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U.S. Dollar Extending Yesterday’s Significant Pullback
The value of the U.S. dollar has moved to the downside over the course of trading on Thursday, extending the sharp pullback seen in the previous session. Read Full Story
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U.S. GDP Declines 0.6% In Q2, Unrevised From Previous Estimate
The Commerce Department released its third estimate of U.S. economy activity in the second quarter on Thursday, showing the decrease in gross domestic product was unrevised from the previous estimate. Read Full Story
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U.S. Weekly Jobless Claims Unexpectedly Dip To Five-Month Low
First-time claims for U.S. unemployment benefits unexpectedly fell to a five-month low in the week ended September 24th, according to a report released by the Labor Department on Thursday. The report showed initial jobless claims slipped to 193,000, a decrease ...
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Eurozone Economic Confidence Near 2-Year Low
Eurozone economic confidence weakened to the lowest level in nearly two years in September as all surveyed business sectors reported marked declines, signaling a recession in the currency bloc, survey results from European Commission showed Thursday. The economic confidence index ...
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Dollar Retreats After Hitting Fresh 2-decade High
After rising to a new two-decade high in the Asian session, the U.S. dollar retreated on Wednesday, after the Bank of England decided to intervene in the bond market by purchasing long-dated U.K. government bonds to address dysfunction in the ...
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U.S. Pending Home Sales Slump More Than Expected In August
A report released by the National Association of Realtors on Wednesday showed pending home sales in the U.S. fell for the third straight month in August, with the decrease exceeding economist estimates. NAR said its pending home sales index dove ...
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Bank Of England Intervenes In Bond Market To Restore Stability
The Bank of England decided to intervene in the government bond market to reduce any risks from contagion to credit conditions for the real economy, following the chaos developed in the currency and gilt markets after the government’s massive tax ...
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German Consumer Sentiment To Slide Again On High Inflation: GfK
Germany’s consumer sentiment is set to fall again to a fresh record low in October as high inflation amid rising energy prices hit income expectations, and in turn, consumer spending, survey results from the market research group GfK showed on ...
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U.S. Consumer Confidence Improves Much More Than Expected In September
Consumer confidence in the U.S. improved much more than expected in the month of September, the Conference Board revealed in a report released on Tuesday. The Conference Board said its consumer confidence index climbed to 108.0 in September from an ...
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U.S. New Home Sales Unexpectedly Rebound Sharply In August
New home sales in the U.S. unexpectedly showed a substantial rebound in the month of August, according to a report released by the Commerce Department on Tuesday. The report showed new home sales skyrocketed by 28.8 percent to an annual ...
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