While the National Association of Realtors released a report on Thursday showing pending home sales in the U.S. rose for the sixth time in seven months in July, the pace of growth fell short of economist estimates.
Economic activity in the U.S. increased by much more than previously estimated in the second quarter of 2015, the Commerce Department revealed in a report on Thursday. The Commerce Department said real gross domestic product increased by 3.7 percent in the second quarter.
First-time claims for U.S. unemployment benefits decreased modestly in the week ended August 22nd, according to a report released by the Labor Department on Thursday. The report said initial jobless claims edged down to 271,000, a decrease of 6,000 from the previous week.
U.K. house price inflation eased to its lowest level in more than two years in August, but construction activity should increase to keep pace with demand, the Nationwide Building Society said Thursday. House prices rose 3.2 percent year-on-year in August, slower than the 3.5 percent increase seen in July, data showed. Nonetheless, it was faster than the expected 3.1 percent increase.
Business confidence from France and house prices from the U.K. are due on Thursday, headlining a light day for the European economic news.
The dollar is rising against all of its major competitors Wednesday, extending its gains from the previous trading session. The currency is benefitting from the surprise increase in durable goods orders and comments from William Dudley.
New orders for U.S. manufactured durable goods unexpectedly saw...
New orders for U.S. manufactured durable goods unexpectedly saw a notable increase in the month of July, according to a report released by the Commerce Department on Wednesday. The Commerce Department said durable goods orders climbed by 2.0 percent in July.
Mortgage approvals data from the U.K. is due on Wednesday, headlining a light day for the European economic news.
New Zealand posted a merchandise trade deficit of NZ$649 million in July, Statistics New Zealand said on Wednesday - representing 15 percent of exports.
The headline figure missed expectations for a shortfall of NZ$600 million following the NZ$60 million deficit in June.
Exports climbed 14.0 percent...
The dollar is up against its major competitors Tuesday, extending its early gains against most. Economic data has provided a boost to the currency, after U.S. consumer confidence improved in August and new home sales rebounded notably in July. In a surprise move, the People's Bank of China also lowered...
Consumer confidence in the U.S. has seen a substantial improvement in the month of August, according to a report released by the Conference Board on Tuesday, with the consumer confidence index rebounding from the drop seen last month.
After reporting a sharp drop in U.S. new home sales in the previous month, the Commerce Department released a report on Tuesday showing a notable rebound in sales in the month of July. The report said new home sales jumped to an annual rate of 507,000 in July, 5.4 percent above the revised June rate of 481,000.
China's central bank cut its key interest rates and reserve ratio in a surprise move on Tuesday, boosting efforts to support the slowing economy as stock markets fell steeply for a second straight day. The interest rates were reduced by 0.25 percentage points each, the People's Bank of China said in a statement on its website.
German business confidence improved unexpectedly in August despite fears of a sharp slowdown in China taking its toll on stock markets, a closely watched survey revealed Tuesday. Elsewhere, official data today confirmed acceleration in economic growth in the second quarter on the back of strong exports.
Business confidence and quarterly national accounts from Germany are the major reports due on Tuesday.