Economic News

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

This Week News

The ECB expects the completion of the coronavirus epidemic will lead to a significant revival of the eurozone economy

February 21, 2020

Philip Lane, chief economist at the European Central Bank (ECB), said that the spread of the coronavirus Covid-19 is the central agenda for the Centra...

Gold has risen to a high in 7 years

February 20, 2020

Gold prices rose to a maximum in 7 years due to fears that an outbreak of coronavirus will slow down global growth, as well as amid rumors that the US...

UK annual inflation accelerates to 1.8% in January

February 19, 2020

According to the Office of National Statistics (ONS), inflation in Great Britain accelerated in January to 1.8% from 1.3% in December in annual terms,...

Apple shares down 3.6%

February 18, 2020

Stock prices of the American company Apple Inc are reduced today by 3.6% during preliminary trading. Even earlier, the stock drop exceeded 4%. The Nas...

Japan's GDP in the IV quarter fell at the fastest rate since 2014

February 17, 2020

In the fourth quarter of 2019, Japan's GDP fell by 6.3% year on year after increasing the consumption tax in the country. Such rates of decline became...

US industrial production in January fell by 0.3%

February 14, 2020

According to the US Federal Reserve, the volume of industrial production in the United States in January decreased by 0.3% compared to the previous mo...

US annual inflation accelerates to 2.5% in January

February 13, 2020

According to the US Labor Department, consumer prices in the US in January rose 2.5% year on year, and on a monthly basis inflation was 0.1%. Experts ...

China maintains its goal of GDP growth despite coronavirus exposure

February 12, 2020

Deputy head of the PRC Academy of Social Sciences Cai Fan said that China will be able to achieve its long-term goal of doubling GDP and income this y...

UK economy showed zero growth in the IV quarter

February 11, 2020

The UK economy showed zero growth in the last quarter of 2019. According to preliminary data from the National Statistical Office (ONS), GDP in Octobe...

Gold rises in price, the market estimates the economic damage from the coronavirus

February 10, 2020

Today, Gold quotes rose to a week maximum, reaching $1,580 per troy ounce. The precious metal is getting more expensive as rising concerns about the e...

The number of applications for unemployment benefits in the US fell to a minimum since April

February 07, 2020

According to the U.S. Department of Labor, the number of Americans applying for unemployment benefits for the first time fell by 15 thousand to 202 th...

OPEC + committee proposes a stronger reduction in production due to coronavirus

February 06, 2020

The OPEC+ Technical Committee recommended that the organization’s member countries reduce oil production by another 600 thousand barrels per day in ...

Retail sales in the eurozone in December fell 1.6%, worse than forecast

February 05, 2020

According to the European statistical agency Eurostat, retail sales in the eurozone in December fell by 1.6% compared with November. Analysts had expe...

Boris Johnson does not want to accept EU standards

February 04, 2020

The sterling lost more than 1% after British Prime Minister Boris Johnson said he would not accept EU standards as the price for securing a free trade...

The index of business activity in the manufacturing sector in Germany in January amounted to 45.3

February 03, 2020

According to the final data of the research organization IHS Markit, the index of business activity in the manufacturing sector of Germany (PMI Manufa...

Annual inflation in the Euro zone accelerated to 1.4 in January%

January 31, 2020

According to the European statistical Agency Eurostat, annual inflation in the 19 countries of the Eurozone in January, according to a preliminary est...

Interest rates left at 0.75% amid signs of rebound for UK economy

January 30, 2020

Today, the Bank of England held a meeting, at which left rates unchanged at 0.75%. Representatives of the Central Bank noted that there is no need for...

Germany raises 2020 growth forecast slightly to 1.1%

January 29, 2020

The German government raised its forecast for GDP growth for 2020 and promised to create all conditions for the influx of investments into the country...

OPEC wants to extend production cuts until June due to virus in China

January 28, 2020

OPEC representatives said the organization is ready to extend the current decline in oil production until June, if the spread of the new coronavirus s...

Experts: China's GDP growth in I quarter may slow down below 6% due to the outbreak of pneumonia

January 27, 2020

Experts note that due to the outbreak of pneumonia in China, the growth rate of the Chinese economy may slow down below 6% in the first quarter of 202...

Eurozone business activity index unchanged in January

January 24, 2020

According to preliminary data from the Markit Economics Research Organization, the composite index of business activity in industry and services (PMI)...

ECB holds rates unchanged

January 23, 2020

Today, the European Central Bank (ECB) held a meeting, following which the regulator left key interest rates at the same levels, and began reviewing i...

US intends to cut a middle-class tax

January 22, 2020

During an interview with The Wall Street Journal at the World Economic Forum in Davos, U.S. President Donald Trump said his administration is working ...

Global stocks fall amid fears of new virus in China

January 21, 2020

Chinese and European stocks show a decline amid concerns about the spread of a new coronavirus in China. The virus, which broke out at the beginning o...

Oil prices jump as Libyan pipeline shutdown cripples output

January 20, 2020

The price of oil today rose to more than a weekly maximum after the shutdown in two large fields in Libya, which could drastically reduce supplies fro...

China’s GDP grows at slowest pace in 29 years

January 17, 2020

According to the official forecast of the National Bureau of Statistics of China, GDP growth in the IV quarter of 2019 amounted to 6.0% in annual term...

U.S. and China sign phase one of trade deal

January 16, 2020

The ceremony of signing the agreement on the first phase of the trade dispute between the US and China took place last night. US President Donald Trum...

German inflation accelerates to 1.5% in December

January 16, 2020

According to the Federal Statistical Office of Germany (Destatis), consumer prices, calculated according to national standards, increased by 1.5% in D...

Eurozone industrial production rose 0.2% in November

January 15, 2020

According to Eurostat data, Eurozone industrial production rose in November for the first time in three months.Industrial production rose 0.2% in Nove...

US consumer prices increase by 2.3% in December

January 14, 2020

According to the US Labor Department, consumer prices in December rose 2.3% year-on-year; on a monthly basis, inflation was 0.2%. The annual indicator...

UK industrial production drops 1.2% in November

January 13, 2020

According to the UK Office for National Statistics, industrial production in the country in November fell by 1.2% compared to October. In annual terms...

U.S. job growth slows in December, unemployment rate steady at 3.5%

January 10, 2020

According to the Labor Department data, the U.S. economy has shown less job growth outside the agricultural sector (Nonfarm Payrolls), as the jobs mar...

U.S. weekly jobless claims fall, ranks of unemployed swelling

January 09, 2020

According to the US Department of Labor, the number of Americans applying for unemployment benefits for the first time fell to the lowest level in 5 w...

US Senate Profile Committee approves USMCA Trade Agreement

January 08, 2020

The United States Senate Committee on Finance has approved the U.S.-Mexico-Canada Trade Agreement Implementation Act (USMCA). The document was adopted...

Gold rolled back from seven-year highs

January 07, 2020

On Tuesday, the price of gold in Asia fell back from seven-year highs in the $1,582.59 area after tensions in the Middle East declined slightly. Earli...

Eurozone investor sentiment jumps to the highest since November 2018

January 06, 2020

According to Sentix Research Center, investor sentiment in the eurozone improved in January for the third month in a row. Moreover, the current mood i...

Experts predict global economic growth in 2020

December 31, 2019

Analysts positively assess the prospects for the development of the global economy in 2020.Economists expect the active phase of the US-China trade wa...

Beijing authorities urged to abandon cryptocurrency trading

December 30, 2019

Several municipalities in Beijing, including the Financial Supervision and Administration Service, the People’s Bank of China Business Administratio...

Russian authorities are considering the possibility of exit from the OPEC +

December 27, 2019

The head of the Ministry of Energy of the Russian Federation, Alexander Novak, said that the Russian authorities will soon consider the issue of a pos...

Oil is on the way to new highs

December 26, 2019

Oil prices continue their upward movement. Growth is supported by expectations of a Washington and Beijing trade deal, as well as data on a decrease i...

China says it is in close touch with U.S. on trade deal

December 25, 2019

US President Donald Trump and President Xi Jinping of China announced that the first phase of a comprehensive trade agreement has already been conclud...

Canada's GDP falls 0.1 per cent in October

December 24, 2019

Canada's economic indicators unexpectedly fell in October amid a sharp decline in manufacturing and retail sales.According to Statistics Canada data, ...

Gold rises weakly in anticipation of details of the trade agreement

December 23, 2019

The price of gold is growing slightly on Monday, market participants are waiting for further news from the front of the trade war. The cost of the Feb...

US Commerce Department maintains estimate of country's GDP growth in Q3 at 2.1%

December 20, 2019

According to the third and final estimate of the US Commerce Department, real gross domestic product (GDP) increased at a 2.1% rate. The indicator coi...

China exempts a number of American goods from duties

December 19, 2019

After the United States and China announced the conclusion of the first phase of trade deal, Beijing unveiled a new list of exempted from duties goods...

Kazimir: Weak eurozone growth could last for years

December 18, 2019

European Central Bank Governing Council member Peter Kazimir said, that the eurozone economy may remain weak until the block solves a number of struct...

The price of palladium topped $2 thousand per ounce

December 17, 2019

The cost of palladium today set a new historical record, exceeding $2 thousand per troy ounce.The price of the metall in the morning hours reached $20...

UK business activity drops to a low since July 2016

December 16, 2019

According to the IHS Markit, business activity in the UK economy declined for the second month in a row in December, with the recession being the shar...

Trump may become the third US president impeached

December 16, 2019

This week U.S. President Republican Donald Trump is likely to become the third U.S. president faced with the impeachment. Previously, Andrew Johnson a...

China and US negotiate ahead of new round of tariffs

December 12, 2019

The Chinese Ministry of Commerce said today that Beijing and Washington are in close contact on a further trade agreement. At the same time, the Minis...

US inflation firms in November

December 11, 2019

According to the Labor Department, U.S. consumer prices increased solidly in November by 2.1% compared with the same month the previous year. Thus, in...

Oil prices are in the red amid worries about a trade war

December 10, 2019

Oil prices continue to decline on Tuesday, as concerns over slowing demand outweighed optimism after reaching an OPEC + agreement to increase producti...

German exports rose unexpectedly in October by 1.2%

December 09, 2019

According to the Federal Statistical Office data, exports from Germany rose in October by 1.2% compared to September. Import figures have not changed....

Strong labor market report pushes the dollar up

December 06, 2019

According to the US Department of Labor, US unemployment in November fell to 3.5%, the lowest level since December 1969. October indicator was fixed a...

The number of initial claims for unemployment benefits in the US fell by 10 thousand

December 05, 2019

According to the report of the US Department of Labor, the number of Americans filing applications for unemployment benefits unexpectedly fell last we...

U.S. private sector job growth slows down sharply in November

December 04, 2019

According to the press release from the analytical company Automatic Data Processing (ADP), U.S. private-sector employment increased only 67,000 in No...

Trump: The deal with China will have to wait until the 2020 elections

December 03, 2019

U.S. President Donald Trump noted that he could postpone the signing of a trade agreement with China for an indefinite period, until the US presidenti...

China imposed sanctions against a number of US organizations

December 02, 2019

According to a statement by representatives of the Ministry of Foreign Affairs of the People's Republic of China, the Chinese authorities imposed sanc...

Eurozone inflation rebounds more than expected

November 29, 2019

According to preliminary estimates of European statistical agency Eurostat, annual inflation in 19 countries of the Eurozone in November jumped to 1% ...

Bitcoin Price rose up to $7500 after a drawdown

November 28, 2019

After a drawdown amid the news about the hacking of the Upbit exchange, the price of bitcoin showed a sharp increase. The current cryptocurrency quote...

US GDP growth revised up to 2.1%

November 27, 2019

According to the press release from the US Department of Commerce, the US economy grew at a 2.1% annual pace in the III quarter, which exceeded foreca...

Oil gains on trade-talk optimism

November 26, 2019

According to trading data, world oil prices began to rise today amid optimism around the prospects for trade relations between the US and China. Addit...

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