Economic confidence and revised quarterly national accounts from Germany are due on Tuesday, headlining a busy day for the European economic news.
The dollar is trading nearly flat against its major European rivals Monday afternoon, after paring its early gains. Meanwhile, the U.S. currency is losing ground against the Japanese Yen following the release of a slew of Japanese economic data.
There has been no U.S. economic data to drive the direction...
The risks of a de-anchoring of inflation expectations to below 1 percent or close to zero in the euro area have increased and hence, the central bank acted forcefully, ECB Executive Board member Peter Praet said in an interview to newspaper, published Monday.
Eurozone private sector growth weakened to the lowest level in more than a year in May as improvements in Germany and France were offset by softening of activity outside the big-two economies. The flash composite output index fell unexpectedly to a 16-month low of 52.9 from 53 in April, the results of the Purchasing Managers' Survey by Markit Economics revealed Monday.
Flash Purchasing Managers' survey data from euro area is due on Monday, headlining a light day for the European economic news.
Japan posted a merchandise trade surplus of 823.474 billion yen in April, the Ministry of Finance said on Monday.
That topped forecasts for a surplus of 521.4 billion yen following the 754.2 billion yen surplus in March.
Exports were down 10.1 percent on year, missing forecasts for a fall of 9.9...
The dollar is rising against the British pound and the Japanese Yen Friday afternoon, but is down slightly against the Euro. Following the sharp rise in the U.S. currency on Wednesday, action at the end of the week has been relatively subdued. Global economic data was sparse on Friday, but investors...
After reporting a significant rebound in U.S. existing home sales in the previous month, the National Association of Realtors released a report on Friday showing that sales sustained the upward momentum in the month of April. NAR said existing home sales climbed 1.7 percent to an annual rate of 5.45 million in April
The dollar is turning in a rather lackluster performance Thursday afternoon, following yesterday's display of strength. The U.S. currency surged yesterday afternoon after the minutes from of the most recent Federal Reserve meeting strongly hinted that an interest rate increase is coming next month.
An index of leading U.S. economic indicators increased by more than expected in the month of April, the Conference Board revealed in a report released on Thursday. The Conference Board said its leading economic index climbed by 0.6 percent in April, while revised data showed no change in March.
European Central Bank policymakers agreed that there was a need to reaffirm that its measures can achieve the aim of returning inflation to its near-2 percent target, amid rising criticism against its stimulus measures, minutes of the April 20-21 rate-setting session showed Thursday.
Philadelphia-area manufacturing activity unexpectedly saw a continued contraction in the month of May, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The Philly Fed said its diffusion index for current activity edged down to a negative 1.8 in May.
After reporting increases in first-time claims for U.S. unemployment benefits in each of the three previous weeks, the Labor Department released a report on Thursday showing that jobless claims pulled back in the week ended May 14th.
U.K. retail sales recovered at a faster-than-expected pace in April, despite cold weather dampening clothing sales. The retail sales volume climbed 1.3 percent in April from March, when it decreased by a revised 0.5 percent, data from the Office for National Statistics revealed Thursday.
The Philippine economy expanded at the fastest pace in almost three years in the first quarter, largely driven by government spending ahead of the election in May. According to data published by the Philippine Statistics Authority, gross domestic product advanced 6.9 percent year-over-year in the first quarter, in line with expectations and faster than the revised 6.5 percent growth.