Daily Archives: Oct 20, 2014 at 06:10 am EDT

US Economic Profile | 20 October 2014

Economic worries for the global economy are again taking a toll on sentiment these days, but the US macro trend shows few signs of stress, based on data through September. It remains to be seen if the resiliency holds up in the October profile. An early clue arrives on Thursday, with the initial estimate of manufacturing activity for the US via Markit’s business survey release for October. Meantime, the rear-view mirror continues to show a considerable degree of positive momentum for the US overall, based on the September update of a diversified set of 14 economic and financial indicators.
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Initial Guidance | 20 October 2014

World stocks advance on strong data, earnings | Reuters
Global stocks climbed on Monday, with strong U.S. data and encouraging third-quarter earnings easing concerns about the pace of global economic recovery and raising appetite for riskier assets.
Volatility Unlikely to Alter Fed’s Policy Course | NY Times
The Federal Reserve is watching carefully as financial markets bounce around, but the likely course of monetary policy remains the same, officials have said in recent public comments and interviews.
Q3 Business Conditions Slowed, but Remained Solid; Growth Expected | NABE
Results from NABE’s October 2014 Business Conditions Survey suggest that growth is continuing at a majority of survey respondents’ organizations, with an increasing number of panelists also reporting employment growth and less difficulty in filling open positions.
European Leaders Pivot to Debt Crisis After Wake-Up Call | Bloomberg
European leaders jolted by the sudden return of debt-crisis turmoil will gather for talks in Brussels this week as they attempt to restore investor confidence in the euro area.
UK economic growth to fall to 2.4% in 2015, says EY Item Club | BBC
The UK economy will grow by 2.4% in 2015, well below the 3.1% growth expected this year, forecasting group EY Item Club has said.