With the South and West seeing sharp increases, the National Association of Realtors released a report on Thursday showing that U.S. pending home sales jumped much more than expected in April to their highest level in a decade. NAR said its pending home sales index surged up by 5.1 percent.
Partly reflecting a jump in orders for commercial aircraft and parts, the Commerce Department released a report on Thursday showing that new orders for U.S. manufactured goods surged up by much more than expected in April. The Commerce Department said durable goods orders shot up by 3.4 percent.
First-time claims for U.S. unemployment benefits decreased for the second straight week in the week ended May 21st, according to a report released by the Labor Department on Thursday. The report said initial jobless claims fell to 268,000.
The New Zealand government forecast the budget surplus to increase through 2020 as the economy expands at faster pace. "We have solid economic growth and the Government's books are in good shape - giving us options we didn't have eight years ago," Finance Minister Bill English said in his annual budget on Thursday.
Revised quarterly national accounts data from the U.K. is due on Thursday, headlining a light day for the European economic news.
The dollar is trading lower against its major European rivals Wednesday afternoon after a "major breakthrough" in talks between Eurozone finance ministers and Greece to unlock 10.3 billion euros in new bailout loans.
There was no U.S. economic data to drive the direction of trading Wednesday. However,...
German business confidence strengthened more-than-expected to a 5-month high in May as companies were more satisfied with their current situation and turned noticeably optimistic regarding months ahead despite "Brexit" fears, results of a key survey showed Wednesday. Consumer morale is set to strengthen in June as the economy is expected to grow over coming months, a separate survey revealed.
Greece's creditors agreed early Wednesday to release the next tranche of bailout funds and allowed debt relief after the International Monetary Fund relaxed its tough stance. After the meeting in Brussels on Tuesday, Eurozone finance ministers welcomed the accord reached between Greece and the institutions that paved the way for the disbursement of EUR 10.3 billion bailout fund.
Business and consumer sentiment survey results are due from Germany on Wednesday, headlining a light day for the European economic news.
Singapore's gross domestic product gained a seasonally adjusted, annualized 0.2 percent on quarter in the first quarter of 2016, the Ministry of Trade and Industry said in Wednesday's final revision.
That was up from the flat reading in last month's advance estimate, although it misses expectations...
New Zealand posted a merchandise trade surplus of NZ$292 million in April, Statistics New Zealand said on Wednesday - representing 6.8 percent of exports.
The headline figure topped forecasts for a surplus of NZ$25 million and was up from NZ$117 million in March.
Exports climbed NZ$166 million...
The dollar is losing ground against the British pound after the latest polls showed a surge in support for the U.K. to remain a member of the European Union. Meanwhile, the buck is climbing against both the Euro and the Japanese Yen.
The latest ORB Telegraph poll showed the supporters for remain camp...
After reporting an unexpected decrease in U.S. new home sales in the previous month, the Commerce Department released a report on Tuesday showing a substantial rebound in sales in the month of April. The Commerce Department said new home sales surged up by 16.6 percent to an annual rate of 619,000 in April.
German economic sentiment unexpectedly weakened in May as financial experts found it unlikely that the biggest euro area economy would repeat its stellar first quarter performance as the uncertainty linked to the "Brexit" clouded outlook.
Economic confidence and revised quarterly national accounts from Germany are due on Tuesday, headlining a busy day for the European economic news.