The Reserve Bank of Australia maintained its key interest rate at a record low for the second straight month as widely expected by economists. The policy board governed by Glenn Stevens decided to leave the cash rate at 2.00 percent. The bank lowered the rates by 25 basis points each in February and May.
Industrial production from Germany and the U.K. are due on Tuesday, headlining a light day for the European economic news.
The dollar is turning in a mixed performance against its major competitors at the start of the new trading week. The U.S. currency is slightly higher against the Euro, but is down in comparison to the pound sterling and the Japanese Yen.
Economic data was relatively light today. Activity in the U.S....
Activity in the U.S. service sector expanded at a modestly faster rate in the month of June, according to a report released by the Institute for Supply Management on Monday, although the index of activity in the sector rose by slightly less than expected.
EU leaders await proposals from Greece Prime Minister Alexis Tsipras after the public voted against conditions placed by creditors. European Council President Donald Tusk has convened a special Euro Summit on July 7 to discuss the situation after the referendum in Greece. Ahead of the Euro summit, German Chancellor Angela Merkel and French President Francois Hollande are set to hold talks in Pari
Germany's factory orders decreased for the first time in three months in May reflecting the weakness in domestic market. Factory orders fell 0.2 percent month-on-month in May, in contrast to a 2.2 percent increase in April, which was revised up from a 1.4 percent growth, Destatis reported Monday.
Factory orders from Germany and investor confidence from Eurozone are due on Monday, headlining a light day for the European economic news.
The services sector in China continued to expand in June, but at a slower pace, the latest PMI from HSBC Bank showed on Friday, with a PMI score of 51.8.
That's down from 53.5 in May, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.
The services sector in Japan continued to expand in June, and at a faster rate, the latest Nikkei Services PMI showed on Friday, with an eight-month high score of 51.8.
That's up from 51.5 in May, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.
The total value of retail sales in Australia gained a seasonally adjusted 0.3 percent on month in May, the Australian Bureau of Statistics said on Friday - coming in at A$24.154 billion.
That was shy of forecasts for an increase of 0.5 percent following the downwardly revised 0.1 percent decline in...
The dollar is down slightly against all of its major competitors Thursday, following the mixed results of the June employment report. Employment increased by less than expected for the month, but the unemployment rate dropped to the lowest level in 7 years.
A closely watched Labor Department report...
New orders for U.S. manufactured goods fell by much more than expected in the month of May, according to a report released by the Commerce Department on Thursday. The report said factory orders fell by 1.0 percent in May following a revised 0.7 percent decrease in April.
While the data was largely overshadowed by the release of the monthly jobs report, the Labor Department also released a report on Thursday showing an unexpected increase in initial jobless claims in the week ended June 27th.
A closely watched Labor Department report released Thursday morning showed weaker than expected U.S. job growth in the month of June, although the unemployment rate still fell to a seven-year low.
Sweden's central bank unexpectedly cuts its key repo rate and expanded its asset purchase programme to contain the appreciation of krona amid increased uncertainty over Greece crisis. The Executive Board of the Riksbank lowered its key rate to -0.35 percent from -0.25 percent. The bank also extended its government bond purchase programme by a further SEK 45 billion with effect from September and