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.
Fewer American filed the applications for jobless benefits last week, indicating that employers within the country are slowing the pace of firing amid signs of improved economic outlook.
Consumers and businesses in the 17-nation region that use the Euro in circulation were less pessimistic about their prospects this month, indicating a start of recovery from the longest recession ever.
An index of consumption amid Swiss residents inched slightly higher last month, boosted mostly by a notable improvement in sentiment in retail sector, the Swiss bank's economists said Wednesday.
New Zealand's trade balance unexpectedly fell last month as meat and crude oil exports declined sharply.
During the Spending Review the Chancellor George Osborne set out limits for 2015/16 and sliced 11.5 billion pounds off the budget of Whitehall department, a medium of 8%.
The growth of the world's largest economy was more tepid than initially estimated during the first three months of this year, reflecting weak spending on services by consumers, who are still struggling from recent budget cuts and tax hikes.
The European Central Bank is ready to take fresh action if needed, however, governments across the region should implement more structural reforms as money from the ECB cannot create real economic growth, the ECB President Mario Draghi said Wednesday.
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.
Japan's ruling Liberal Democratic Party, led by Shinzo Abe swept to a victory in Tokyo's assembly elections, just several weeks before vital national elections. Japanese Prime Minister's Shinzo Abe party became the largest single bloc after winning almost half of the 127-seat capital metropolitan assembly.
The U.K. mortgage market has strengthened in May, as major mortgage providers approved more than expected loans for house purchases last month, data by the British Bankers Association showed Tuesday.