After reporting a steep drop in new orders for U.S. manufactured durable goods in the previous month, the Commerce Department released a report on Thursday showing that durable goods orders rebounded by more than expected in the month of July. The Commerce Department said durable goods orders surged up by 4.4 percent.
First-time claims for U.S. unemployment benefits unexpectedly saw another modest decrease in the week ended August 20th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims edged down to 261,000.
German business confidence dropped unexpectedly to a 6-month low in August and marked the biggest monthly fall in more than four years as companies assessed the current situation and future expectations more poorly after Britons voted to exit the EU. The business sentiment index dropped to 106.2 in August from 108.3 in July, results of the Ifo survey showed Thursday.
Business confidence from Germany is due on Thursday, headlining a light day for the European economic news.
The dollar is turning in a mixed performance Wednesday afternoon, but is little changed overall. Today was another light day in terms of economic data, but several important reports are due to be released in the next 2 days. Durable goods orders and weekly jobless claims are scheduled for Thursday, while...
Existing home sales in the U.S. tumbled by much more than anticipated in the month of July, according to a report released by the National Association of Realtors on Wednesday. NAR said existing home sales slumped 3.2 percent to an annual rate of 5.39 million in July.
Germany's economy expanded in the second quarter on the back of foreign trade and spending, providing support to overall euro area expansion, which was weighed down by flat growth in France and Italy ahead of "Brexit" vote.Gross domestic product climbed 0.4 percent quarter-on-quarter, in line with the preliminary estimate, but slower than the 0.7 percent expansion seen in the March quarter.
Revised quarterly national accounts from Germany is due on Wednesday, headlining a light day for the European economic news.
The total value of construction work done in Australia was down a seasonally adjusted 3.7 percent on quarter in the second quarter of 2016, the Australian Bureau of Statistics said on Wednesday - standing at A$47.419 billion.
That missed forecasts for a decline of 2.0 percent following the 2.6 percent...
New Zealand posted a merchandise trade deficit of NZ$433 million in July, Statistics New Zealand said on Wednesday - or 11 percent of exports.
The headline figure missed forecasts for a shortfall of NZ$325 million following the downwardly revised surplus of NZ$110 million in June (originally NZ$127...
The dollar is trading slightly lower against all of its major rivals Tuesday afternoon. There has been little U.S. economic data to drive the direction of trading, while private sector data from the Eurozone was positive.
Investors remain in a cautious mood after the hawkish comments from some Fed...
New home sales in the U.S. unexpectedly saw a substantial increase in the month of July, according to a report released by the Commerce Department on Tuesday. The report said new home sales jumped 12.4 percent to an annual rate of 654,000 in July from the revised June rate of 582,000.
Eurozone private sector expanded at the fastest pace in seven months in August, mirroring no major signs of "Brexit" impact in the region. The composite output index rose unexpectedly to 53.3 in August from 53.2 in July, flash results from Markit's Purchasing Managers' survey showed Tuesday.
Flash Purchasing Managers' survey data from euro area is due on Tuesday, headlining a light day for the European economic news.
The dollar gave back early gains versus European majors Monday amid uncertainty about the outlook for U.S. interest rates.
On a day bereft of first-tier economic data, traders were looking ahead to later in the week, particularly the Federal Reserve's annual Jackson Hole symposium.