The number of workers filing new applications for jobless aid fell last week as the labor market gradually improves, while producer price data showed inflation remained muted, despite a surge in food prices last month.
The Australian Dollar opens lower (0.9260) this morning weighed down by little movement in global equity markets last night and further Greek Sovereign debit worries.
The Australian Dollar opens higher today at 0.9310 after receiving a boost yesterday from the release of the Reserve Bank of Australia (RBA) April 6 board meeting minutes.
Asian stocks rebounded on Tuesday, a day after suffering their biggest percentage fall in 10 weeks, as Citigroup's best results since 2007 raised investor optimism about earnings growth.
Asian stocks rebounded on Tuesday, a day after suffering their biggest percentage fall in 10 weeks, as Citigroup's best results since 2007 raised investor optimism about corporate earnings and risk aversion receded.
For U.S. industrial companies, this quarter's earnings season could bring the first concrete evidence an awaited economic recovery has arrived.
The high U.S. jobless rate and low inflation mean the Federal Reserve will likely keep its near-zero interest-rate policy in place for quite some time, a top Fed official said on Monday.
U.S. stocks will likely hit major speed bumps this week as the bears step up pressure following fraud charges against Goldman Sachs and earnings will need to clear a high bar to give Wall Street a reprieve.
China's cabinet on Saturday laid out further detailed measures for keeping the property sector in check, empowering and ordering local governments to take steps to control speculative buying.
The U.S. central bank's withdrawal of extraordinary monetary stimulus for the economy should be done as deliberately as possible, a senior Federal Reserve official said on Friday.
U.S. consumer sentiment took a surprise negative turn in early April due to a persistently grim outlook on income and jobs, a private survey released on Friday showed.
China chalked up unexpectedly strong annual growth of 11.9 percent in the first quarter, prompting renewed calls for tighter policies to prevent the economy from overheating and stoking speculation of when Beijing will loosen its grip on the yuan.
China chalked up unexpectedly strong annual growth of 11.9 percent in the first quarter, prompting renewed calls for tighter policies to prevent the economy from overheating and stoking speculation on when it will loosen its tight grip on the yuan.
U.S. consumer prices rose 0.1 percent in March, a government report showed on Wednesday, matching economists' expectations for a tame reading and giving the Federal Reserve leeway to maintain ultra-low interest rates.
Sales at U.S. retailers rose more strongly than expected in March, pointing to a broadening of the manufacturing-led economic recovery as inflation pressures remained muted.
The exciting news from the CFTC gold and silver hearings seem to have coinincided with the predictable gold move.
Investors are coming to believe that the global economic recovery is real and it is safe to invest in a Goldilocks climate of slow growth, low inflation and solid earnings, a monthly poll showed on Tuesday.
Fewer Canadians returned to work in March than expected, but the three-month hiring trend was the strongest since the financial crisis intensified in the autumn of 2008, suggesting the recovery is entrenched.
The world has been hit with recession, subprime crisis, bubbles, inflation, deflation and stock market crashes in the last 10 years. But one asset has withstood the economic turmoil and remained as the most robust investment vehicle for the poor and the rich alike in the world is, of course, gold.
The Federal Reserve could keep interest rates ultra-low for even longer than investors expect if the economic outlook worsens or inflation drops, minutes from the central bank's last meeting suggested.
TORONTO The Canadian dollar rose to one-for-one footing with the U.S. currency on Tuesday, hitting its strongest level since July 2008, boosted by rising commodity prices and expectations for higher domestic interest rates.
The services sector grew at its fastest pace in nearly four years in March and future home sales unexpectedly rose in February bolstering hopes for sustainable economic recovery and job growth.
