Monthly archive February, 2018

U.S. Pending Home Sales Unexpectedly Slump 4.7% In January

Pending home sales in the U.S. unexpectedly showed a steep drop in the month of January, the National Association of Realtors revealed in a report on Wednesday. NAR said its pending home sales index tumbled by 4.7 percent to 104.6 Read More →

Dollar boosted by Powell’s comments; more rate hikes expected

US stocks sell off after Fed chief Powell signals more rate hikes in order to tame inflation. Yesterday in First address to to US Congress Fed Chairman Jerome Powell gave out more details on the Fed’s expectations for economic growth Read More →

U.S. Consumer Confidence Improves More Than Expected In February

A report released by the Conference Board on Tuesday showed a much bigger than expected improvement in U.S. consumer confidence in the month of February. The Conference Board said its consumer confidence index jumped to 130.8 in February from a Read More →

Bank Of Korea Keeps Benchmark Interest Rate Unchanged At 1.50%

The Bank of Korea's monetary policy board on Tuesday voted to hold the nation's benchmark interest rate steady at 1.50 percent, in line with expectations.Original Article Read More →

Cryptocurrency Daily Roundup – Feb. 26

Prices of Bitcoin and cryptocurrencies tumbled on news that the US tax authorities have asked a leading trading platform to furnish customer data. More acceptance for cryptocurrencies with a central Asian country planning legislation to legitimize transactions in virtual currencies. Read More →

Germany’s Q4 GDP Expands On Exports

Germany's economy expanded at a solid pace, as initially estimated, in the fourth quarter largely driven by foreign demand, detailed data from Destatis showed Friday. Another official data showed that the largest euro area economy logged its biggest budget surplus Read More →