Germany's investor confidence weakened to a level last seen in late 2012 amid concerns that the rising geopolitical tensions are hurting the European economy, data from the Centre for European Economic Research/ZEW showed Tuesday. The ZEW economic sentiment index fell to 6.9 in September from 8.6 in August. The index has been falling since last January and matched the score seen in December 2012.
U.K. inflation slowed marginally as expected in August on falls in prices of motor fuels and food, data from the Office for National Statistics revealed Tuesday. Factory-gate prices declined for the second straight month indicating benign inflationary pressures in the pipeline. Consumer prices rose 1.5 percent year-on-year in August, slower than the 1.6 percent rise in July.
The still-high levels of the exchange rate in Australia may be weighing on the investment of firms in the traded sector, Reserve Bank of Australia Assistant Governor Christopher Kent said on Tuesday in a speech at the Bloomberg Summit in Sydney.
Speaking about investments outside the mining sector,...
Members of the Reserve Bank of Australia's monetary policy board said that the country's economy will continue to grow at a pace that is slightly above average, minutes from the central bank's September 2 meeting revealed on Tuesday.
With that in mind, the board says to expect a period of stability...
The dollar was little changed for a third day in a row Monday, as traders looked ahead to the Federal Reserve's monetary policy announcement later in the week.
On Wednesday, the Fed is widely expected to announce a further reduction in the pace of its asset purchases, although traders are likely to...
With manufacturing output falling for the first time since January, the Federal Reserve released a report on Monday showing that U.S. industrial production unexpectedly decreased in the month of August. The report said industrial production edged down by 0.1 percent in August.
Business activity in the New York manufacturing sector has expanded at a robust pace in the month of September, according to a report released by the Federal Reserve Bank of New York on Monday, with the index of activity in the sector jumping to its highest level in almost five years.
The Organization for Economic Cooperation and Development on Monday downgraded its growth outlook for major developed nations and urged the European Central Bank to take further steps to boost demand as slow growth in the euro area was the most worrying feature of the projections.
While a stable government helps India to stand out among its emerging market peers, the economic recovery remains uneven amid weak industrial production and easing inflation, Reserve Bank of India Governor Raghuram Rajan said Monday. Speaking at a banking conference in Mumbai, Rajan said, "Recovery is still uneven."
Chinese industrial production and retail sales increased at slower than expected rates in August, data from the National Bureau of Statistics showed Saturday. The data has served to accentuate growth fears and expectations of additional stimulus as the world's second largest economy struggles to achieve...
The dollar held most of its strong recent gains on Friday amid rising speculation the Federal Reserve will hike interest rates ahead of schedule.
Bank of America Merrill Lynch changed its dovish outlook and is now forecasting the first rate increase to occur in June 2015, three months ahead of its...
Business inventories in the U.S increased in line with economist estimates in the month of July, according to a report released by the Commerce Department on Friday. The Commerce Department said business inventories rose by 0.4 percent in July, matching the increase reported for June as well as the consensus estimate.
Consumer sentiment in the U.S. has improved by more than expected in the month of September, according to a report released by Thomson Reuters and the University of Michigan on Friday. The report said the preliminary reading on the consumer sentiment index for September came in at 84.6 compared to the final August reading of 82.5.
Reflecting a steep drop in prices for imported fuel, the Labor Department released a report on Friday showing a notable decrease in U.S. import prices in the month of August. The report said import prices fell by 0.9 percent in August following a revised 0.3 percent drop in July.
With auto sales showing a significant increase, the Commerce Department released a report on Friday showing that U.S. retail sales increased in line with economist estimates in the month of August. The Commerce Department said retail sales climbed by 0.6 percent in August.