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  • H.S. Borji

    The US dollar index advanced to fresh highs Tuesday, as a surge in consumer confidence reinforced expectations the Federal Reserve will deliver an upbeat assessment of the economic recovery on Wednesday. The US dollar index, a weighted average of the greenback’s performance against a basket of currencies, increased 0.21 percent to 81.20. The index has

  • US consumer confidence steadied in February, as Americans remained generally optimistic amid a broad, weather-induced slowdown in the economy. A broad gauge of consumer sentiment, courtesy of Thomson Reuters and the University of Michigan, was unchanged at 81.2 in February. Economists in a Reuters poll forecast a narrow drop to 80.6. A weaker appraisal of

  • US retail sales declined unexpectedly in January, a sign severe weather weighed on consumer spending and economic growth after the holidays. Retail revenues declined 0.4 percent in January, official data from the Commerce Department showed today. Economists polled by Thomson Reuters and Bloomberg forecast no change to retail sales levels. Excluding automobiles, retail sales were

  • The UK manufacturing sector kicked off 2014 in fine fashion, as output growth and new orders continued to support job creation. Markit Group’s gauge of UK manufacturing activity eased slightly in January with an overall reading of 56.7. A median estimate of economists polled by Thomson Reuters called for 57. Although the PMI reading eased

  • US consumer confidence declined marginally in January, a sign broader economic growth may not be enough to keep consumer spending elevated at the start of 2014. The consumer sentiment index, courtesy of Thomson Reuters/University of Michigan, slipped from 82.5 to 81.2 in January. The January reading follows the biggest monthly gain in three years. A

  • UK house prices in January continued to rise at a rapid pace, as first-time homebuyers fueled demand for residential real estate. UK house prices rose 0.7 percent in January, data from the UK’s largest building society showed today. On an annualized basis, house prices rose 8.8 percent, the biggest annual rise since May 2010. A

  • US consumer confidence in January rose to the highest level in five months, a sign economic recovery is fueling optimism in the consumer segment. The Conference Board’s gauge of consumer confidence increased from 77.5 to 80.7 in January, topping estimates. The median forecast in a Reuters poll called for 78.1. January marked the second consecutive

  • Forex » US Durable Goods Orders Fall to 5-Month Low
    January 28, 2014, 16:20 GMT

    New orders for US durable goods unexpectedly fell last month, fueling speculation business investment may cool in 2014. Orders for manufactured goods meant to last three years or more plunged 4.3 percent in December, official data from the Commerce Department revealed today. Economists polled by Thomson Reuters and Bloomberg called for a gain of 1.8

  • The US service economy expanded at the fastest pace since September, as business activity in the world’s largest economy remained resilient amid colder than average temperatures. Markit Group’s gauge of US service activity rose from 55.7 to 56.6 in January. A median estimate of economists polled by Thomson Reuters called for 56.2. A reading above

  • Mortgage approvals in the UK rose at the fastest pace since the start of the financial crisis, raising concern that growing consumer confidence may be fueling a housing bubble. UK lenders approved of 46,500 mortgages last month, data from the British Bankers’ Association revealed today. The figure was below forecast, which called for 47,200, according

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