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U.S. Consumer Sentiment Unexpectedly Deteriorates In February

Consumer sentiment in the U.S. unexpectedly deteriorated in the month of February, according to revised data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index for February was downwardly revised to 76.9 Read More →

U.S. Construction Spending Unexpectedly Pulls Back Modestly In January

A report released by the Commerce Department on Friday unexpectedly showed a modest decrease in U.S. construction spending in the month of January. The Commerce Department said construction spending slipped by 0.2 percent to an annual rate of $2.102 trillion Read More →

Dollar Loses Ground Against Major Counterparts On Rate Cut Bets

The U.S. dollar weakened against its major counterparts on Friday amid bets the Federal Reserve will likely cut interest rate in June after data showed a slowdown in manufacturing activity in the U.S., and a drop in consumer sentiment.Original Read More →

U.S. Manufacturing Activity Unexpectedly Contracts At Faster Rate In February

Manufacturing activity in the U.S. unexpectedly contracted at an accelerated rate in the month of February, according to a report released by the Institute for Supply Management on Friday. The ISM said its manufacturing PMI dipped to 47.8 in February Read More →

India GDP Growth Climbs To 8.4% In December Qtr

India's economic growth improved strongly to 8.4 percent year-on-year in the December quarter from 7.6 percent in the previous three months, preliminary estimates from the statistics ministry showed Thursday. Economists had forecast the growth rate to slow to 6.6 percent.Read More →

Japan January Industrial Production Sinks 7.5%

Industrial output in Japan slumped a seasonally adjusted 7.5 percent on month in January, the Ministry of Economy, Trade and Industry said on Thursday.Original Article Read More →