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The Leading Index for Japan Remained Unchanged

added: 10-01-2008

The Conference Board reports that the leading index for Japan remained unchanged, while the coincident index increased 0.3 percent in November.

Mortgage Rates Lowest Since Sept. 2005

added: 10-01-2008

Economic worries continue to lead to lower mortgage rates, with the average conforming 30-year fixed mortgage rate now 5.88 percent. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.35 discount and origination points.

The Leading Index for the U.K Declined 0.3 Percent

added: 10-01-2008

The Conference Board announced that the leading index for the U.K declined 0.3 percent, and the coincident index increased 0.2 percent in November.

World Economic Forum 2008: Highest Levels of Political and Economic Uncertainty for a Decade

added: 09-01-2008

The World Economic Forum released its latest report, Global Risks 2008. The report highlights the need for new thinking and concerted action in a number of problem areas. It expresses fears that the current liquidity crunch will spark a US recession in the next 12 months and calls for new thinking on systemic financial risk in response to the revolution in financial markets over the last two decades. The report recommends a set of principles for country risk management and examines how the financial sector might take on an increasingly important role in risk transfer in the future.

Euro Area GDP and EU27 GDP up by 0.8% in Q3

added: 09-01-2008

Euro area (EA13) and EU27 GDP both grew by 0.8% in the third quarter of 2007, compared with the previous quarter, according to second estimates from Eurostat, the Statistical Office of the European Communities. In the second quarter of 2007, growth rates were +0.3% in the euro area and +0.5% in the EU27.

Consumer Spending Intentions Returning to Pre-Holiday Shopping Levels

added: 09-01-2008

With the passing of the holiday shopping season, consumers are expecting to scale back their spending in January, as ratings of the economy and their personal finances worsened. The decline in spending intentions, which returned to levels reported before the holiday shopping season began, helped drive a 2.6 point drop in the Discover U.S. Spending Monitor for December.

Development of the Euro Area Monetary Financial Institutions Sector

added: 09-01-2008

On 1 January 2008 the total number of monetary financial institutions (MFIs) in the euro area stood at 7,887, which is an increase of 241units (3.1%) in comparison with the number recorded one year ago.

Stable Existing-Home Sales Expected in Early 2008, Then Gradual Rise

added: 09-01-2008

Over the next few months, existing-home sales are expected to hold fairly steady as indicated by pending sales activity, then rise later in the year and continue to improve in 2009, according to the latest forecast by the National Association of Realtors(R).

Global Auto Execs Growing More Confident on Industry Profitability and Outlook

added: 09-01-2008

Though hampered by overcapacity issues and an uncertain global economy, automotive executives are growing more confident about the nearer term prospects of global profitability and an increasing number are foreseeing a quicker turnaround by Detroit manufacturers, according to an annual global automotive survey by KPMG LLP, the U.S. audit, tax and advisory firm.

Automotive Industry Ramps up Production of Fuel Efficient Cars and Races to Find Alternative Fuel Sources

added: 08-01-2008

Automotive industry executives have identified finding alternative fuel sources as the number one trend facing the industry and are focused on producing low cost cars and hybrids to meet consumer demand, according to an annual global survey by KPMG LLP, the U.S. audit, tax and advisory firm.

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