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German Manufacturing PMI at 81-month high

Private sector output in Germany expanded at a faster pace than expected in November, fueling optimism over the health of the euro zone's largest economy, preliminary data showed on Thursday. Market research group Markit said that its Flash German Composite…

French Private Sector Output Accelerates in November

Growth in the French private sector accelerated in November, bolstering the economic outlook for the euro zone’s second largest economy according to data released on Thursday. The preliminary reading of the Markit services purchasing managers’ index came in at 60.2 this…

Fed doubts on inflation grow, but rate hike likely soon, minutes show

The Federal Reserve left the door open a crack for keeping interest rates unchanged until the end of year amid nagging doubts about the persistence of low inflation. Minutes of the Fed’s two-day meeting that ended Nov. 1 show the…

Durable Goods Orders down by 1.2%

New orders for key U.S.-made capital goods unexpectedly fell in October after three straight months of hefty gains, but a sustained increase in shipments pointed to robust business investment and economic momentum as the year winds down. The Commerce Department…

U.K. Bows to Worsening Economy, More Borrowing as Brexit Nears

U.K. Prime Minister Theresa May’s troubled government resigned itself to a deteriorating economic outlook as it committed 3 billion pounds ($4 billion) to prepare for Brexit and tried to make housing more affordable for the young. In delivering his annual…

Australian Construction Work Done rose by 15.7%

The trend estimate for total construction work done rose 0.6% in the September quarter 2017. The seasonally adjusted estimate for total construction work done rose 15.7% to $61,863.2m in the September quarter. The trend estimate for total building work done…

Existing Home Sales increased to an annual rate of 5.48 million

Total existing-home sales which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 2.0 percent to a seasonally adjusted annual rate of 5.48 million in October from a downwardly revised 5.37 million in September. After last month's…

UK factories enjoy best month for new orders since 1988: CBI

British factories enjoyed the biggest deluge of new orders in nearly three decades this month, an industry survey showed, adding to signs that the post-Brexit vote fall in the value of sterling is helping manufacturers. The Confederation of British Industry's…

Public Sector Net Borrowing increased by £0.5 billion

Public sector net borrowing (excluding public sector banks) decreased by £4.1 billion to £38.5 billion in the current financial year-to-date (April 2017 to October 2017), compared with the same period in 2016; this is the lowest year-to-date net borrowing since…

Australian Dollar Stumbles as RBA Minutes Remain Cautious

The Australian Dollar slipped Tuesday following the release of typically cautious monetary-policy meeting minutes from the Reserve Bank of Australia. The RBA left the Official Cash Rate alone on November 7, at its record low of 1.50%. The minutes flesh…

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