The dollar is slightly weaker against its major European rivals on Tuesday, but is up slightly in comparison to the Japanese Yen. Overall, the U.S. currency is little changed on the day. For the second day in a row there were no U.S. economic reports to drive trading, keeping some investors on the sidelines....
German investor confidence deteriorated for the first time since October as global weakness and Greece crisis weighed on domestic prospects, survey data from the Centre for European Economic Research, or ZEW, showed Tuesday. The indicator of economic sentiment dropped unexpectedly by 1.5 points to 53.3 in April. Economists had forecast the index to improve to 55.3.
The European Central Bank is exploring measures to reduce the Emergency Liquidity Assistance to Greek banks, reports said Tuesday, citing people with knowledge of the discussions. ECB Staff have suggested an increase in the haircuts banks take on the collateral they offer for emergency funding from the Bank of Greece, both Bloomberg and CNBC said.
Economic confidence survey from Germany is due on Tuesday, headlining a light day for the European economic news.
Members of the Reserve Bank of Australia's monetary policy board said that the monetary policy currently in place continues to be appropriate, minutes from the bank's April 7 meeting revealed on Tuesday.
The members added that the Australian economy continues to grow slightly below trend, although...
The dollar is rising against all of its major competitors at the beginning of the new trading week. There has been little economic data to drive the direction of trading today and there will be little U.S. economic data released this week. Existing home sales are scheduled to be released on Wednesday,...
The U.K. economy will weather the election storm in relatively good shape, helped by 'noflation' and a strengthening Eurozone, and any interest rate increases will be off the agenda until spring 2016, the Ernst & Young's ITEM Club said in a report. The economy was forecast to grow 2.8 percent in 2015, but slightly weaker than the 2.9 percent expansion projected three months ago.
China's reserve requirement ratio reduction by 100 basis points announced Sunday was the biggest such cut since the financial crisis. The People's Bank of China lowered the amount set aside by banks as reserves to 18.5 percent effective Monday. This was the second reduction this year, an action taken after the economy logged its weakest growth in six years.
Consumer prices in New Zealand dipped 0.3 percent on quarter in the first quarter of 2015, Statistics New Zealand said on Monday.
That missed forecasts for a decline of 0.2 percent, which would have been unchanged from the previous three months.
The last time the CPI showed two consecutive quarterly...
The dollar is little changed overall in comparison to its major competitors Friday. On what has turned out to be a volatile trading session for equities, currencies have remained stable. U.S. economic data was mixed at the end of the trading week.
While the Labor Department released a report on Friday...
The Conference Board released a report Friday morning showing a continued increase by its index of leading U.S. economic indicators in the month of March, although the index rose by less than economists had expected.
Consumer sentiment in the U.S. has improved by more than expected in the month of April, according to a report released by the University of Michigan on Friday. The report showed that the preliminary reading on the consumer sentiment index for April came in at 95.9.
While the Labor Department released a report on Friday showing another modest increase in U.S. consumer prices in the month of March, prices rose by slightly less than economists had anticipated.
The U.K. unemployment rate fell to the lowest since 2008 and claimant count reached a 40-year low, labor market statistics released ahead of the General Elections showed Friday. The ILO jobless rate eased to 5.6 percent in three months to February from 5.8 percent in September to November, the Office for National Statistics said. The rate was the lowest since 2008 and matched economists' expecta
Unemployment data from the U.K. and consumer prices from Eurozone are due on Friday, headlining a light day for the European economic news.