Latest Economic outlook News

US consumer confidence weakens in March

Mar. 26, 2019 11:25 AM EDT

WASHINGTON (AP) — American consumers were feeling less confident this month amid continued volatility in the financial markets. The Conference Board, a business research group, reported Tuesday that its consumer confidence index fell to 124.1 in March from 131.4 in February. The index, covering through...

Correction: Financial Markets story

Mar. 26, 2019 8:28 AM EDT

In a story March 22 about the financial markets, The Associated Press misspelled the name of asset management company Schroders. A corrected version of the story is below: Stocks, bond yields fall sharply as growth worries spread New signs the global economic growth is slowing roiled Wall Street Friday,...

Asian stocks rebound after slide on growth worries

Mar. 26, 2019 12:58 AM EDT

BEIJING (AP) — Asian stock prices rebounded Tuesday after global markets slid on worries about U.S. and European economic growth. Tokyo's Nikkei 225 index rose 1.8 percent to 21,362.60 and Hong Kong's Hang Seng gained 0.5 percent to 28,663.04. The Shanghai Composite Index was unchanged at 3,043.02 and...

Slower manufacturing likely drag on small business optimism

Mar. 25, 2019 5:02 PM EDT

NEW YORK (AP) — The growing evidence of a slowdown in manufacturing is likely contributing to the dip in small business optimism that began early in the year. Reports this month from the government and an industry group point to a drop in manufacturing activity. While the manufacturing sector is a...

Markets Right Now: Stock indexes end an indecisive day mixed

Mar. 25, 2019 4:15 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks ended an indecisive day of trading more or less where they started as traders try to make sense of newly pessimistic views on the economy. They're also parsing another troubling drop in long-term bond yields...

Survey: Business economists see slowdown in growth this year

Mar. 25, 2019 6:26 AM EDT

WASHINGTON (AP) — The nation's business economists foresee a sharp slowdown in U.S. economic growth over the next two years, in sharp contrast to the Trump administration's predictions that growth will accelerate this year and next. That finding comes from the latest survey by the National Association for...

German business confidence climbs after 6-month decline

Mar. 25, 2019 5:16 AM EDT

BERLIN (AP) — A closely watched survey shows that business confidence in Germany, Europe's biggest economy, is improving after six months of declines. The Ifo institute said Monday that its monthly confidence index rose to 99.6 points in March from 98.7 in February. Managers' assessment of their current...

In China, Apple's Cook says he's bullish on global economy

Mar. 23, 2019 4:54 AM EDT

BEIJING (AP) — Apple CEO Tim Cook said Saturday that he is "extremely bullish" about the global economy based on the amount of innovation underway, and urged China to continue to "open up" amid complaints from the U.S. and others that it is shutting foreign firms out of key high-tech industries. In a...

Asian stocks stumble on doubts over US-China trade deal

Mar. 22, 2019 12:16 AM EDT

SINGAPORE (AP) — Asian markets were mostly lower on Friday as caution set in ahead of U.S.-China trade talks in Beijing next week. The Shanghai Composite index gave up 0.8 percent to 3,077.56 and Hong Kong's Hang Seng lost 0.5 percent to 28,913.55. The Kospi in South Korea was flat at 2,184.94. Japan's...

European shares shaken by Brexit jitters after gains in Asia

Mar. 21, 2019 8:47 AM EDT

BANGKOK (AP) — Shares were mostly lower in Europe on Thursday and headed for a lower open on Wall Street amid Brexit uncertainties and after the Federal Reserve promised not to raise interest rates this year. Britain's FTSE 100 added 0.3 percent to 7,311, while the DAX in Germany lost 0.9 percent to...