David Semmens News
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Sales of previously owned U.S. homes probably rose in February to an almost two-year high, adding to signs of stabilization in the real-estate market, economists said before a report today.
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Manufacturing in the Philadelphia region expanded in February at the fastest pace in four months as orders and sales picked up.
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Manufacturing in the Philadelphia region expanded in January for a fourth month as orders grew the most since September 2004 and employment picked up.
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More Americans than forecast filed applications for unemployment benefits last week, signaling the labor market is struggling two years into the economic recovery.
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Service industries probably expanded in March at close to the fastest pace since 2005, a sign the U.S. economic expansion is broadening beyond manufacturing, economists said ahead of a report this week.
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Canada will raise interest rates before the U.S. Federal Reserve for the first time since 2002, as the country’s economy rebounds from a global recession faster than other Group of Seven countries.
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U.S. two-year note yields fell to a record low after the Federal Reserve Bank of Philadelphia’s general economic index dropped and weekly unemployment claims unexpectedly rose, adding to evidence of a faltering recovery.
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Swiss stocks gained as debt sales by Ireland and Spain eased concern that Europe faces a renewed sovereign debt crisis, while reports in the U.S. signaled that the economic recovery is intact.
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Applications for jobless benefits fell more than forecast last week, easing concern American employers are again slashing payrolls as the economy slows.
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Inventories at U.S. companies rose more than forecast in August as businesses anticipated faster growth in sales.
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