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Australia Unemployment Data Due On Thursday
Australia will on Thursday release May numbers for unemployment, highlighting a light day for Asia-Pacific economic activity. The jobless rate is expected to hold steady at 4.1 percent, with the addition of 19,900 jobs following the increase of 89,000 in April.
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Canadian Dollar Drops As Oil Prices Decline
The Canadian dollar weakened against its major counterparts in the New York session on Wednesday, as oil prices fell after rising in the previous session.
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Swiss Shares Extend Losing Streak
The Swiss stock market was down again on Wednesday, spending the entire session under water and tracking most of the major European bourses to the downside.
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European Shares Close Mixed On Wednesday
European stocks were mixed on Wednesday, with Middle East tensions, regional inflation data and central bank decisions in focus.
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Fed Leaves Interest Rates Unchanged, Still Signals Two 2025 Rate Cuts
Despite pressure from U.S. President Donald Trump, the Federal Reserve on Wednesday announced its widely expected decision to leave interest rates unchanged.
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U.S. Crude Oil Inventories Plunge Much More Than Expected
A report released by the Energy Information Administration on Wednesday showed a steep drop by U.S. crude oil inventories in the week ended June 13th.
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U.S. Housing Starts Pull Back Sharply In May
The Commerce Department released a report on Wednesday showing a steep drop by new residential construction in the U.S. in the month of May. The report said housing starts plunged by 9.8 percent to an annual rate of 1.256 million in May after jumping by 2.7 percent to a revised rate of 1.392 million in April.
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more news
U.S. Jobless Claims Pull Back Off Eight-Month High
First-time claims for U.S. unemployment benefits edged modestly lower in the week ended June 14th, according to a report released by the Labor Department on Wednesday. The report said initial jobless claims dipped to 245,000, a decrease of 5,000 from the previous week's revised level of 250,000.
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UK Inflation Slows Slightly In May
UK consumer price inflation softened in May as the slowdown in transportation costs was largely offset by the rise in food prices and reinforced expectations that the Bank of England will maintain the interest rate steady this week. The consumer price index registered an annual increase of 3.4 percent, slightly slower than the 3.5 percent rise seen in April, the Office for National Statistics said
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Bank Indonesia Holds Interest Rate Steady At 5.5% As Expected; Hints At Reduction
Indonesia's central bank left its benchmark interest rate unchanged on Wednesday after a quarter-point reduction in May and hinted at further reduction to support economic growth. The Bank Indonesia Board, led by Governor Perry Warjiyo, maintained the BI rate at 5.50 percent. The bank had reduced the rates twice this year, in May and January.
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U.S. Housing Starts Plunge Much More Than Expected In May
The Commerce Department released a report on Wednesday showing a steep drop by new residential construction in the U.S. in the month of May.
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CPI Softening Boosts FTSE 100
Better-than-expected CPI readings from the U.K. bolstered sentiment, helping FTSE 100 outperform its peers.
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U.S. Weekly Jobless Claims Edge Down In Line With Estimates
First-time claims for U.S. unemployment benefits edged modestly lower in the week ended June 14th, according to a report released by the Labor Department on Wednesday.
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