U.S. Existing Home Sales Fall in May

Investing.com - Sales of previously-owned U.S. homes unexpectedly fell in May, according to figures released by the National Association of Realtors on Wednesday. Existing home sales fell 0.4% in May from the previous month to an annualized pace of 5.43 million units. Economists had forecast a 1.5 ...

U.S. Housing Starts Rise in May

Investing.com - U.S. homebuilding rose in May, according to data released on Tuesday. Housing starts increased 5.0% to a seasonally adjusted annual rate of 1.350 million units last month, the Commerce Department said. Economists had forecast housing starts rising to a pace of 1.310 million unit ...

Economic Calendar: Top Things To Watch

Investing.com - On Monday, the flash Manufacturing Purchasing Managers Index provides an early reading of the economy in June. Housing starts and buildings permits for May are released on Tuesday. Oil traders are awaiting weekly inventory data from the API (Tuesday) and the EIA (Wednesday) ...

U.S. Consumer Sentiment Rises in June

Investing.com – U.S. consumer sentiment rose in June, according to a report published on Friday. The preliminary publication of the data for June from the University of Michigan's Consumer Survey Center showed that consumer sentiment rose to 99.3 from 98.0 a month earlier. Analysts ha ...

Empire State Index Rises in June

Investing.com - The Empire State manufacturing index unexpectedly rose in June, to a reading of 25.0 from 20.10 in June, the New York Fed reported on Friday. The consensus forecast had been for a reading of 19.10. Any reading above zero indicates improving conditions, below indicates worsenin ...

Euro Zone Annual Inflation 1.9% in May

Investing.com - Euro zone consumer prices rose in May, according to a final estimate released on Friday. The bloc’s statistics agency Eurostat said its final reading of the consumer price index rose 1.9% in May from the same month a year earlier. Consumer prices increased 0.5% from a month earlier. ...

U.S. Jobless Claims Fall by 4,000 in Latest Week

Investing.com - The number of people who filed for unemployment assistance in the U.S. last week fell more than expected, according to official data released on Thursday. The number of individuals filing for initial jobless benefits decreased by 4,000 to 218,000 the Labor Department said. Analyst ...

U.S. Retail Sales Rise Much More Than Forecast in May

Investing.com - Retail sales in the U.S. rose for the third-straight month in May, underling optimism over the health of the economy and supporting the case for more interest rate hikes by year-end. Retail sales increased by a seasonally adjusted 0.8% last month, according to the U.S. Commerc ...

ECB Holds, Signals End of QE in December

Investing.com - The European Central Bank left interest rates on hold on Thursday, in what was a widely anticipated decision and adjusted its forward guidance in its monetary policy statement. The ECB said that it anticipates that its asset purchase program will end in December after being reduce ...

UK Retail Sales Rise by 1.3% in May

Investing.com - UK retail sales rose 1.3% in May, the Office for National Statistics said on Thursday. This was compared to a 1.8% increase in the previous month which was revised up from an initial 1.6% advance. Economists had forecast a reading of just 0.5%. Year-on-year, retail sales rose b ...

China May Industrial Output, Retail Sales Miss Expectations

Investing.com – China’s May industrial output and retail sales both missed expectations, while fixed-asset investment’s growth in the first five months were also well below forecasts, official data showed on Thursday. Industrial output grew 6.8% year-on-year in May, missed expectations of a 6. ...

Federal Reserve Raises Interest Rates in Second Hike This Year

Investing.com - The Federal Reserve raised interest rates by a quarter point on Wednesday, its second rate hike this year, in a decision that was widely anticipated by markets. The Federal Open Market Committee increased the overnight funds rate to a range of 1.75% to 2.00%. Futures traders ha ...

U.S. Producer Prices Rise 0.5% in May

Investing.com - U.S. producer prices rose in May, according to data released on Wednesday. The Labor Department said its producer price index increased 0.5% last month. In the 12 months through May, the PPI rose 3.1%. Economists had forecast the PPI rising 0.3% last month and increasing 2.8% from ...

UK Inflation Holds Steady at One-Year Low of 2.4% in May

Investing.com - Inflation in the UK held steady at a one year lows in May, further diminishing the chances for a rate hike by the Bank of England in the coming months. The Office for National Statistics reported that the annual rate of inflation rose by 2.4% in May, unchanged from the previou ...

U.S. Inflation Rises 2.8% in May

Investing.com - U.S. inflation accelerated more than expected in May, underlining the case for a faster pace of monetary tightening by the Federal Reserve. Consumer price inflation rose by an annualized 2.8% in May the Labor Department said, up from 2.5% in the previous month. The consensu ...