Monthly archive August, 2021

German business confidence weakened for the second straight month in August mainly due to significantly less optimism in companies' expectations, survey results from ifo Institute showed on Wednesday. The business climate index fell to 99.4 in August from 100.7 in Read More →

After exhibiting some strength early on in the session, the U.S. dollar turned easy and lost ground against most of its major rivals on Wednesday.Original Article Read More →

The Commerce Department released a report on Wednesday showing a modest decrease in new orders for U.S. manufactured durable goods in the month of July. The report said durable goods orders edged down by 0.1 percent in July following a Read More →

The U.S. dollar turned in a subdued performance on Tuesday amid easing prospects of the Federal Reserve tapering its bond buying program anytime soon.Original Article Read More →

The euro area economy recovered from a technical recession in the second quarter with the reopening of member-country economies after the coronavirus lockdowns, flash estimate from Eurostat showed on Tuesday. Gross domestic product grew 2 percent sequentially, in contrast to Read More →

With auto sales continuing to fall sharply, the Commerce Department released a report on Tuesday showing U.S. retail sales tumbled by much more than expected in the month of July. The report said retail sales slumped by 1.1 percent in Read More →