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Partly reflecting a jump in orders for commercial aircraft and parts, the Commerce Department released a report on Thursday showing that new orders for U.S. manufactured goods surged up by much more than expected in April. The Commerce Department said durable goods orders shot up by 3.4 percent.
EUR/USD M5: 47 pips price movement by Durable Goods Orders news event:
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Australia posted a seasonally adjusted merchandise trade deficit of A$1.579 million in April, the Australian Bureau of Statistics said on Thursday - marking a decrease of 20 percent on the deficit in March.
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Fitch Rating affirmed Japan's credit rating on Monday, but lowered the rating outlook, citing reduced confidence over the government's commitment to fiscal consolidation.
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The unemployment rate in Australia came in at a seasonally adjusted 5.7 percent in May, the Australian Bureau of Statistics said on Thursday.
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Japan had a merchandise trade deficit of 40.7 billion yen in May, the Ministry of Finance said on Monday.
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IHS Global Insight Economist Howard Archer said he believes that the vote to leave the EU is bad news for the UK economy, certainly in the near- and medium-term.
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The U.K. is ready to face the future with a strong economy that will adjust to the new situation, Chancellor of the Exchequer George Osborne said Monday.
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UK Chancellor of the Exchequer George Osborne abandoned his main target of achieving a budget surplus by 2020, as uncertainty linked to the implementation of the unexpected "Brexit" decision is likely to cause an economic slowdown.
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British politicians who campaigned fiercely to leave the European Union have stepped down when the time came to implement the "Brexit", European Commission President Jean-Claude Juncker said Tuesday, reiterating that there will not be any negotiations before the U.K. formally notifies of an exit.
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After receiving a standing ovation in his final Prime Ministers Questions session, David Cameron is set to hand over the U.K. premier role to Theresa May later on Wednesday. Hosting his final PMQ in the House of Commons, Cameron said in a light-hearted speech, "I will miss the roar of the crowd, I will miss the barbs of the opposition, but I will be willing you on."
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