The pace of Britain's annual house price growth was the fastest since July 2010 this month; however, the average price still lags 6% below the historic-high in late 2007.
While American retailers lure shoppers with Black Friday deals and analysts are calculating potential benefits for the economy, U.S. stocks are rising, logging record highs day by day.
During the last policy meeting Mario Draghi predicted a long period of weak inflation and sluggish growth, suggesting the Eurozone economy is not on a path to recovery yet, and cut the benchmark interest rate by 25 basis points to a record-low of 0.25%.
Last week seven out of nine major currencies either gained or lost more than 1%, making them highly attractive for traders. Amid main gainers were the single currency, Pound, Swiss Franc and Swedish Krone, advancing 1.22%, 1.15%, 1.12% and 1.70%, respectively. In contrast, Japanese Yen, Aussie and Kiwi lost 1.23%, 1.82% and 1.55%, correspondingly.The most traded currency pair, EUR/USD, has
The Alpine country expanded at a robust pace in the third quarter, on the back of a stronger exports of goods and government spending, the nation's statistical office reported on Thursday.
Japan retail sales rose in October, posting the third consecutive monthly increase; however, the pace of growth was considerably slower than in September, indicating Japanese consumers have been slow to buy into Shinzo Abe's plan to revive growth via his set of stimulus measures, also known as Abenomics.
The Pound advanced to its ten-month high versus the U.S. Dollar, following the highly anticipated press conference of the central bank Governor Mark Carney in London.
Americans, who are working at a low-paid job and receive a minimum wage, can be thankful the 16-day long government shutdown for being on the job this Friday.
The single currency moved higher on Thursday, supported by positive data from Europe's leading economies– Germany and Spain.
Amid signs of a pickup in the Eurozone, the pressure on the Swiss Franc eased, hence manufacturers are feeling more confident and the economy is benefiting.
For months Oz economy has been experiencing a slowdown amid waning investment in the key mining sector.
The Pound soared against the U.S. Dollar on Wednesday after the data from ONS showed the economy expanded as expected in the initial estimate.
Ahead of December's FOMC meeting, where policymakers could start tapering its stimulus programme, all economic indicators are having bigger effect as usual, as they can play a decisive role for the U.S. central bank.
Wednesday was a good day to trade EUR/USD, as on the back of positive statistics data and substantial political progress in Germany, the pair soared to its one-month high, moving above 1.36.
The Australian Dollar advanced more than 0.3% versus it U.S. namesake on Tuesday, hitting 0.92, following a speech by RBA Deputy Governor Philip Lowe, who pointed out companies have to boost efficiency in order to maintain growth in living standards, while engineers freed up from mining sector could be used to build more infrastructure.
The Japanese economy is expanding and benefitting from Abenomics, this is not a question. Moreover, growth is poised to accelerate in the second half of fiscal year 2013, according to minutes from the board's October 31 meeting that were released on Tuesday.
Mark Carney, Bank of England Governor, hit back at critics of forward guidance, underscoring that economic recovery would be jeopardized if the nation's central bank had not signaled how long it would keep interest rates at record low.
While some analysts are claiming the world's largest economy is resilient to domestic problems and risks that came from sequester and later government shutdown this year, the latest report from the Conference Board showed that mood among American consumers plunged to a seven-month low in November.
The Eurozone economy has emerged from its longest-ever recession and it seems the crisis is calming.
The situation in the Swiss labour market improved substantially in the third quarter, showing Alpine country's resilience to global headwinds and supporting the case the cap on the Swiss Franc may soon be removed.
Surprise, surprise. The Bank of Japan to maintain its unprecedented stimulus programme and ready to add more liquidity into financial markets in case risks to the economy threaten its 2% inflation target.
Amid concerns over a growing housing bubble in the U.K., Monday's report from the British Bankers' Association showed unexpected data, saying mortgage approvals fell last month.
Demand for pending homes in the United States eased for a fifth consecutive month in October, as 16-day long government shutdown added to an overall slowdown in the nation's property market.
During the last policy meeting the European Central Bank cut its benchmark interest rate by 25 basis points to a fresh low of 0.25%, citing weak inflationary pressure in the region, with CPI hitting a 47-month low in October.