The German economy rebounded in the first quarter after narrowly avoiding recession late last year, led by a strong rise in household consumption and a booming construction sector, the Federal Statistical Office said Thursday. Germany's gross domestic product--the broadest measure of goods and services produced in an economy--expanded 0.4% in the three months through March from the previous quarter, which equals an annualized growth rate of 1.7%. The statistics body said that private consumption surged 1.2% from the fourth quarter, whereas government consumption declined 0.3% after a...

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U.S. economic growth accelerated by more than expected in the first quarter on a big boost from inventories and trade that offset a slowdown in consumer spending, bolstering the expansion ahead of a major milestone. Gross domestic product expanded at a 3.2 percent annualized rate in the January-March period, according to Commerce Department data Friday that topped all forecasts...

Orders for long-lasting durable goods posted the biggest increase in March since last summer, potentially signaling a rebound in the slower-growing industrial side of the economy. Durable-goods orders leaped 2.7% last month, led by stronger demand for autos, planes and networking equipment , the government said Thursday. Economists surveyed by MarketWatch had forecast a 0.5% increase If cars...

Australian Bureau of Statistics releases first-quarter inflation report in Sydney Wednesday. CPI unchanged Q/Q vs est. 0.2% gain. Weighted median CPI rose 0.1% Q/Q vs est. 0.4% gain. Trimmed mean CPI advances 1.6% Y/Y vs est. 1.7% gain. CPI climbs 1.3% Y/Y vs est. 1.5% gain. Weighted median CPI increases 1.2% Y/Y vs est. 1.6% gain AUD trades at 70.51 U.S. cents in Sydney from 70.92 cents...

According to the data published by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, housing starts in March declined by 0.3% and came below the market expectation for a growth of 6.5%. Nevertheless, the US Dollar Index didn't show a reaction with the trading volume remaining thin amid the Easter holiday. Privatelyowned housing units authorized by building...

U.S. retail sales jumped by the most since September 2017 as gains in motor vehicles and gasoline stations boosted sales, signaling consumers are giving the economy greater support. The value of overall sales in March rose 1.6 percent after an unrevised 0.2 percent decrease the prior month, according to Commerce Department figures released Thursday. That exceeded all forecasts in...

U.K. retail sales unexpectedly increased for a third consecutive month in March, underlying the resilience of consumers in the face of Brexit uncertainty. The volume of goods sold in stores and online jumped 1.1 percent from February, the Office for National Statistics said Thursday. Sales excluding auto fuel increased 1.2 percent. Both measures had been expected to...

The Aussie jobs data has arrived and it has helped the Aussie higher on inline Unemployment Rate and no major changes - Full Time Employment Change was also a big beat. Fulltime Employment (Mar)  48.3K vs  prior - 7.3k Employment Change s.a. (Mar) 15k  vs exp 12.0k and prior 4.6 k (10.7k rev) Part-Time Employment (Mar) - 22.6k  vs prior 11.95 Unemployment Rate s.a. (Mar)...

U.K. inflation unexpectedly stayed below target last month as higher fuel prices were offset by the cost of food and computer games. Annual consumer-price growth remained at 1.9 percent, its third month below the Bank of Englands 2 percent goal, the Office for National Statistics said Wednesday. Core inflation held at 1.8 percent. The figures leave prices rising much more slowly than wages,...

ASIA
Japan's Wage Gains Accelerate in November Despite Gloomy Outlook
Wednesday, 9 January 2019 07:18 WIB Japanese wages rose more than expected in November, offering hope of stronger consumer spending that could fuel inflation if gains are...
UNITED STATES
Asian markets closed for holiday
Monday, 31 December 2018 09:15 WIB Financial markets in Indonesia, Japan, the Philippines and South Korea are closed on Monday for a public holiday. AFP
EUROPE
U.K. Wages Grow at Fastest Pace Since 2008 in Tight Labor Market
Tuesday, 22 January 2019 17:09 WIB Britons are enjoying the strongest wage growth since the financial crisis a decade ago as the labor market tightens. Average earnings excluding...
GLOBAL ECONOMY
Trump Says China Will `Reduce and Remove' Car Import Tariffs
Monday, 3 December 2018 12:08 WIB U.S. President Donald Trump said China has agreed to œreduce and remove tariffs on American cars from 40 percent currently. He gave...

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