Consumer confidence in the US picked up a tad in late February, but middle-income families were not overly confident regarding the prospects for a quick rebound in the economy, findings from a key survey revealed.
Americans splashed out at the start of 2020 as government stimulus checks began arriving in their mailboxes.
The head of the US central bank said policy would remain "accommodative" until labor market slack had been absorbed, potentially pointing to an extended period of low interest rates.
One of the world's top credit rating agencies downgraded Royal Dutch Shell's long-term debt on the back of the expected challenges from the transition to sustainable technologies.
A top Bank of England official will make the case for moving to negative interest rates if necessary.
Homebuilders in the US broke ground on fewer homes than expected in January.
Import prices jumped past forecasts at the start of 2021, led by rising energy prices.
Manufacturing activity in the US mid-Atlantic region continued to grow at a brisk pace in February, the results of a closely-watched survey revealed.
Weekly jobless claims data in the US covering the latest week came in well ahead of economists' forecasts.
Wholesale inflation rose more quickly than expected at the start of 2021 on the back of a jump in energy and services prices.
Retail sales volumes in the US shot higher last month with across the board strength in all categories.
The rise in government bond yields and narrowing credit spreads are a signal that the economy is on the mend, a good omen for stocks, Credit Suisse strategist Jonathan Golub said.
Manufacturing sector activity in the jurisdiction of the Federal Reserve Bank of New York improved more than expected in February, the results of a closely-followed survey revealed.
The euro area economy shrank by a tad less than feared at the end of 2020, revised data showed.
US consumer confidence weakened a tad towards the beginning of February with the lowest income households the least upbeat, the results of a very closely-followed survey revealed.
US jobless claims fell by less than anticipated during the latest reference week.
Inflation at the consumer level in the States undershot economists' forecasts last month amid the drag from falling vehicle prices.
US companies hired fewer people at the end of 2020, but in a slightly positive omen for the economy, the number of job openings increased.
Small business confidence in the US dipped at the start of the year with many company owners downbeat after Democrats won the presidential election and new Covid-19 cases surged, the results of a closely-followed survey revealed.
Banks expect UK firms to borrow over £60bn by the end of the year as the pandemic continues to wreck havoc on the economy, revealed a report from EY.