Financial News

Swedish retail sales grow below undershoot expectations, modest trend in retail sales to continue

Swedish retail sales grew on a year-on-year basis in March. The retail sales growth figure came in at 1.9 percent year-on-year, as compared with February’s year-on-year growth of 2.6 percent and consensus expectations of 3.1 percent.

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U.S. personal spending likely rose in March, personal income to have expanded modestly TD Economics

The nominal PCE of the U.S. is likely to have increased in March. According to a TD Economics report, personal spending is expected to have risen 0.2 percent, reflecting a decline in spending on durables and modest gains throughout nondurables and services expenditure.

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U.K. headline inflation likely to peak at around 3 pct in early 2018 on increased import prices

The consumer price inflation in the U.K. was just above zero one year ago. But recently, it has accelerated above 2 percent, whereas the core rate has risen sharply to just below 2 percent.

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South Koreas economy to grow 2.6 pct in 2017 on solid exports and likely extra fiscal spending in H2

The South Korean economic growth accelerated in the first quarter to 0.9 percent sequentially, according to the preliminary estimate. On a year-on-year basis, it grew 2.7 percent. Investment mainly drove the rebound in the economic growth.

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U.S. crude oil production expands significantly in February

The Petroleum Supply Monthly Report of EIA indicated that the U.S. crude oil production expanded in February by 190 kb/d month-on-month to 9.03 mb/d. This increase was driven by a sharp rise in Lower-48 onshore output.

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