The British currency jumped Monday after official report said manufacturing activity in the U.K. rose at the fastest rate since June 2014 in October, supporting optimism over the country’s economic outlook and thus the case for higher interest rates...
“If we are convinced that our medium-term inflation target is at risk, we will take the necessary actions,” Draghi said in an interview with Italian Il Sole 24 Ore published on Saturday...
Data presented Friday by the EU statistical office Eurostat signaled that euro zone inflation flatlined in October. A separate report showed that unemployment in the euro area declined in September...
The dollar dropped against the yen in Asia trade Friday, as local media said the government is drawing up a fresh fiscal stimulus in the form of a supplementary budget exceeding 3 trillion yen ($25 billion...
UBS considers weakness in gold to be a buying opportunity, as the metal has declined since the Federal Open Market Committee signaled Wednesday a rate hike is still possible in December...
U.S. stocks opened in the red on Thursday as market players were digesting the impact weaker-than-expected U.S. GDP data might have on the Federal Reserve’s thinking about interest rates...
The U.S. economy slowed to annual growth rate of 1.5% in the third quarter from 3.9% in the spring, mostly due to a smaller buildup in warehouse inventories...