Australian trade and domestic consumption improved in May, pointing at the improvement both locally and globally.
Canada's trade gap extended its longest streak of merchandise trade deficits in 25 years in May, as imports fell at a twice faster pace as exports did, Statistics Canada said Wednesday.
Britain's services growth accelerated at its fastest pace in more than two years last month, fuelling expectations of a strong growth in the second quarter, Markit Economics and the Chartered Institute of Purchasing and Supply said Wednesday.
Several statistical offices in the U.S. showed data on the U.S. trade, labour market and non-manufacturing activity, suggesting the economy is growing, albeit facing certain risks, which can drag on the recovery.
A bunch of mixed economic data from the Eurozone was released on Wednesday, raising concerns that the economy is not on the path of recovery yet, and additional stimulus measures may be needed.
The Reserve Bank of Australia left its monetary policy on hold, saying the depreciation in Aussie may continue as well as rock-bottom borrowing costs are likely to bolster the local economy further.
The Bank of Japan under Kuroda's leadership is likely to upgrade its assessment of the world's third largest economy, citing the overall economic improvement for the first time in more than two years.
The flow of upbeat second quarter activity data from the U.K. continued on Tuesday with the release of fresh report from Markit showing construction activity improved for a second consecutive month in June, cementing expectations that the recovery is gaining momentum.
New orders for goods produced in American factories rose by slightly more than initially expected in May, largely due to a increase in orders for transportation equipment, data released by the Commerce Department showed on Tuesday.
Change in the price of finished goods and services sold by producers in the 17-nation economy was negative once again in May, suggesting there will be scant upward pressure on consumer prices in coming months, the European Union's officials statistics agency said Tuesday.
Switzerland's key manufacturing output index slowed slightly in June, while the general trend remains positive, suggesting the economy is developing albeit slowly.
"For the rest of this year, we will continue to see dollar strength and yen weakness as investors wrap their arms around the positive prospects from Abenomics" -Andrew Wilkinson, chief economic strategist at Miller Tabak and Co. The monetary base in Japan surged to a record high in June, the Bank of Japan said Tuesday, boosted by the central bank's aggressive
Britain's manufacturing sector expanded at the fastest pace in almost two years, while mortgage approvals surged more than expected, adding to evidence the recovery is on track.
Manufacturers in the world's largest economy followed the Eurozone's manufacturers' example and boosted activity in the sector in June, while a separate report showed that construction spending surged in May to the highest level in more than 4 years.
Factory output in the struggling Eurozone improved to a 16-month high last month, fuelling expectations the economy is stabilizing and soon will start to gain the momentum.
Swiss KOF leading economic indicator improved for a third straight month in June, rising hopes the economy will continue gaining momentum even despite deepening Eurozone recession and a weak performance of the global economy.
Manufacturers' sentiment in Japan turned positive in the April-June period for the first time in almost two years, the Bank of Japan's Tankan survey showed.
Home prices in the U.K. rose at their fastest annual pace in almost three years in June, adding to signs the economy is starting to gain the momentum, data from mortgage lender Nationwide showed Friday.
Amid speculations of tapering the stimulus programme, known as quantitative easing, the yield on the 10-Year Treasury note surged up to 2.61% during the week, from as low as 1.63% in May.
Sales at German retailers surged more than initially was expected in May, another sign that a recovery Europe's powerhouse is gathering momentum, the Federal Statistics Office said Friday.
The Swiss National Bank's cap on the nation's currency still remains a key policy instrument, that is not likely to be removed anytime soon, the SNB board member Fritz Zurbruegg said Tuesday.
The Swiss economy experienced a temporary revival in the beginning of this year, expanding by 2.3% in the first quarter.
Japan's consumer prices stopped declining in May, and labour demand rose to the highest level in five years. However, the Bank of Japan goal to achieve 2% inflation rate in two years seems unlikely achievable.
The U.K. economy avoided falling into a double-dip recession at the beginning of the last year, though household living standards are suffering their biggest drop in a generation at the start of 2013.