Forex Top Story
German companies scaled back their hiring for the first time in three months in August. Nonetheless, the unexpected decline was caused by summer holiday and the jobless rate remained stable near two-decade low. The number of people out of work increased unexpectedly by 7,000 in August from the previous month, the Federal Labor Agency said Thursday.
Unemployment and consumer prices from Germany are due on Thursday, headlining a busy day for the European economic news.
The Philippine economy expanded more than expected in the second quarter, supported by the country's resilient service sector, government data showed Thursday. However, the pace of growth was weaker than that in the preceding quarter. The gross domestic product grew 7.5 percent year-on-year in the second quarter, the National Statistical Coordination Board said.
The Indian rupee gained ground against the U.S. dollar on Thursday, as the Reserve Bank of India announced that it would sell dollars to oil firms through a special window, as part of its latest attempt to prop up the currency. In a notification released on Wednesday, the central announced the opening...
The dollar is currently rising against both the Euro and the Japanese Yen on Wednesday, but is losing ground against the pound sterling. The losses against the British currency are due to comments made by Mark Carney during his first speech as head of the Bank of England. However, the gains against the...
With higher
mortgage interest rates slowing the U.S. housing market, the National Association of Realtors released a report on Wednesday showing that pending
home sales fell by more than expected in the month of July. NAR said its pending home sales index fell 1.3 percent to 109.5 in July after dipping 0.4 percent to 110.9 in June. Economists had been expecting the index to drop by 1.0 percent.
Ischaemic heart disease, stroke, lower respiratory infections, chronic obstructive lung disease, diarrhea and HIV/AIDS have remained the top major killers worldwide during the past decade. The World Health Organization's updated fact sheet describes the leading causes of death worldwide, based on a comparative study of the situation in 2000 and 2011, enhanced with new data graphics and easy-to
Sentiment among German consumers is set to ease marginally heading into September after reaching a six year-high in August, with households expecting the economic recovery to be sluggish in the coming months, a survey by market
research group GfK revealed Wednesday. The forward-looking consumer confidence indicator for September slipped to 6.9 from a six year high of 7 in August.
There are a number of factors that are weighing on investor sentiment Tuesday, chief among them being fears about military invention by the West in Syria. With risk appetite among investors declining, safe havens like the U.S. currency ordinarily benefit. However, the dollar is giving back some of its...
Consumer confidence in the U.S. unexpectedly saw a modest improvement in the month of August, according to a report released by the Conference Board on Tuesday, with the increase reflecting improving short-term expectations. The Conference Board said its consumer confidence index edged up to 81.5 in August from an upwardly revised 81.0 in July
Home prices in major U.S. metropolitan areas continued to increase in the month of June, according to a report released by Standard & Poor's on Tuesday, although the price growth came in just shy of economist estimates. The report said the S&P/Case-Shiller 20-City Composite Home Price Index rose by a seasonally adjusted 0.9 percent in June after rising by 1.0 percent in May.
Confidence among German businesses continued to improve, reaching a 16-month high in August, as companies are more satisfied with their current situation amid the economy moving up a gear. The business confidence index improved more-than-expected to 107.5 in August, the highest since April 2012, from 106.2 in July, results of an Ifo Institute survey showed Tuesday.
Investors have been concerned that the tapering of stimulus measures by the Federal Reserve would begin at the bank's September meeting. Those concerns have begun to ease after Friday's disappointing new home sales data and today's weaker than expected durable goods orders report. The dollar has bounced...
New orders for U.S. manufactured durable goods fell by much more than expected in the month of July, according to a report released by the Commerce Department on Monday. The report said durable goods orders tumbled by 7.3 percent in July following a 3.9 percent increase in June. Economists had expected orders to fall by about 4.0 percent.
New Zealand recorded a larger-than-expected trade deficit in July, which was also the widest for the month since 2008, amid higher imports and a fall in crude and dairy exports, the latest figures from Statistics New Zealand showed Monday.
The trade balance moved to a deficit of NZ$774 million in July from a surplus of NZ$374 million in June. Economists had forecast a deficit of NZ$16 million.
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