The amount of cash Swiss commercial banks held with nation's central bank turned lower in the week to January 25, a sign that investors are getting more anxious over Eurozone's financial woes.
The world's third largest economy is widely expected to expand by 2.5% in the fiscal year starting in April, due to Prime Minister Shinzo Abe's ambitious fiscal and monetary policies, the Japanese government's report showed Monday.
The next two years are going to be decisive for bank reform, thinks the incoming governor of the Bank of England Marc Carney.
The number of home buyers in the U.S. signing contracts to purchase previously owned properties dropped unexpectedly last month after three months of gains, showing uneven progress in the housing market.
The Eurozone M3 money supply increase slowed unexpectedly last month, the European Central Bank said on Monday.
U.S. durable goods rose notably above economists' expectations in the last month of 2012, together with transportation equipment orders which increased by 11.9% in the same month, the Commerce Department reported on Monday. The report showed a 4.6% rise of durable goods orders in December following a November's 0.7% jump, while economists forecast a 1.6% jump.Stock prices were changed after the report
Consumer prices in Canada remained barely visible for the second month in a row in the last month of 2012, indicating weak domestic demand keeping the inflation below the bottom of the central bank's target band, as food and shelter costs moderated.
The number of new homes sold in the U.S. in December has declined, indicating the property market rebound will take time to develop after the industry completed its first year of recovery.
Consumer prices in the world's third largest economy dipped for the seventh time in eight months, underscoring the risk that the central bank may struggle to reach its new 2% inflation target.
Britain's economy shrank more than initially was expected during the last three months of 2012, further fuelling fears that the economy could re-enter recession.
Confidence among German companies and investors hit a seven-month high in January, adding to signs that Europe's largest economy is recovering from a slump at the end of last year.
New home sales in the U.S. dropped unexpectedly in the month of December despite an improvement of longer-term trend, the U.S. Commerce Department reported on Friday. New single-family homes declined 7.3% from a November's revised level of 398,000 to a seasonally adjusted 369,000 in December, while economists expected the new home sales to rise to 388,000."2012 was the first year
The British economy slowed down more than economists expected in the last quarter of 2012 as oil production in the North Sea fell, quarrying and mining output declined and as the Olympic games boost slumped, pushing the economy into a "triple-dip" recession. The UK's gross domestic product shrank 0.3% in the Q4 compared to a 0.1% fall initially estimated."There are
Business confidence in the Europe's largest economy advanced above expectations of economists in January suggesting that the country's economy is recovering from a decrease the last month, the Ifo Business survey revealed on Friday. The Ifo Business Climate Index for German industry and trade advanced for the third consecutive month from a 102.4 in December to 104.2 in January, its
The Bank of Canada left its key rate unchanged on Wednesday, and lowered its growth forecast for this year, as the economy is growing at a slower pace than expected.
Japan logged a record trade deficit in 2012, due to the significant drop in exports, the finance ministry said in Tokyo on Wednesday.
The number of mortgages approved in the U.K. remained unchanged last month, confounding expectations for a modest increase.
New applications for the unemployment benefits in the world's biggest economy dropped significantly during the last week, pointing to further improvement in the labour market.
Business activity in the Eurozone's largest economy surged more than initially was expected, adding to signs the worst is over and the region's economy will start gaining momentum soon.
U.S. jobless benefits claims dropped unexpectedly in the week ended January 19 reaching its lowest level since January 2008, the Labor Department showed in a report on Thursday. The report said the number of applications for unemployment benefits declined by 5,000 to 330,000 last week, the lowest figure in five years, compared to economists predictions of 355,000 claims."The swings are
Output of private sector in Germany increased in January hitting its twelve-month high as the service activity has the biggest impact rising at the fastest pace since June 2011, while manufacturing production grew slightly in January. Markit Flash Germany Composite Output Index added 3.3 points as it rose from 50.3 in December to 53.6 in January."The euro dipped on French
The number of mortgage approvals in the U.K. rose in November to its highest level in a nine-month period, suggesting that the home loan market is going through stabilization, the British Banker's Association reported on Thursday. Mortgage approvals rose from 33,634 in October to 33,128 in November, while the gross mortgage lending reached 7.7 billion pounds.Households "continuing to repay virtually
Economic expectations for Switzerland improved for the fourth consecutive month, indicating that investors and analysts are getting less anxious over future economic outlook.
The Bank of Japan bowed to pressure from the government led by the new Prime Minister Shinzo Abe to announce a plan for a bigger-than-expected financial stimulus.