Fed’s Powell: Possible fed could raise rates beyond December forecast
NEW YORK (Reuters) – Federal Reserve Chairman Jerome Powell said on Wednesday he is not fully sure where the central bank will stop with rate …
forecast
Italy Jan EU-harmonised CPI eases to 10.9% y/y, slightly below forecast
Feb 1 (Reuters) – Italian EU-harmonised consumer prices (HICP) fell a preliminary 1.3% month-on-month in January, with annual inflation slowing to 10.9% from 12.3% in …
French Jan factory activity rebound not as strong as forecast -PMI
PARIS (Reuters) – France’s manufacturing activity rebound in January was not quite as strong as first forecast, a survey showed on Wednesday, as new orders …
IMF lowers Saudi 2023 growth forecast to 2.6%
DUBAI (Reuters) – The International Monetary Fund (IMF) has revised its 2023 growth forecast for Saudi Arabia, the world’s top oil exporter, significantly downwards on …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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%, …
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 …
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 …
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 …
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 …
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 …
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 …
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, …
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 …
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 …
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. …
Thai economy may miss forecast next year as global growth slows -Finance Minister
BANGKOK (Reuters) – Thailand’s economy may not reach a forecast growth of 3.8% next year due to a global economic slowdown, but this year’s outlook …
S&P Global lowers 2023 growth forecast for emerging markets
(Reuters) – S&P Global Ratings lowered its 2023 growth forecast for emerging economies on Tuesday, citing persistent pressures from the Russia-Ukraine conflict, a lingering COVID-19 …
Malawi cuts 2022 growth forecast on power shortages and inflation
By Frank Phiri BLANTYRE (Reuters) -Malawi has lowered its 2022 growth forecast to 1.7% from 4.1% due to problems with power generation and rising inflation …
Malaysia’s October CPI rises 4% y/y, above forecast
KUALA LUMPUR (Reuters) – Malaysia’s consumer price index (CPI) rose 4% from a year earlier in October, government data showed on Friday. The rise was …
Australia house prices forecast to slump 16% from peak- Reuters poll
By Vivek Mishra BENGALURU (Reuters) – Australian housing prices that are on a steep decline will likely fall further next year, according to a Reuters …
New Zealand house prices forecast to drop 18% from peak: Reuters Poll
By Vivek Mishra BENGALURU (Reuters) – New Zealand’s house prices are forecast to fall more than previously thought this year and next with a peak-to-trough …
IMF cuts Nigeria 2022 growth forecast to 3%
By Anait Miridzhanian ABUJA (Reuters) -The International Monetary Fund has revised Nigeria’s 2022 real GDP growth forecast down to 3% from 3.4% earlier, citing weak …
SNB’s Maechler: Rates will be raised if inflation forecast above target
By Paul Carrel GENEVA (Reuters) – The Swiss National Bank will raise interest rates further if it sees inflation projections above its target level, SNB …
UK economy forecast to shrink 1.4% in 2023
LONDON (Reuters) – Britain’s economy is forecast to shrink by 1.4% in 2023, finance minister Jeremy Hunt said on Thursday, citing the latest projections from …
Goldman raises forecast for 2023 Fed rate peak by 25 basis points
(Reuters) – Goldman Sachs on Wednesday raised its forecast for the peak in the federal funds rate by 25 basis points to 5-5.25%, after adding …
Barclays cuts 2023 global growth forecast, expects weakest growth in four decades
(Reuters) – Barclays economists on Wednesday cut their global economic growth forecast for 2023 as inflation is seen unlikely to fall quickly, forcing monetary policy …
Poland’s Q3 GDP at 3.5%, above forecast
(Reuters) – Poland’s gross domestic product rose 3.5% year-on-year in the third quarter compared to 5.8% rise in the previous quarter, a first estimate from …
Canadian province of Ontario cuts deficit forecast, braces for slowdown
By Fergal Smith TORONTO (Reuters) -Ontario on Monday projected a smaller budget deficit for the current fiscal year as robust economic growth boosted tax revenues …
EU exec revises up 2022 euro zone growth forecast, sees bigger slowdown in 2023
BRUSSELS (Reuters) – The euro zone economy will grow more than previously expected in 2022, the European Commission forecast on Friday, and decelerate more than …
Moody’s cuts India’s 2022 GDP growth forecast to 7%, sees 2023 growth at 4.8%
MUMBAI (Reuters) – Rating agency Moody’s cut India’s growth projections for the current and next calendar year due to higher inflation, high interest rates and …
Canada cuts 2023 GDP forecast but says economy to avoid recession
TORONTO (Reuters) – Canadian Finance Minister Chrystia Freeland on Thursday unveiled an economic update, slashing 2023 real GDP forecast to 0.7%, but said the economy …
BNP Paribas profit tops forecast despite higher costs, debt markdown
PARIS (Reuters) – BNP Paribas, the euro zone’s biggest lender, posted a higher than expected net profit in the third quarter, with trading revenues helping …
Nutrien cuts 2022 profit forecast again on lower potash prices
By Ruhi Soni (Reuters) -Nutrien Ltd on Wednesday cut its full-year adjusted earnings forecast for the second time this year as potash prices decline, sending …
Qualcomm revenue forecast falls short as smartphone sales slump; shares slide
By Chavi Mehta and Jane Lanhee Lee (Reuters) -Qualcomm Inc’s forecast for holiday-quarter revenue fell about $2 billion short of Street estimates, as the chipmaker …
Beiersdorf ups 2022 sales forecast on strong demand for skin care, Tesa products
BERLIN (Reuters) – Nivea maker Beiersdorf on Thursday raised its sales guidance for the full year after strong demand for its personal care and skin …
Hilton raises annual forecast as profit jumps on strong travel demand
(Reuters) – Hilton Worldwide Holdings Inc on Wednesday raised its annual profit forecast after reporting a spike in third-quarter earnings as consumers eager to travel …