Monthly archive April, 2019

New home sales in the U.S. unexpectedly jumped to their highest level in well over a year in the month of March, according to a report released by the Commerce Department on Tuesday. The Commerce Department said new home sales Read More →

Germany's business confidence unexpectedly weakened in April to its lowest level in three years, suggesting that the biggest euro area economy is not yet out of the woods. The business climate indicator dropped to 99.2 from an upwardly revised 99.7 Read More →

The U.S. dollar displayed immense strength on Wednesday after most of its peers shed ground amid concerns about growth.Original Article Read More →

The U.S. dollar rose against most of its major rivals and Tuesday and the dollar index surged to a 22-month high, with upbeat results and an unexpected jump in new home sales triggering the move up north.Original Article Read More →

Reflecting a notable decrease in mining output, the Federal Reserve released a report on Tuesday showing U.S. industrial production unexpectedly edged lower in the month of March. The report said industrial production dipped by 0.1 percent.Original Article Read More →

Germany's investor confidence rose sharply in April and topped economists' expectations, raising hopes of a rebound in the biggest euro area economy, but a sharp deterioration in the current assessment suggest that the outlook is set to remain greatly subdued Read More →