• Wed, Feb 28, 2024 04:52
    New Zealand Keeps Rate On Hold

    New Zealand's central bank left the benchmark interest rate unchanged for the fifth straight meeting, as widely expected, on Wednesday and suggested that the rate will remain tight for a sustained period of time. The Monetary Policy Committee of the Reserve Bank of New Zealand, governed by Adrian Orr, decided to hold the Official Cash Rate at 5.50 percent.

  • Tue, Feb 27, 2024 21:56
    Dollar Remains Subdued Ahead Of Crucial Data

    The U.S. dollar turned in a mixed performance on Tuesday as traders awaited a slew of U.S. economic data, including reports on personal income & spending, consumer confidence, and eurozone inflation.

  • Tue, Feb 27, 2024 15:37
    U.S. Consumer Confidence Unexpectedly Deteriorates In February

    Reflecting persistent uncertainty about the U.S. economy, the Conference Board released a report on Tuesday showing an unexpected deterioration in U.S. consumer confidence in the month of February. The Conference Board said its consumer confidence index slid to 106.7 in February from a downwardly revised 110.9 in January.

  • Tue, Feb 27, 2024 14:21
    U.S. Durable Goods Orders Plunge More Than Expected In January

    New orders for U.S. manufactured durable goods saw a substantial decrease in the month of January, according to a report released by the Commerce Department on Tuesday. The Commerce Department said durable goods orders dove by 6.1 percent in January after falling by a revised 0.3 percent in December. Economists had expected durable goods orders to tumble by 4.5 percent.

  • Tue, Feb 27, 2024 12:26
    German Consumer Sentiment Logs Moderate Rise: GfK

    Despite a sharp increase in income expectations, the recovery in German consumer confidence is rather moderate due to strong intentions to save rather than spend, a closely watched survey showed on Tuesday. The forward-looking consumer sentiment index rose to -29.0 in March from revised -29.6 in February.

  • Tue, Feb 27, 2024 11:48
    Eurozone Lending To Households Logs Weakest Growth Since 2015

    Lending to the euro area households grew at the slowest pace since 2015 and broad money supply posted a marginal growth in January, data released by the European Central Bank showed on Tuesday. Adjusted loans to households registered an annual increase of 0.3 percent, which was slower than the 0.4 percent rise in December. This was the weakest growth since early 2015.

  • Tue, Feb 27, 2024 10:00
    Malaysian Ringgit Is Undervalued - Central Bank

    Malaysia's currency ringgit is undervalued and should be trading higher given the economic fundamentals, the country's central bank said Tuesday as it tries to prop up the currency that is trading near 26-year lows. "The ringgit ought to be traded higher," Bank Negara Malaysia Governor Abdul Rasheed Ghaffour said citing the country's economic fundamentals and prospects.

  • Tue, Feb 27, 2024 05:57
    European Economic News Preview: Germany GfK Consumer Confidence Due

    Consumer confidence survey results from Germany and France are due on Tuesday, headlining a light day for the European economic news. At 2.00 am ET, Germany's market research group GfK releases consumer confidence survey results. The forward-looking sentiment index is forecast to improve to -29.0 in March from -29.7 in the previous month.

  • Mon, Feb 26, 2024 21:53
    Dollar Turns In Another Lackluster Performance

    The U.S. dollar turned in a lackluster performance on Monday with investors awaiting a slew of economic data, including the Fed's preferred gauge of inflation on Thursday for further clues on the prospects of early rate cuts.

  • Mon, Feb 26, 2024 16:21
    U.S. New Home Sales Extend Rebound But Increase Less Than Expected

    The Commerce Department released a report on Monday showing a continued rebound in new home sales in the U.S. in the month of January, although the increase fell short of economist estimates. The report said new home sales climbed 1.5 percent to an annual rate of 661,000 in January after surging by 7.3 percent to a revised rate of 651,000 in December.

  • Mon, Feb 26, 2024 14:39
    Last Week's Hawkish Fed Minutes Fails To Lift Dollar

    The U.S. Dollar retreated against major currencies during the week ended February 23 despite the Fed minutes leaning hawkish and Fed speakers indicating unease with early rate cuts.

  • Fri, Feb 23, 2024 21:59
    Dollar Remains Subdued Against Major Counterparts

    The U.S. dollar remained subdued on Friday with traders awaiting some crucial economic data for more clarity on the outlook for Federal Reserve's interest rate moves.

  • Fri, Feb 23, 2024 11:48
    German Ifo Business Morale Rises Slightly

    Sentiment among German companies rose moderately in February due to less pessimism regarding the outlook signaling that the economy is stabilizing at a low level, survey data from the ifo Institute showed Friday. The ifo business climate index rose to 85.5 from 85.2 in January. Economists had forecast a score of 85.5. "The German economy is stabilizing at a low level," ifo Institute President Cl

  • Fri, Feb 23, 2024 10:04
    German Economy Shrinks On Weak Investment

    The German economy contracted at the end of the year on weaker investment, revised data from Destatis showed on Friday. Gross domestic product slid 0.3 percent sequentially in the three months to December after stagnating in the third quarter. The statistical office confirmed the preliminary estimate published on January 30.

  • Fri, Feb 23, 2024 05:28
    European Economic News Preview: Germany Ifo Business Confidence Due

    Business confidence survey results and final GDP from Germany are the top economic news due on Friday. At 2.00 am ET, Destatis is scheduled to issue Germany's GDP data for the fourth quarter. The initial estimate showed that the largest euro area economy contracted 0.3 percent following a 0.1 percent fall a quarter ago.

  • Thu, Feb 22, 2024 22:04
    Dollar Remains Subdued Despite Strong Economic Data

    The U.S. dollar turned in a subdued performance on Thursday despite some strong economic data, and prospects of the Federal Reserve holding interest rates higher in the near-term.

  • Thu, Feb 22, 2024 15:52
    ECB Minutes Reveal Consensus On Risk Of Cutting Policy Rates Too Early

    European Central Bank policymakers agreed in their meeting late January that it was premature to discuss interest rate cuts now which could derail the return of inflation to the 2 percent target, minutes of the policy session held on January 24-25 showed Thursday.

  • Thu, Feb 22, 2024 15:44
    U.S. Existing Home Sales Show Significant Rebound In January

    Existing home sales in the U.S. saw a significant rebound in the month of January, according to a report released by the National Association of Realtors on Thursday. NAR said existing home sales jumped by 3.1 percent to an annual rate of 4.00 million in January after falling by 0.8 percent to a revised rate of 3.88 million in December.

  • Thu, Feb 22, 2024 14:02
    Turkey Maintains Policy Rate At 45% Under New Governor

    The Turkish central bank left its benchmark rate unchanged at the first policy meeting under the governorship of Fatih Karahan after a slew of rate hikes, and signaled that the rate will be maintained at the current level or will be tightened further in case of persistent deterioration in the inflation outlook.

  • Thu, Feb 22, 2024 13:35
    U.S. Weekly Jobless Claims Unexpectedly Dip To 201,000

    A report released by the Labor Department on Thursday showed an unexpected dip in first-time claims for U.S. unemployment benefits in the week ended February 17th. The Labor Department said initial jobless claims fell to 201,000, a decrease of 12,000 from the previous week's revised level of 213,000. Economists had expected jobless claims to rise to 218,000 from the 213,000 originally reported for the previous week.

  • Thu, Feb 22, 2024 12:53
    Eurozone Private Sector Contraction Slows As Services Activity Stabilize

    Eurozone private sector shrank at the slowest pace in eight months in February as a stabilization of output in the service sector offset a further steep contraction in manufacturing, flash survey results from S&P Global showed on Thursday. The flash HCOB composite output index posted 48.9 in February, up from 47.9 in the previous month. The expected score was 48.5.

  • Thu, Feb 22, 2024 11:25
    UK Private Sector Growth Accelerates On Upturn In Services Activity

    The UK private sector grew at the fastest pace in nine months in February, underpinned by another strong upturn in the services activity, flash survey results from S&P Global showed on Thursday. The composite output index rose to 53.3 in February, while the score was expected to remain unchanged at 52.9. A reading above 50.0 indicates expansion in the private sector.

  • Thu, Feb 22, 2024 10:47
    Eurozone Inflation Softens As Estimated

    Eurozone inflation softened in January as initially estimated, largely due to the falling energy prices, final data from Eurostat revealed on Thursday. The harmonized index of consumer prices rose 2.8 percent on a yearly basis, slightly slower than the 2.9 percent increase in December. The rate came in line with the estimate released on February 1.

  • Thu, Feb 22, 2024 07:04
    Bank Of Korea Keeps Rates On Hold

    The Bank of Korea left its benchmark rate unchanged for the ninth consecutive meeting on Thursday and vowed to maintain a restrictive stance to stabilize inflation at 2 percent.
    The Monetary Policy Board, led by Governor Rhee Chang-yong, unanimously decided to maintain the key base rate at 3.50 percent.

  • Thu, Feb 22, 2024 05:46
    European Economic News Preview: Eurozone Flash PMI Data Due

    Flash Purchasing Managers' survey results and final inflation from the euro area are the top economic news due on Thursday. At 2.45 am ET, France's statistical office INSEE is scheduled to issue business sentiment survey results. The manufacturing confidence index is forecast to remain unchanged at 99 in February.