Industrial production from France is due on Friday, headlining a light day for the European economic news. At 2.00 am ET, Statistics Norway publishes consumer and producer prices for June. Inflation is expected to rise slightly to 1.4 percent from 1.3 percent in May.
The total value of electronic retail credit card spending in New Zealand climbed a seasonally adjusted 16.3 percent on month in June, Statistics New Zealand said on Friday - coming in at NZ$5.7 billion.
That follows the 78.9 percent surge in May.
On a yearly basis, retail card spending climbed...
The U.S. dollar gained in strength on Thursday on safe-haven demand after several states across America reported sharp increases in coronavirus cases on Wednesday.
First-time claims for U.S. unemployment benefits declined by more than anticipated in the week ended July 4th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims tumbled to 1.314 million, a decrease of 99,000 from the previous week's revised level of 1.413 million.
German exports recovered in May as most of the trading partners started to ease the coronavirus containment measures, data from Destatis revealed Thursday. Exports grew 9 percent month-on-month in May, reversing a 24 percent decline in April. This was the first increase in three months. Nonetheless, shipments were expected to grow at a much faster pace of 13.8 percent.
China's producer prices declined for the fifth straight month in June, but the pace of deflation eased as the economy showed signs of recovery from the coronavirus driven downturn. Producer prices dropped 3 percent on a yearly basis, slower than the 3.7 percent fall seen in May, the National Bureau of Statistics said on Thursday.
Foreign trade data from Germany is due on Thursday, headlining light day for the European economic news. At 2.00 am ET, Destatis is scheduled to publish Germany's foreign trade figures for May. Exports are forecast to grow 13.8 percent and imports to rise 12 percent on a monthly basis. The trade surplus is seen at EUR 5.2 billion versus EUR 3.2 billion in April.
The U.S. dollar was weak against most major currencies on Wednesday as the relentless surge in coronavirus cases raised hopes for another round of stimulus from the Federal Reserve.
UK Chancellor Rishi Sunak on Wednesday unveiled a package of GBP 30 billion worth of stimulus measures, including tax cuts and bonuses, to support jobs amid the economic slump caused by the coronavirus, or Covid-19, pandemic.
The latest measures are part of the government's three phase plan to boost...
The U.S. dollar was fairly steady against most of its peers on Tuesday amid a drop in risk sentiment due to continued surge in new coronavirus cases in several parts across the world.
Eurozone is set to undergo an even deeper recession due to the coronavirus pandemic despite measures taken at both EU and national levels, the European Commission said in its Summer Forecast released Tuesday. The currency bloc is forecast to contract 8.7 percent in 2020 instead of 7.7 percent projected in the Spring Forecast. Nonetheless, the region is forecast to grow 6.1 percent in 2021, which
After lockdown restrictions were eased, Germany's industrial production grew for the first time in three months in May, suggesting that the economy started to recover from the unprecedented downturn caused by the coronavirus pandemic. Industrial output grew 7.8 percent on a monthly basis in May, in contrast to a revised 17.5 percent fall in April, data released by Destatis revealed Tuesday.
Amid a gradual relaxation of coronavirus containment measures, UK house prices dropped for the fourth consecutive month in June, the longest streak of decrease since 2010, data from the Lloyds Bank subsidiary Halifax and IHS Markit showed Tuesday. House prices fell marginally by 0.1 percent month-on-month in June, following a 0.2 percent drop in May. Economists had expected a 0.9 percent fall.
Australia's central bank kept its key interest rate at a record low and the target yield on three-year government bonds unchanged, and vowed to maintain its accommodative approach as long as required amid the global coronavirus pandemic. The board of Reserve Bank of Australia, governed by Philip Lowe, decided to maintain cash rate and the targeted yield on three-year government bonds.
Industrial production from Germany and house prices from the UK are due on Tuesday, headlining a busy day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's industrial production for May. Economists forecast output to grow 10 percent on month, in contrast to a 17.9 percent fall in April.