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U.S. Pending Home Sales Spike More Than Expected In June

After reporting a substantial rebound in pending home sales in the U.S. in the previous month, the National Association of Realtors released a report on Wednesday showing another significant increase in pending home sales in the month of June.Original Read More →

Fed Leaves Interest Rates Unchanged, Remains Committed To Using Full Range Of Tools

In a widely expected move, the Federal Reserve announced Wednesday that interest rates will remain at near-zero levels amid the economic hardship imposed by the coronavirus pandemic. The Fed said it decided to maintain the target range for the federal Read More →

Dollar Slips To 2-year Low; Loses Ground Against Its Peers

The U.S. dollar tumbled to a two-year low on Wednesday, after snapping having snapped a losing streak a day earlier, weighed down by rising coronavirus cases across U.S., and the Federal Reserve's comments that it will hold interest rates near Read More →

Fitch Lowers Japan’s Rating Outlook

Fitch Ratings downgraded Japan's sovereign rating outlook citing the sharp economic contraction caused by the coronavirus pandemic. The outlook on 'A' rating was lowered to 'negative' from 'stable'. The agency observed that a downturn in consumer spending and business investment Read More →

U.S. Consumer Confidence Pulls Back More Than Expected In July

After reporting a substantial improvement in U.S. consumer confidence in the previous month, the Conference Board released a report on Tuesday showing consumer confidence deteriorated by more than expected in the month of July. The Conference Board said its consumer Read More →

German GfK Consumer Confidence To Strengthen In August

German consumer confidence is set to continue strengthening into August from the weaker level caused by the coronavirus pandemic, as the reduction in the value-added tax boosted the propensity to buy, survey data from market research group GfK showed Thursday. Read More →