New Home Sales Seen Down 5.8% -- Data Week Ahead

TODAY: July 25, 2014 PUB DATE: July 23, 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 Jul 19 305K (20) 302K 0945 Markit 'Flash' PMI Jul N/A 57.3* 1000 ...

CURRENCIES: Pound Drops To Monthly Low Against Dollar

TODAY: July 25, 2014 PUB DATE: July 23, 2014

By Joseph Adinolfi and Sara Sjolin, MarketWatch NEW YORK (MarketWatch)--The pound fell to its lowest point against the dollar since June 30 following the release of minutes from the Bank of England's July meeting on Wednesday. Sterling (GBPUSD) fell to ...

Oil Futures Slightly Lower Ahead U.S. Stockpile Data

TODAY: July 25, 2014 PUB DATE: July 23, 2014

By Eric Yep Crude-oil futures extended losses in Asian trade Wednesday on bearish U.S. stockpile data, and as markets await the next wave of sanctions against Russia. On the New York Mercantile Exchange, light, sweet crude futures for delivery in ...

RBA Hopes to Get China Investment Quota Soon

TODAY: July 25, 2014 PUB DATE: July 23, 2014

SYDNEY--Australia's central bank said it hoped shortly to obtain a quota from China allowing Australian financial institutions to invest in the mainland, opening a path to investment in Chinese bonds and equities traded directly in Renminbi. The Reserve Bank of ...

U.K. Economy Is Gaining Strength, Says BOE Carney

TODAY: July 25, 2014 PUB DATE: July 23, 2014

GLASGOW--The U.K. economy is gaining strength but will face persistent headwinds in the years ahead that are likely to keep a lid on future rises in interest rates, the governor of the Bank of England said Wednesday. In a speech ...

BOE' Has No "Preset Timing" For First Rate Move

TODAY: July 25, 2014 PUB DATE: July 23, 2014

LONDON--Bank of England policy makers have no "preset timing" for a first rise in their benchmark interest rate when they met in July, and still see arguments for and against an early move. Minutes from the meeting released Wednesday showed ...

EBRD to Stop New Investments in Russia

TODAY: July 25, 2014 PUB DATE: July 23, 2014

By Paul Hannon The European Bank for Reconstruction and Development said on Wednesday that it won't make any new investments in Russia in response to sanctions on the country announced by the European Union last week. The sanctions were announced ...

Australian Dollar Hits 2-Week High After CPI Data

TODAY: July 25, 2014 PUB DATE: July 23, 2014

By James Glynn and James Ramage The Australian dollar rose to its highest level in two weeks against the U.S. dollar and the yen Wednesday after inflation data dented investors' expectations that Australia's central bank would cut interest rates before ...

Euro-Zone Consumer Confidence Weakened in July

TODAY: July 25, 2014 PUB DATE: July 23, 2014

Consumer confidence in the 18 countries that share the euro weakened for the second straight month in July, an indication that new stimulus measures announced by the European Central Bank have failed to convince households that the economy is on ...

IMF Cuts U.S. 2014 Growth Forecast to 1.7%

TODAY: July 25, 2014 PUB DATE: July 23, 2014

WASHINGTON--The International Monetary Fund Wednesday revised its growth outlook for the U.S. economy for the second time in two months after a first-quarter contraction turned out to be worse than the fund originally forecast. The IMF cut its growth expectations ...

Bet on Failed Bank IndyMac Creates Windfall

TODAY: July 25, 2014 PUB DATE: July 23, 2014

An investment group backed by John Paulson, George Soros, Michael Dell and Christopher Flowers stands to gain more than $3 billion from a bet made on a failed lender during the depths of the financial crisis. The group's 2009 purchase ...

Euro Falls Against Dollar, Yen Ahead of Data

TODAY: July 25, 2014 PUB DATE: July 23, 2014

By Hiroyuki Kachi The euro weakened against its rivals in Asia trade Wednesday, hitting fresh multi-month lows against the dollar and the yen, underscoring how the common currency is vulnerable to selling pressure ahead of major economic data in the ...

China Banking System June Net Forex Sales 88.28 Billion Yuan

TODAY: July 25, 2014 PUB DATE: July 23, 2014

BEIJING--China's central bank and financial institutions sold a net 88.28 billion yuan ($14.2 billion) of foreign currency in June, compared with a net purchase of 38.657 billion yuan in May, according to calculations by Dow Jones from central bank data. ...

China's Huatong Road & Bridge Avoids Bond Default

TODAY: July 25, 2014 PUB DATE: July 23, 2014

BEIJING--A Chinese company facing a $64.5 million bond repayment on Wednesday found a way to pay back investors at the last minute, averting a potentially unsettling default in China's fast-growing debt market but raising concerns over deepening moral hazard. Huatong ...

Spanish Growth Quickens in Second Quarter -- Update

TODAY: July 25, 2014 PUB DATE: July 23, 2014

By David Román MADRID--Spain's economy grew at its fastest pace in six years during the second quarter, in contrast to the rest of the euro zone where growth appears to have stalled. The Bank of Spain said Wednesday that Spanish ...

EBRD to Stop New Investments in Russia

TODAY: July 25, 2014 PUB DATE: July 23, 2014

The European Bank for Reconstruction and Development said on Wednesday that it won't make any new investments in Russia in response to sanctions on the country announced by the European Union last week. The sanctions were announced on July 16, ...

Polish Central Banker: No Reason for Imminent Rate Cuts

TODAY: July 25, 2014 PUB DATE: July 23, 2014

By Patryk Wasilewski WARSAW--Poland's rates panel has no reason to deliver an interest rate cut soon, said one of the panel's members Andrzej Kazmierczak on Wednesday. He made the comment after the nation's statistics office said retail sales were much ...

LONDON MARKETS: Glaxo Slides In London After Earnings Warning

TODAY: July 25, 2014 PUB DATE: July 23, 2014

By Carla Mozee, MarketWatch LONDON (MarketWatch) -- Shares of GlaxoSmithKline PLC dropped sharply following a profit warning, keeping a lid on gains for the benchmark FTSE 100 index on Wednesday. Glaxo shares (GSK) fell 4.7%,the steepest decline since October 2008, ...