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NewZealandcpi-071510.jpg New Zealand posted a merchandise trade surplus of NZ$103 million in May, Statistics New Zealand said on Tuesday - representing 2.1 percent of exports. The headline figure was shy of expectations for a surplus of NZ$419 million and down from the downwardly revised NZ$536 million a month earlier (originally...

EUR-USD4-062617.jpg The dollar is turning in a mixed performance Monday afternoon, but is little changed overall. Economic data was on the light side at the start of the new trading week, but what little there was proved weaker than anticipated. New orders for U.S. manufactured durable goods fell by more than expected...

New orders for U.S. manufactured durable goods fell by more than expected in the month of May, according to a report released by the Commerce Department on Monday. The report said durable goods orders tumbled by 1.1 percent in May after slumping by 0.9 percent in April. Economists had expected orders...

Germanbusinessconf-062617.jpg German business confidence strengthened to a record high in June, breaking last month's record, as companies were more satisfied with their current situation amid improved outlook. The business confidence index rose unexpectedly to 115.1 in June from 114.6 in May, survey data from the Munich-based Ifo institute showed Monday.

EEP17-011515_26Jun17.jpg Business sentiment survey data from Germany is due on Monday, headlining a light day for the European economic news.

Britishchamberofcommerce-062617.jpg The UK growth over the next few years is forecast to remain anaemic, the British Chambers of Commerce said Monday. Nonetheless, in its Economic Forecast, the BCC upgraded its growth outlook for 2017 to 1.5 percent from 1.4 percent, citing strong global growth outlook. Moreover, lower sterling is likely to boost short-term export activity this year.

EUR-USD4-062317.jpg The dollar is losing ground against its major European rivals Friday afternoon, but is nearly flat in comparison to the Japanese Yen. It was another light day on the U.S. economic front. Investors have also been monitoring comments from several Fed officials at the end of the trading week. New home...

NewhomeSales-062317.jpg New home sales in the U.S. rebounded in May after a sharp pullback in the previous month, according to a report released by the Commerce Department on Friday. The Commerce Department said new home sales climbed by 2.9 percent to an annual rate of 610,000.

Eurozonepmi-062317.jpg Eurozone private sector growth moderated in June from a six-year high due to a slowdown in services activity, yet the economy enjoyed the best quarter for six years, the flash data from the Purchasing Managers' survey by IHS Markit showed Friday. The composite output index fell to 55.7 in June from a joint six-year high of 56.8 in May.

ECB-062317.jpg The European Central Bank has sought more supervisory powers over the clearing activities, in a bid to secure control of the London-based euro clearing post-Brexit. The Governing Council, led by ECB President Mario Draghi, has recommended an amendment to Article 22 of the Statute of the European System of Central Banks and of the European Central Bank, the bank announced on Friday.

EEP3-091614_23Jun17.jpg Flash Purchasing Managers' survey data from euro area is due on Friday, headlining a light day for the European economic news.

EUR-USD3-062217.jpg The dollar pulled back against all of its major rivals in early trade Thursday, but has since recovered and is now posting slight gains. The increase in weekly jobless claims this morning was slightly more than anticipated, but U.S. economic data was largely in line with expectations. First-time claims...

ECB-Praet-062217.jpg The European Central Bank will decide to wind down its government bond purchases based on inflation even if the spreads for any country would rise as a consequence, ECB Executive Board member Peter Praet said. "As a central bank, we conduct monetary policy for the whole of the euro area," Praet, who is also the ECB chief economist, said in an interview to the German magazine Der Spiegel.

LeadingndicatorIndex-062217.jpg Reflecting widespread improvement, the Conference Board released a report on Thursday showing that its index of leading U.S. economic indicators rose in line with economist estimates in the month of May. The Conference Board said its leading economic index climbed by 0.3 percent.

USjoblessclaims-062217.jpg First-time claims for U.S. unemployment benefits saw a modest increase in the week ended June 17th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims inched up to 241,000.

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