The dollar is paring its gains against the Japanese Yen and the British pound Monday afternoon, but is up in comparison to all of its major competitors. The U.S. currency is advancing despite the weaker than anticipated ISM non-manufacturing report this morning.
While the Institute for Supply Management...
Eurozone retail sales remained flat in August and private sector growth eased more-than-estimated in September, raising concerns over slowing economic growth momentum in the third quarter. Moreover, investor confidence weakened to an eight-month low in October as financial experts' current assessment and expectations deteriorated further. Retail sales remained flat in August.
British service sector growth unexpectedly slowed for a third consecutive month in September to its lowest level in nearly two-and-a-half years in September, hurt by a slump in new business growth, signaling that economic performance was soft at the end of the third quarter. The Markit/CIPS UK Services Purchasing Managers' Index dropped to 53.3 from 55.6 in August, survey results showed Monday.
The World Bank downgraded its growth outlook for developing East Asia, citing China's economic rebalancing and the expected pace of normalization of the U.S. interest rates. Developing east Asia will grow 6.5 percent this year, instead of 6.7 percent estimated in April, the bank said in its East Asia Pacific Economic Update released Monday.
Investor confidence, final Purchasing Managers' survey and retail sales from euro area are the major reports due on Monday.
The dollar dropped sharply against all of its major competitors Friday morning, following the release of the weaker than expected jobs report for September. The disappointing job growth caused many investors and experts to the conclusion that the Federal Reserve will be unlikely to begin hiking interest...
New orders for U.S. manufactured goods fell by more than expected in the month of August, the Commerce Department revealed in a report released on Friday.
Employment in the U.S. increased by much less than anticipated in the month of September, according to a report released by the Labor Department on Friday. The report said non-farm payroll employment rose by 142,000 jobs in September.
UK construction activity growth improved sharply in September as output rose at the fastest pace in seven months, led by residential building, prompting firms to add jobs the strongest pace in three months. The headline seasonally adjusted Markit/CIPS UK Construction Purchasing Managers' Index climbed to 59.9 from 57.3 in August, Markit Economics and the CIPS said Friday.
Producer prices from euro area and construction Purchasing Managers' survey from the U.K. are due on Friday, headlining a light day for the European economic news.
The average of household spending in Japan jumped 2.9 percent on year in August, the Ministry of Internal Affairs and Communications said on Friday - standing at 291,156 yen.
That topped forecasts for an increase of 0.3 percent following the 0.2 percent annual contraction in July.
The average of...
South Korea posted a current account surplus of $8.46 billion in August, the Bank of Korea said on Friday - down from $10.11 billion in July.
The goods account surplus narrowed to $8.97 billion, compared to $10.05 billion in July.
The services account deficit shrank to $1.34 billion, down from...
The dollar weakened against all of its major competitors Thursday, but has pared its losses in the afternoon and is now nearing unchanged levels. Economic data proved disappointing today, with a drop in the ISM manufacturing index and a larger than expected increase in weekly jobless claims.
Partly reflecting concerns about the global economy and customer confidence, the Institute for Supply Management released a report on Thursday showing that its reading on activity in the U.S. manufacturing sector fell to a two-year low in September.
Construction spending in the U.S. increased by slightly more than expected in the month of August, according to a report released by the Commerce Department on Thursday.