• Tue, Mar 19, 2024 04:01
    European Economic News Preview: Germany ZEW Economic Sentiment Data Due

    Economic sentiment survey data from Germany is due on Tuesday, headlining a light day for the European economic news. At 2.00 am ET, foreign trade data is due from Switzerland. At 4.00 am ET, the State Secretariat for Economic Affairs publishes Swiss economic forecasts.

  • Mon, Mar 18, 2024 20:44
    Dollar Rises Against Major Currencies Ahead Of Fed Policy Meet

    The U.S. dollar climbed higher on Monday, gaining against most of its major counterparts, ahead of the Federal Reserve's monetary policy meeting, which gets underway on Tuesday. The Bank of Japan, the Bank of England, the Reserve Bank of Australia, the Swiss National Bank are also scheduled to make their monetary policy announcements this week.

  • Mon, Mar 18, 2024 14:45
    Dollar Recovered Last Week As Traders Trim Rate Cut Bets After Hot Inflation Data

    The U.S. Dollar recovered during the week ended March 15, recovering well from the losses posted a week earlier, as prospects for an early interest rate cut by the Federal Reserve faded a bit after hotter than expected consumer price and producer price inflation data.

  • Mon, Mar 18, 2024 14:40
    U.S. Homebuilder Confidence Unexpectedly Improves In March

    A report released by the National Association of Home Builders on Monday showed an unexpected improvement in U.S. homebuilder confidence in the month of March. The report said the NAHB/Wells Fargo Housing Market Index rose to 51 in March from 48 in February. Economists had expected the index to come in unchanged.

  • Mon, Mar 18, 2024 13:03
    Fed Meeting In Focus Amid Uncertainty About Interest Rate Outlook

    The Federal Reserve's monetary policy meeting will be it the spotlight this week, with the central bank due to announce its latest interest rate decision on Wednesday. The Fed is widely expected to leave interest rates unchanged, but the accompanying statement and economic projections could have a significant impact on the outlook for rates.

  • Mon, Mar 18, 2024 11:06
    Eurozone Inflation Softens To 2.6% As Estimated

    Eurozone inflation softened as estimated in February largely reflecting the decline in energy prices, final data from Eurostat showed on Monday. The harmonized index of consumer prices, or HICP posted an annual increase of 2.6 percent after rising 2.8 percent in January. The rate matched the flash estimate published on March 1. Core inflation that excludes energy, food, alcohol and tobacco slow

  • Mon, Mar 18, 2024 09:11
    China Industrial Output Growth Tops Expectations; Retail Sales Soften

    China industrial production grew more than expected in the January to February period, but retail sales growth softened and property investment continued a notable decline, adding scope for policy stimulus as the government aims to achieve around 5 percent growth target. Industrial output posted an increase of 7.0 percent in the January to February period.

  • Mon, Mar 18, 2024 05:32
    European Economic News Preview: Eurozone Final Inflation Data Due

    Final inflation data from the euro area is the only major economic news due on Monday, headlining a light day for the European economic news.

  • Fri, Mar 15, 2024 21:13
    Dollar Extends Gains Against Major Counterparts

    The U.S. dollar moved higher on Friday, extending recent gains as traders scaled down expectations for an imminent interest rate cut by the Federal Reserve after data showed U.S. consumer price and producer price inflation rose more than expected in February.

  • Fri, Mar 15, 2024 15:06
    U.S. Consumer Sentiment Edges Lower In March, Inflation Expectations Unchanged

    Preliminary data released by the University of Michigan on Friday unexpectedly showed a slight deterioration in U.S. consumer sentiment in the month of March. The report said the consumer sentiment index edged down to 76.5 in March after falling to 76.9 in February. Economists had expected the index to come in unchanged.

  • Fri, Mar 15, 2024 14:36
    U.S. Industrial Production Inches Higher As Manufacturing, Mining Output Rebounds

    With manufacturing and mining output recovering from weather-related declines in January, the Federal Reserve released a report on Friday showing a slight increase in U.S. industrial production in the month of February. The Fed said industrial production inched up by 0.1 percent in February after falling by a downwardly revised 0.5 percent in January.

  • Fri, Mar 15, 2024 14:18
    New York Manufacturing Index Indicates Significantly Accelerated Contraction In March

    New York manufacturing activity has contracted at a significantly accelerated rate in the month of March, according to a report released by the Federal Reserve Bank of New York on Friday. The New York Fed said its general business conditions index plunged to a negative 20.9 in March from a negative 2.4 in February, with a negative reading indicating contraction.

  • Fri, Mar 15, 2024 14:02
    U.S. Import Prices Rise 0.3% In February, In Line With Estimates

    A report released by the Labor Department on Friday showed import prices in the U.S. increased in line with economist estimates in the month of February. The Labor Department said import prices rose by 0.3 percent in February after climbing by 0.8 percent in January. The uptick matched expectations.

  • Fri, Mar 15, 2024 08:25
    China Keeps MLF Rate Unchanged; Drains Liquidity

    China's central bank decided on Friday to maintain its one-year medium-term lending facility rate, and drained liquidity out of the system for the first time since late 2022. The People's Bank of China added CNY 387 billion into the financial system via MLF, which is set to mature in a year at a rate of 2.5 percent, unchanged from the prior operation. Nearly CNY 481 million of MLF will expire thi

  • Fri, Mar 15, 2024 06:39
    European Economic News Preview: France Final Inflation Data Due

    Final consumer price inflation figures are due from France on Friday, headlining a light day for the European economic news. At 3.00 am ET, foreign trade from Norway and unemployment figures from Sweden are due. At 3.45 am ET, France's statistical office INSEE is scheduled to issue final consumer and harmonized prices figures for February.

  • Thu, Mar 14, 2024 20:57
    Dollar Rises As Hot PPI Data Dents Rate Cut Hopes

    The U.S. dollar climbed higher on Thursday, gaining against most of its major counterparts, as data showing a bigger than expected increase in producer prices dented hopes of the possibility of an interest rate by the Federal Reserve in June.

  • Thu, Mar 14, 2024 15:27
    U.S. Business Inventories Unexpectedly Unchanged In January

    A report released by the Commerce Department on Thursday showed business inventories in the U.S. were unexpectedly flat in the month of January. The Commerce Department said business inventories were virtually unchanged in January after rising by a downwardly revised 0.3 percent in December. Economists had expected business inventories to edge up by 0.2 percent.

  • Thu, Mar 14, 2024 14:46
    U.S. Retail Sales Rebound In February But Fall Short Of Estimates

    Retail sales in the U.S. rebounded in the month of February, according to a report released by the Commerce Department on Thursday, although the increase fell short of economist estimates. The Commerce Department said retail sales climbed by 0.6 percent in February after slumping by a revised 1.1 percent in January. Economists had expected retail sales to increase by 0.8 percent.

  • Thu, Mar 14, 2024 14:12
    U.S. Weekly Jobless Claims Unexpectedly Edge Slightly Lower

    The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits edged slightly lower in the week ended February 9th. The report said initial jobless claims slipped to 209,000 from the previous week's revised level of 210,000. Economists had expected jobless claims to inch up to 218,000 from the 217,000 originally reported for the previous week.

  • Thu, Mar 14, 2024 13:43
    U.S. Producer Price Growth Exceeds Estimates In February

    A report released by the Labor Department on Thursday showed producer prices in the U.S. increased by much more than expected in the month of February. The Labor Department said its producer price index for final demand climbed by 0.6 percent in February after rising by 0.3 percent in January. Economists had expected producer prices to rise by another 0.3 percent.

  • Wed, Mar 13, 2024 20:51
    Dollar Loses Ground Against Some Major Counterparts As Traders Eye More Data

    The U.S. dollar was subdued against most of its major counterparts on Wednesday, giving up some of the ground it gained in the previous session after somewhat hot inflation data.

  • Wed, Mar 13, 2024 12:26
    UK GDP Rebounds On Services, Construction Output

    The UK economy rebounded in January on growth in services and construction output, underscoring that the country exited a technical recession. Gross domestic product posted an expansion of 0.2 percent in January, reversing a 0.1 percent fall in December, data from the Office for National Statistics revealed Wednesday. The rate came in line with economists' expectations.

  • Wed, Mar 13, 2024 05:42
    European Economic News Preview: UK GDP Data Due

    GDP and foreign trade from the UK and industrial production from the euro area are the top economic news due on Wednesday. At 3.00 am ET, the Office for National Statistics releases UK GDP, industrial production and foreign trade reports. GDP is forecast to grow 0.2 percent on month in January, in contrast to the 0.1 percent fall in December.

  • Tue, Mar 12, 2024 21:03
    Dollar Turns In Mixed Performance After Inflation Data

    The U.S. dollar turned in a mixed performance against its major counterparts on Tuesday with traders assessing the likely interest-rate move by the Federal Reserve in the wake of the latest data on U.S. consumer price inflation.

  • Tue, Mar 12, 2024 17:54
    March 12 Is Equal Pay Day - Women Earn Only 78 Cents For Every Dollar Men Earn

    This year, Equal Pay Day in the U.S. falls on Tuesday, March 12. So what is the significance of the Equal Pay Day? It is a day that was originated by the National Committee on Pay Equity, or NCPE, in 1996 to promote public awareness regarding the gap between men's and women's wages. This is a date that symbolizes how far into the year women must work to earn what men earned in the previous year.