Industrial production from euro area is due on Wednesday, headlining a light day for the European economic news. At 4.00 am ET, Spain's statistical office INE is scheduled to release consumer prices for February. Also, Hungary's final industrial output and preliminary trade reports are due.
European ministers gave consent to improve the mandate to tackle the menace of bank failure, yet much more remained to be agreed on the scheme to handle bad banks. Ministers need to decide on how much countries should help one another in managing a troubled bank. Members were open to reducing the mutualisation period of the EUR 55 billion Single Resolution Fund to 8 years from 10 years.
Confidence among Australian households weakened further and hit a ten-month low in March, mainly reflecting loss of confidence in the economic outlook and escalating job-loss fears.
The dollar was little changed for a second day in a row Tuesday, as traders remained nervous about the Chinese economy and events in Ukraine.
The buck held near $1.3875 versus the euro, down slightly from $1.3840 early this morning.
A top European Central Bank officials told MNI news that policy...
Wholesale inventories in the U.S. rose by more than expected in the month of January, according to a report released by the Commerce Department on Tuesday, although the report also showed a steep drop in wholesale sales. The report said wholesale inventories climbed 0.6 percent in January following an upwardly revised 0.4 percent increase in December.
U.K. industrial production growth slowed more-than-expected in January as severe weather conditions hampered oil production in the North Sea, official data showed Tuesday. On the other hand, manufacturing output topped expectations with broad based expansion in most sub-sectors offsetting sharp contraction in pharmaceutical products.
Eurogroup President Jeroen Dijsselbloem said on Tuesday that European finance ministers made good progress on framing the deal for a single mechanism to deal with failed banks in the currency bloc.
Foreign trade from Germany and industrial production from the U.K. are due on Tuesday, headlining a busy day for the European economic news.
The Bank of Japan on Tuesday refrained from initiating additional easing ahead of the planned sales tax hike in April that could dent the moderate recovery. The policy board, led by Governor Haruhiko Kuroda decided, by a unanimous vote, to leave the size of its monetary easing unchanged. The bank will continue to increase the monetary base at an annual pace of JPY 60 trillion to JPY 70 trillion
The Japanese yen recovered from early losses against most major currencies on Tuesday as the Bank of Japan decided to keep its monetary policy unchanged and maintained its view of moderate economic recovery, despite an increase in sales tax taking effect from April.
The BOJ said that it would increase...
The dollar saw almost no movement versus major rivals amid a lack of first-tier U.S. economic news on Monday.
Disappointing economic news out of China overnight gave the safe haven dollar some support, but without a catalyst like last week's better-than-expected U.S. jobs report, the dollar held near...
Eurozone investor confidence reached its highest level since April 2011 in March, underpinned by a notable improvement in the current situation assessment, a survey conducted by the think tank Sentix showed on Monday. The composite confidence index rose to 13.9 from 13.3 in February, while economists had forecast it to rise to 14. However, it was the highest score since April 2011.
Japan's gross domestic product expanded just 0.2 percent on quarter in the fourth quarter of 2013, the Cabinet Office said in Monday's final reading - growing for the fourth straight quarter.
The headline figure was in line with forecasts, although it was down from last month's preliminary reading...
Japan posted a current account deficit of 1,589.0 billion yen in January, the Ministry of Finance said on Monday - sliding into the red for the fourth straight month.
The headline missed forecasts for a shortfall of 1,411.8 billion yen following the 638.6 billion yen deficit in December.
The volume of manufacturing activity in New Zealand was up a seasonally adjusted 5.7 percent on quarter in the fourth quarter of 2013, Statistics New Zealand said on Monday - following the 1.3 percent increase in the third quarter.
Meat and Dairy product manufacturing was the key ingredient, surging...