largest-economy

Gold Hits New Record In Asia

by on August 9, 2011

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(MENAFN – Qatar News Agency) Gold cracked the $1700 mark Monday while Silver even outperformed gold as economic concerns continue to hit the US, world’s largest economy after S&P credit rate cut. …

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Gold Hits New Record In Asia

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The world’s largest economy has most probably grown at a slower pace within the first quarter…

by on April 28, 2011

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The world’s largest economy has most probably grown at a slower pace within the first quarter…

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The world’s largest economy has most probably grown at a slower pace within the first quarter…

Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net

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Video: Consumer Spending in U.S. Rose More Than Forecast: Video

October 1, 2010

Oct. 1 (Bloomberg) — Consumer spending in the U.S. rose more than forecast in August as incomes climbed, bolstering the Federal Reserve’s forecast that the world’s largest economy will keep expanding at a “modest” pace. Incomes were up 0.5 percent, the biggest advance this year, propelled by the resumption of extended and emergency unemployment benefits as wage gains cooled. Bloomberg’s Betty Liu and Michael McKee report. (Source: Bloomberg)

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Video: Poll Shows Investors Think Global Economy Has Stabilized: Video

September 21, 2010

Sept. 21 (Bloomberg) — Three out of five global investors say the world economy has weathered the financial crisis and has stabilized two years after the collapse of Lehman Brothers Holdings Inc., according to a global quarterly poll of 1,408 investors, analysts and traders who are Bloomberg subscribers. Separately, the U.S. fell behind emerging markets in Brazil, China and India as the preferred place to invest, though the world’s largest economy still ranks highest of all major developed countries, according to the poll. Bloomberg’s Jon Erlichman and Deidre Bolton report. (Source: Bloomberg)

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U.S. Worker Productivity Posts First Drop Since Late 2008

August 10, 2010

Productivity in the U.S. unexpectedly decreased in the second quarter after employers expanded the workweek by the most in four years even as the world’s largest economy cooled.

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Video: Lebas Sees Manufacturing Slowing on Europe Demand Drop: Video

August 2, 2010

Aug. 2 (Bloomberg) — Guy Lebas, chief fixed-income strategist at Janney Montgomery Scott LLC, talks about the outlook for U.S. manufacturing and economy. The Institute for Supply Management’s manufacturing gauge for July dropped to 55.5 last month from 56.2 in June, signaling the world’s largest economy is cooling at the start of the second half. Lebas speaks with Margaret Brennan on Bloomberg Television’s “InBusiness.” (Source: Bloomberg)

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Busy Week for U.S. as Data Signals Economic Activity is Still Stabilizing in the World’s Largest Economy

March 20, 2010

Busy Week for U.S. as Data Signals Economic Activity is Still Stabilizing in the World’s Largest Economy

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A Calm Week Provided Investors with a Chance to reassess their Outlook for the World’s Largest Economy!

March 13, 2010

A Calm Week Provided Investors with a Chance to reassess their Outlook for the World’s Largest Economy!

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Job Openings in U.S. Climb for Second Month as Employers Gain Confidence

March 9, 2010

By Timothy R. Homan March 9 (Bloomberg) — Job openings in the U.S. rose in January for a second consecutive month, signaling employers are gaining confidence as the economic recovery takes hold. Openings increased by 193,000 to 2.72 million, the Labor Department said today in Washington. The figures indicate that the world’s largest economy, which expanded in the second half of 2009, is poised to add workers after payrolls dropped less than anticipated last month. Nonetheless, the labor market will take time to overcome the loss of 8.4 million jobs since the beginning of the recession in December 2007. “The labor market is improving notably,” Dean Maki , chief U.S. economist at Barclays Capital Inc. in New York, said before the report. “Indicators continue to point to a solid recovery in the U.S.” economy, he said. The rate of job openings in January climbed to 2.1 percent, the highest level since February 2009, from 1.9 percent the prior month, according to today’s report. The separations rate, which includes dismissals and those who quit their jobs, held at 3.2 percent. Payrolls fell by 36,000 last month after a 26,000 decline In January, according to Labor Department figures released on March 5. The unemployment rate unexpectedly held at 9.7 percent and has not increased since October. Job Cuts Some companies are still trimming payrolls. American Airlines, the world’s second-largest carrier, said last week that it will eliminate jobs for 230 baggage handlers, ramp workers and cargo employees nationwide. The reductions at American, a unit of AMR Corp., will begin March 13, spokeswoman Missy Latham said in an interview. Other businesses plan to resume hiring. Accenture Plc, the world’s second-largest technology-services provider, which plans to boost payrolls by about 50,000, with as many as 9,000 jobs being added in the U.S. by the end of August. “We are seeing a very broad uplift globally” in demand, John Campagnino , director of worldwide recruiting, said in a March 3 interview. He said the trend “brings us right back to the pre-recession” levels. To contact the reporter on this story: Timothy R. Homan in Washington at thoman1@bloomberg.net

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Video: German Recovery Stagnates as Consumer Spending Stalls

February 12, 2010

Feb. 12 (Bloomberg) — Bloomberg’s Philipp Encz reports on consumer spending in Germany and the outlook for Europe’s largest economy. Germany’s recovery unexpectedly stalled in the fourth quarter of 2009 as waning consumption and investment offset export growth. Andrea Catherwood also speaks.

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Investors Wait More Fundamentals and Earnings from the World’s Largest Economy!

February 7, 2010

Investors Wait More Fundamentals and Earnings from the World’s Largest Economy!

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Indonesia May Pay Premium on $4 Billion Bonds as Emerging Debt …

January 10, 2010

By Lilian Karunungan and Aloysius Unditu Jan. 11 (Bloomberg) — Indonesia may have to reward investors with higher yields than the Philippines to borrow $4 billion as an emerging-markets bond rally fades. Southeast Asia’s largest economy …

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U.S. Equity Risk Tops Credit Woes in Europe, Asia: Chart of the Day

December 24, 2009

By Katrina Nicholas Dec. 24 (Bloomberg) — U.S. equities are riskier than those in Europe or Asia because the potential for company defaults in the world’s largest economy is trumping concerns about the debts of Greece and Dubai, according to Standard Chartered Plc. The CHART OF THE DAY shows changes in stock market volatility in the U.S., U.K. and China this month measured by so-called VIX indexes. The U.S. gauge declined the least, even as state-owned Dubai World sought to restructure $26 billion of debt and Greece had its credit rating cut one step by Moody’s Investors Service to the same level as Botswana. “Investors in Europe and Asia appear to be ignoring news around the sovereigns, believing equities in those markets offer better value,” said Vijay Chander , head of credit strategy at Standard Chartered in Hong Kong. “Company credit profiles are more robust in Europe and in Asia, whereas in the U.S. people are more sanguine about the corporate outlook.” Defaults among the 6,200 companies rated by Standard & Poor’s climbed to 262 this year, the highest since data compilation began in 1981, the New York-based risk assessor said in a Dec. 18 report. Almost three-quarters of the defaulters were in the U.S., S&P said. “There’s still a lot of fear around commercial real estate and the banking sector,” according to Chander. U.S. stock volatility will probably remain higher than in other regions next year because “that’s where the credit crisis started and investors there have more to be concerned about,” he said. A “tsunami” of capital will flow into Asia in 2010, attracted by China’s economic growth and low U.S. interest rates, Nomura Holdings Inc. said last week. The region will lead the global recovery, the Paris-based Organization for Economic Cooperation and Development said Nov. 19. (To save a copy of the chart, click here.) To contact the reporter on this story: Katrina Nicholas in Singapore at knicholas2@bloomberg.net

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Dollar Strengthens Against Euro Before U.S. Holiday; Japan’s Yen Advances

November 23, 2009

By Yasuhiko Seki Nov. 24 (Bloomberg) — The dollar and yen rose, reversing earlier losses, as traders pulled out of bets against the two funding currencies before the U.S. Thanksgiving holiday season starts. The dollar also rose against 14 out of 16 most-active currencies tracked by Bloomberg before a release today of revised gross domestic product data forecast to show the U.S. economy expanded at a slower than initially expected pace in the third quarter. The yen advanced against 15 of 16 counterparts as local stocks slumped, reviving demand for the Japanese currency as a refuge from risk aversion. “People now have a strong urge to close out short positions before Thanksgiving,” said Toshiya Yamauchi , manager of the foreign-exchange margin-trading department at Ueda Harlow Ltd. in Tokyo. “The approaching holiday season also makes traders more sensitive to bad figures.” A short position is a bet that asset price will decline. The greenback traded at $1.4944 per euro at 9:50 a.m. in Tokyo from $1.4961 yesterday in New York. The yen was at 132.82 versus the euro from 133.11 yen yesterday. The Japanese currency was at 88.88 per dollar from 88.97 in New York. The U.S. government’s revised figures for third-quarter gross domestic product, due today, may show the world’s largest economy expanded at a 2.8 percent annual rate, compared with the 3.5 percent estimated last month, according to the survey. The revision will reflect a bigger trade gap and weaker retail sales in September, economists said. To contact the reporters on this story: Yasuhiko Seki in Tokyo at yseki5@bloomberg.net ;

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Greenspan Predicts U.S. Economy Will Slow in 2010 as Stocks `Flatten Out’

September 30, 2009

By Albert R. Hunt and Rich Miller Sept. 30 (Bloomberg) — Former Federal Reserve Chairman Alan Greenspan said he sees the U.S. economy slowing next year as the surge in stocks comes to an end. “The odds are we flatten out,” Greenspan said today in a Bloomberg television interview, referring to the equity market. “That flattening out will put some sort of dull face on 2010.” Greenspan said he expects the economy to grow at a 3 percent to 4 percent annual pace in the next sixth months before slowing down. As a result, unemployment isn’t likely to decline much from last month’s 9.7 percent, he said. Even so, he doesn’t expect the economy to relapse into recession next year. The world’s largest economy shrank at a 0.7 percent annual rate from April through June, the best performance in more than a year, revised figures from the Commerce Department showed today in Washington. Gross domestic product contracted at a 6.4 percent pace in the first three months of 2009. Growth will be boosted in the near term by the inventory cycle as companies bring stockpiles of goods into line with sales, he said. The Standard & Poor’s 500 Index has jumped 55 percent since its low for the year on March 9, an ascent that’s had a “very positive” impact on the economy, Greenspan said. To contact the reporter on this story: Rich Miller in Washington rmiller28@bloomberg.net

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Greenspan Sees Growth Slowing as Stocks `Flatten Out’

September 30, 2009

By Albert R. Hunt and Rich Miller Sept. 30 (Bloomberg) — Former Federal Reserve Chairman Alan Greenspan said he sees the U.S. economy slowing next year as the surge in stocks comes to an end. “The odds are we flatten out,” Greenspan said today in a Bloomberg television interview, referring to the equity market. “That flattening out will put some sort of dull face on 2010.” Greenspan said he expects the economy to grow at a 3 percent to 4 percent annual pace in the next sixth months before slowing down. As a result, unemployment isn’t likely to decline much from last month’s 9.7 percent, he said. Even so, he doesn’t expect the economy to relapse into recession next year. The world’s largest economy shrank at a 0.7 percent annual rate from April through June, the best performance in more than a year, revised figures from the Commerce Department showed today in Washington. Gross domestic product contracted at a 6.4 percent pace in the first three months of 2009. Growth will be boosted in the near term by the inventory cycle as companies bring stockpiles of goods into line with sales, he said. The Standard & Poor’s 500 Index has jumped 55 percent since its low for the year on March 9, an ascent that’s had a “very positive” impact on the economy, Greenspan said. To contact the reporter on this story: Rich Miller in Washington rmiller28@bloomberg.net

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