Economics News Results

  • German Jobless Claims Fell Unexpectedly in February

    German jobless claims fell unexpectedly in February, showing the resilience of the German labor market in the face of the spreading coronavirus epidemic. Jobless claims fell by 10,000 in February after falling by a revised 4,000 in January, the Federal Employment Agency said on Friday. The preliminary reading for January showed a fall of 2,000..

  • French consumer pulls back even before coronavirus outbreak

    * January consumer spending down unexpectedly 1.1% m/m. * INSEE confirms Q4 GDP contraction. French consumer spending fell unexpectedly sharply in January, official data showed on Friday, flagging a weak start to the year even before the coronavirus outbreak began taking its toll.

  • German jobless total unexpectedly falls by 10,000 in February

    German unemployment dropped unexpectedly in February, the Federal Labour Office said on Friday, suggesting that the strong job market will continue to propel growth in Europe's largest economy. Data from the Labour Office showed the number of people out of work fell by 10,000 to 2.262 million in seasonally adjusted terms. The unemployment rate was steady at 5.0%.

  • FOREX-Euro-dollar volatility jumps to one-year high amid big FX moves

    Market gauges of euro-dollar one-month implied volatility jumped on Friday to their highest in over a year at 6.6% as the intensifying coronavirus outbreak fuelled big currency moves and recession fears. The Japanese yen, appeared to have regained its safe-haven status after last week's brief wobble, rising to a 3-1/2-week high of 108.79 versus the dollar.

  • UK Consumer Confidence Continues to Rise on Hopes for a Stronger Economy

    British consumer confidence rose for a third straight month in February, continuing an upward trend as Britons anticipate a stronger economy now that an impasse in the Brexit process has been resolved. An index of consumer confidence gathered by market-research firm GfK rose two points to minus seven in January, beating a consensus forecast of economists who had predicted it would remain steady at minus nine. The index was pulled higher by continued improvements in how the...

  • FOREX-Yen soars as virus spread sparks stampede to safety

    * Yen rises 0.7% vs dollar, jumps 1.4% on Aussie. * Graphic: World FX rates in 2020 By Tom Westbrook. The Japanese yen returned as a beacon of safety on Friday, hitting a one-month high against the dollar, as mounting fears the world was on the cusp of a pandemic sent global financial markets into a tailspin.

  • FOREX-Yen soars as investors stampede to safety

    * Yen rises 0.5% vs dollar, jumps 1.2% on Aussie. * Euro/dollar volatility surges. * Graphic: World FX rates in 2020 By Tom Westbrook. The Japanese yen returned as a beacon of safety on Friday, hitting a one-month high against the dollar as deepening worries about coronavirus sent global financial markets into a tailspin.

  • Japan's January factory output beats forecasts but slowdown expected

    Japan's factory output rose more than expected in January, providing some relief for policymakers amid heightened risks of a recession as the coronavirus outbreak in China disrupts supply chains and business activity.

  • Japan Abe says ready to protect economy from coronavirus impact

    Japanese Prime Minister Shinzo Abe said on Friday the government will take policy steps if needed to ensure the coronavirus outbreak does not inflict damage to the economy. "I'm aware of views that if the virus spreads, it could have a huge impact on the economy," Abe told parliament.

  • FOREX-Dollar stumbles as coronavirus ramps up Fed cut bets

    * Euro soars as Fed cut expectations hit dollar. * Euro/dollar volatility surges. * Graphic: World FX rates in 2020 By Tom Westbrook. The dollar nursed losses on Friday after its worst day against the euro in nearly two years, as the global spread of the coronavirus fired up expectations for a U.S. rate cut and pushed the hunt for yield elsewhere.

Search News

Filter Results

Publication Date

News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.