WASHINGTON, Oct 29 Reuters U.S. consumer confidence increased to a ninemonth high in October amid improved perceptions of the labor market. The Conference Board said on Tuesday its consumer confidence index rose to 108.7 this month from a upwardly revised 99.2 in September. Economists polled by Reuters had forecast the index climbing to 99.5 from […]

WASHINGTON, Oct 29 Reuters U.S. job openings fell to the lowest level in more than 312 years in September and data for the prior month was revised down, pointing to a considerable easing in labor market conditions. Job openings, a measure of labor demand, dropped by 418,000 to 7.443 million by the last day of […]

HONG KONG, Oct 29 Reuters Hong Kong39;s home prices dropped for the fifth consecutive month in September, official data showed on Tuesday, in a struggling property market that realtors expect to bottom out soon after an interest rate cut and the government39;s easing policies. WHY IT39;S IMPORTANT Housing demand in Hong Kong, one of the […]

BANGKOK, Oct 29 Reuters Thailand39;s inflation target should work to lift inflation above 1, the finance minister said on Tuesday, before a meeting with the central bank where he hoped to be able to reach an agreement on a new target and whether it should be a midpoint or range. Finance Minister Pichai Chunhavajira and […]

BERLIN, Oct 29 Reuters The German economy will contract by 0.2 this year, the German Chamber of Commerce and Industry DIHK said on Tuesday, cutting its previous forecast for a stagnation published in May. The figures are not optimistic for 2025 either, when DIHK expects zero growth. That would be the third year in a […]

STOCKHOLM, Oct 29 Reuters Sweden39;s economy entered a technical recession in the third quarter as gross domestic product fell 0.1 compared with the previous quarter, preliminary figures from the statistics office showed on Tuesday. Swedish GDP also declined in the second quarter. An economy is considered to be in recession when the economy has contracted […]

BEIJING, Oct 29 Reuters China39;s factory activity likely contracted in October for a sixth month, a Reuters poll showed on Tuesday, but by the tiniest of margins, backing officials39; optimism that recent fresh stimulus will get the world39;s No.2 economy back on track. A Reuters poll of 30 economists estimated the official purchasing managers39; index […]