Sharply reduced inflation expectations facilitates the Bank of England to keep interest rates down at 0.50 percent for some time to come, IHS Global Insight's Chief UK Economist Howard Archer said in a note.
European Central Bank Executive Board member Yves Mersch said prudential filters should be used uniformly in the bank stress tests.
The stress test should not be diluted by national interests, he said. That means that prudential filters must be applied homogeneously and must not be subject to discretion...
Chinese exports declined unexpectedly, while growth in imports accelerated in February, taking the trade balance surprisingly to a negative zone. Exports declined sharply by 18.1 percent, reversing the 10.6 percent increase in January, data from the General Administration of Customs showed Saturday. The decline was in contrast to a 7.5 percent rise forecast by economists.
Moody's raised the credit rating outlook for the Netherlands and Belgium to stable from negative, on Friday.
The rating agency raised the Dutch rating outlook to stable and affirmed the country's AAA rating.
The rating outlook was raised as the Dutch government balance sheet is unlikely to be...
With an increase in non-revolving credit more than offsetting a modest drop in revolving credit, the Federal Reserve released a report on Friday showing that U.S. consumer credit rose roughly in line with economist estimates in January. The report said consumer credit increased by $13.7 billion in January following a downwardly revised $15.9 billion increase in December.
The Canadian economy unexpectedly shed 7,000 jobs in February, official data showed Friday.
Part-time positions were down by 25,900, while full-time payrolls rose by 18,900, according to figures from Statistics Canada.
Cuts in the public sector kept the Canadian unemployment rate at 7 percent for...
With imports increasing by slightly more than exports, the Commerce Department released a report on Friday showing that the U.S. trade deficit edged wider in the month of January. The report showed that the trade deficit widened to $39.1 billion in January from a revised $39.0 billion in December.
Employment in the U.S. increased by more than anticipated in the month of February, according to a report released by the Labor Department on Friday, although the unemployment rate still unexpectedly ticked higher. The Labor Department said non-farm payroll employment rose by 175,000 jobs in February compared to economist estimates for an increase of about 150,000 jobs.
With imports increasing by slightly more than exports, the Commerce Department released a report on Friday showing that the U.S. trade deficit edged wider in the month of January.
Employment in the U.S. increased by more than anticipated in the month of February, according to a report released by the Labor Department on Friday, although the unemployment rate still unexpectedly ticked higher.
German industrial production increased for a third straight month in January, as a mild winter boosted construction output, and signaled accelerating momentum in euro area's biggest economy. Industrial production rose a seasonally-and-calendar-adjusted 0.8 percent month-on-month, following a 0.1 percent rise in December, which was revised from a 0.6 percent fall.
Ireland's industrial production increased in January, recovering from a slump in the previous month, data from the Central Statistics Office showed Friday.
Industrial production rose 0.9 percent month-on-month, after a 2.2 percent decline in December. Manufacturing output grew 0.4 percent, the smallest...
Italy's producer prices continued to fall in January, albeit at a slightly slower pace, figures from ISTAT showed Friday.
Overall producer prices declined 1.5 percent year-on-year, after falling 1.8 percent in both November and December. Prices fell for the eleventh month in a row. The latest decrease...
Iceland's economy grew for a second quarter in a row in the final three months of 2013, but the pace of growth slowed sharply, data from Statistics Iceland showed Friday.
Gross domestic product rose a seasonally adjusted 0.3 percent quarter-on-quarter, following 5.8 percent expansion in third quarter,...
German industrial production increased for a third straight month in January, official data showed Friday.
Industrial production rose a seasonal-and-calendar-adjusted 0.8 percent month-on-month, following a 0.1 percent rise in December, which was revised from a 0.6 percent fall, the Ministry of Economy...