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

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 jumped to a maximum in more than a week amid closure of fields in Libya

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...

Canadian economy shows easing for the first time in 8 months

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 deal

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 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....

U.S. unemployment falls to 3.5%, wages gain steadily

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 filing applications 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 rises quicker than expected in November

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 grows after drawdown the previous days

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 optimism in US-China trade talks

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...

Former New York City Mayor Mike Bloomberg officially announces he's running for president

November 25, 2019

The billionaire former mayor of New York City Michael Bloomberg officially announced on Sunday that he was running for president in 2020 as a Democrat...

European markets lost growth after weak PMI

November 22, 2019

On Friday, European stock markets slowed earlier growth. It was caused by the publication of the weak preliminary business activity index (PMI) in the...

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