Forex News
Stocks climb 1% for April despite weak GDP data
Fri, 28 Apr 2017 21:19:00 +0100
U.S. equities closed lower on Friday but ended April with strong monthly gains.
Euro gains on European inflation data, dollar jumps against yen
Fri, 28 Apr 2017 19:44:00 +0100
The euro rose against the U.S. dollar on Friday after strong euro zone inflation figures.
U.S. Consumer Sentiment Nearly Unchanged In April
Fri, 28 Apr 2017 15:35:40 +0100
After initially reporting an improvement in U.S. consumer sentiment in the month of April, the University of Michigan released revised data on Friday showing that sentiment was nearly flat. The report said the consumer sentiment index for April was downwardly revised to 97.0 from the preliminary reading of 98.0.
Chicago Business Barometer Unexpectedly Indicates Faster Growth In April
Fri, 28 Apr 2017 15:15:13 +0100
A report released by MNI Indicators on Friday showed an unexpected acceleration in the pace of growth in Chicago-area business activity in the month of April. MNI Indicators said its Chicago business barometer rose to 58.3 in April from 57.7 in March, with a reading above 50 indicating growth.
Eurozone Inflation Climbs To ECB Target
Fri, 28 Apr 2017 14:50:55 +0100
Eurozone inflation accelerated more-than-expected in April, returning within the European Central Bank's target of 'below, but close to 2 percent', preliminary estimate from Eurostat showed on Friday. Elsewhere, results of an ECB survey showed that professional forecasters expect euro area consumer prices to rise faster than earlier expected, though core inflation was seen to rise slowly.
U.S. Economic Growth Slows More Than Expected In Q1
Fri, 28 Apr 2017 14:09:48 +0100
Economic growth in the U.S. slowed by more than anticipated in the first three months of 2017, according to a report released by the Commerce Department on Friday. The Commerce Department said gross domestic product increased by 0.7 percent in the first quarter after jumping by 2.1 percent in the fourth quarter.
UK Growth At 1-Year Low As 'Brexit' Weighs On Spending
Fri, 28 Apr 2017 13:44:14 +0100
The U.K. economy expanded the least in a year at the start of 2017, reflecting a notable slowdown in the service sector as consumers curbed their spending amid the Brexit uncertainty and rising inflation. Gross domestic product grew only 0.3 percent in the first quarter from the previous three months, preliminary estimates from the Office for National Statistics showed Friday.
European Economics Preview: UK GDP Data Due
Fri, 28 Apr 2017 05:51:35 +0100
Quarterly national accounts from the UK and flash consumer prices from euro area are due on Friday, headlining a busy day for the European economic news.
Australia Q1 Producer Prices Add 0.5% On Quarter
Fri, 28 Apr 2017 03:15:25 +0100
Final demand producer prices in Australia picked up 0.5 percent on quarter in the first three months of 2017, the Australian Bureau of Statistics said on Friday - unchanged from the previous quarter.
South Korea Industrial Output Rises 1.0% In March
Fri, 28 Apr 2017 02:30:24 +0100
Industrial production in South Korea advanced a seasonally adjusted 1.0 percent on month in March, Statistics Korea said on Friday.
Japan Industrial Production Falls 2.1% In March
Fri, 28 Apr 2017 02:05:23 +0100
Industrial output in Japan skidded 2.1 percent on month in March, the Ministry of Economy, Trade and Industry said in Friday's preliminary reading.
New Zealand March Trade Surplus NZ$332 Million
Fri, 28 Apr 2017 01:15:23 +0100
New Zealand posted a merchandise trade surplus of NZ$332 million in March, Statistics New Zealand said on Friday - representing 7.1 percent of exports.
Nasdaq closes at a record high ahead of major tech earnings
Thu, 27 Apr 2017 20:59:00 +0100
U.S. stocks traded in a narrow range Thursday, within striking distance of all-time highs, ahead of major tech company earnings.
Commodities tomorrow: US production up, crude down
Thu, 27 Apr 2017 20:53:00 +0100
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
Euro falls against U.S. dollar on dovish ECB tone
Thu, 27 Apr 2017 18:04:00 +0100
The dollar only held its gains against the yen on Thursday after President Trump's tax plan offered no surprises.
Draghi Says Eurozone Recovery Solid And Broad, Inflation Unconvincing
Thu, 27 Apr 2017 15:43:06 +0100
European Central Bank policymakers are confident that the euro area economic recovery is improving, while they assessed that inflationary pressures remain subdued, ECB President Mario Draghi said Thursday, damping speculation that the bank may start to wind down its massive stimulus later this year.
U.S. Pending Home Sales Pull Back 0.8% In March
Thu, 27 Apr 2017 15:18:11 +0100
After reporting a sharp increase in U.S. pending home sales in the previous month, the National Association of Realtors released a report on Thursday showing a pullback in pending sales in the month of March. NAR said its pending home sales index fell by 0.8 percent to 111.4 in March.
U.S. Durable Goods Orders Climb 0.7% In March, Less Than Expected
Thu, 27 Apr 2017 14:26:24 +0100
A report released by the Commerce Department on Thursday showed that new orders for U.S. manufactured durable goods climbed by less than expected in the month of March. The Commerce Department said durable goods orders rose by 0.7 percent in March after jumping by a revised 2.3 percent in February.
U.S. Weekly Jobless Claims Unexpectedly Rise To 257,000
Thu, 27 Apr 2017 14:14:41 +0100
First-time claims for U.S. unemployment benefits unexpectedly increased in the week ended April 22nd, according to a report released by the Labor Department on Thursday. The report said initial jobless claims climbed to 257,000, an increase of 14,000 from the previous week's revised level of 243,000.
Draghi Holds Fire Ahead Of French Election Runoff
Thu, 27 Apr 2017 13:24:29 +0100
The European Central Bank left its monetary policy unchanged for a ninth consecutive session on Thursday as policymakers likely assessed that it was too early to trigger speculation of a future tapering of the massive stimulus as uncertainties linger around both the economic and political outlooks.
Bank Of Japan Keeps Policy Unchanged, Raises Growth Forecast
Thu, 27 Apr 2017 09:46:11 +0100
Japan's central bank left its monetary policy unchanged on Thursday and policymakers upgraded the view on the economy as they raised the growth forecasts, expecting ultra low interest rates, fiscal stimulus and better demand from abroad to support above-potential expansion in future.
European Economics Preview: ECB Set To Keep Rates Unchanged
Thu, 27 Apr 2017 06:00:21 +0100
The European Central Bank is set to announce its interest rate decision on Thursday. The bank is widely expected to keep its key rates unchanged.
Risk of a dollar sell-off£
Thu, 27 Apr 2017 04:06:00 +0100
Greg Matwejev, Morris Capital, says if Trump fails to get some of his policies passed, a "big dollar sell-off" could take place.
South Korea Q1 GDP Jumps 0.9% On Quarter
Thu, 27 Apr 2017 00:45:21 +0100
South Korea's gross domestic product expanded a seasonally adjusted annualized 0.9 percent on quarter in the first quarter of 2017, the Bank of Korea said on Thursday.
Stocks fail to hold gains, close mostly lower after White House releases tax plan
Wed, 26 Apr 2017 21:19:00 +0100
U.S. equities failed to hold earlier gains as investors digested President Donald Trump's outline for tax reform.
Commodities tomorrow: 6-cent gain on day
Wed, 26 Apr 2017 21:00:00 +0100
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
Dollar gains broadly on hopes of Trump tax reform plan
Wed, 26 Apr 2017 19:10:00 +0100
The Australian and New Zealand dollars sank, after Australian inflation data pointed to an economy under strain.
NAFTA withdrawal: Impact on autos
Wed, 26 Apr 2017 17:21:00 +0100
The White House is reportedly preparing to withdraw from NAFTA. CNBC's Phil LeBeau reports on how this may impact the auto industry.
White House mulling NAFTA withdrawal order: NBC
Wed, 26 Apr 2017 17:18:00 +0100
Stocks trim gains and the peso takes a hit after reports the White House is considering an executive order on withdrawing from NAFTA. CNBC's Dominic Chu reports.
Draghi To Maintain Status Quo Ahead Of French Election Runoff
Wed, 26 Apr 2017 13:55:53 +0100
While the brightening prospects of the Eurozone economy and the win of a pro-EU candidate in the first round of the French presidential election add strength to the call for tapering of the European Central Bank's massive stimulus, policymakers are likely to assess this Thursday that it is too early to trigger such speculation as uncertainties linger around both the economic and political outlook.
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