Monthly archive March, 2019

South Korea Industrial Production Falls 2.6% In February

Industrial output in South Korea dropped a seasonally adjusted 2.6 percent on month in February, Statistics Korea said on Friday - following the 0.2 percent increase in January.Original Article Read More →

U.S. Housing Starts Pull Back Sharply In February

New residential construction in the U.S. pulled back sharply in February after jumping in the previous month, according to a report released by the Commerce Department on Tuesday. The Commerce Department said housing starts plunged by 8.7 percent to an Read More →

U.S. Consumer Confidence Unexpectedly Deteriorates In March

Reflecting a deterioration in consumers' assessment of current conditions, the Conference Board released a report on Tuesday showing an unexpected decrease in U.S. consumer confidence in the month of March.Original Article Read More →

Dollar Recovers After Initial Weakness Despite Disappointing Data

The U.S. dollar edged up marginally, rebounding from lower levels despite disappointing data on consumer confidence and building permits.Original Article Read More →

ECB’s Draghi Says External Demand Weakness Does Not Mean ‘Serious Slump’ Ahead

European Central Bank President Mario Draghi said on Wednesday that the bank's monetary policy stance remained accommodative in the face of weaker growth outlook for the euro area and that the weakness in external demand is unlikely to be severe. Read More →

U.S. Trade Deficit Narrows Amid Steep Drop In Imports

Largely reflecting a steep drop in the value of imports, the Commerce Department released a report on Wednesday showing the U.S. trade deficit narrowed by much more than anticipated in the month of January. The Commerce Department said the trade Read More →