"Overall the survey adds to the view that construction companies have performed impressively so far this summer, which raises the likelihood that the sands of time could wash away the construction weakness seen in the preliminary second quarter GDP release" - Tim Moore, senior economist at Markit Britain construction sector activity remained firmly in the expansion territory, coming in at
Jeffrey Lacker, President of the Federal Reserve Bank of Richmond, is concerned over the gulf of expectations between financial markets and the U.S. central bank over when interest rates might be raised and the pace of rate hikes over the next two years.
European producer prices, considered to be a proxy for the closely followed consumer price inflation, declined once again on a yearly basis in June, recording the 12th consecutive month without growth, according to Eurostat data.
Retail sales in the South Pacific country jumped more than initially expected in June following a sharp fall un sales in the previous month, in a sign that consumers have recovered somewhat from a budget-related slump in confidence and stimulus efforts, designed to offset a sharp decline in the mining sector, are encouraging consumers to start spending.
The Bank of Japan Governor Haruhiko Kuroda still remains optimistic about the country's economic prospects and inflation, highlighting a divergence in the BoJ policymakers' views, as his colleagues expressed concerns about consumption and exports earlier the previous week.
"It remains too early to gauge the impact of the Ukraine crisis, but the worry is that the combined effects of expected policy tightening, heightened economic uncertainty and sluggish trade could mean manufacturing growth could suddenly weaken more than expected" - Rob Dobson, senior economist at Markit Britain's manufacturing sector expanded at the slowest pace in a year in July
While American employers added more than 200,000 new jobs for a sixth consecutive month in July, the longest period since 1997, the unemployment rate rose to 6.2% as more people joined the labour force.
ctivity in the Spanish manufacturing sector rose at a slower pace in July, even despite the fact that companies continued to take on new employees in a sign that the economic recovery is set to gain steam.
The previous week brought plethora of interesting news from the world leading economies.
Next week the RBA will have its word and even though the central bank will stay pat on the monetary policy, Glenn Stevens can radically change a tone of his speech from neutral to dovish.
It is not a surprise that achieving 2% inflation in next fiscal year is a key priority for the BoJ and Japanese government.
This year there is no as much pressure on the Bank of England concerning the housing market as it was in 2013.
Despite the fact that the number of Americans seeking unemployment aid increased last week after plummeting to the lowest level in 14 years earlier in the month, the underlying trend still points to a continuing strengthening of the U.S labour market conditions.
On Wednesday statistical offices from Germany and Spain unveiled their inflation data that were not very promising.
Following more than a half-month long period of depreciation the NZD/USD is finally bottoming out.
A disaster, this is the only way how a report from the Ministry of Economy, Trade and Industry can be called.
The Pound has been the top performer over the last 250 trading days, with the corresponding index rocketing 10.22%, the most from other major currencies.
The world's largest economy was expected to bungee jump in the second quarter, recovering from a 2.9% slump in first three months of 2014.
On the back of stronger than expected growth in the world's largest economy, the most traded currency pair dipped below 1.34–mark.
The Kiwi slid further on Tuesday, extending its losses seen a week earlier, as the currency still remains vulnerable to the central bank's comments.
The Japanese Yen is still one of the main losers over the last year, with Yen index falling 4.78% during the last 250 trading days.
Housing market is one the key drivers behind the U.K.'s rapid expansion, hence, any data from the sector should provide a significant impact on the currency and markets.
The first part of important fundamentals from the world's largest economy is already out, and as it was expected, it surprised markets to the upside, meaning the economy is recovering from first quarter's slump.
There is always a clam before the storm.