Monthly archive November, 2019

Iceland central bank lowered its benchmark interest rate for the fifth successive rate-setting session as the economy is forecast to contract this year. The Monetary Policy Committee of the Central Bank of Iceland, on Wednesday, reduced the interest rate by Read More →

Labor productivity in the U.S. unexpectedly edged lower in the third quarter, according to preliminary data released by the Labor Department on Wednesday. The report said labor productivity dipped by 0.3 percent in the third quarter after spiking by an Read More →

The German government's independent economic advisers slashed the growth forecast for the biggest euro area economy, but said a severe recession is unlikely. "The upswing has come to an end, but a widespread and deep recession is still unlikely," the Read More →

U.S. dollar recovered after early weakness but turned quite subdued past noon and stayed below the flat line thereafter, as traders awaited news about the progress on the U.S.-China trade front.Original Article Read More →

Eurozone retail sales increased for the second straight month in September, suggesting that household spending has contributed positively to economic growth in the third quarter. Elsewhere, survey results from IHS Markit showed that the euro area private sector expanded slightly Read More →

Benefiting from continued optimism about a potential U.S.-China trade deal, the value of the U.S. dollar has moved to the upside on Tuesday.Original Article Read More →