Europe: Euro Economy Is Heading Towards a Golden Period Europe is no longer the sick man of the world economy. The 19-nation euro-zone bloc is already enjoying the strongest growth in a decade and now economists at Credit Suisse Group AG and Oxford Economics are declaring that it’s heading toward a golden period of low-inflationary
U.S.: Dollar set for biggest weekly drop in four weeks on tax concerns The dollar edged higher on Friday as an overnight spike in U.S. Treasury bond yields prompted some investors to buy the greenback after some recent heavy selling. But the greenback was set for its biggest weekly drop in four weeks as investors
U.S.: Dissecting the $250 Billion China Deals Trump Got for U.S. How does $250 billion in deals get sliced? The White House has unveiled a slew of agreements with China as President Donald Trump seeks to address an imbalance in trade. While Commerce Secretary Wilbur Ross boasted a total of $250 billion in business deals,
U.S.: Dollar slips on fears over U.S. tax reform delay The dollar slipped against most major currencies on Wednesday, weighed down by worries over possible delays to Donald Trump’s tax reform plan and evidence of the U.S. president’s waning popularity. The greenback had risen to a 3-1/2-month high against a basket of currencies in recent
Dollar Gains as Treasury Yields Rise; Stocks Drift: Markets Wrap The dollar strengthened and U.S. Treasury yields rose as President Donald Trump called on North Korea to “make a deal” on its missile and nuclear program. European stocks fluctuated near a two-year peak following record gains in Asian markets. The Stoxx Europe 600 Index steadied,
U.S.: New York Fed President Dudley to Retire in Mid-2018 Federal Reserve Bank of New York President William Dudley plans to retire in the middle of next year, signaling the departure of an influential, crisis-tested policy maker that will widen the leadership overhaul at the U.S. central bank. The New York Fed said in a
U.S.: U.S. Adds 261,000 Jobs as Storm Effects Reverse; Wages Stall U.S. employers added the most workers in a year, rebounding from September’s slowdown, as people resumed work after hurricanes Harvey and Irma, Labor Department figures showed Friday. The jobless rate fell to the lowest since 2000 while wages stalled. The report indicates the fallout
U.S.: U.S. Productivity Rises by Most in Three Years as Output Jumps Worker productivity in the U.S. rose in the third quarter by the most since 2014 as the world’s largest economy expanded at a solid pace, a Labor Department report showed Thursday in Washington. The results are consistent with third-quarter figures last week that
U.S.: U.S. Companies Add Most Workers in Seven Months, ADP Data Show Companies added more workers than forecast to U.S. payrolls in October, indicating hiring snapped back after hurricanes Harvey and Irma, according to data released Wednesday from the ADP Research Institute in Roseland, New Jersey. he report indicates resilience in the labor market and
U.S.: Home-Price Gains in 20 U.S. Cities Showed Acceleration in August Home values have continued to increase steadily across the U.S. as buyers compete for a limited supply of available homes. Asking prices have grown faster than incomes, pushing down homeownership rates across the country. Those trying to enter the market have felt the price
