Belgium Business Confidence Weakens For Second Month

Belgium’s business confidence deteriorated for a second consecutive day in June amid weakness in manufacturing, business services and trade, survey data from the National Bank of Belgium showed Friday. The business confidence index dropped to -2 from -1.1 in May. The confidence measure for the business services sector eased for ...

Read More »

Loonie Falls After Canada Inflation Drops Unexpectedly

The Canadian dollar slipped against its major opponents in the European session on Friday, as nation’s consumer price inflation unexpectedly fell in May, dampening expectations for the Bank of Canada rate hike in near future. Data from Statistics Canada showed that CPI fell 0.2 percent on a seasonally adjusted monthly ...

Read More »

Crude Oil Inches Up To $43 After Yearly Low

Crude oil futures trimmed steep recent losses with a modest daily gain Friday, as another rise in the U.S. rig count prevented a sustained rally. Baker Hughes said U.S. drillers added 11 oil rigs this week, the biggest increase in three weeks. The rig count has risen 23 weeks in ...

Read More »

Treasuries Close Slightly Higher Following Choppy Trading Session

Treasuries showed a lack of direction over the course of trading day on Friday before ending the session slightly higher. After spending the day bouncing back and forth across the unchanged line, bond prices moved to the upside going into the close. Subsequently, the yield on the benchmark ten-year note, ...

Read More »

Eurozone Consumer Confidence Unlikely To Rise Much Further

Eurozone consumer confidence is unlikely to rise much further in the next year, despite a fairly strong economic outlook, Jack Allen, an economist at Capital Economics, said. The euro-zone consumer confidence improved to -1.3 in June from -3.3 in May, official data revealed on June 22. The score was the ...

Read More »

Dollar Mixed Ahead Of U.S. New Home Sales

The Commerce Department releases U.S. new home sales for May at 10:00 am ET Friday. Economists forecast the index to rise by 590,000 from 569,000 in the previous month. Ahead of the data, the greenback traded mixed against its major rivals. While the greenback fell back against the euro, it ...

Read More »
Scroll To Top
Hosting by