China Loans Almost 1.6 Trillion Yuan by Jan. 29, Economic Says

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China had almost 1.6 trillion yuan ($234 billion) of new lending this month as of Jan. 29, the Economic Information Daily reported today on its Web site, without citing anyone. Industrial & Commercial Bank of China Ltd. had more than 170 billion yuan of lending as of Jan. 29, the newspaper publi...

China HSBC Jan Mfg PMI Hits New Record High, Export Orders Up

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Conditions in China's manufacturing sector continued to improve in January as rising domestic and export orders and output lifted the HSBC Manufacturing Purchasing Managers' Index to the highest level in its near-six year history. But price pressures also appear to be growing, the results releas...

China Jan CFLP PMI Slips To 55.8; Output Down, Prices Up

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Chinese manufacturing sector growth decelerated in January while input price pressures continued to build, according to data released by the China Federation of Logistics and Purchasing (CFLP) Monday. China's semi-official purchasing managers index fell to 55.8 in January from 56.6 of December o...

U.S. stocks stumbling into February

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U.S. stocks are stumbling into February, and a fresh batch of economic reports this coming week is likely to dictate investor sentiment. After a hefty dose of earnings the past two weeks, investors will turn to reports from ADP on payrolls, the ISM on nonmanufacturing growth and U.S. government ...

China FX Officials Wary On Greek Risk, Euro Outlook

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Speculation that China could step in as a buyer of debt from the embattled Greek government is generating considerable excitement, but the bond market could be disappointed if opinions within the Chinese bureaucracy are anything to go by. The Chinese government has been known to make investment d...

Latest US GDP data show more inflation than growth

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Headline economic growth was an annualized 5.7 pct last quarter, but net of inventory rebuilds the gain was only 2.2 pct. Meanwhile, prices rose at a 2.7 pct rate. The payments balance and savings rate improved, but U.S. growth is sluggish -- and inflation looks to be edging up. ...

US Data Next Week: Jobs, ISMs, Factory Ord, Refunding, Prod’ty, Autos

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The release of Friday morning's January employment data looms in the week ahead, overshadowing most of the other economic data on the calendar during the week. The January employment report on Friday at 8:30 ET presents a few challenges. First, it will include revisions in the annual benchmark r...

Labor Costs in U.S. Rose 1.5% in 2009, Least Since Records Began in 1982

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Employment expenses in the U.S. rose 0.5 percent in the fourth quarter, capping a year in which wages and benefits posted their smallest increase on record. The rise in the employment cost index, more than anticipated, compares with a 0.4 percent gain in the third quarter, Labor Department figur...

EMU Inflation Rises By Less Than Expected in January

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Eurozone inflation accelerated for the sixth straight month in January to an annual rate of 1.0%, according to Eurostat's preliminary estimate released on Friday. Before the release of preliminary German results this week, which surprised on the downside, most analysts had expected a higher annu...

EMU Unemployment Rose To Fresh 11-Year High In Dec

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The eurozone's unemployment rate resumed its climb in December after a pause in November, reaching a new 11-year high of 10.0%, according to seasonally adjusted data released Friday by Eurostat. Due to rounding, the trend in the jobless rate masks the marked slowdown in the monthly rise of unemp...
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