Another worrying sing for the world's largest economy emerged on Wednesday, as report from the ADP Research Institute showed the economy created less than expected jobs, indicating labour market is struggling to build up steam.
The single currency soared to the highest level in seven months on Wednesday, hitting 1.3590 against the greenback after ECB's Draghi provided additional information on economic situation in the region, while Enrico Letta's confident win boosted the currency even higher.
Analysts are split on whether Australian authorities will cut interest rates before the end of this year or not, after the Reserve Bank of Australia refrained from additional stimulus measures on the back of strong property market.
Activity at Swiss manufacturing sector expanded for a sixth consecutive month in September, accelerating further from previous month's reading, suggesting a modest recovery is underway, while improvement in employment is pointing to greater confidence.
Britain's manufacturing sector disappointed market participants last month, dragged down by weaker demand from overseas market, although the sector is still keeping pace with the economic amelioration.
While the White House struggles to make compromise on the budget to avoid the prolonged government shutdown, the economy is sending positive signs, supporting the case of tapering of Fed's stimulus programme.
Another sign of stabilization in Europe appeared on Tuesday, as official data showed the unemployment rate stalled in August, suggesting brighter prospects for the economy.
Confidence among New Zealand's companies climbed to a new five-year high in September, on the back of strong profits from construction firms, hiring and investment.
After a sharp fall in June, Canadian economy rebounded in July, expanding at the fastest pace in two years, supported by a strong construction output and adding to evidence the economy will build up steam in the coming months.
The number of mortgage approvals hit the highest in almost five years in August, while property values advanced the most in six years in September, fuelling concerns of a growing housing bubble, while the tendency is expected to persist in the nearest future.
The U.S. government has begun a partial shutdown for the first time in 17 years, potentially putting 800,000 federal employees out of work with no guarantee of back pay once the stalemate is over, and halting some government services as the Republican-led House of Representatives declined to approve a budget for the upcoming year.
Amid decent signs of economic amelioration in the 17-nation area that has single currency in circulation, the latest inflation report is supporting the case for the ECB to keep borrowing costs at current level to stimulate the economy.
Following Swiss National Bank's projections of a stronger growth in the coming months, the leading indicator from a research company KOF showed a sharp gain in index, supporting the case of acceleration of domestic economy.
Japan's industrial production slipped more-than-expected in August following a hefty lift in the preceding month, but the government sees factory activity and the nation's economy on path to a steady recovery backed by robust domestic demand and exports.
The nation's key industry- services sector, expanded at a 0.6% rate in the second quarter; however, grew at a modest pace at the start of the third quarter, tempering suggestions the economy will pick up significantly in the second half of the year.
After Treasury Secretary Jacob Lew's comments that shed light on the dramatic situation with U.S. debt and saying on October 17 the government will run out of funds to pay its bill, nobody is interested in octapering anymore.
Faith in the 17-nation currency bloc has hit the highest level in two years this month, cementing expectations the recovery is underway.
The global economy is showing sings of recovery, as fundamental data from all over the world is improving. Nevertheless, the world's largest economy is facing strong political issues, which can have a dramatic effect on the economy.
When was the last time Franc reached the key level of 1.2 against the single currency? Right, one year ago. Since then the pair approached 1.2650, while during the last several weeks it has been hovering around 1.225- more than 200 pips above the benchmark level.
Japan's inflation rose at the fastest pace since 2008 in August amid high energy costs, putting Prime Minister Shinzo Abe under pressure to drive wage increases as he aims at ending 15-year deflation.
Britain's economy accelerated in the second quarter on the back of strong consumer spending, although the economy remains fragile and vulnerable to weak trade and business investment.
A bunch of mixed economic data from the United States was published on Thursday, reinforcing a view stimulus is still needed, while until October 17 markets are more likely to focus on the White House rather than fundamental data.
Whereas Europe starting to see a light at the end of the tunnel that lasted for 18 months, during which the economy was living through its worst recession ever, one of its major members is still struggling to build up steam.
During the semi-annual Financial Stability Review, which is reflecting government's assessment of current conditions in the country and potential risks to financial stability, the Reserve Bank of Australia warned lenders to maintain loan standards amid soaring household's investment appetite.