The number of U.S. job openings remained near the highest level in 13 years in July, while hiring increased to the fastest pace in almost seven years, adding to further evidence that the job market is slowly recovering and showing companies in the U.S. will probably pick up the pace of hiring after last month's slowdown.
Mario Draghi, the European Central Bank President, has finally announced that the bank intention to embark on a form of quantitative easing through the purchase of private sector credit, including asset-backed securities and covered bonds, along with a new cut in interest rates.
The number of new building permits issued in Canada soared significantly in July, boosting optimism over the health of the country's real estate sector.
The unemployment rate in Switzerland stayed at the same level for sixteen consecutive months in August, according to the latest data from the Swiss State Secretariat for Economic Affairs (SECO).
House prices in the U.K. cooled off in August amid signs of increasing supply of new homes on the market, adding to other evidence of moderation in the housing market.
U.S. consumer credit soared in July, recording the biggest gain since November 2001, boosted by demand for auto loans as well as student borrowings.
The outlook for the European powerhouse Germany brightened as official data showed the country's trade surplus widened to a new record in July on the back of robust export growth.
Canada's employment declined slightly in August, with private sector jobs recording the biggest drop and self-employment hitting the highest level on record.
While the majority of economists expected a substantial slowdown in the Japanese economy in the second quarter, contraction appeared to be even more severe than projected.
The British job market saw demand for staff rising at the fastest pace since April 1998 in August as pay growth continued to increase strongly, driven by employee shortages, according to the Report on Jobs by the Recruitment and Employment Confederation (REC) and KPMG.
The U.S. labour market unexpectedly recorded the slowest employment growth in eight months, while the nation's jobless rate declined, meeting analysts' expectations.
The Euro zone economy remained stagnant in the second quarter, as pickup in consumer spending and exports were offset by drops in investment spending and inventories coupled with an unusual large decline in construction.
Investors all around the world were eyeing the ECB to find out whether the central bank would fall for calls to launch large-scale asset purchases, also known as quantitative easing, to defy mounting deflation threats and revive the flagging Euro zone economy.
Retail sales in Australia continued to rise for the second consecutive month in July, an optimistic sign of both consumption and economic growth in the third quarter.
As widely expected the Bank of Japan kept its ultra-easy monetary policy unchanged and maintained its optimistic outlook of the economy despite a contraction in the second quarter that underlined the damage caused by an April sales tax hike, signalling confidence that it will be able to meet the 2% inflation target without additional stimulus measures.
The Bank of England's rate-setting body voted to keep its asset purchase target as well as interest rates untouched at the record low of 0.5%, despite increasing calls by some policy makers for a change in the policy.
A slew of employment data came out yesterday in the U.S. ADP reported that U.S. companies hired 204,000 workers in August, below analysts projections of 220,000.
Those, who had awaited QE announcement from the ECB, are definitely disappointed, as the central bank decided to slash already ultra-low interest rates even further in an attempt to stimulate the faltering Euro zone economy.
Reserve Bank of Australia Governor Glenn Stevens said he is unwilling to fuel house price increase in an attempt to reduce unemployment faster, which jumped to a 12-year high in July, and warned about the creation of asset bubbles in the current low-interest rate environment.
Bank of Canada Governor Stephen Poloz announced that the BoC would keep its key interest rate on hold and remained neutral on its next move, referring to slack in the Canadian economy that will keep cost of living in check.
While the neighbouring is struggling amid slackening growth and geopolitical tensions, the U.K. is enjoying robust economic performance.
Business orders for U.S. factory goods soared by a record amount in July, owing to a substantial leap in contracts for commercial aircraft, adding to further signs of the American economy's resilience.
Negative data in the Euro zone continues to mount, increasing pressure on the ECB to act decisively as soon as today.
Australia's economy lost momentum in the second quarter after a dramatic decline exports, but the pace of growth was still above expectations.