Dollar Surges as Eurozone Inflation Sinks--Update

TODAY: Sept. 30, 2014 PUB DATE: Sept. 30, 2014

By Tommy Stubbington The dollar continued to surge Tuesday, buoyed by a slump in the euro as eurozone inflation sank to a five-year low. The latest sign of sluggish price growth in the euro area is likely to crank up ...

Slovak Central Bank Cuts Growth Forecasts on Slowing Exports

TODAY: Sept. 30, 2014 PUB DATE: Sept. 30, 2014

By Leos Rousek BRATISLAVA, Slovakia--The Slovak central bank Tuesday lowered its economic forecasts for 2014 and 2015, amid concerns about slowing exports due to Western economic sanctions against Russia. The National Bank of Slovakia sees the country's gross domestic product ...

Euro Tumbles to Two-Year Low

TODAY: Sept. 30, 2014 PUB DATE: Sept. 30, 2014

The euro tumbled to a two-year low Tuesday as the latest slump in eurozone inflation cranked up the pressure on the European Central Bank to further ease monetary policy. The common currency, already dented by a rising dollar, extended declines ...

Romania Central Bank Revises Down 2013 FDI to EUR2.71 Billion

TODAY: Sept. 30, 2014 PUB DATE: Sept. 30, 2014

BUCHAREST -(Dow Jones)- Romania's central bank has revised slightly downwards foreign direct investment data for 2013 to 2.712 billion euros ($3.440 billion) from EUR2.14 billion the previous year, the bank said in a statement Tuesday. Previously, the bank estimated the ...

Chicago PMI Points to Slowing Business Activity

TODAY: Sept. 30, 2014 PUB DATE: Sept. 30, 2014

A snapshot of economic activity in the manufacturing-heavy Midwest indicates businesses suffered a setback in September. The Chicago Business Barometer, commonly known as the Chicago PMI, fell to 60.5 this month from August's 64.3. Any reading above 50 indicates expansion. ...

Chicago PMI Points to Slowing Business Activity

TODAY: Sept. 30, 2014 PUB DATE: Sept. 30, 2014

A snapshot of economic activity in the manufacturing-heavy Midwest indicates businesses suffered a setback in September. The Chicago Business Barometer, commonly known as the Chicago PMI, fell to 60.5 this month from August's 64.3. Any reading above 50 indicates expansion. ...

EUROPE MARKETS: European Stocks Build On Gains After Inflation Data

TODAY: Sept. 30, 2014 PUB DATE: Sept. 30, 2014

By Carla Mozee, MarketWatch LONDON (MarketWatch) -- Stocks in Europe extended gains Tuesday after a key report showed inflation in the eurozone falling to a multiyear low. Underscoring persistently low inflation in the region, Eurostat said consumer prices in September ...

Powell Says Fed Should Shun Direct Treasury Ties

TODAY: Sept. 30, 2014 PUB DATE: Sept. 30, 2014

By Pedro Nicolaci da Costa The Federal Reserve should continue to act fully independently from the U.S. Treasury even in times of crisis, Fed Gov. Jerome Powell said Tuesday in response to calls for closer cooperation between the two bodies ...

Stagnant Wages Make U.K. Consumers Lose Confidence -- GfK

TODAY: Sept. 30, 2014 PUB DATE: Sept. 30, 2014

By Jon Sindreu LONDON--Consumer confidence in the U.K. slipped in September amid concerns that economic growth wouldn't benefit the personal finances of people in Britain. Research firm GfK said Tuesday its consumer confidence index declined in September to -1 from ...

China Sep HSBC Final Manufacturing PMI 50.2 Vs 50.2 in Aug

TODAY: Sept. 30, 2014 PUB DATE: Sept. 30, 2014

BEIJING-A private gauge of activity in China's manufacturing sector held steady in September following a notable slowdown in August, suggesting that Chinese economic growth still faces headwinds. The HSBC China Manufacturing Purchasing Managers' Index, a gauge of nationwide manufacturing activity, ...

Dollar Tad Lower Against Yen as Investors Await ECB, U.S. Data

TODAY: Sept. 30, 2014 PUB DATE: Sept. 30, 2014

By Hiroyuki Kachi The dollar was lower against the yen in Asia trade Tuesday, with investors remaining hesitant to make major moves ahead of U.S. economic data and a European Central Bank policy meeting later in the week. As of ...

Eurozone Inflation Hits Five-Year Low

TODAY: Sept. 30, 2014 PUB DATE: Sept. 30, 2014

By Paul Hannon The annual rate of inflation in the eurozone fell further below the European Central Bank's target in September, and to its lowest level since October 2009. The decline is a setback to the ECB which, earlier this ...

Looming Inflation Data Cap Gains in Europe

TODAY: Sept. 30, 2014 PUB DATE: Sept. 30, 2014

European stocks edged higher Tuesday, reversing part of the previous day's decline, as investors awaited eurozone inflation data that could be crucial to the European Central Bank's next move. The Stoxx Europe 600 was 0.3% higher in early trade. Royal ...

French Consumer Spending Rebounds in August

TODAY: Sept. 30, 2014 PUB DATE: Sept. 30, 2014

By William Horobin PARIS--French consumer spending rebounded in August after a fall in July when households spent less on cars and food, statistics agency Insee said Tuesday. Consumer spending in the eurozone's second largest economy rose 0.7% in August from ...

French Producer Prices Fall in August

TODAY: Sept. 30, 2014 PUB DATE: Sept. 30, 2014

By William Horobin PARIS--The fall in French producer prices accelerated in August, mainly due to weaker energy and refining prices, French statistics agency Insee said Tuesday. France's producer price index fell 0.3% in August from July, when it fell 0.2%. ...

ASIA MARKETS: Hong Kong Stocks Slide In September

TODAY: Sept. 30, 2014 PUB DATE: Sept. 30, 2014

By Chao Deng Hong Kong's stock market capped its worst month in more than two years Tuesday as pro-democracy protests in the city swelled again, while shares in Tokyo also fell in reaction to a weaker dollar and a decline ...

OECD Says Global Inflation Eased in August

TODAY: Sept. 30, 2014 PUB DATE: Sept. 30, 2014

Inflation rates across the world's largest economies eased for the third straight month in August, reflecting disappointing economic growth and indicating that central banks are unlikely to rush to tighten policy. The Organization for Economic Cooperation and Development Tuesday said ...

China Eases Mortgage-Lending Rules

TODAY: Sept. 30, 2014 PUB DATE: Sept. 30, 2014

BEIJING--China's central bank said Tuesday it would ease lending rules for banks to allow more home buyers to qualify for cheaper mortgages as part of its efforts to boost the country's sagging housing market. The People's Bank of China said ...