Euro zone industrial production declined in June, with output in France and Germany falling sharply, but a strong showing over the second quarter as a whole suggests Friday's GDP data for the bloc will be robust.
The euro fell on Thursday after weak Greek data reinforced concerns about weaker euro zone economies, while the yen pared losses versus the dollar as fears eased of immediate intervention by the Bank of Japan.
The single currency had risen in earlier trade on early signs that euro zone peripheral spreads were stabilizing after widening over the course of the week on concerns over Ireland's economy in particular
The euro bounced on Thursday, as heavy selling abated on early signs euro zone peripheral spreads were stabilizing, while speculation of intervention to weaken the yen drove down the Japanese currency.
The dollar steadied versus a basket of currencies after posting its biggest one-day gain in two years the previous day when concerns about the U.S. and global economies triggered a wave of unwinding in short dollar positions.
The U.S. tactic of pouring money into ailing financial firms during the 2007-09 crisis helped many foreign banks whose governments should have shared some of the burden, a report from a congressional watchdog agency said on Thursday.
Asian stocks slid to a near three-week low on Thursday on growing doubts about global economic growth that also helped the dollar cling to its gains after it scored its biggest rise in nearly two years.
The German government said on Wednesday it will scrutinize Google's promise to respect privacy requests by letting people opt out of its Street View mapping system and that it would be ready to intervene if necessary.
The trade deficit widened a surprising 18.8 percent in June on a surge of consumer goods from China and other suppliers, suggesting second-quarter economic growth was much weaker than previously thought.
Silver is unlikely to lose its charm in the coming days even as analysts predicted that the metals is expected to remain bullish this week, supported by technical indicators, a weak dollar and weaker China economic data.
The AUD has opened slightly weaker this morning currently trading at USD 0.9160 as many investors square up some positions before the Federal Reserve's meeting tonight.
Australian's problematic drinking rates are on par with New Zealand and the US, and well above other developed countries such as France, Spain and Germany.
New summer drinks in the United States and longer hours in Europe helped McDonald's Corp sales beat Wall Street forecasts for July and lifted its shares to their highest ever.
McDonald's Corp reported a better-than-expected 7 percent global increase in sales at established restaurants in July, fueled by new drinks like smoothies, extended hours in Europe and strength in Asia.
The Australian Dollar has opened this morning just under 0.9200 after breaching this level on Friday night after the market digested the release of US July non-farm payrolls that saw a decline of 131k in the month, which was more than the forecast loss of 65k.
The head of the world's largest reinsurer, Munich Re , warned low interest rates were hurting the industry and urged central banks to return to more orthodox rate policies as soon as possible.
The platform will enable users to view programs up to seven days after their original broadcast free of charge, the companies said on Friday.
The European Central Bank supports temporary bans on naked short selling of European credit default swaps and shares in extreme market conditions, but has warned against permanent action to stop shorting.
Germany's luxury carmaker BMW expects its China car sales to rise more than 30 percent this year, boosted by the country's robust economic growth
The European Central Bank kept euro zone interest rates at 1 percent as expected on Thursday, teeing up what should be an upbeat news conference with the bank's President following a strong run of economic data.
Third quarter euro zone economic data has been surprisingly strong so far but the European Central Bank still expects the bloc's economic recovery to be moderate and uneven, President Jean-Claude Trichet said on Thursday.
The European Central Bank looks set to keep interest rates on hold for the 15th month running on Thursday with the focus of attention its view on an economic recovery that remains in a delicate phase.
After a run of strong euro zone data and the success of bank stress tests in calming markets somewhat, ECB President Jean-Claude Trichet is expected to reaffirm that rates remain appropriate, bolstering expectations they will remain on hold well into next year.
World stocks eked out small gains with European shares staying flat on Thursday as investors eyed meetings of the European Central Bank and Bank of England later in the session and Friday's U.S. jobs data loomed large.
Slowly China is beating India in gold business and the Dragon land is making considerable progress in the yellow metal trade. As part of its strategy to expand the gold business, China has allowed more banks to import and export gold.
