Economy in Brief

Sales of existing single-family home sales slipped following the expiration of a Federal home-buyer tax credit. Existing home sales fell 2.2% to 5.660M last month following April's little revised 8.0% increase according to the [...]

The Central Bank of China announced an end to its peg of the yuan to the dollar last Saturday. The announcement comes one week before the G20 meeting in Toronto where pressure was expected to be put on China to revalue its currency. [...]

Japan's all Industries Index rose today by 1.8% a bit less than expected but the strongest rise in several months. This move jolts the all industries index up to the 42nd percentile of its range, a sharp improvement from the 29th [...]

The financial account portion of yesterday's balance of payments report shows sizable capital flows both in and out of the United States in Q1. U.S. assets abroad increased on net by $300.8 billion in the quarter, following a tiny [...]

Euro orders: no fries with that burger...New industrial orders readings from France round out the total for the big three in EMU. France has showed the most recent weakness with an orders drop of 3.4% in April. After a jackrabbit [...]

According to the Philadelphia Federal Reserve Bank, the economic recovery continued this month but its rate of expansion slowed. The Bank's June index of regional factory sector activity slipped to 8.0 from 21.4 during May. The latest [...]

According to the Philadelphia Federal Reserve Bank, the economic recovery continued this month but its rate of expansion slowed. The Bank's June index of regional factory sector activity slipped to 8.0 from 21.4 during May. The latest [...]

The U.S. current account deficit widened in Q1 to $109.0 billion from a revised $100.9 billion in Q4 2009. The year 2009 was revised from $419.9 billion to $378.4 billion. Relative to GDP, the Q1 number is 3.0%, the widest gap since [...]