Menu

Monthly archive June, 2021

Australia Q1 GDP Spikes 1.8% On Quarter

Australia's gross domestic product expanded a seasonally adjusted 1.8 percent on quarter in the first three months of 2021, the Australian Bureau of Statistics said on Wednesday.Original Article Read More →

Fed’s Beige Book Says U.S. Economy Expanded At Somewhat Faster Rate

Partly reflecting the positive effects of increased Covid-19 vaccination rates and relaxed social distancing measures, the Federal Reserve's Beige Book said Wednesday the U.S. economy increased at a somewhat faster rate from early April to late May.Original Article Read More →

Dollar Pares Early Gains As Focus Shifts To Upcoming Jobs Data

The U.S. dollar advanced against its major counterparts in the Asian session on Wednesday, but kept paring gains as the day progressed with traders shifting their focus to the upcoming jobs data, due on Friday.Original Article Read More →

European Economics Preview: Germany Retail Sales Data Due

Retail sales from Germany and mortgage approvals from the UK are due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's retail sales data for April. Economists forecast Read More →

U.S. Construction Spending Inches Up To New Record High In April

A report released by the Commerce Department on Tuesday showed U.S. construction spending increased by less than expected in the month of April. The Commerce Department said construction spending edged up by 0.2 percent to an annual rate of $1.524 Read More →

U.S. Pending Home Sales Plunge To Lowest Level In Almost A Year

A report released by the National Association of Realtors on Thursday showed pending home sales in the U.S. unexpectedly tumbled to their lowest level in nearly a year in the month of April. NAR said its pending home sales index Read More →