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BillnNZ-052616.jpg The New Zealand government forecast the budget surplus to increase through 2020 as the economy expands at faster pace. "We have solid economic growth and the Government's books are in good shape - giving us options we didn't have eight years ago," Finance Minister Bill English said in his annual budget on Thursday.

EEP12-011515_26May16.jpg Revised quarterly national accounts data from the U.K. is due on Thursday, headlining a light day for the European economic news.

EURUSD2-052516.jpg The dollar is trading lower against its major European rivals Wednesday afternoon after a "major breakthrough" in talks between Eurozone finance ministers and Greece to unlock 10.3 billion euros in new bailout loans. There was no U.S. economic data to drive the direction of trading Wednesday. However,...

GBC-052516.jpg German business confidence strengthened more-than-expected to a 5-month high in May as companies were more satisfied with their current situation and turned noticeably optimistic regarding months ahead despite "Brexit" fears, results of a key survey showed Wednesday. Consumer morale is set to strengthen in June as the economy is expected to grow over coming months, a separate survey revealed.

Eurogroup-052516.jpg Greece's creditors agreed early Wednesday to release the next tranche of bailout funds and allowed debt relief after the International Monetary Fund relaxed its tough stance. After the meeting in Brussels on Tuesday, Eurozone finance ministers welcomed the accord reached between Greece and the institutions that paved the way for the disbursement of EUR 10.3 billion bailout fund.

EEP10-011515_25May16.jpg Business and consumer sentiment survey results are due from Germany on Wednesday, headlining a light day for the European economic news.

singapore1-081009.jpg Singapore's gross domestic product gained a seasonally adjusted, annualized 0.2 percent on quarter in the first quarter of 2016, the Ministry of Trade and Industry said in Wednesday's final revision. That was up from the flat reading in last month's advance estimate, although it misses expectations...

NewZealandcpi-071510.jpg New Zealand posted a merchandise trade surplus of NZ$292 million in April, Statistics New Zealand said on Wednesday - representing 6.8 percent of exports. The headline figure topped forecasts for a surplus of NZ$25 million and was up from NZ$117 million in March. Exports climbed NZ$166 million...

GBPUSD-052416.jpg The dollar is losing ground against the British pound after the latest polls showed a surge in support for the U.K. to remain a member of the European Union. Meanwhile, the buck is climbing against both the Euro and the Japanese Yen. The latest ORB Telegraph poll showed the supporters for remain camp...

newhomeasles-052416.jpg After reporting an unexpected decrease in U.S. new home sales in the previous month, the Commerce Department released a report on Tuesday showing a substantial rebound in sales in the month of April. The Commerce Department said new home sales surged up by 16.6 percent to an annual rate of 619,000 in April.

GermanZEW-052416.jpg German economic sentiment unexpectedly weakened in May as financial experts found it unlikely that the biggest euro area economy would repeat its stellar first quarter performance as the uncertainty linked to the "Brexit" clouded outlook.

EEP13-011515_24May16.jpg Economic confidence and revised quarterly national accounts from Germany are due on Tuesday, headlining a busy day for the European economic news.

EUR-USD-052316.jpg The dollar is trading nearly flat against its major European rivals Monday afternoon, after paring its early gains. Meanwhile, the U.S. currency is losing ground against the Japanese Yen following the release of a slew of Japanese economic data. There has been no U.S. economic data to drive the direction...

ECBPeterPraet-052316.jpg The risks of a de-anchoring of inflation expectations to below 1 percent or close to zero in the euro area have increased and hence, the central bank acted forcefully, ECB Executive Board member Peter Praet said in an interview to newspaper, published Monday.

Eurozonepmi-052316.jpg Eurozone private sector growth weakened to the lowest level in more than a year in May as improvements in Germany and France were offset by softening of activity outside the big-two economies. The flash composite output index fell unexpectedly to a 16-month low of 52.9 from 53 in April, the results of the Purchasing Managers' Survey by Markit Economics revealed Monday.

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