American mortgage applications tacked on for the first time for five weeks because most home borrowing costs kept to their lowest value for 10 months…
EU economic sentiment sags in May after near ten-year peak in April
In May, euro zone economic sentiment edged down from an almost 10-year-peak in April versus expectations for an ascend because confidence mostly sank in services, as European Union data disclosed on Tuesday.
According to te European Commission's monthly poll, the overall index for the 19-country currency bloc went down to 109.2 from an upwardly revised April’s outcome of 109.7. Financial experts surveyed by Reuters had hoped for a soar to 110.0 points.
In May, a separate business confidence indicator, tracking the phase of the business cycle, edged down to 0.90 from an upwardly revised April’s outcome of 1.10, versus market hopes for a soar to 1.11.
The sag in market sentiment was mostly powered by decreasing optimism in the services sector, the largest in the euro zone that went down to 13.0 in May from April’s reading of 14.2.
Confidence in the retail sector went down to from 3.1 to 2.
The releases of employment change and the unemployment rate for Australia are expected on February 21, at 2:30 MT time.
The release of the Federal open market committee (FOMC) meeting minutes is scheduled on February 20, at 21.00 MT time.
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…