With a firming job market helping to unleash pent-up demand for new homes, the National Association of Home Builders released a report on Wednesday showing that U.S. homebuilder confidence jumped to its highest level in almost nine years in September.
With a substantial decrease in energy prices more than offsetting higher prices for food and shelter, the Labor Department released a report on Wednesday showing an unexpected drop in U.S. consumer prices in the month of August.
Policymakers of the Bank of England split on the rate decision in September as two members repeated their call for a quarter- point hike given the rapid absorption of slack with economic growth. The British unemployment rate continued to fall in July, reaching the lowest since late 2008, and jobless claims declined more than expected in August.
Singapore's non-oil domestic exports (NODX) rebounded in August, exceeding the consensus estimate, a report from the International Enterprise Singapore showed Wednesday.
NODX recovered by 6 percent year-over-year in August following the 3.3 percent drop in July. This was faster than the 2.5 percent...
New Zealand posted a seasonally adjusted current account deficit of NZ$2.0 billion in the second quarter of 2014, Statistics New Zealand said on Wednesday.
That followed the downwardly revised NZ$0.6 billion shortfall (originally a surplus of NZ$1.407 billion).
"The value of goods exports fell...
The dollar wavered Tuesday, giving back some of its strong recent gains against European rivals ahead of a crucial monetary policy announcement from the Federal Reserve.
The Fed is expected to end a two-day meeting tomorrow with a vote to further trim its quantitative easing program while keeping...
After reporting a modest uptick in U.S. producer prices in the previous month, the Labor Department released a report on Tuesday showing that producer prices came in unchanged in the month of August. The Labor Department said its producer price index for final demand was unchanged in August after inching up by 0.1 percent in July.
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.