Latest economic data from Sidney, Australia Consumer Confidence Hits 19-Month High, Sentiment among Australian consumers improved to its best level in 19 months in November, suggesting that the central bank's interest rate cuts since November last year are starting to have an impact on household confidence. The Westpac-Melbourne Institute Index of Consumer Sentiment increased 5.2 percent month-on-month to 104.3 in November
UK Jobless Claims Show Unexpected Rise While Unemployment Rate Dips, The number of persons claiming jobless allowance in the UK increased unexpectedly in October, while the unemployment rate fell to its lowest level in more than a year in the three months through September, the latest figures from the Office for National Statistics showed Wednesday. The claimant count rose by 10,100 from a month earlier to 1.58 million in October
From Britain's, Bank of England Sees Sluggish GDP Growth, Forecasts Contraction In Q4, we reporting that The Bank of England forecast for contraction by the British economy and sluggish growth in the near term has opened the door for more quantitative easing. On the inflation front, the central bank does not expect inflation to fall back until the second half of 2013. In its quarterly Inflation Report published on Wednesday, the BoE trimmed its growth forecast but lifted its inflation outlook
Economic data from U.S. Commerce Department, U.S. Retail Sales Fall More Than Expected In October. Retail sales in the U.S. fell by more than expected in the month of October, according to a report released by the Commerce Department on Wednesday, although the drop came on the heels of a bigger than previously estimated increase in sales in September
Meanwhile, U.S. Producer Prices Show Unexpected Drop In October, With prices for light motor trucks and passenger cars showing a notable decrease in the month of October, the Labor Department released a report on Wednesday showing an unexpected drop in U.S. producer prices for the month
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