NJ weekend forecast promises ideal beach weather at the Jersey Shore
Atlantic City, NJ – The sun will take center stage this weekend at the Jersey Shore, setting up a stretch of weather made for boardwalk strolls, beach chairs, and ocean dips. Today…
Appliance maker Whirlpool’s 2023 profit forecast beats expectations
(Reuters) – U.S. home appliances maker Whirlpool Corp forecast full-year profit above Wall Street estimates on Monday, helped by cost cuts and easing raw material prices. Shares of the appliance maker were…
Ireland sees lower than forecast inflation in 2023
DUBLIN (Reuters) – Ireland’s finance department said inflation is expected to be lower this year than the 7.1% rate it forecast last September, with a significant easing anticipated from the second quarter…
Nidec shares slide 7% after profit forecast cut
TOKYO (Reuters) – Shares in Japan’s Nidec Corp slumped as much as 7% on Wednesday morning in Tokyo after the electric motor maker nearly halved its full-year profit forecast on a slow…
Thai Dec exports fall 14.6% y/y, worse than forecast
BANGKOK (Reuters) – Thailand’s customs-based exports contracted for a third successive month in December, by a more than expected 14.6% from a year earlier as global growth slowed, commerce ministry data showed…
Strong Canada retail sales forecast adds fodder to rate hike argument
By Ismail Shakil OTTAWA (Reuters) – Canadian retail sales edged down 0.1% in November from the previous month before bouncing back in December, data published on Friday showed, adding to other recent…
Ukraine’s 2022 inflation hits 26.6%, but lower than forecast
By Olena Harmash KYIV (Reuters) -Consumer price inflation in Ukraine rose to 26.6% in 2022 as the economy felt the impact of Russia’s invasion, but was lower than initially expected. The government…
China Dec new bank loans beat forecast, 2022 lending at record high
By Judy Hua and Kevin Yao BEIJING (Reuters) -New bank lending in China unexpectedly rose in December from the previous month, central bank data showed on Tuesday, with 2022 setting a record…
French manufacturing contraction not as deep as forecast in Dec – final PMI
PARIS (Reuters) – France’s manufacturing sector contracted less than first thought in December, a survey showed on Monday, even though inflationary pressures continued to weigh on the euro zone’s second-biggest economy. S&P…
Thai Nov exports drop 6.0% y/y, slightly worse than forecast
BANGKOK (Reuters) – Thailand’s exports dropped for a second straight month in November and by more than expected, due to a global slowdown and China’s lockdown measures, the commerce ministry said on…
Malaysia’s November CPI rises 4% year-on-year, in line with forecast
KUALA LUMPUR (Reuters) – Malaysia’s consumer price index (CPI) in November remained at a 4% growth from a year ago, in line with expectations, according to government data on Friday. A Reuters’…
Japan govt revises up fiscal 2023 growth forecast on higher capex, wages
By Kantaro Komiya TOKYO (Reuters) – Japan’s government revised up on Thursday its growth forecast for the next fiscal year on prospects for higher business expenditure and substantial wage hikes that are…
Malaysia’s November exports rise 15.6% on-year, above forecast
KUALA LUMPUR (Reuters) – Malaysia’s exports rose by 15.6% in November, above expectations, government data showed on Monday. November’s exports had been expected to grow 13.2%, according to eight economists surveyed by…
Fed’s Mester sees rates rising more than most policy makers have forecast
By Michael S. Derby (Reuters) – Cleveland Federal Reserve bank President Loretta Mester said on Friday that she believes the U.S. central bank will have to raise interest rates higher than the…
Portugal’s central bank cuts 2023 growth forecast to 1.5%
By Sergio Goncalves LISBON (Reuters) -The Bank of Portugal on Friday lowered its 2023 economic growth forecast to 1.5% from 2.6% predicted in June, expecting a sharp slowdown after this year’s 6.8%…
JPMorgan lifts ECB ‘terminal’ rate forecast to 3.25% from 2.50%
LONDON (Reuters) – Investment bank JPMorgan ramped up its forecast on Thursday for how high euro zone interest rates will go to 3.25% from 2.50%, after the European Central Bank vowed to…
French economy forecast to contract before recovering next year
PARIS (Reuters) – The French economy is set to contract slightly this quarter due to refinery strikes and nuclear reactor outages before activity recovers in the first half of next year, the…
J.P.Morgan raises China’s 2023 growth forecast
(Reuters) -Analysts at J.P.Morgan on Thursday raised their 2023 growth forecast for China’s gross domestic product by 30 basis points to 4.3% as the world’s second largest economy reopens from tight COVID…
German economy to grow slightly in 2023 – IfW forecast
BERLIN (Reuters) – Germany’s IfW became the latest economic institute to revise up its growth forecast for 2023 on Thursday as Europe’s largest economy hopes to avoid the worst of the energy…
Lufthansa raises 2022 profit forecast, shares rise
(Reuters) – Lufthansa expects to achieve adjusted earnings before interest and taxes (EBIT) of around 1.5 billion euros ($1.58 billion) in 2022, the German flag carrier said in a statement on Tuesday.…
NZ’s Fonterra cuts milk price forecast as demand weakens
(Reuters) – New Zealand’s Fonterra Co-operative Group Ltd on Thursday lowered its farmgate milk price forecast range for the second time for the 2022/23 season on higher costs and softening demand for…
Dollarama lifts annual sales forecast on strong demand for cheaper grocery
(Reuters) – Dollarama Inc raised its full-year same-store sales forecast on Wednesday, as the Canadian discount store chain benefited from inflation-weary consumers shopping at its stores in search of cheaper groceries and…
Thai headline CPI below forecast in Nov, seen slowing further
BANGKOK(Reuters) – Thailand’s headline consumer price index (CPI) rose by a less-than-expected 5.55% in November from a year earlier, the slowest pace in seven months, helped by lower food prices, government data…
Italy statistics bureau slashes 2023 growth forecast amid downside risks
By Francesca Piscioneri ROME (Reuters) – Italy’s economy will grow by 0.4% next year, national statistics bureau ISTAT said on Tuesday, slashing a 1.9% projection made in June and warning of several…
Indonesia inflation expectations coming down near central bank’s forecast – gov
(Reuters) – Indonesia’s central bank governor Perry Warjiyo said on Friday inflation expectations were coming down rapidly after Bank Indonesia (BI) started hiking interest rates aggressively four months ago. He told a…
J.P.Morgan cuts 2023 S&P 500 earnings forecast by 9%
(Reuters) – J.P.Morgan on Thursday cut its 2023 earnings forecast for S&P 500 companies, citing weaker demand and pricing power, margin compression, and limited buy-backs. JPM strategists now estimate S&P 500 earnings…
Breaking News
