The pound rose sharply against other major currencies in European morning deals on Wednesday as the nation's unemployment rate declined below the '7 percent threshold' during three months to February, underscoring the stronger recovery seen in the labor in recent months.
The data from the Office for...
Unemployment figures from the U.K. and final inflation from euro area are due on Wednesday, headlining a light day for the European economic news.
China's gross domestic product gained 7.4 percent on year in the first quarter of 2014, the National Bureau of Statistics said on Wednesday. That topped expectations for 7.3 percent following the 7.7 percent gain in the previous three months. Among the sub-industries, primary industry added 3.5 percent on year, while secondary industry jumped 7.3 percent and tertiary industry climbed 7.8 percent.
Consumer prices in New Zealand gained 0.3 percent on quarter in the first quarter of 2014, Statistics New Zealand said on Wednesday.
That was shy of forecasts for 0.5 percent, and it accelerated from the 0.1 percent gain in the previous three months.
Cigarette and tobacco prices were responsible...
The dollar gave up early gains on Tuesday amid disappointing news on the U.S. housing market.
The NAHB/Wells Fargo Housing Market index rose to 47 in April from a downwardly revised 46 in March, the group said in a statement. Economists expected a reading of 50.
There was little reaction to news...
Homebuilder confidence in the U.S. has seen a modest improvement in the month of April, according to a report released by the National Association of Home Builders on Tuesday. The report showed that the NAHB/Wells Fargo Housing Market Index edged up to 47 in April from a downwardly revised 46 in March.
Business activity for New York manufacturers was roughly flat in the month of April, the Federal Reserve Bank of New York said in a report on Tuesday, with the index of regional manufacturing activity showing an unexpected decrease. The New York Fed said its general business conditions index dropped to 1.3 in April from 5.6 in March, although a positive reading indicates growth.
Consumer prices in the U.S. rose by slightly more than expected in the month of March, according to a report released by the Labor Department on Tuesday, with the growth largely reflecting higher prices for food and shelter. The Labor Department said its consumer price index rose by 0.2 percent in March after inching up by 0.1 percent in each of the two previous months.
Investor sentiment in Germany weakened for a fourth straight month in April as the effect of the Ukraine crisis continued to weigh, results of a key survey showed Tuesday. Meanwhile, a larger Eurozone trade surplus for February helped to slightly ease concerns regarding a strong euro.
Consumer price inflation in the U.K. eased to the lowest level in four-and-a-half years during March and house price growth accelerated sharply in February, separate figures from the Office for National Statistics showed Tuesday.
The members of the Reserve Bank of Australia's monetary policy board said that the country's economic recovery remains slightly below trend, minutes from the central bank's April meeting revealed on Tuesday.
The members added that the RBA stimulus already imparted on the economy is still working its...
The dollar steadied on Monday after encouraging news on U.S. retail sales and some rather dovish remarks from European Central Bank officials.
ECB President Mario Draghi signaled his impatience with a euro that has grown strong enough to hurt exporters from the euro zone.
"The strengthening of...
Business inventories in the U.S. rose by less than expected in the month of February, according to a report released by the Commerce Department on Monday, although the report also showed a notable rebound in business sales during the month. The report showed that business inventories rose by 0.4 percent in February, matching the increase seen in January.
With Americans heading back to the stores after the unusually rough winter, the Commerce Department released a report on Monday showing that U.S. retail sales rose by more than expected in the month of March. The report showed that retail sales jumped by 1.1 percent in March after climbing by an upwardly revised 0.7 percent in February.
Eurozone industrial production expanded moderately in February underscoring the fragile nature of recovery in the currency bloc during the first quarter.
Industrial production grew 0.2 percent month-on-month in February, reflecting improvement in non-durable consumer goods and intermediate goods sectors, Eurostat said Monday. This was the first rise in production in three months.