The dollar is adding to its recent weakness against is major competitors at the end of the trading week. Many investors are now shifting their focus to next week. The Federal Reserve will conclude its 2-day policy meeting next week Wednesday and the Bank of Japan will wrap up its policy meeting next...
New orders for U.S. manufactured durable goods increased by much more than expected in the month of March, according to a report released by the Commerce Department on Friday, although the jump was primarily due to strength in the volatile transportation sector.
German business confidence strengthened for the sixth straight month to a 10-month high in April reflecting the continuing upswing in the economy, but firms turned less optimistic about the business outlook. The business confidence index rose more-than-expected to 108.6 in April from 107.9 in March, the results of a survey by Munich-based Ifo Institute showed Friday.
Business confidence from Germany is the major report due on Friday, headlining a light day for the European economic news.
The dollar is losing ground against all of its major competitors Thursday, following the release of a pair of disappointing economic reports. Weekly jobless claims logged an unexpected increase, while new home sales came in weaker than anticipated. Investor optimism for a resolution to the situation...
After reporting a notable increase in U.S. new home sales in the previous month, the Commerce Department released a report on Thursday showing that new home sales pulled back by much more than expected in the month of March.
First-time claims for U.S. unemployment benefits unexpectedly saw a modest increase in the week ended April 18th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims edged up to 295,000.
U.K. retail sales declined for the first time in six months in March on petrol sales, casting doubt over economic growth gaining strength at the start of the year. Public sector finance data revealed that Chancellor George Osborne undershot the fiscal targets for 2014-15 ahead of the general election on May 8.
Eurozone private sector growth pulled back from March's 11-month high in April as concerns over Greece crisis started to weigh on economic activity despite the boost from the European Central Bank's quantitative easing. The flash composite output index fell unexpectedly to 53.5 in April from 54 in March, according to the purchasing managers' survey results published by Markit Economics. The expec
Flash Purchasing Managers' survey from euro area and retail sales from the U.K. are due on Thursday, headlining a busy day for the European economic news.
China's factory activity moved further into negative zone in April, logging the weakest operating conditions in a year, flash estimate released by Markit Economics showed Thursday. The HSBC manufacturing Purchasing Managers' Index fell to 49.2 in April, a 12-month low, from 49.6 in March. It was expected to remain at 49.6. A score below 50 indicates contraction in the sector.
The manufacturing sector in Japan slid to contraction in April, the latest survey from Markit Economics revealed on Thursday, with a PMI score of 49.7.
That missed forecasts for 50.8 and it's down from 50.3 in March. It also slips beneath the boom-or-bust line of 50 that separates expansion from contraction.
The dollar is currently turning in a mixed performance against its major competitors Wednesday. The U.S. currency is nearly unchanged compared to the Euro, is down against the pound sterling and is up against the Japanese Yen.
Existing home sales in the U.S. increased by much more than expected in...
Existing 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 existing home sales jumping to their highest rate in eighteen months.
Bank of England policymakers have noted the signs of strengthening of the euro area, which could benefit the UK economy in the long run, and the domestic inflation is expected to pick up faster later on after remaining negative in the coming months.