The dollar is losing ground against the Japanese Yen Friday, following the weaker than anticipated U.S. GDP report for the fourth quarter. The Yen is benefitting from its safe haven status and some positive Japanese economic data. However, the U.S. currency is gaining ground against its major European...
While the University of Michigan released a report on Friday showing a modest downward revision to its reading on U.S. consumer sentiment in the month of January, the index remained at an eleven-year high.
Chicago-area business activity unexpectedly grew at a faster pace in the month of January, according to a report released by MNI Indicators on Friday, with the Chicago business barometer rebounding following two consecutive monthly declines.
Economic activity in the U.S. continued to increase in the final three months of 2014, according to a report released by the Commerce Department on Friday, although the pace of growth slowed by more than economists had expected.
The euro area jobless rate fell unexpectedly to the lowest level since August 2012, yet remains elevated. The unemployment rate came in at a double-digit 11.4 percent in December, slightly down from 11.5 percent in November. It was expected to remain unchanged at 11.5 percent in December.
Spain's economy grew at the fastest pace in seven years during the final three months of 2014 even as the worsening deflation picture cast a cloud on the recovery.
Gross domestic product advanced 0.7 percent sequentially, preliminary figures from the statistical office INE showed Friday. The growth...
Eurozone consumer prices declined for the second straight month in January largely due to lower energy prices, posting the biggest annual fall since 2009. The harmonized index of consumer prices in the 19-nation currency bloc fell 0.6 percent year-on-year in January, with a similar rate of decline last seen only in July 2009. Final data is due on February 24.
Russia's central bank on Friday cut its key interest rate, after raising it massively in December to shore up the ruble, in a bid to underpin economic activity that remains hurt by falling oil prices and economic sanctions. The Bank of Russia Board of Directors decided to reduce the key rate to 15.00 percent from 17.00 percent. Economists had expected the bank to retain the policy rate.
Final demand producer prices in Australia added 0.1 percent on quarter in the fourth quarter of 2014, the Australian Bureau of Statistics said on Friday.
That follows the 0.2 percent increase in the third quarter.
On a yearly basis, final demand producer prices gained 1.1 percent - slowing from...
Industrial output in Japan collected a seasonally adjusted 1.0 percent on month in December, the Ministry of Economy, Trade and Industry said on Friday.
That missed expectations for an increase of 1.2 percent following the 0.5 percent contraction in November.
On a yearly basis, output added 0.3...
Industrial output in South Korea advanced a seasonally adjusted 3.0 percent on month in December, Statistics Korea said on Friday.
The beat forecasts for an increase of 1.3 percent following the downwardly revised 1.0 percent gain in November (originally 1.3 percent).
On a yearly basis, industrial...
The dollar is gaining ground against both the pound sterling and the Japanese Yen Thursday and has partially bounced back from its losses against the Euro. Economic data proved mixed, with weekly jobless claims falling to a 14-year low and the unexpected drop in the pending home sales index. Meanwhile,...
Partly reflecting fewer homes available for sale and a slight acceleration in prices, the National Association of Realtors released a report on Thursday unexpectedly showing a sharp drop in U.S. pending home sales in the month of December.
Providing an encouraging sign for the labor market, the Labor Department released a report on Thursday showing that first-time claims for U.S. unemployment benefits dropped to their lowest level in over fourteen years in the week ended January 24th.
Germany's consumer prices in January declined for the first time in nearly five-and-a-half years and at faster than expected rates, in sync with forecasts for deflation in the euro area, preliminary figures from Destatis showed Thursday. The EU measure of inflation, the harmonized index of consumer prices, fell 0.5 percent annually, following a modest 0.1 percent gain in December. Economists had forecast a 0.2 percent decline.