Monthly archive August, 2023

MNI Indicators released a report on Thursday showing a notable slowdown in the pace of contraction in Chicago-area business activity in the month of August. The report said the Chicago business barometer jumped to 48.7 in August from 42.8 in Read More →

The U.S. dollar depreciated against its major counterparts in the New York session on Wednesday, as ADP private sector job growth slowed in August and economy grew less than previously estimated in the second quarter, cementing expectations of a pause Read More →

Flash inflation from Germany and mortgage approvals from the UK are due on Wednesday, headlining a busy day for the European economic news. At 2.00 am ET, the European Automobile Manufacturers' Association publishes new car registrations data. In the meantime, Read More →

Consumer sentiment survey data from Germany is due on Tuesday, headlining a light day for the European economic news. At 2.00 am ET, the market research GfK publishes Germany's consumer confidence survey data for September. The forward-looking sentiment index is Read More →

The Jackson Hole Economic Symposium and the anxiety about Federal Reserve Chair Jerome Powell's commentary thereat was the overwhelmingly predominant theme for currency markets during the week spanning August 21 to 25.Original Article Read More →

German business sentiment deteriorated for the fourth month in a row in August to the lowest since late 2022 as companies' assessment of the current situation weakened sharply and they turned more pessimistic regarding the outlook, survey data from the Read More →