The U.S. dollar recovered after exhibiting weakness in the Asian session, and was down marginally around late afternoon, after briefly moving above the flat line past noon.
India's economic growth slowed sharply in the three months to March, partially reflecting the coronavirus-triggered country-wide lockdown that began towards the end of the quarter, official data showed on Friday.
Gross domestic product grew 3.1 percent year-on-year compared to 5.7 percent in the same...
Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. improved by slightly less initially estimated in the month of May. The report showed the consumer sentiment index for May was downwardly revised to 72.3 from the preliminary reading of 73.7. Economists had expected the index to be upwardly revised to 74.0.
Chicago-area business activity unexpectedly contracted at a faster rate in the month of May, according to a report released by MNI Indicators on Friday. MNI Indicators said its Chicago business barometer dropped to 32.3 in May from 35.4 in April, with a reading below 50 indicating a contraction in regional business activity. Economists had expected the barometer to rise to 40.0.
Reflecting the distribution of stimulus checks by the federal government, the Commerce Department released a report on Friday unexpectedly showing a substantial increase in U.S. personal income in the month of April. The Commerce Department said personal income spiked by 10.5 percent in April after tumbling by a revised 2.2 percent in March.
Eurozone inflation moved close to stagnation in May and was the lowest in nearly four years, driven by a sharp fall in energy prices, flash data from Eurostat showed Friday. Inflation slowed to 0.1 percent from 0.3 percent in April. This was the lowest since June 2016, when prices remained unchanged. The May inflation rate came in line with expectations.
Flash consumer prices from euro area and retail sales from Germany are due on Friday, headlining a busy day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's retail sales and import price data. Economists forecast retail sales to fall 14.3 percent on year in April, much bigger than the 2.8 percent drop reported in March.
Industrial output in South Korea dropped a seasonally adjusted 6.0 percent on month in April, Statistics Korea said on Friday.
That missed expectations for a decline of 3.2 percent following the 4.6 percent increase in March.
On a yearly basis, industrial production sank 4.5 percent - again missing...
Industrial output in Japan skidded a seasonally adjusted 9.1 percent in April, the Ministry of Economy, Trade and Industry said on Friday.
That missed expectations for a decline of 5.1 percent following the 3.7 percent drop in March.
Ona yearly basis, industrial production tumbled 14.4 percent...
The U.S. dollar lost ground against most of its peers on Thursday, weighed down by final data from the Commerce Department showing the economy contracted more than initially estimated in the first quarter due to the impact of the economic shutdown amid coronavirus pandemic.
Pending home sales in the U.S. plunged by more than expected in the month of April, the National Association of Realtors revealed in a report on Thursday. NAR said its pending home sales index plummeted by 21.8 percent to 69.0 in April after tumbling by 20.8 percent to 88.2 in March. Economists had expected pending home sales to slump by 15.0 percent.
New orders for U.S. manufactured durable goods showed a substantial decrease in the month of April, according to a report released by the Commerce Department on Thursday.
The report said durable goods orders plunged by 17.2 percent in April following a revised 16.6 percent nosedive in March.
A report released by the Labor Department on Thursday showed a continued decrease in first-time claims for U.S. unemployment benefits in the week ended May 23rd. The Labor Department said initial jobless claims dropped to 2.123 million, a decrease of 323,000 from the previous week's revised level of 2.446 million.
Eurozone economic confidence improved in May after the record declines of March and April, signaling early signs of recovery, survey data from the European Commission showed Thursday. The economic sentiment index rose to 67.5 in May from 64.9 in the previous month. However, the reading was below economists' forecast of 70.3.
Taiwan's economy is forecast to grow at the slowest pace in five years in 2020 as coronavirus, or Covid-19, pandemic has weighed on consumption, the Directorate General of Budget, Accounting & Statistics, or DGBAS, said on Thursday. Gross domestic product is forecast to grow 1.67 percent this year, much slower than the 2.71 percent growth logged in 2019.