After reporting a jump in U.S. pending home sales in the previous month, the National Association of Realtors released a report on Thursday showing a sharp pullback in pending home sales in the month of August. NAR said its pending home sales index tumbled by 2.4 percent to 108.5 in August after surging up by 1.2 percent to a revised 111.2 in July.
Primarily reflecting upward revisions to non-residential fixed investment, private inventory investment, and exports, the Commerce Department released a report on Thursday showing that U.S. gross domestic product increased by more than previously estimated in the second quarter.
The report said second...
First-time claims for U.S. unemployment benefits rose by less than expected in the week ended September 24th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims edged up to 254,000, an increase of 3,000 from the previous week's revised level of 251,000.
Eurozone economic sentiment rebounded strongly to an eight-month high in September from a five-month low in the previous month, mainly driven by the improvement in industrial and retailers' confidence, survey data from the European Commission showed Thursday. The economic sentiment index climbed to 104.9 from 103.5 in August. Economists had forecast an unchanged reading.
Economic confidence survey results from euro area and consumer prices from Germany are due on Thursday, headlining a busy day for the European economic news.
The dollar has been fluctuating between small gains and losses against its major rivals Wednesday afternoon, but has not ventured far from the flat line. Economic data was on the light side today, with only durable goods order to contend with. Many investors focused their attention on Federal Reserve...
Low interest rates are necessary today for a return to higher rates in the future and other policy areas must contribute much more decisively to reap the full benefits of monetary policy, European Central Bank President Mario Draghi said Wednesday.
With an increase in orders for transportation equipment offset by decreases in orders for other manufactured goods, the Commerce Department released a report on Wednesday showing that new orders for U.S. manufactured durable goods came in flat in August.
The Commerce Department said durable goods...
More monetary policy easing will be required at some point in the U.K. to avoid the economic slowdown to become more pernicious in the wake of EU referendum, Bank of England Deputy Governor Minouche Shafik said Wednesday. In a speech, text of which was put on the BoE website, Shafik said the likely timing of stimulus will depend on the continued evolution of the data.
The U.K. economy is currently experiencing a period of uncertainty and adjustment following the Britons' surprise vote in June to leave the European Union, but the longer term prospects are positive, Bank of England Governor Mark Carney said in an interview published Wednesday.
Consumer confidence from Germany and Italy are due on Wednesday, headlining a light day for the European economic news.
The dollar is turning in a mixed performance against its major rivals Tuesday afternoon and is little changed overall. Last night's highly anticipated presidential debate between Hillary Clinton and Donald Trump has had little impact on the U.S. currency today. Pundits have largely described the first...
Consumer confidence in the U.S. unexpectedly improved in the month of September, according to a report released by the Conference Board on Tuesday. The Conference Board said its consumer confidence index jumped to 104.1 in September from an upwardly revised 101.8 in August.
Home price growth in major U.S. metropolitan areas continued to slow in the month of July, Standard & Poor's revealed in a report on Tuesday. The report said the S&P/Case-Shiller 20-city composite home price index was up 5.0 percent year-over-year in July compared to the 5.1 percent increase seen in June.
The World Trade Organization downgraded its outlook for global trade, signaling that trade is set to grow at a slower pace than the world GDP growth for the first time in 15 years. The Geneva-based WTO forecast world trade to expand only 1.7 percent this year instead of 2.8 percent projected in April.