The number of sales of recently built homes in the U.S. surged more than initially was expected in June, reaching the highest level in five years, another sign builders are benefiting from a lack of supply of existing properties.
The manufacturing output across the 17-nation bloc that has the Euro in circulation surprisingly expanded this month for the first time in two years, suggesting Eurozone is pulling out of recession.
Statistics Canada reported stronger-than-expected retail sales in May, as demand for motor vehicle and parts was exceptionally strong.
Japan posted another trade deficit in June as imports costs advanced on a weaker Yen, according to the Ministry of Finance.
The U.K. mortgage market has strengthened in June, as major mortgage providers approved more loans for house purchases last month, however, figure came below analysts' expectations, data by the British Bankers Association showed Tuesday.
The city of Detroit, which has become the largest U.S. city to file for bankruptcy, is heading to its first day in court on Wednesday, even despite some lawsuits are trying to block a plan to restructure city's more than $18 billion in debt.
The recession in Spain, Europe's fourth largest economy, probably, eased in the second quarter and the economy is showing signs of stabilization, Bank of Spain estimate's showed Tuesday.
During July's policy meeting the Swiss National Bank's President Thomas Jordan said the bank has no intention to introduce any changes or even scrap a Franc ceiling of 1.20 versus the single currency.
Shinzo Abe's Liberal Democratic Party has won a majority in the upper house, cementing Abe's grip on power, however, raising concerns he can lose interest in difficult economic reforms and shifts in policies to his nationalist agenda instead.
British Prime Minister David Cameron said the domestic economy is healing, and further improvement should allow the government to lower taxes.
Rapidly growing prices and more expensive mortgage weighed on demand for previously owned houses in June, especially in more expensive markets, the National Association of Realtors said Monday.
Portuguese President Anibal Cabaco Silva accepts compromise reached by the coalition government, meaning an end to a weeks-old political crisis.
Canada's annual inflation rate surged for the second consecutive month in June to 1.2% after hitting 0.4% in April, the lowest level in more than three years.
Economic activity in the world's third largest economy is starting to flourish under Shinzo Abe's stimulus policies, as purchasing by the nation's companies picked up in May, a release by the Ministry of Economy, Trade and Industry showed Friday.
Britain's public sector net borrowing that exclude financial interventions, reached £8.5 billion last month, more than initially expected, compared with £8.8 billion a month earlier Analysts, however, expected a £8 billion figure.
The city of Detroit, the cradle of the U.S. automobile assembly line and a symbol of industrial strength, formally filed for bankruptcy, becoming the biggest U.S. city in history to take such a drastic measure.
Producer prices in Europe's powerhouse, Germany, stayed flat on monthly basis, and accelerated on annual basis in June, reflecting some stabilization in the economy.
Market reaction to the threat of the Federal Reserve tapering its stimulus programme later this year has been exaggerated, as the EUR/USD currency pair advanced just 0.74% over the week, while U.S. major indices posted a gain between 0.1%-0.3% soon after Bernanke's speech.
Swiss foreign trade surplus rose more than expected in June, as a fall in imports outpaced drop in exports, the latest report from the Federal Customs Administration showed.
Canada wholesale sales, which is a leading indicator of consumer spending, soared unexpectedly in May, expanding at the fastest pace in more than two years, supported by sales of fertilizer and food, data from Statistics Canada showed.
Sales at British retailers advanced for a second month in a row, helped by discounts at department stores, which drove demand for clothes and electrical products higher.
A bunch of better-then-expected data from the U.S. was released on Thursday, raising speculations of a possible QE tapering later this year.
The 17-nation bloc's current account surplus narrowed more than initially expected in May, as both exports and import fell, stirring further concerns surrounding the Eurozone and suggesting the strike of negative growth will be prolonged, figures from the European Central Bank showed Thursday.
Confidence among Swiss investors improved slightly this month, decreasing concerns the economy may struggle to gain the momentum due to the recession in the neighbouring Eurozone, the ZEW Center for European Economic Research said Wednesday.