The dollar is turning in a mixed performance Friday afternoon, but is little changed overall. Investors are exercising an abundance of caution ahead of the first round of voting in the French presidential election on Sunday. The race is currently too close to call and the result could have major ramifications...
After reporting a bigger than expected drop in U.S. existing home sales in the previous month, the National Association of Realtors released a report on Friday showing that existing home sales rebounded to their highest level in ten years in March.
Eurozone private sector grew at the fastest pace in six years in April as firms boosted operating capacity to meet buoyant demand amid widespread optimism about future prospects despite political uncertainties. For the first time since 2012, growth in France surpassed Germany's expansion as output and new order growth softened in the latter.
UK retail sales logged their biggest quarterly decline in seven years as high inflation curbed consumer spending at the start of the year. The retail sales volume decreased 1.4 percent sequentially in the first quarter, the most since early 2010, data from the Office for National Statistics revealed Friday. Sales had increased 0.8 percent in the fourth quarter of 2016.
Purchasing Managers' survey results from euro area and retail sales from the UK are due on Friday, headlining a light day for the European economic news.
The dollar is turning in a mixed performance against its major rivals Thursday afternoon. After getting off to a weak start, the U.S. currency has pared its early losses. The buck remains slightly lower against the Euro and the British pound, but has turned positive against the Japanese Yen.
Pointing to continued economic growth this year, the Conference Board released a report on Thursday showing a bigger than expected increase by its index of leading U.S. economic indicators in the month of March. The Conference Board said its leading economic index rose by 0.4 percent.
Results from the Federal Reserve Bank of Philadelphia's manufacturing business outlook survey suggest that regional manufacturing activity continued to expand in April, but the pace of growth slowed by more than anticipated. The Philly Fed said its index for current manufacturing activity in the region fell to 22.0 in April.
After reporting a slight drop in first-time claims for U.S. unemployment benefits in the previous week, the Labor Department released a report on Thursday showing that initial jobless claims rebounded in the week ended April 15th.
Japan posted a merchandise trade surplus of 614.722 billion yen in March, the Ministry of Finance said on Thursday - down 17.5 percent on year.
The headline figure topped forecasts for a surplus of 605.6 billion yen following the upwardly revised 813.5 billion yen surplus in February (originally 813.389...
Consumer prices in New Zealand jumped 2.2 percent on year in the first quarter of 2017, Statistics New Zealand said on Thursday.
That topped forecasts for a gain of 2.0 percent following the 1.3 percent increase in the previous three months.
This is the highest annual increase since the September...
The dollar is up modestly against all of its major rivals Wednesday afternoon, but has begun to pare its gains against the Euro and the Japanese Yen following the release of the Fed's Beige Book
The Federal Reserve's Beige Book observed all twelve Fed districts were equally split between modest and...
The dollar has dropped sharply against the pound sterling Tuesday after British Prime Minister Theresa May announced a snap general election for June 8. The buck is also weaker against the Euro and the Japanese Yen after another disappointing day on the U.S. economic front.
New residential construction...
Global economic growth is strengthening, thanks to a long-awaited cyclical recovery in investment, manufacturing, and trade, though downside risks remain, the International Monetary Fund said in a report released Tuesday. World economic growth is set to improve to 3.5 percent this year from 3.1 percent in 2016, the Washington-based lender said in its latest World Economic Outlook report.
British Prime Minister Theresa May on Tuesday announced a snap general election for June 8, saying that political unity is crucial as her government prepares to begin Brexit negotiations with the European Union. The unexpected move is a complete reversal of her earlier stance that a general election would be held only as per schedule in 2020.