With a surge in utilities output offset by decreases in mining and manufacturing output, the Federal Reserve released a report on Thursday showing U.S. industrial production came in flat in the month of April. The Fed said industrial production came in unchanged in April after inching up by a downwardly revised 0.1 percent in March ..read more

The Treasury Department announced the details of this month's auction of twenty-year bonds on Thursday. The Treasury revealed plans to sell $16 billion worth of twenty-year bonds, with the results of the auction due to be announced next Wednesday. Last month, the Treasury sold $13 billion worth ..read more

Suggesting softer economic conditions lay ahead, the Conference Board released a report on Friday showing a continued decrease by its reading on leading U.S. economic indicators in the month of April. The Conference Board said its leading economic index fell by 0.6 percent in April after dipping by 0.3 percent in March. Economists had expected the index to decrease by another 0.3 percent ..read more

China central bank retained its benchmark lending rates as expected on Monday after the government rolled out measures to support the property market. The People's Bank of China left the one-year loan prime rate unchanged at 3.45 percent. Likewise, the five-year LPR, the benchmark for mortgage rates, was maintained at 3.95 percent ..read more

Bank of England's Deputy Governor Ben Broadbent said the interest rate could be cut some time over the summer. The outgoing deputy governor said if things continue to evolve as expected, then the policy will have to become less restrictive at some time ..read more

The Commerce Department released a report on Wednesday showing a pullback by U.S. wholesale inventories in the month of March. The report said wholesale inventories fell by 0.4 percent in March after rising by 0.2 percent in February. The decrease by wholesale inventories matched economist estimates ..read more

The Treasury Department continued this week's series of announcements of the results of its long-term securities auctions on Wednesday, revealing this month's auction of $42 billion worth of ten-year notes attracted average demand. The ten-year note auction drew a high yield of 4.483 percent and a ..read more

China's exports and imports rebounded more than expected in April after a weak trade data in the previous month that boost hopes that net trade would support economic growth, official data revealed Thursday. Largely due to the lower base of comparison, exports advanced 1.5 percent on a yearly basis in April, the customs office reported. This was faster than the 1.0 percent expected growth and rev ..read more

Malaysia's central bank left its benchmark rate unchanged as widely expected on Thursday. The Monetary Policy Committee of Bank Negara Malaysia headed by Datuk Abdul Rasheed Ghaffour decided to retain the Overnight Policy Rate at 3.00 percent. The bank had changed the rate last in May 2023, when ..read more

British consumer sentiment improved in April on slowing inflation as well as expectations about further tax cuts, a monthly survey conducted by the market research group GfK revealed Friday. The consumer confidence index rose to -19 in April from -21 in March. The score was also better than economists' forecast of -20 ..read more