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Germany Industrial Production Drops Unexpectedly

Germany's industrial production decreased unexpectedly in May as the supply bottlenecks continued to weigh on the automotive sector, official data revealed Wednesday. Industrial production fell 0.3 percent month-on-month in May, the same pace of decline as seen in April, data Read More →

Fed Minutes Hint At Patience Regarding Tapering Asset Purchases

With officials still seeing risks to the economic outlook, the minutes of the Federal Reserve's latest monetary policy meeting suggest the central bank will not be in a hurry to begin scaling back its asset purchase program.Original Article Read More →

Dollar Stays Firm Against Peers Despite Paring Some Gains

After gaining in strength early on in the U.S. session on Wednesday ahead of the release of the minutes of the Federal Reserve's June meeting, the U.S. dollar retreated and pared some gains against a few major currencies.Original Article Read More →

EU Raises Growth Outlook, Warns Of Higher Than Forecast Inflation

The European Commission raised the growth forecast for the euro area on Wednesday and warned that inflation could be higher than expected if supply constraints persist.Original Article Read More →

South Korea May Current Account Surplus $10.76 Billion

South Korea posted a current account surplus of $10.76 billion in May, the Bank of Korea said on Wednesday - up from $1.91 billion in April.Original Article Read More →

European Economics Preview: Germany Factory Orders, Economic Confidence Due

Factory orders and economic confidence survey results from Germany are due on Monday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is slated to issue Germany's factory orders data for May. Economists forecast orders Read More →

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