Forex News
Japanese Large Manufacturers' Sentiment At 11-Year High
Fri, 15 Dec 2017 05:29:37 GMT
Confidence among large manufacturers increased for the fifth straight quarter to an 11-year high at the end of 2017, as strong exports and rising corporate profits underpin growth, a closely watched survey showed Friday. The large manufacturers' sentiment index rose to 25 from 22 a quarter ago, according to the quarterly Tankan survey from Bank of Japan. This was the highest score since 2006.
Dollar stutters on wrangling over tax bill, euro hit by ECB stance
Fri, 15 Dec 2017 01:16:00 GMT
The dollar was on the defensive on Friday after wrangling over a bill to change the U.S. tax code dented confidence.
U.S. Business Inventories Edge Slightly Lower In October
Thu, 14 Dec 2017 15:19:47 GMT
A report released by the Commerce Department on Thursday showed a modest decrease in U.S. business inventories in the month of October.
ECB Boosts Growth Forecast; Sees Inflation Falling Short Of Target Even In 2020
Thu, 14 Dec 2017 15:17:52 GMT
The European Central Bank raised the euro area growth forecasts, as it gained confidence from the strong momentum this year, but inflation was seen to remain short of its target into 2020, which Mario Draghi called a "muted" news that warrants support from massive monetary stimulus.
U.S. Import Prices Climb In Line With Estimates In November
Thu, 14 Dec 2017 14:42:47 GMT
A report released by the Labor Department on Thursday showed U.S. import prices increased in line with economist estimates in the month of November, while export prices rose by much more than anticipated.
U.S. Weekly Jobless Claims Unexpectedly Drop To 225,000
Thu, 14 Dec 2017 14:34:47 GMT
First-time claims for U.S. unemployment benefits unexpectedly decreased in the week ended December 9th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims dropped to 225,000, a decrease of 11,000 from the previous week's unrevised level of 236,000.
Dow snaps 5-day winning streak as worries about tax bill linger
Thu, 14 Dec 2017 14:30:00 GMT
U.S. stocks closed lower on Thursday as Wall Street awaited the final version of Congress' tax overhaul plan.
U.S. Retail Sales Climb 0.8% In November, More Than Expected
Thu, 14 Dec 2017 14:23:14 GMT
Retail sales in the U.S. increased by much more than anticipated in the month of November, the Commerce Department revealed in a report released on Thursday. The report said retail sales climbed by 0.8 percent in November after rising by an upwardly revised 0.5 percent in October.
ECB Maintains Status Quo In Final Meeting This Year
Thu, 14 Dec 2017 13:29:28 GMT
The European Central Bank left its monetary policy stance unchanged on Thursday, after its announced its plan to trim asset purchases at the start of next year in the previous session, marking a calm close to what could be seen as a stellar year for the single currency economy.
Bank Of England Unanimous On Rate, QE
Thu, 14 Dec 2017 12:58:44 GMT
The Bank of England policymakers unanimously decided to leave its key interest rate unchanged on Thursday after tightening it for the first time in a decade in November. The Monetary Policy Committee, headed by Governor Mark Carney, voted to maintain the benchmark rate at 0.50 percent.
Swiss Central Bank Retains Negative Rates; Expects Inflation To Exceed Target
Thu, 14 Dec 2017 11:56:12 GMT
The Swiss National Bank maintained its expansionary monetary policy stance on Thursday and reaffirmed its commitment to remain active in the foreign exchange market when necessary although the franc weakened against the euro and the US dollar. Further, the bank forecast inflation to exceed its target in three years' time due to the weaker currency.
US futures rise after Fed raises rates; ECB holds rates steady
Thu, 14 Dec 2017 11:00:00 GMT
U.S. stock index futures are set for a positive open on Thursday, after sentiment was boosted by the Fed hiking rates.
Cyclically, structurally and politically, the UK is not looking great: HSBC
Thu, 14 Dec 2017 08:50:00 GMT
David Bloom, HSBC's global head of FX strategy, and Reinhard Cluse, chief economist for Europe at UBS, discuss the U.K. economy.
European Economics Preview: BoE, ECB Policy Announcements Due
Thu, 14 Dec 2017 06:56:11 GMT
Monetary policy announcements from the Bank of England, the European Central Bank and the Swiss National Bank are due on Thursday, headlining a busy day for the European economic news.
China Raises Short-Term Rates Unexpectedly
Thu, 14 Dec 2017 06:25:20 GMT
China's central bank unexpectedly lifted its rates on open market operation on Thursday after the Federal Reserve tightened its policy rates. Elsewhere, statistical data released on Thursday showed that industrial production growth weakened in November as measures taken to control pollution weighed on activity. Meanwhile, retail sales grew at a faster pace on domestic consumption.
Market confident of two 2018 Fed rate hikes: BNY Mellon
Thu, 14 Dec 2017 06:12:00 GMT
Simon Derrick, chief currency strategist at BNY Mellon, discusses moves in the U.S. dollar given the latest U.S. Federal Reserve meeting.
Dollar gives up gains on doubts about passage of tax bill
Thu, 14 Dec 2017 04:13:00 GMT
The U.S. dollar gave up earlier gains after two lawmakers sought changes to legislation to overhaul the U.S. tax code
Australia November Jobless Rate Unchanged At 5.4% In November
Thu, 14 Dec 2017 01:45:17 GMT
The jobless rate in Australia came in at a seasonally adjusted 5.4 percent in November, the Australian Bureau of Statistics said on Thursday.
Next Fed hike will be in June 2018: SEB
Wed, 13 Dec 2017 22:24:00 GMT
Stronger employment isn't as much of a focus as whether or not it's translating into wage growth, says Sean Yokota, head of Asia strategy at SEB.
This strategist sees US inflation 'lower for longer'
Wed, 13 Dec 2017 22:14:00 GMT
Structural changes in the U.S. economy make it likely that inflation could remain subdued, says Nicolas Sopel of RHB Research Institute in Singapore.
Commodities tomorrow: Big draw on oil, big build in gas
Wed, 13 Dec 2017 21:00:00 GMT
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
US dollar near lows before the close
Wed, 13 Dec 2017 20:59:00 GMT
CNBC's Bob Pisani discusses today's market activity.
Santelli Exchange: Which inflation metrics are 'core-rect£'
Wed, 13 Dec 2017 16:18:00 GMT
CNBC's Rick Santelli discusses the divergence of headline CPI and CPI core.
U.S. Consumer Prices Rise 0.4% In November, In Line With Estimates
Wed, 13 Dec 2017 14:35:52 GMT
Consumer prices in the U.S. increased in line with economist estimates in the month of November, according to a report released by the Labor Department on Wednesday.
ECB To Boost Growth Outlook As Stellar Year Comes To A Close
Wed, 13 Dec 2017 14:35:36 GMT
The European Central Bank is set to raise its growth forecasts on Thursday as the single currency economy gained momentum in a remarkably uneventful year, boosting policymakers' confidence as they gear up to trim asset purchases in January.
Dow notches record close after Fed hikes rates
Wed, 13 Dec 2017 14:31:00 GMT
The Dow posted a record close after the Federal Reserve felt confident enough in the economy to raise rates yet again.
UK Jobless Rate Lowest In 42 Years
Wed, 13 Dec 2017 12:57:31 GMT
The UK unemployment rate remained at the lowest level in more than four decades during the three months to October and the annual growth in earnings accelerated but remained well below inflation.
US futures pause for breath ahead of Fed rate decision
Wed, 13 Dec 2017 10:05:00 GMT
U.S. stock index futures are set for a relatively flat open on Wednesday.
Dollar weakens as Fed leaves rate outlook unchanged, euro gains
Wed, 13 Dec 2017 07:04:00 GMT
The dollar weakened after the Federal Reserve hiked interest rates, but left its outlook for the coming years unchanged.
European Economics Preview: UK Unemployment Data Due
Wed, 13 Dec 2017 06:02:43 GMT
Unemployment from the UK and industrial production from euro area are due on Wednesday, headlining a light day for the European economic news.
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