Quarterly national accounts, unemployment and consumer prices are due from Eurozone on Friday, headlining a busy day for the European economic news.
The dollar is trading sharply lower against the Japanese Yen Thursday afternoon, after the Bank of Japan shocked the markets. The Bank of Japan refrained from expanding its monetary stimulus defying expectations for some actions and kept its negative interest rate unchanged.
The Bank of Japan maintained...
After reporting U.S. initial jobless claims at their lowest level in over forty years in the previous week, the Labor Department released a report on Thursday showing that jobless claims rebounded in the week ended April 23rd. The report said initial jobless claims rose to 257,000.
Economic growth in the U.S. slowed by even more than economists had anticipated in the first quarter, the Commerce Department revealed in a report on Thursday. The report said gross domestic product rose by 0.5 percent in the first quarter compared to the 1.4 percent increase in the fourth quarter.
German jobless claims declined unexpectedly in April and the unemployment rate remained unchanged at the lowest level since reunification, official data revealed Thursday. The number of unemployed declined by 16,000 in April from March to 2.706 million, the Federal Labor Agency said. Economists had expected it to remain flat after falling by 2,000.
Eurozone economic confidence improved more-than-expected in April after falling for three consecutive months to reach a one-year low level. The economic sentiment index rose to 103.9 from 103.0 in March, survey data from the European Commission showed Thursday. The measure was forecast to rise to 103.4.
With less than two months to go for the referendum to decide the fate of Britain's position in the European Union, "Brexit" talks are splashed across all media outlets to the point of tiring out readers/viewers. What will be the fallout of "Brexit" and how it will affect the rest of Europe? Read on to know more about the raging issue...
The Bank of Japan refrained from expanding its monetary stimulus defying expectations for some actions and kept its negative interest rate unchanged on Thursday. Governor Haruhiko Kuroda and his board members decided by an 8-1 majority vote to hold its target of raising the monetary base at an annual pace of about JPY 80 trillion.
The Japanese yen strengthened against the other major currencies in the Asian session on Thursday after the Bank of Japan refrained from raising its monetary stimulus and kept its negative interest rate unchanged.
The policy board governed by Haruhiko Kuroda decided by an 8-1 majority vote to hold...
Unemployment and consumer price figures from Germany are due on Thursday, headlining a busy day for the European economic news.
The dollar is up against the Japanese Yen and the British pound Wednesday afternoon and is paring its losses against the Euro following the release of the Federal Reserve statement. As expected, the Federal Reserve made no change to monetary policy in light of disappointing recent economic data.
Pending home sales in the U.S. increased by much more than expected in the month of March, according to a report released by the National Association of Realtors on Wednesday, with pending sales rising to their highest level in almost a year.
The U.K. economy expanded at a slower pace in the first quarter of the year as the service sector alone made positive contribution to growth amid the "Brexit" fears. Gross domestic product grew 0.4 percent from a quarter ago, when the economy expanded 0.6 percent, preliminary data from the Office for National Statistics revealed Wednesday. The sequential growth rate came in line with economists'
Quarterly national accounts from the U.K. and consumer sentiment from Germany are due on Wednesday, headlining a busy day for the European economic news.
The dollar is down against its major European rivals this afternoon, but has trimmed its early losses. The U.S. currency is also modestly higher against the Japanese Yen ahead of tomorrow's announcements from both the Bank of Japan and the Federal Reserve.
The Fed is widely expected to leave interest...