New orders for U.S. manufactured goods unexpectedly saw a modest decrease in the month of January, according to a report released by the Commerce Department on Thursday. The report said factory orders edged down by 0.2 percent in January.
The European Central Bank will commence its bond purchases under an historic $1.1 trillion quantitative easing plan next week and expects the impact from it stimulus measures to return inflation to the euro area next year.
With output rising by less than previously estimated, the Labor Department released a report on Thursday showing that U.S. labor productivity in the fourth quarter fell by more than initially reported.
In a somewhat troubling sign for the labor market ahead of tomorrow's monthly jobs report, the Labor Department released a report on Thursday showing an unexpected increase in first-time claims for U.S. unemployment benefits in the week ended February 28th.
The European Central Bank on Thursday held its key interest rates unchanged at a record low for a fifth successive month as markets await the bank's President Mario Draghi to reveal the details of the historic $1.1 trillion quantitative easing announced in January.
The Bank of England kept its key rate unchanged at a historic low, a stance it has persisted with at every policy meeting since March 2009, when it cut the rate to confront recession at the peak of financial crisis. The nine-member Monetary Policy Committee decided to retain the key bank rate at 0.50 percent, marking its sixth anniversary of no change.
The Chinese government lowered its growth target for 2015 amid a challenging global environment and stressed the importance of reforms to build a moderately prosperous society. At the annual session of the National People's Congress in Beijing on Thursday, Premier Li Keqiang said the government aims to achieve about 7 percent economic growth in 2015.
Interest rate decisions of the European Central Bank and the Bank of England are slated for Thursday, headlining a busy day. At 2.00 am ET, Destatis is scheduled to release German factory orders for January. Economists forecast factory orders to fall 1 percent month-on-month in January, following December's 4.2 percent increase.
Australia posted a merchandise trade deficit of A$980 million in January, the Australian Bureau of Statistics said on Thursday - representing a deficit increase of A$477 million or 95 percent decline over the previous month.
The headline figure missed forecasts for a shortfall of A$925 million following...
The dollar is gaining ground against all of its major competitors Wednesday, despite some mixed economic data. The U.S. currency has soared to an 11-year high against the Euro ahead of Thursday's European Central Bank meeting. The ECB is expected to provide details on how it will execute the bond purchasing...
Activity in the U.S. service sector unexpectedly grew at a slightly faster rate in the month of February, according to a report released by the Institute for Supply Management on Wednesday.
Payroll processor ADP released a report on Wednesday that once again showed solid private sector job growth above 200,000 jobs in the month of February, although the pace of growth saw a notable slowdown compared to the previous month.
Eurozone retail sales grew at the fastest pace in nearly two years and the private sector activity in all big-four economies in the bloc expanded for the first time since April 2014. Retail sales rose 1.1 percent on a monthly basis in January, faster than a revised 0.4 percent growth in December, a report from Eurostat revealed Wednesday. A similar 1.1 percent rise was last seen in May 2013.
India's central bank reduced its key interest rates by a quarter point at an unscheduled meeting on Wednesday after the budget affirmed the government's commitment on fiscal consolidation. The Reserve Bank of India governed by Raghuram Rajan decided to cut its repo rate by 25 basis points to 7.50 percent with immediate effect. Consequently, the reverse repo rate was adjusted to 6.50 percent.
Australia's GDP grew at a faster rate in the fourth quarter, but growth was slower than expected, the Australian Bureau of Statistics said on Wednesday.
The economy advanced 0.5 percent quarter-over-quarter in the fourth quarter after the 0.4 percent rise in the third quarter. Economists expected...