U.K. inflation turned negative again in September and factory gate prices continued to decline strengthening the assessment that interest rates are unlikely to be raised anytime soon. Consumer prices dropped 0.1 percent year-on-year in September, after staying flat in August, the Office for National Statistics reported Tuesday. Economists had expected prices to remain flat.
Germany's economic confidence dropped to a one-year low in October as the scandal at Volkswagen dampened investors' mood, survey data from the Mannheim-based Centre for European Economic Research, or ZEW, showed Tuesday. The investor confidence index fell more-than-expected to 1.9 in October from 12.1 in September. The seventh consecutive decline took the score to the lowest since October 2014.
China's exports declined at a moderate pace in September as the devaluation of yuan helped it from falling sharply amid weak global demand. At the same time, imports plunged due to a drop in commodity prices and subdued domestic demand. Exports slid 3.7 percent in September from a year ago, the General Administration of Customs reported Tuesday.
Economic confidence from Germany and consumer and producer prices from the U.K. are the major reports due on Tuesday.
Members of the Bank of Japan's monetary policy board said that the country's economic recovery is expected to continue, minutes from the bank's September 14 and 15 meeting revealed on Tuesday.
At the meeting, decided to maintain its target of raising the monetary base at an annual pace of about JPY...
Food prices in New Zealand jumped 0.7 percent on year in September, Statistics New Zealand said on Tuesday.
That follows the 0.4 percent increase in August.
"Fruit and vegetable prices increased 5.3 percent over the year, with higher prices for avocados, lettuce, potatoes, and bananas," consumer...
The dollar is trading modestly lower against all of its major competitors Monday afternoon. There has been no U.S. economic data to drive the direction of trading today, due to the Columbus Day holiday. A holiday in Japan is also contributing to the sparse trading activity.
Many investors appear to...
India's consumer price inflation accelerated in September after slowing in the previous two months, and industrial production growth in August exceeded expectations, provisional data from the Central Statistics Office showed Monday. The consumer price index rose 4.41 percent year-on-year following 3.74 percent in August. Industrial production grew 6.4 percent annually in August.
The dollar is losing ground against the Euro Friday afternoon, but is posting modest gains against both the British pound and the Japanese Yen. The question of when the Federal Reserve will begin to hike interest rates has been a topic of great debate in recent days. Yesterday's Fed minutes were viewed...
With an increase in inventories of durable goods partly offset by a drop in inventories of non-durable goods, the Commerce Department released a report on Friday showing only a slight uptick in U.S. wholesale inventories in the month of August.
Import prices in the U.S. saw a modest decrease in the month of September, according to a report released by the Labor Department on Friday, with a drop in non-fuel prices offsetting a rebound in fuel prices.
The U.K. visible trade deficit narrowed in August as car exports reached a record high and imports decreased from July. However, the deficit remained at higher levels. Elsewhere, the sharpest decline in construction output since late 2012 also signaled weak contribution to the economy in the third quarter.
Foreign trade from the U.K. and industrial output from France are due on Friday, headlining a light day for the European economic news.
The total value of credit card spending in New Zealand jumped a seasonally adjusted 0.7 percent on month in September, Statistics New Zealand said on Friday - roughly in line with forecasts and up from the 0.1 percent gain in August.
Retail credit card spending was up NZ$256 million or 0.9 percent...
The dollar is losing ground against all of its major competitors Thursday afternoon, following the release of the minutes from the most recent policy meeting of the Federal Reserve.
Downside risks to economic growth prevented the Federal Reserve from raising interest rates in September, the minutes...