The British pound weakened against most major currencies in the European session on Wednesday. The pound fell to nearly a 2-month low of 190.75 against the yen, from an early high of 192.41. Against the Swiss franc and the euro, the pound edged down to 1.1119 and 0.8356 from early highs of 1.1143 and 0.8333,...
German consumer confidence is set to deteriorate sharply at the end of the year as income expectations plunged to a nine-month low on growing fears of recession, a closely watched survey showed Wednesday. The consumer sentiment index slid to -23.3 in December from revised -18.4 in November, survey results jointly published by GfK and the...
A report released by the Labor Department on Wednesday showed first-time claims for U.S. unemployment benefits unexpectedly edged lower in the week ended November 23rd. The Labor Department said initial jobless claims dipped to 213,000, a decrease of 2,000 from the previous weeks revised level of 215,000. Economists had expected jobless claims to rise to...
The Commerce Department released a report on Wednesday showing new orders for U.S. manufactured durable goods increased by less than expected in the month of October. The report said durable goods orders rose by 0.2 in October after falling by a revised 0.4 percent in September. Economists had expected durable goods orders to climb by...
The jump by U.S. economic activity in the third quarter was unrevised compared to the previous estimate, according to a report released by the Commerce Department on Wednesday. The Commerce Department said gross domestic product surged by 2.8 percent in the third quarter, unchanged versus the advance estimate issued last month. The report said upward...
A report released by the Labor Department on Wednesday showed first-time claims for U.S. unemployment benefits unexpectedly edged lower in the week ended November 23rd. The Labor Department said initial jobless claims dipped to 213,000, a decrease of 2,000 from the previous weeks revised level of 215,000. Economists had expected jobless claims to rise to...
A closely watched report released by the Commerce Department on Wednesday showed consumer prices in the U.S. increased in line with estimates in the month of October. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in October, matching the uptick seen in September as well as economist estimates....
The Commerce Department released a report on Wednesday showing new orders for U.S. manufactured durable goods increased by less than expected in the month of October. The report said durable goods orders crept up by 0.2 in October after falling by a revised 0.4 percent in September. Economists had expected durable goods orders to climb...
The jump by U.S. economic activity in the third quarter was unrevised compared to the previous estimate, according to a report released by the Commerce Department on Wednesday. The Commerce Department said gross domestic product surged by 2.8 percent in the third quarter, unchanged versus the advance estimate issued last month. The unrevised reading matched...
The Swiss franc strengthened against its major counterparts in the New York session on Monday. The franc touched 0.8848 against the greenback, setting a 4-day high. The franc rose to 0.9291 against the euro and 1.1131 against the pound, from its early 5-day lows of 0.9344 and 1.1225, respectively. The franc edged up to 174.06...