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Author Archives: Top News Editor

U.S. Housing Market Index Jumps To 18-Year High In December

Partially reflecting new policies aimed at providing regulatory relief to the business community, the National Association of Home Builders released a report on Monday showing an unexpected jump in U.S. homebuilder confidence in the month of December. Read Full Story

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Australia Lowers Budget Deficit Projections

Australia’s government downgraded its budget deficit projection on higher corporate tax, while weak wage growth is forecast to weigh on income tax. The budget deficit for the fiscal year to June 2018 is seen at A$23.6 billion compared to the ...

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Russia Slashes Rate By 50 Bps; Signals More Reduction

Russia’s central bank slashed the benchmark rate by half a percentage point on Friday amid expectations for a quarter point reduction. Policymakers signaled further easing in the first half of 2018. The Board of Directors trimmed the key rate to ...

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Japanese Large Manufacturers’ Sentiment At 11-Year High

Confidence among large manufacturers increased for the fifth straight quarter to an 11-year high at the end of 2017, as strong exports and rising corporate profits underpin growth, a closely watched survey showed Friday. The large manufacturers’ sentiment index rose ...

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U.S. Weekly Jobless Claims Unexpectedly Drop To 225,000

First-time claims for U.S. unemployment benefits unexpectedly decreased in the week ended December 9th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims dropped to 225,000, a decrease of 11,000 from the ...

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