The British economy expanded at the slowest pace since 2012, reflecting contraction in construction and industrial activity, preliminary estimate published by the Office for National Statistics revealed Tuesday. Gross domestic product expanded 0.3 percent sequentially during the January to March period, the slowest growth since the fourth quarter of 2012.
Quarterly national accounts from the U.K. is due on Tuesday, headlining a light day for the European economic news.
A leading economic index for Australia gained for the third straight month in February, the latest survey from the Conference Board showed on Tuesday, gaining 0.5 percent.
That follows the 0.4 percent increase in January and the 0.5 percent gain in December.
For the six-month period ending in February,...
The total value of retail sales in Japan tumbled 9.7 percent on year in March, the Ministry of Economy, Trade and Industry said on Tuesday - coming in at 12.396 trillion yen.
That missed forecasts for a decline of 7.5 percent following the 1.7 percent contraction in February.
Sales from large retailers...
The dollar is down slightly against both the Euro and pound sterling at the start of the new trading week, but is basically unchanged against the Japanese Yen. The lack of U.S. economic data is keeping many investors on the sidelines. Investors are also reluctant to take positions ahead of the Federal...
Fitch Ratings downgraded sovereign ratings of Japan citing the lack of structural measures to replace the deferred sales tax hike. The credit rating was lowered to 'A' from 'A+' and the outlook on the rating was stable. Fitch had placed Japan's issuer default ratings on Rating Watch Negative on December 9, 2014.
The dollar is adding to its recent weakness against is major competitors at the end of the trading week. Many investors are now shifting their focus to next week. The Federal Reserve will conclude its 2-day policy meeting next week Wednesday and the Bank of Japan will wrap up its policy meeting next...
New orders for U.S. manufactured durable goods increased by much more than expected in the month of March, according to a report released by the Commerce Department on Friday, although the jump was primarily due to strength in the volatile transportation sector.
German business confidence strengthened for the sixth straight month to a 10-month high in April reflecting the continuing upswing in the economy, but firms turned less optimistic about the business outlook. The business confidence index rose more-than-expected to 108.6 in April from 107.9 in March, the results of a survey by Munich-based Ifo Institute showed Friday.
Business confidence from Germany is the major report due on Friday, headlining a light day for the European economic news.
The dollar is losing ground against all of its major competitors Thursday, following the release of a pair of disappointing economic reports. Weekly jobless claims logged an unexpected increase, while new home sales came in weaker than anticipated. Investor optimism for a resolution to the situation...
After reporting a notable increase in U.S. new home sales in the previous month, the Commerce Department released a report on Thursday showing that new home sales pulled back by much more than expected in the month of March.
First-time claims for U.S. unemployment benefits unexpectedly saw a modest increase in the week ended April 18th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims edged up to 295,000.
U.K. retail sales declined for the first time in six months in March on petrol sales, casting doubt over economic growth gaining strength at the start of the year. Public sector finance data revealed that Chancellor George Osborne undershot the fiscal targets for 2014-15 ahead of the general election on May 8.
Eurozone private sector growth pulled back from March's 11-month high in April as concerns over Greece crisis started to weigh on economic activity despite the boost from the European Central Bank's quantitative easing. The flash composite output index fell unexpectedly to 53.5 in April from 54 in March, according to the purchasing managers' survey results published by Markit Economics. The expec