The dollar is turning in a mixed performance against its major rivals Wednesday afternoon. The Federal Reserve concluded its 2-day policy meeting this afternoon and, as expected, held steady on interest rates. However, the Fed opened the possibility of a rate hike in September, noting that "near-term...
Pending home sales in the U.S. rose by much less than expected in the month of June, the National Association of Realtors revealed in a report on Wednesday. NAR said its pending home sales index edged up by 0.2 percent to 111.0 in June after tumbling by 3.7 percent to 110.8 in May.
New orders for U.S. manufactured durable goods fell by much more than expected in the month of June, according to a report released by the Commerce Department on Wednesday. The report said durable goods orders tumbled by 4.0 percent in June following a revised 2.8 percent decrease in May.
Japanese Prime Minister Shinzo Abe on Wednesday said his government is set to unveil a stimulus package of more than 28 trillion yen ($266 billion) to boost the sluggish economy that is witnessing fragile growth and hardly any inflation.
The U.K. economy grew at a faster pace in the second quarter, weathering the uncertainty stemming from the run-up to the EU referendum. Gross domestic product expanded 0.6 percent in the three months to June from the previous quarter, preliminary estimates from the Office for National Statistics showed Wednesday.
Quarterly national accounts from the U.K. and consumer confidence from Germany are due on Wednesday, headlining a busy day for the European economic news.
Consumer prices in Australia advanced 1.0 percent on year in the second quarter of 2016, the Australian Bureau of Statistics said on Wednesday.
That was shy of forecasts for 1.1 percent and down from 1.3 percent in the three months prior.
On a quarterly basis, CPI added 0.4 percent - in line with...
The dollar is down slightly against the British pound and the Japanese Yen Tuesday afternoon, but is little changed overall. Investors are taking a wait and see approach ahead of tomorrow's announcement from the Federal Reserve.
The Fed is widely expected to leave interest rates unchanged when it...
Bank of England policymaker Martin Weale shifted his monetary policy stance after the release of negative business survey results and now favors an immediate stimulus to the economy. "I see things rather differently from what I would have done had we not had those numbers and the material point is that they were collected after July 12, so after the initial shock of the referendum," Weale said.
Mortgage approvals from the U.K. is due on Tuesday, headlining a light day for the European economic news.
South Korea's gross domestic product gained a seasonally adjusted, annualized 0.7 percent on quarter in the second quarter of 2016, the Bank of Korea said in Tuesday's preliminary reading.
That beat forecasts for an increase of 0.6 percent following the 0.5 percent gain in the first quarter.
New Zealand posted a merchandise trade surplus of NZ$127 million in June, Statistics New Zealand said on Tuesday - representing 3.0 percent of exports.
The headline figure missed expectations for a surplus of NZ$150 million and was down from NZ$358 million in May.
Exports came in at NZ$4.26 billion,...
The dollar is down slightly against all of its major rivals Monday afternoon, but is little changed overall. There has been no U.S. economic data to drive trading today and very little global economic data at the start of the new trading week. However, a large number of important U.S. reports are coming...
British business confidence plunged to its lowest level in seven-and-a-half years, after the surprise "Brexit" vote, survey results from the Confederation of British Industry (CBI) showed Monday. The quarterly CBI Industrial Trends survey showed that 52 percent of firms were less optimistic about the general business situation than three months ago, while 5 percent said they were more optimistic.
Germany's business sentiment weakened in July as the 'Brexit' vote made businesses less optimistic about their future. Nonetheless, they assessed a slight improvement in the current situation. The business climate index fell less-than-expected to 108.3 in July from 108.7 in June, survey results from the Munich-based Ifo economic institute showed Monday. The expected score was 107.5.