German exports recovered in October but the pace of growth was weaker-than-expected, resulting in a fall in trade surplus. Exports grew 0.5 percent in October from September, when shipments slid 1 percent, figures from Destatis revealed Friday. Nonetheless, the pace of growth was weaker than the expected 0.9 percent. Likewise, imports advanced 1.3 percent.
China's factory gate inflation increased to a more than five-year high in November on higher commodity prices and consumer price inflation exceeded expectations due to rising food costs. Producer price inflation accelerated notably to 3.3 percent from 1.2 percent in the previous month, the National Bureau of Statistics showed Friday. Inflation was expected to rise to 2.3 percent.
Foreign trade data from Germany and the U.K. are due on Friday, headlining a light day for the European economic news.
Overall credit card spending in New Zealand slipped a seasonally adjusted 0.3 percent on month in November, Statistics New Zealand said on Friday.
That missed expectations for a gain of 0.1 percent following the 0.5 percent increase in October.
Retail card spending sank 0.1 percent on month to...
The dollar is rising against all of its major competitors Thursday afternoon. However, the gains are the most pronounced in comparison to the Euro after today's announcement from the European Central Bank threw investors a bit of a curveball.
The European Central Bank surprised markets on Thursday...
European Central Bank President Mario Draghi asserted that the option of scaling back bond purchases gradually to zero, or 'tapering', was not discussed by policymakers on Thursday, but said the bank was ready to extend and boost stimulus when needed.
The euro fell against its major counterparts in the European session on Thursday, retreating from its recent highs, after the European Central Bank kept its key interest rates on hold and decided to extend its monthly bond buying program till the end of December 2017, although at a slower pace of 60...
After reporting first-time claims for U.S. unemployment benefits at a five-month high in the previous week, the Labor Department released a report on Thursday showing that initial jobless claims pulled back in the week ended December 3rd.
The European Central Bank surprised markets on Thursday when it announced that bond purchases will be extended till the end of next year, which is longer-than-expected, but its pace will ease after March.
China's exports grew unexpectedly in November as a weaker yuan underpinned foreign demand, while imports logged a notable gain on domestic orders. Data from the General Administration of Customs showed that exports edged up 0.1 percent from a year ago in dollar terms, confounding expectations for a decline of 5 percent.
The European Central Bank announces the outcome of its governing council meeting on Thursday. The bank is widely expected to keep its key interest rates unchanged.
Australia posted a seasonally adjusted merchandise trade deficit of A$1.541 trillion in October, the Australian Bureau of Statistics said on Thursday.
That was well shy of forecasts for a deficit of A$610 million following the downwardly revised A$1.272 trillion shortfall in September (originally...
Japan's gross domestic product was bumped down to +0.3 percent on quarter in the third quarter of 2016, the Cabinet Office said in Thursday's final revision.
That missed expectations for 0.5 percent, which would have been unrevised from the November 14 preliminary reading.
GDP was up 0.2 percent...
The dollar is turning in a mixed performance Wednesday afternoon. The buck is down against the Euro and the Japanese Yen, but is up against the British pound. There was very little economic data to drive the direction of trading today. Traders can look forward to weekly jobless claims data tomorrow morning...
European Central Bank President Mario Draghi will likely announce an extension of asset purchases by the central bank beyond March 2017 on Thursday, hoping to spread some Christmas cheer amid the high political uncertainty, especially after the 'no' vote in the Italian referendum last weekend.