The dollar is up against all of its major competitors at the start of the new trading week, thanks to some better than expected economic data. Personal income and pending home sales both exceeded the expectations of economists. Investors will be watching for a number of important economic reports this...
Pending home sales in the U.S. increased by much more than expected in the month of February, according to a report released by the National Association of Realtors on Monday, with pending sales jumping to their highest level in twenty months.
Personal income in the U.S. increased by slightly more than expected in the month of February, according to a report released by the Commerce Department on Monday, although the report also showed that personal spending rose by less than anticipated.
Eurozone economic sentiment rose for the fourth successive month to its highest level in nearly four years as lower oil prices, weak euro and measures of the central bank boosted confidence among firms and consumers, survey figures from the European Commission showed Monday. The economic sentiment index climbed more-than-expected to 103.9 from 102.3 in February, which was revised from 102.1.
Economic confidence from the euro area and consumer prices from Germany are due on Monday, headlining a light day for the European economic news.
Industrial output in Japan dipped 3.4 percent on month in February, the Ministry of Economy, Trade and Industry said on Monday - falling for the first time in three months.
The headline figure missed forecasts for a decline of 1.9 percent following the 3.7 percent increase in January.
On a yearly...
The dollar is down slightly against all of its major competitors at the end of the trading week. Fourth quarter GDP came in weaker than anticipated this morning. The result came in unrevised, while economists were expecting an upward revision. However, consumer sentiment came in better than expected....
Consumer sentiment in the U.S. deteriorated by less than previously estimated in the month of March, according to a report released by the University of Michigan on Friday. The report showed that the final reading on the consumer sentiment index for March came in at 93.0.
Economic activity in the U.S. grew at an unrevised rate in the fourth quarter of 2014, according to the final estimate released by the Commerce Department on Friday. The report said gross domestic product increased by 2.2 percent in the fourth quarter.
U.K. house price growth softened for the seventh consecutive month to an 18-month low in March, the Nationwide Building Society reported Friday. House prices advanced 5.1 percent year-on-year in March, slower than February's 5.7 percent increase and a 5.3 percent rise forecast by economists. This was the slowest rate of growth since September 2013.
Consumer confidence from France is due on Friday, headlining a light day for the European economic news.
Overall consumer prices in Japan gained 2.2 percent on year in February, the Ministry of Communications and Internal Affairs said on Friday - below forecasts for 2.3 percent and down from 2.4 percent in January.
Core CPI, which excludes the volatile prices of food, added an annual 2.0 percent. That...
The dollar is gaining ground against its major European competitors Thursday and is bouncing back from early weakness against the Japanese Yen. Geopolitical concerns are partly responsible for the move, as well as the larger than expected decrease in U.S. weekly jobless claims.
After reporting a...
After reporting a modest uptick in first-time claims for U.S. unemployment benefits in the previous week, the Labor Department released a report on Thursday showing that initial jobless claims pulled back by more than expected in the week ended March 21st.
British retail sales continued to expand in February at a faster-than-expected pace, suggesting strong support from domestic spending to economic growth in the first quarter. Retail sales increased at a faster pace of 0.7 percent in February from January, when it gained 0.1 percent, data from the Office for National Statistics revealed Thursday.