International Economic
Americans ramp up spending in February, prices roughly stable
Americans ramped up their spending amid roughly stable price pressures.
Strong US consumer spending prompts upward revision to Q4 GDP
Revisions to fourth-quarter GDP figures showed that the US economy grew at a faster-than-expected rate at the end of 2023, according to data out on Thursday from the Bureau of Economic Analysis.
Consumers confident in March that inflation will soften, U. Michigan says
Consumer confidence in the U. S. improved slightly in March amid lessened concern about inflation, the results of a closely-followed survey revealed.
US jobless claims little changed during latest week
The U. S. jobs market remained tight during the preceding week.
German retail sales fall unexpectedly in February
German retail sales unexpectedly fell in February, according to official data published on Thursday, showing that consumer spending was unable to drive economic recovery.
Yen reaches weakest levels in 34 years
The Japanese yen plunged to its weakest level against the US dollar in about 34 years on Wednesday.
Key US port of Baltimore blocked after cargo ship collapses bridge
Trade at the vital US port of Baltimore has come to a standstill after a container cargo ship hit and collapsed a large section of the Francis Scott Key Bridge.
US consumer confidence holds steady, but future outlook slips
Consumer confidence in the US held broadly steady in March, as improving perceptions about the current economic climate were offset by rising anxiety about future conditions.
US house-price growth picks up to 14-month high
House-price growth in major US cities picked up slightly in January, accelerating to its fastest pace in 14 months, according to S&P/Case-Shiller data released on Tuesday.
US durable goods orders rise by more than expected in February
Orders for goods made to last more than three years increased by a bit more than expected last month.
German consumer sentiment still sluggish - GfK
German consumer sentiment remains sluggish, but continues to make slow progress towards recovery, a survey showed on Tuesday.
Expectations for a rate cut this year 'not unreasonable' - Bailey
Expectations of interest rate cuts this year are "not unreasonable", the governor of the Bank of England has said.
German business sentiment improves in March - Ifo
German business sentiment improved in March, according to a survey released on Friday by the Ifo Institute.
US existing home sales jump in February amid brisk demand
Sales of existing homes in the U. S. shot higher by the most since one year ago in February amid brisk demand.
US GDP growth picks up in Q1, S&P says, as do price pressures
Economic activity in the U. S. picked up in the first quarter amid "unwelcome price pressures", the results of two surveys revealed.
Philly Fed index edges past forecasts in March, price pressures ease
Factory sector activity in the U. S. mid-Atlantic region was little changed in March, the results of a closely-followed survey showed.
US jobless claims hold near historically low levels
Unemployment claims in the U. S. continued to hold near historically low levels during the latest week.
Turkish central bank lifts interest rates to 50%
The Turkish central bank announced on Thursday that it was lifting its policy rate to 50% from 45% in a surprise move.
Norway keeps interest rates unchanged, signals only one cut in 2024
Norway's central bank kept its main interest rate unchanged, as expected, but indicated it would only make one cut this year.
Swiss National Bank cuts rates in surprise move
The Swiss National Bank surprised markets on Thursday after it trimmed interest rates for the first time in nearly a decade.