The dollar is up against the Japanese Yen and the British pound Thursday afternoon, but is nearly unchanged in comparison to the Euro. With yesterday's announcement from the Federal Reserve behind them, investors are looking forward to Friday's announcement from the Bank of Japan. While the Fed made...
First-time claims for U.S. unemployment benefits rose by slightly more than expected in the week ended July 23rd, according to a report released by the Labor Department on Thursday. The report said initial jobless claims climbed to 266,000, an increase of 14,000 from the previous week's revised level of 252,000.
Germany's unemployment declined more-than-expected in July and the jobless rate held steady at the lowest level since reunification, despite heightened uncertainty from "Brexit". Separate official data showed that consumer prices increased for a third straight month in July and at the fastest pace in six months. Both headline inflation and the EU measure rose to 0.4 percent.
Eurozone economic confidence strengthened unexpectedly in July indicating that the single-currency region shrugged off the negative impact from the "Brexit" vote, while the weakness was evident in the European Union and the U.K.
Economic confidence from euro area and unemployment from Germany are due on Thursday, headlining a busy day for the European economic news.
The dollar is turning in a mixed performance against its major rivals Wednesday afternoon. The Federal Reserve concluded its 2-day policy meeting this afternoon and, as expected, held steady on interest rates. However, the Fed opened the possibility of a rate hike in September, noting that "near-term...
Pending home sales in the U.S. rose by much less than expected in the month of June, the National Association of Realtors revealed in a report on Wednesday. NAR said its pending home sales index edged up by 0.2 percent to 111.0 in June after tumbling by 3.7 percent to 110.8 in May.
New orders for U.S. manufactured durable goods fell by much more than expected in the month of June, according to a report released by the Commerce Department on Wednesday. The report said durable goods orders tumbled by 4.0 percent in June following a revised 2.8 percent decrease in May.
Japanese Prime Minister Shinzo Abe on Wednesday said his government is set to unveil a stimulus package of more than 28 trillion yen ($266 billion) to boost the sluggish economy that is witnessing fragile growth and hardly any inflation.
The U.K. economy grew at a faster pace in the second quarter, weathering the uncertainty stemming from the run-up to the EU referendum. Gross domestic product expanded 0.6 percent in the three months to June from the previous quarter, preliminary estimates from the Office for National Statistics showed Wednesday.
Quarterly national accounts from the U.K. and consumer confidence from Germany are due on Wednesday, headlining a busy day for the European economic news.
Consumer prices in Australia advanced 1.0 percent on year in the second quarter of 2016, the Australian Bureau of Statistics said on Wednesday.
That was shy of forecasts for 1.1 percent and down from 1.3 percent in the three months prior.
On a quarterly basis, CPI added 0.4 percent - in line with...
The dollar is down slightly against the British pound and the Japanese Yen Tuesday afternoon, but is little changed overall. Investors are taking a wait and see approach ahead of tomorrow's announcement from the Federal Reserve.
The Fed is widely expected to leave interest rates unchanged when it...
Bank of England policymaker Martin Weale shifted his monetary policy stance after the release of negative business survey results and now favors an immediate stimulus to the economy. "I see things rather differently from what I would have done had we not had those numbers and the material point is that they were collected after July 12, so after the initial shock of the referendum," Weale said.
Mortgage approvals from the U.K. is due on Tuesday, headlining a light day for the European economic news.