Japan sank deeper into recession with its worst quarterly contraction in 35 years, data showed on Monday, its reliance on exports and soft domestic demand dragging down the world's second-largest economy.
The European Central Bank on Thursday left its key lending rate unchanged at 2 percent, putting to an end of a series of cuts over the past four months.
Inflation at factory level has continued declining in December, posting its fifth consecutive month on month drop, after having peaked in May, according to data released by Eurostat.
Consumer confidence rose to a four-month high in January, helped by optimism that President Barack Obama's new administration might bring relief from a year-long recession, a survey showed on Friday.
My popularity on television and the internet has led a very small money manager to use his popular financial blog to promote his fledgling business by attacking the recent poor
Several important Japanese indicators were released overnight including industrial production, unemployment rate and inflation (see below for details). The releases make horrible reading.
Overall, the dollar continues to strengthen overnight. The only exception among the majors is the pound, which rose after some very good economic reports coming from the U.K. Ahead, the market is likely to become very volatile, especially during the U.S. open, when some important releases are scheduled.
Release Explanation: CPI measures the average price of a fixed market basket of goods and services purchased by consumers, and therefore give an overall read of Inflationary pressures. It is the most widely used Inflation indicator of Central Banks
As all recovery hopes are now pinned on the efficacy of Washington's next stimulus package, President Obama has opened the bidding at $825 billion. Most Republicans
Australian Dollar: The Aussie dollar traded lower in local trade yesterday weighed down by continued weakness in equity markets and a slide in the Euro. After holding onto
Australian Dollar: The AUD staged a strong rally during yesterday's local session as investors gained confidence from a positive finish on Wall Street on Friday and eyed this
Most consider the New York market 'spot' price for an accurate indication of the true price. However, investors now buying buy physical or 'fabricated' gold, are paying a
In an attempt to keep up with the country's soaring inflation, Zimbabwe will introduce a 100 trillion dollar note.
The Bank of England cut interest rates by half a percentage point to 1.5 percent on Thursday - its lowest rate since the bank was created in 1694 - as it aims to stave it off a deeper economic slump.
Australian Dollar: The Australian Dollar opens at a 3-month high against its U.S. counterpart at 0.7250 as commodity prices continue their recent run higher. Positive sentiment
Consumers banked a big portion of their tax rebate checks last month, giving them enough cushion to keep spending for a few more months and perhaps postponing a recession that once seemed inevitable.
U.S. stocks were mixed in morning trading on Friday, failing to post a significant rebound a day after the Dow suffered its second-worst percentage loss of the year and closed at its weakest level in 21 months while key inflation gauge showed signs that consumer spending surged in May.
Gold futures gained in electronic trading on Wednesday afternoon in New York, after ending lower at the close of trade when the Federal Reserve announced its decision to keep interest rates steady as inflation concerns rise.
U.S. stocks held onto most of its gains on Wednesday after the Federal Reserve decided to end its string of interest rate cuts and maintain rates at 2 percent as inflation concerns rise.
U.S. stocks rose on Friday, paring the week's losses, after oil retreated and by a rising dollar while some measures of inflation matched economists' forecast, damping speculation the Federal Reserve will boost interest rates this year.
The dollar was steady against the yen on Tuesday after Federal Reserve chief Ben Bernanke said risks to the U.S. economy had decreased and signaled a willingness to fight inflation.
Crude oil futures climbed on Thursday as the dollar fell on speculation that the European Central Bank may raise interest rates next month, pressured by inflation.
