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What to Expect This Week
Published: 3/6/2010 5:33:38 PM    By: TradingEconomics.com 

This week, in the United States, we should see a fall in initial jobless claims after better than expected nonfarm payrolls. Also, the U.S. trade deficit may narrow slightly in January as exports dropped less than imports. Still, retail sales is likely to be lower in February due to severe weather conditions.

In the Euro Area, investors should stay cautious on further developments on Greek austerity measures industrial. In terms of economic data, industrial production probably continued its upward trend in February. In Japan, the 4.6% GDP growth in Q4 may be revised slightly down.  In the United Kingdom, industrial production may record its first year-over-year gain since early 2008. Moreover, UK's trade deficit is expected to narrow as imports should be slower than in December. In Canada, we are looking for a small gain in payrolls and unemployment rate to stay at 8.3%. In Australia, after positive labor data in the last few months, unemployment rate may rise to 5.4%. In New Zealand, the Reserve Bank of New Zealand is likely to leave monetary policy unchanged. Also, the Swiss National Bank should not surprise us with interest rates changes. In China, industrial production and exports growth may slow down in February due to Lunar New Year holidays. Finally, Brazil will possibly record a sizable GDP growth in the fourth quarter.






Source: FOREXPROS.com



Global Economic News

New Zealand Keeps Rates Steady
Published: 3/10/2010 6:17:18 PM By: TradingEconomics.com, RBNZ

New Zealand’s central bank left interest rate unchanged and said it will wait until the middle of the year before raising cost of borrowing as falling house prices and weak consumer spending are contributing to a slow economic recovery.

China’s Exports Jump 45.7 Percent
Published: 3/10/2010 12:07:28 AM By: TradingEconomics.com, Bloomberg

China's exports grew strongly in February in a new sign of a rebound in global demand, government figures showed.

Swiss Inflation Picks up in January
Published: 3/9/2010 9:37:38 AM By: TradingEconomics.com, Reuters

Inflation in Switzerland accelerated in January by more than analysts had expected, a sign that the need for the Swiss National Bank's drastic anti-deflation measures is fading.

U.K. Trade Gap Widens
Published: 3/9/2010 9:33:26 AM By: TradingEconomics.com, WSJ

The U.K.'s global goods trade deficit in January widened unexpectedly to its largest level since August 2008 due to a sharp drop in exports, data from the Office for National Statistics showed.

Payrolls in U.S. Fell 36,000; Unemployment at 9.7%
Published: 3/5/2010 9:17:26 AM By: TradingEconomics.com, Bloomberg

The jobless rate in the U.S. held at 9.7 percent in February and employment declined less than forecast, even as severe winter weather forced some employers to temporarily close.

BOE Holds Bond Purchase Program at 200 Billion Pounds
Published: 3/4/2010 9:42:12 AM By: TradingEconomics.com, Bloomberg

The Bank of England kept its bond- purchase program on hold for a second month as policy makers assessed whether the 200 billion pounds ($302 billion) spent so far is enough to prevent a relapse in the economy.

ECB Keeps Key Rate at 1%
Published: 3/4/2010 9:37:58 AM By: TradingEconomics.com, Bloomberg

The European Central Bank left its benchmark interest rate at a record low as policy makers weigh the risks of withdrawing emergency lending measures amid Greece’s fiscal crisis.

Australia’s January Trade Deficit Narrows
Published: 3/3/2010 11:40:56 PM By: TradingEconomics.com, Bloomberg

Australia’s trade deficit narrowed in January to the smallest gap in seven months as exports of iron ore rose and imports of gasoline declined.

Recovery in Euro Area Seen Falling Behind Schedule
Published: 3/3/2010 5:44:02 PM By: Anna Fedec, contact@tradingecoomics.com

After promising data in the third quarter of 2009, the Euro Area economy expanded by only 0.1% in the last three months of last year. And if it wouldn't be for France's 0.6% growth, the common currency zone would most likely record a contraction.

Australia GDP Growth Accelerated to 0.9% Last Quarter
Published: 3/3/2010 11:21:13 AM By: TradingEconomics.com, Bloomberg

Australia’s economy grew last quarter at the fastest pace in almost two years, underscoring the central bank’s decision yesterday to boost borrowing costs for the fourth time in five meetings




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