Swiss Factory Output Index Falls in September

TODAY: Dec. 22, 2014 PUB DATE: Oct. 1, 2014

By John Revill ZURICH--Switzerland's manufacturing output index fell to its lowest level in nearly a year-and-a-half, data showed Wednesday, indicating demand for the Alpine country's industrial goods is waning as growth slows in Europe, its main export market. The Swiss ...

CURRENCIES: Dollar Holds Gains Against Rivals After ADP Data

TODAY: Dec. 22, 2014 PUB DATE: Oct. 1, 2014

By Joseph Adinolfi, MarketWatch NEW YORK (MarketWatch) -- The U.S. dollar held gains against its G-10 rivals Wednesday after a report from Automatic Data Processing Inc. showed the U.S. added 213,000 private-sector jobs, in line with analysts' expectations. The dollar ...

ISM Manufacturing Index Slips

TODAY: Dec. 22, 2014 PUB DATE: Oct. 1, 2014

The U.S. manufacturing expansion cooled a bit in September after a very hot August, according to a survey released Wednesday by the Institute for Supply Management. The ISM's manufacturing purchasing managers' index in September fell to 56.6 from August's 59.0, ...

IMF Slashes Russia's 2015 Growth Forecast

TODAY: Dec. 22, 2014 PUB DATE: Oct. 1, 2014

By Andrey Ostroukh MOSCOW--The International Monetary Fund on Wednesday slashed its economic growth forecast for Russia in 2015, citing geopolitical uncertainty and recommended the Bank of Russia to continue tightening monetary policy to tame inflationary expectations. The IMF halved its ...

IMF Slashes Russia's 2015 Growth Forecast

TODAY: Dec. 22, 2014 PUB DATE: Oct. 1, 2014

MOSCOW--The International Monetary Fund on Wednesday slashed its economic growth forecast for Russia in 2015, citing geopolitical uncertainty and recommended the Bank of Russia to continue tightening monetary policy to tame inflationary expectations. The IMF halved its forecast for Russia's ...

France 2015 Budget To Curb Spending

TODAY: Dec. 22, 2014 PUB DATE: Oct. 1, 2014

PARIS--The French government Wednesday presented a 2015 budget aimed at striking a delicate balance: shoring up France's finances without tipping an economy heavily reliant on public spending into recession. Finance Minister Michel Sapin detailed 21 billion euros ($26.5 billion) worth ...

EU Rebukes Russia Over Tariff Threat

TODAY: Dec. 22, 2014 PUB DATE: Oct. 1, 2014

BRUSSELS--The European Union has "strong concerns" about a decree passed by the Russian government threatening new tariffs on Ukrainian exports, European Commission President Jose Manuel Barroso said in a letter to Russian President Vladimir Putin. The decree, which will impose ...

France 2015 Budget To Curb Spending

TODAY: Dec. 22, 2014 PUB DATE: Oct. 1, 2014

By William Horobin PARIS--The French government Wednesday presented a 2015 budget aimed at striking a delicate balance: shoring up France's finances without tipping an economy heavily reliant on public spending into recession. Finance Minister Michel Sapin detailed 21 billion euros ...

French Government to Sell 1.9% Stake in Orange -- Report

TODAY: Dec. 22, 2014 PUB DATE: Oct. 1, 2014

PARIS--The French government will sell a 1.9% stake in former French telecom monopoly Orange SA (ORA.FR) through state-owned investment bank BPI, Les Echos newspaper said. The stake is worth EUR595 million ($753 million) at the market price, the newspaper said. ...

CURRENCIES: Dollar Trades Flat Against Yen After ISM Data

TODAY: Dec. 22, 2014 PUB DATE: Oct. 1, 2014

By Joseph Adinolfi, MarketWatch NEW YORK (MarketWatch) -- The U.S. dollar turned flat against the yen, but continued to gain against the euro, pound and Australian dollar Wednesday after a report from the Institute for Supply Management showed U.S. manufacturing ...

U.S. Manufacturing PMI Slows to 56.6 in September--Update

TODAY: Dec. 22, 2014 PUB DATE: Oct. 1, 2014

By Kathleen Madigan The U.S. manufacturing expansion cooled a bit in September after a very hot August, according to a survey released Wednesday by the Institute for Supply Management. The ISM's manufacturing purchasing managers' index in September fell to 56.6 ...

Euro Remains Under Pressure as Recovery Slows -- 2nd Update

TODAY: Dec. 22, 2014 PUB DATE: Oct. 1, 2014

By Tommy Stubbington The euro remained under pressure and European stocks fell Wednesday amid the latest signs the recovery inside the currency bloc is cooling. The common currency dropped 0.3% against the dollar to $1.2584, close to Tuesday's two-year low. ...

MARKET SNAPSHOT: U.S. Stocks Skid; Russell 2000 In Correction Territory

TODAY: Dec. 22, 2014 PUB DATE: Oct. 1, 2014

By Anora Mahmudova and Barbara Kollmeyer, MarketWatch NEW YORK (MarketWatch) -- U.S. stock investors turned away from stocks on Wednesday and piled into safe havens such as Treasurys, sending the main benchmarks sharply lower. Broad-based declines on Wall Street were ...

Jobless Claims Seen Rising by 4K -- Data Week Ahead

TODAY: Dec. 22, 2014 PUB DATE: Oct. 1, 2014

The following are forecasts for this week's remaining data from a survey compiled Friday and Monday. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS (ET) Thursday 0830 Jobless Claims Sep 27 297K (22) 293K 1000 Factory Orders Aug -9.3% (23) +10.5% Friday ...

South Korea's Exports Improve But Local Demand Weak -- Update

TODAY: Dec. 22, 2014 PUB DATE: Oct. 1, 2014

By Kwanwoo Jun South Korea's exports rebounded sharply in September due to a turnaround in shipments to China and strong exports to the U.S., but a weak domestic economy remains a worry for policy makers. Other data released Wednesday, including ...

U.K.'s Cameron Promises Income Tax Cuts If He Wins 2015 Election

TODAY: Dec. 22, 2014 PUB DATE: Oct. 1, 2014

By Nicholas Winning And Cassell Bryan-Low BIRMINGHAM, England--U.K. Prime Minister David Cameron said on Wednesday that if his Conservative party wins the general election in May it will cut income taxes over the next five-year parliamentary term, but only if ...

ASIA MARKETS: Japanese Stocks Pull Back As Yen Softens

TODAY: Dec. 22, 2014 PUB DATE: Oct. 1, 2014

By Chao Deng and Brad Frischkorn TOKYO -- Stocks in Asia were mixed in subdued trade Wednesday, with Japanese shares falling on profit-taking while shares in Australia were lifted by a stronger U.S. dollar. Japan's Nikkei Stock Average ended down ...

U.S. Home-Price Growth Slows Again--Update

TODAY: Dec. 22, 2014 PUB DATE: Oct. 1, 2014

By Kathleen Madigan The yearly growth in home prices across the U.S. slowed more than expected in the middle of summer, according to a home price report released Tuesday. The home-price index covering the entire nation increased 5.6% in the ...