlier, boosted by food costs, a statistics bureau report showed in Beijing today. That was more than the 4 percent median forecast [...]
Tags: bank of china, central bank, Chinese economy, consumers, financial crisis, inflation
Dollar Near One-Week High Versus Euro on Bets Fed Easing to Revive Growth
October 26th, 2010 by Financial Writer
The dollar rose to a one-week high against the euro amid speculation more debt purchases by the Federal Reserve will help revive economic growth.
Australia’s dollar fell for a second day after the nation’s consumer prices rose by less than some economists had forecast, damping prospects the central bank will raise interest rates next month. New [...]
Tags: australians, central bank, commerce department, consumers, economic growth, european central bank, Global Economy, us economic
China’s consumer price index jump 3.5%
September 11th, 2010 by Financial Writer
China’s consumer price index in August jumped at its fastest rate in almost two years while all 39 of the country’s industries continued to grow, according to data posted Saturday.
Driven higher by China’s worst flooding in years, the consumer price index, a key inflation gauge, gained 3.5% from a year earlier and 0.2% from July, [...]
Tags: bank of china, Chinese economy, commercial industry, consumers, interest rates, wall street
South Korea’s Industrial Output Rises for 12th Month, Exceeding Forecasts
July 29th, 2010 by Financial Writer
South Korea’s industrial output rose more than forecast in June, expanding for a 12th month, showing resilience to risks from advanced economies and providing more reason to keep raising rates.
Output gained 16.9 percent from a year earlier, after rising a revised 21.7 percent in May, the statistics office said in Gwacheon today. That compared with [...]
Tags: borrowers, consumers, economic growth, economists, Global Financial, global financial crisis, interest rates, South Korean
U.S. Retailers’ Sales Rise at Fastest Pace in 4 Years
July 7th, 2010 by Financial Writer
U.S. retailers’ sales are growing at the fastest pace in four years, a sign consumers may be overcoming concern about unemployment and depressed home values.
Sales probably expanded at an average monthly rate of 4 percent in the first five months of the retail fiscal year that began Jan. 31, the biggest gain since 2006, the [...]
Tags: consumers, economist, financial system, investors, stock market, unemployment, us economy, us stocks
U.S. Economy: Private Payroll Growth Trails Forecasts
July 3rd, 2010 by Financial Writer
Private employers added fewer workers to payrolls in June than forecast, reinforcing concerns the recovery will weaken as Americans curtail spending.
Declines in the average workweek and hourly earnings make it more likely consumers will pull back, hurting sales at retailers including Best Buy Co. The report caps a month of data that points to weakness [...]
Tags: commerce department, consumers, debt crisis, economic recovery, economists, european economy, global market, home inventory, us economy
U.S. economic growth revised lower to 2.7% for first quarter
June 25th, 2010 by Financial Writer
The U.S. economy grew at a 2.7% pace in the first quarter, the Commerce Department said Friday, an annualized rate that came in lower than what government forecasters had previously projected.
Economists have never been too impressed with the composition of growth in gross domestic product in the first quarter. More than half of the GDP [...]
Tags: business investment, commerce department, consumers, economic growth, economists, economy recovery, financial, us economic, us economy
European surveys fuel growth slowdown fears
June 23rd, 2010 by Financial Writer
The durability of Europe’s recovery looked more doubtful on Wednesday after key business surveys showed dimming confidence about the prospects of economies that are pressing ahead with austerity measures.
Euro zone purchasing managers indexes showed private sector firms expanded at a slightly slower pace in June, but beneath the headline figures there was feeble demand for [...]
Tags: businesses, consumers, economists, european economy, financial crisis, financial markets, us treasury, wall street
Gold firms as risk-averse buyers exploit dip
June 11th, 2010 by Financial Writer
Gold rose above $1,220 an ounce in Europe on Friday as buyers took advantage of the previous session’s price retreat to buy into the market, with concerns over the economic recovery firmly underpinning prices.
Spot gold was bid at $1,223.55 an ounce at 1434 GMT, against $1,215.80 late in New York on Thursday. U.S. gold futures [...]
Tags: consumers, european economy, money, precious metal, stock market, us consumer, us retail sales, us stocks, wall street