China's central bank raised short-term interest rates on Thursday in what economists said was a bid to stave off capital outflows and keep the yuan currency stable after the Federal Reserve raised U.S. rates overnight.
U.S. homebuilding jumped in February likely as unseasonably warm weather boosted the construction of single-family houses too near a 9-1/2-year high, suggesting the economy remained on solid ground despite an apparent slowdown in the first quarter.
An index of new orders in the U.S. Mid-Atlantic region advanced to its strongest level in almost three decades in March, suggesting an acceleration in local business activities, Philadelphia Federal Reserve data released on Thursday showed.
The U.S. Federal Reserve raised interest rates on Wednesday for the second time in three months, a move spurred by steady economic growth, strong job gains and confidence that inflation is rising to the central bank's target.
The Dutch tested their own tolerance for immigration and Islam on Wednesday in an election magnified by a furious row with Turkey, the first of three polls in the European Union this year where nationalist parties are seeking breakthroughs.
U.S. stocks were mostly higher on Wednesday, with investors counting down to the conclusion of the Federal Reserve's two-day meeting, where the central bank is widely expected to raise rates for the first time this year.