Russia's central bank decided to lift its key rate unexpectedly on Friday as geopolitical tensions increased risks of inflation amid rising threats to growth. The Board of Directors of Bank of Russia raised the key rate by 50 basis points to 8 percent. The bank was widely expected to leave rates unchanged. The rate has been hiked by a cumulative 250 basis points since February.
Germany consumer confidence is set to improve further in August to the strongest level since December 2006 despite escalating geopolitical tensions in Israel and Ukraine, data from market research group GfK showed Friday. The forward-looking consumer sentiment index rose to 9 in August, while it was expected to remain unchanged at 8.9. This was the highest value recorded since December 2006.
Consumer prices in Japan climbed 3.6 percent on year in June, the Ministry of Internal Affairs and Communications said on Friday.
That topped forecasts for 3.5 percent, also slowing from 3.7 percent in May.
Core CPI, which strips out the volatile costs of food, advanced 3.3 percent on year - matching...
The dollar was generally stronger on Thursday, holding near an 8-month peak versus the euro after a surprisingly positive U.S. jobless claims report.
U.S. initial jobless claims unexpectedly fell to their lowest level in over eight years in the week ended July 19th.
Initial jobless claims slid...
New home sales in the U.S. showed a notable decrease in the month of June, according to a report released by the Commerce Department on Thursday, with the steep drop offsetting the jump seen in the previous month.
After reporting a modest drop 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 unexpectedly fell to their lowest level in over eight years in the week ended July 19th.
U.K. retail sales increased only marginally in June on weak clothing sales as stores delayed summer clearances due to good weather, data from the Office for National Statistics showed Thursday. However, retail sales during the second quarter hit a 10-year high, signaling strong support from consumer demand to overall economic growth.
The Eurozone private sector growth rebounded at the start of the third quarter from a six-month low as strong expansion in Germany neutralized the contraction in France. The flash composite output index rose to 54 in July to match April's three-year high level, flash survey data from Markit Economics showed Thursday. A reading above 50 indicates expansion in the private sector.
South Korea announced a $11.4 billion stimulus plan to stimulate the economy, which logged its slowest growth in more than a year on weak private spending. The finance ministry announced policy financing support for small businesses and to boost household income. The ministry increased the lending ceiling for businesses to $15 billion from $10 billion.
The New Zealand dollar tumbled against the other major currencies in Asian deals on Thursday, as Reserve Bank of New Zealand governor Graeme Wheeler warned that the level of the domestic currency cannot be justified and "there is potential for a significant fall." The central bank decided to raise the...
China's manufacturing activity grew at the quickest pace in eighteen months in July, exceeding economists' expectations, results of a preliminary survey by Markit Economics and HSBC Bank showed Thursday.
The HSBC flash China manufacturing purchasing managers' index climbed to 52.0 in July from 50.7...
The expansion in Japan's manufacturing sector slowed slightly in July, Markit Economics said in Thursday's preliminary PMI reading - which came in with a score of 50.8.
That was shy of forecasts for 52.0, and it was down from 51.5 in June.
A reading above 50 indicates expansion in a sector, while...
Japan posted a merchandise trade deficit of822.2 billion yen in June, the Ministry of Finance said on Thursday - remaining in the red for a record 24th straight month.
That missed forecasts for a shortfall of 642.9 billion yen following the 910.8 billion yen deficit in May.
Exports were down 2.0...
South Korea's gross domestic product expanded 3.6 percent on year in the second quarter of 2014, the Bank of Korea said in Thursday's preliminary estimate.
That beat forecasts for an increase of 3.3 percent, although it slowed from the 3.9 percent gain in the first quarter.
On a seasonally adjusted...
New Zealand posted a merchandise trade surplus of NZ$247 million in June, Statistics New Zealand said on Thursday - representing 5.9 percent of exports.
That beat expectations for a surplus of NZ$100 million following the downwardly revised surplus of NZ$270 million in May (originally NZ$285 million).