New orders for U.S. manufactured goods saw a significant increase in the month of October, the Commerce Department revealed in a report on Tuesday. The Commerce Department said factory orders surged up by 2.7 percent in October after climbing by 0.6 percent in September. The jump in factory orders matched economist estimates.
The U.S. trade deficit widened roughly in line with estimates in the month of October, according to a report released by the Commerce Department on Tuesday.
Germany's factory orders grew at the fastest pace in more than two years in October, suggesting robust economic activity at the end of this year. Factory orders grew 4.9 percent month-on-month in October, reversing a revised 0.3 percent drop in September, figures from Destatis showed Tuesday.
Australia's central bank maintained its key interest rate unchanged at a record low on Tuesday, as policymakers expect higher commodity prices to boost national income. The board of the Reserve Bank of Australia, governed by Philip Lowe, decided to retain the cash rate at 1.50 percent. The bank had reduced the rate by 25-basis points each in August and May.
Factory orders from Germany and final GDP from euro area are due on Tuesday, headlining a light day for the European economic news.
Australia's seasonally adjusted current account deficit narrowed to A$11.358 billion in the third quarter of 2016, the Australian Bureau of Statistics said on Tuesday - owing to higher export commodity prices.
That follows the A$15.943 billion shortfall in the three months prior.
The balance on...
The dollar is down sharply against the Euro Monday afternoon, but is little changed against its other major rivals. The strength in the Euro is due to the muted reaction that investors have had towards the results of the Italian referendum.
Italian Prime Minister Matteo Renzi plans to resign following...
Growth in the U.S. service sector saw a significant acceleration in the month of November, according to a report released by the Institute for Supply Management on Monday.
The ISM said its non-manufacturing index climbed to 57.2 in November from 54.8 in October, with a reading above 50 indicating growth in the service sector.
Eurozone retail sales rebounded in October after falling for two straight months and the private sector expanded at the fastest pace so far this year indicating a robust economic growth at the end of this year, separate reports showed Monday. Retail sales volume climbed 1.1 percent month-on-month in October, largely driven by non-food sales, Eurostat reported Monday.
UK services sector grew for a fourth straight month in November at the fastest pace in 10 months amid solid growth in orders and rising employment. The purchasing managers' index, or PMI, for the services sector rose to 55.2 from 54.5 in October.
China's private sector registered the strongest growth in more than three years in November, survey data from IHS Markit showed Monday. The Caixin China Composite Purchasing Managers' Index was 52.9 in November, unchanged from October's 43-month high.
Retail sales and final composite Purchasing Managers' survey from euro area are the major reports due on Monday.
Company operating profits in Australia advanced a seasonally adjusted 1.0 percent on quarter in the third quarter of 2016, the Australian Bureau of Statistics said on Monday.
That missed forecasts for an increase of 3.0 percent following the downwardly revised 6.5 percent gain (originally 6.9 percent).
The dollar is losing ground against its major rivals Friday afternoon, following the release of the all important November employment report. The increase in employment and the drop in the unemployment rate has further cemented the opinion among traders that they can likely expect a rate hike by the...
Employment in the U.S. increased by a little more than economists had been anticipating in the month of November, according to a report released by the Labor Department on Friday. The report said non-farm payroll employment climbed by 178,000 jobs in November following a downwardly revised increase of 142,000 jobs in October.