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Bank of England warned lenders about an abrupt increase in long-term interest rates and asked banks to raise their capital levels. In its half-yearly Financial Stability Report published on Wednesday, the U.K. central bank recommended financial sector supervisors to provide an assessment about the vulnerability of borrowers to sharp upward movements in interest rates.
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South Korea saw a current account surplus of $8.64 billion in May, the Bank of Korea said on Thursday - remaining in the black for the 16th straight month and marking the highest monthly surplus ever.
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New Zealand posted a merchandise trade surplus of NZ$71 million in May, Statistics New Zealand said on Thursday, worth 1.7 percent of exports.
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The U.K. economy escaped recession in the first quarter as previously estimated, final data from the Office for National Statistics showed Thursday. Disposable income of households declined at the sharpest pace since 1987.
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Turkey's consumer confidence weakened in June after an improvement in the previous month, data released by the Turkish Statistical Institute showed Thursday.
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Suggesting a possible spark from rising mortgage rates, the National Association of Realtors released a report on Thursday showing that pending home sales surged up to their highest level in over six years in the month of May. NAR said its pending home sales index jumped 6.7 percent to 112.3 in May after dipping 0.5 percent to a downwardly revised 105.2 in April.
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Suggesting a possible spark from rising mortgage rates, the National Association of Realtors released a report on Thursday showing that pending home sales surged up to their highest level in over six years in the month of May.
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Japan is scheduled to release a raft of data on Friday, highlighting a busy day for Asia-Pacific economic activity.
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Confidence among British consumers rose to its highest level in just over two years in June with the households' perceptions of the general economic situations improving, a survey by GfK NOP revealed Friday. The consumer confidence index rose to -21 in June, the highest reading since May 2011, from -22 in the previous month.
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Industrial production in Japan climbed a seasonally adjusted 2.0 percent in May compared to the previous month, the Ministry of Economy, Trade and Industry said on Friday - expanding for the fourth straight month.
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