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BoE cuts its growth forecasts
Thu, 12 May 2016 14:37:06 GMT
 
On Thursday, the Bank of England left its benchmark interest rate unchanged at a record-low 0.5% and revised down its growth outlook for the Q2 from 0.5% to 0.3%. Moreover, >>
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US jobless claims jump most since January 16
Thu, 12 May 2016 13:47:04 GMT
 
The number of Americans filing for unemployment benefits increased to 294,000 in the week ending March 7, the Department of Labor announced on Thursday, whereas analysts expected to see a meager decrease >>
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US stocks open with losses
Wed, 11 May 2016 16:12:07 GMT
 
The major US equity markets opened Wednesday's trading session in red, following yesterday's successful closing. At the open of the North American trading session, the Standard % Poor's 500 Index >>
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British Pound appreciates against major currencies
Wed, 11 May 2016 16:01:03 GMT
 
On Wednesday, the Sterling traded higher against the US Dollar and the Euro, as soon as Britain's Office for National Statistics released the country's industrial production and manufacturing production data. >>
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Gold adds on weaker US Dollar
Wed, 11 May 2016 15:28:23 GMT
 
On Wednesday, the yellow metal rebounded after its two-week lows, as the US Dollar showed weakness against other world currencies. The bullion added 1.2%, trading at $1,279.40 per ounce by 14:00 >>
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UK industrial production jumps 0.3% month-on-month
Wed, 11 May 2016 14:49:04 GMT
 
Industrial production in the United Kingdom increased 0.3% on a monthly basis in the third month of the year, better than the last month's drop of 0.2%, bur worse than >>
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UK manufacturing sector increases 0.1% in March
Wed, 11 May 2016 14:01:05 GMT
 
Britain's manufacturing production jumped 0.1% month-over-month in March, whereas analysts expected to see a 0.3% rise after the previous month's revised down drop of 0.9%. In the meantime,on a year-over-year >>
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US job openings reach second record high
Tue, 10 May 2016 15:26:06 GMT
 
According to the latest JOLTS report released on Tuesday, March registered 5.8 million job openings, whereas analysts expected only 5.5 million openings. The third month of the year showed the >>
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NIESR forecasts BoE's base interest rate to remain unchanged
Tue, 10 May 2016 14:53:15 GMT
 
The UK's National Institute of Economic and Social Research revised down its growth forecast for the current year from 2.3% to 2.0%. In addition, the NIESR stated that the Bank >>
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Wholesale Inventories rise 0.1% in US
Tue, 10 May 2016 14:32:04 GMT
 
The Department of Commerce reported on Tuesday that Wholesale Inventories in the United States increased 0.1% month-over-month in March, in line with market expectations and surpassing the previous month's reading, >>
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UK trade gap narrows in March
Tue, 10 May 2016 13:44:15 GMT
 
According to the latest data, the UK trade deficit narrowed more-than-expected in the third month of the year. The country's trade gap shrank from February's revised 11.4 billion to 3.8 >>
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Positive outlook on session causes Wall Street futures to rise
Tue, 10 May 2016 11:23:04 GMT
 
US stock futures hiked on Tuesday, ahead of corporate earnings result and JOLTS job opening data releases. S&P 500 futures traded 0.6% higher at 2 066.5 points, anticipating markets to >>
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Aussie recovers from last week's lows
Tue, 10 May 2016 11:12:13 GMT
 
The Australian Dollar traded 0.4% higher against the US Dollar on Tuesday as result of surging commodity prices, erasing losses from the previous session. The Aussie experienced significant downward pressure >>
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Oil prices gain as stockpile data looms
Tue, 10 May 2016 11:01:05 GMT
 
Following volatility the day before, oil prices surged on Tuesday, awaiting the weekly data release on US inventories. The number for the week ending April 29 surprised analysts with a >>
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German industrial output takes a hit
Tue, 10 May 2016 10:50:04 GMT
 
The data release on German factories, mines and utilities showed a 1.3% drop in the seasonally adjusted monthly output, falling short of analyst expectations of a 0.2% decline. This puts >>
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