Risks surrounding the euro area growth outlook remain tilted to the downside, but are now less pronounced, the European Central Bank President Christine Lagarde said Thursday.
"The news about the prospects for the global economy, the agreement on future EU-UK relations and the start of vaccination...
A report released by the Federal Reserve Bank of Philadelphia on Thursday showed a substantial acceleration in the pace of growth in regional manufacturing activity in the month of January. The Philly Fed said its diffusion index for current activity soared to 26.5 in January after slumping to a revised 9.1 in December.
The euro spiked up against its major counterparts in the European session on Thursday, as the European Central Bank left its key interest rates and the size of the pandemic emergency purchase programme unchanged and signaled its willingness to act further to help counter the negative pandemic shock on...
New residential construction in the U.S. jumped by much more than expected in the month of December, according to a report released by the Commerce Department on Thursday. The report said housing starts spiked by 5.8 percent to an annual rate of 1.669 million in December from the revised November estimate of 1.578 million.
The European Central Bank left its key interest rates and asset purchases unchanged on Thursday, in line with expectations, and reaffirmed its willingness to adjust the policy tools when needed.
The Governing Council left the main refi rate unchanged at a record low zero percent and the deposit rate...
After reporting a much bigger than expected increase in first-time claims for U.S. unemployment benefits in the previous week, the Labor Department released a report on Thursday showing initial jobless claims pulled back in the week ended January 16th.
The Bank of Japan decided to maintain its monetary policy on Thursday and raised the growth projections citing the impetus from the fiscal stimulus measures. The board voted 7-1 to retain the interest rate at -0.1 percent on current accounts that financial institutions maintain at the central bank.
The interest rate announcement from the European Central Bank is due on Thursday, headlining a light day for the European economic news. The bank is expected to keep its policy rates and stimulus package unchanged after unveiling a slew of measures at the December meeting. The announcement is due at 7.45 am ET.
The jobless rate in Australia fell to a seasonally adjusted 6.6 percent in December, the Australian Bureau of Statistics said on Thursday.
That was below expectations for 6.7 percent and down from 6.8 percent in November.
The Australian economy added 50,000 jobs last month, in line with expectations...
Japan posted a merchandise trade surplus of 751.005 billion yen in December, the Ministry of Finance said on Thursday.
That was shy of expectations for a surplus of 942.8 billion yen but up from 366.8 billion yen in November.
Exports were up 2.0 percent on year at 6.706 trillion yen - missing forecasts...
The U.S. dollar exhibited weakness against most of its peers on Wednesday amid increased risk appetite on hopes the new U.S. government under Joe Biden will come out with a big stimulus to bolster economic recovery.
Reflecting concerns about rising material costs and the resurgence of the coronavirus, the National Association of Home Builders released a report on Wednesday showing an unexpected drop in U.S. homebuilder confidence in the month of January.
UK consumer price inflation doubled in December on higher transport and recreation costs, data released by the Office for National Statistics showed on Wednesday.
Inflation accelerated to 0.6 percent from 0.3 percent in November. The rate was above economists' forecast of 0.5 percent. Month-on-month, consumer prices advanced 0.3 percent, reversing a 0.1 percent drop in November.
Consumer and producer prices from the UK are due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics is set to publish UK consumer and producer prices for December. Inflation is seen rising to 0.5 percent from 0.3 percent in November.
China's benchmark lending rates were left unchanged as widely expected, on Wednesday.
The one-year loan prime rate was retained at 3.85 percent and the five-year loan prime rate was maintained at 4.65 percent. The one-year and five-year loan prime rates were last lowered in April 2020. The one-year loan prime rate was cut by 20 basis points and five-year rate by 10 basis points in April.