U.S. consumer prices rose marginally in September and the number of workers filing new claims for jobless insurance hit a nine-month low last week, more proof the economy was healing after a protracted recession.
U.S. consumer prices rose marginally in September and the number of workers filing new claims for jobless insurance hit a nine-month low last week, more proof the economy was healing after a protracted recession.
U.S. consumer prices rose marginally in September from August, restrained by weak food and housing costs, according to government data on Thursday that pointed to scant inflation pressures as the economy makes a comeback from recession.
Buoyant corporate earnings lifted investors sentiment again on Thursday, sending world stocks to near 13-month highs.
Asian shares rose to 14-month highs on Thursday after upbeat U.S. retail sales and earnings reports prompted a shift to riskier assets, pushing the U.S. dollar to a 14-month low and prompting Asian governments to step in to curb currency strength.
Asian shares rose to 14-month highs on Thursday as upbeat retail sales and surprisingly bullish earnings reports in the United States buoyed risk appetite, pushing the U.S. dollar to a 14-month low.
Intraday support at 0.9030 held firm in local exchange yesterday with strong Chinese Trade data giving the Aussie another boost towards 91 cents. Offshore investors took the AUD/USD to a high around 0.9150 with optimism on the global recovery, following higher than forecast U.S Retail Sales data, continuing to drive sentiment on commodities and commodity based currencies like the AUD. Underlying support for the currency is expected to continue whilst the Greenback remains weak with today's trade...
Investors remain bullish about equities but not to the extent that it creates the risk of a sharp swing in sentiment, Bank of America Merrill Lynch said on Wednesday.
U.S. officials must figure out what to do about an economy that is growing yet not generating enough jobs before they can shift their focus to dismantling their multi-trillion-dollar rescue programs.
Britain's leading shares were 0.3 percent lower early on Tuesday, retreating from a 12-month high set the previous session with investors staying on the sidelines ahead of UK inflation data and upcoming U.S. corporate earnings.
The worst U.S. recession since the Great Depression has ended, but weak household spending as the labor market struggles to create jobs will slow the pace of the economy's recovery, according to a survey released on Monday.
The worst U.S. recession since the Great Depression has ended, but weak household spending as the labor market struggles to create jobs will slow the pace of the economy's recovery, according to a survey released on Monday.
The worst U.S. recession since the Great Depression has ended, but weak household spending as the labor market struggles to create jobs will slow the pace of the economy's recovery, according to a survey released on Monday.
The dollar gained for the second straight session against the yen on Monday, rising to a more than two-week high, with traders covering short positions as they debated the timing of a tightening in U.S. monetary policy though some investors remained cautious.
Comments by U.S Federal Reserve Bank Chairman Ben Bernanke relating to interest rates and inflation kept a lid on the Aussie dollar heading into the weekend and it opens this morning relatively unchanged from Friday''s Asian close at 0.9035.
There may not be as much slack in the U.S. economy as many forecasters believe, which means medium-term inflation risks could be higher, a Federal Reserve official said on Sunday.
An economic indicator is information amassed and published by a government or private entity recording the activity in a particular economic sector, either in a specific industry or in an entire economy. Most indicators are statistical, but they can be anecdotal or subjective as well. Indicators are recorded and published on a regular basis by many organizations and are used by traders to assess the strengths or weaknesses of an economy, to predict future activity, to judge central bank policy, ...
Britain's top shares were down 0.1 percent around midday on Friday, with falls in mining stocks just outweighing modest gains in oil majors and drugmakers during a largely directionless session.
Asian shares hit a new 14-month high on Friday on investor optimism over the global economy, while the dollar rose on short-covering following its slide earlier in the week.
Federal Reserve Chairman Ben Bernanke said on Thursday that while the U.S. central bank's vast support for the economy will likely be needed for a while, the Fed must remove that help as the economy heals to ward off inflation.
The European Central Bank is expected to keep interest rates at a record-low 1.0 percent on Thursday and its head Jean-Claude Trichet will probably caution against high hopes of a speedy economic recovery.