US Economy

The Week Ahead

Quarterly business investment figures will be a focus locally, while the US will release significant economic data including economic growth figures ahead of Thursday’s Thanksgiving Day holiday.

Aust miners accused of polluting Alaskan river

by AAP
Australian heads of a platinum mine indicted for conspiring to dump waste in Alaskan river.

US Fed to review of bank supervision

Fed launches sweeping review of its practices for supervising big banks in response to criticism.

US factory activity growth weakens

Flash purchasing managers' index at lowest level since polar vortex-hit January.

US home sales jump in October

by AP
Americans bought homes in October at the briskest pace this year.

US homebuilder confidence lifts in November

NAHB index jumps four points, provides a hopeful signal for housing recovery.

US producer prices lift in October

Upward price pressures surprise expectations, driven by trade services.

US consumer prices steady in October

Print reflects impact of soft energy prices, sluggish global growth.

US jobless claims fall to 291,000

Decrease slightly lower than expected, now below 300,000 for ten consecutive weeks.

Scoreboard: Iron ore misery

Iron ore prices dropped to a new five-year low, while Wall Street weakened following the release of Federal Reserve minutes.

Fed outlines fears of low inflation

Latest Fed minutes detail inflation concerns, point to caution on rate moves.

US housing starts fall 2.8% in October

Commerce Department print disappoints expectations of a small rise, but building permits rise.

US producer prices lift in October

Labor Department data surprises expectations as gauge rebounds from previous month's dip.

US industrial production slips in October

Modest gain for manufacturers couldn't offset declines in volatile utility and mining sectors.

US consumer sentiment rises: report

Consumers feeling their most optimistic about the economy since before financial crisis.

US retail sales lift 0.3% in October

Rebound slightly higher than expected as low petrol prices boost household spending.

US import prices fall in October

Prices see largest monthly decline in over two years as low oil costs, weak global growth weigh.

The Week Ahead

Local investors and analysts will be keeping a close eye on the RBA's board minutes, while manufacturing data will hog the spotlight abroad.

Fed can't ignore world economy: Yellen

Fed chair says central bank must not limit its focus to strength of US economy.

Wal-Mart books rare lift in US sales

October quarter data shows same-store sales rising for first time in two years.