National Bank of Poland likely to keep interest rate on hold in January

Jan 07, 2020 18:58 pm UTC| Commentary

The National Bank of Poland is set to meet tomorrow for its interest rate. According to an Erste Group Research report, the Monetary Policy Committee is expected to keep the key interest rate on hold. The solid rise in...

U.S. ISM non-manufacturing index rises above expectations in December

Jan 07, 2020 18:09 pm UTC| Commentary

The U.S. ISM non-manufacturing index rose 1.1 points to 55 in December, coming in above consensus expectations of a rise to 54.5. The details of the report came in mixed. Most of the boost to the headline came from the...

Canadian trade deficit narrows slightly in November on fall in imports

Jan 07, 2020 17:19 pm UTC| Commentary

Canadas trade deficit narrowed in November. The deficit came in at a CAD 1.1 billion, narrowed from a revised CAD 1.6 billion in October and slightly narrower than the CAD 1.2 billion consensus expectation. The narrowing...

U.S. trade deficit narrows further in November

Jan 07, 2020 15:36 pm UTC| Commentary

The U.S. trade deficit narrowed for the third straight month in November. The deficit eased to USD 43.1 billion in November from a slightly revised deficit of USD 46.9 billion seen in the prior month. The rebound was...

Euro area headline inflation accelerates in December on energy prices

Jan 07, 2020 13:24 pm UTC| Commentary

Euro area inflation accelerated markedly in December, as expected. On a year-on-year basis, the preliminary data showed that the consumer price inflation accelerated to 1.3 percent from 1 percent, owing mainly to energy...

Italian consumer price inflation accelerates slightly year-on-year in December

Jan 07, 2020 12:49 pm UTC| Commentary

The Italian consumer price index rose 0.2 percent sequentially in December and was up 0.5 percent year-on-year, according to preliminary estimates. In the whole of 2019, the average annual rate of change of consumer prices...

Euro area’s construction activity grows at rapid pace in December, PMI index rises to 51.3

Jan 07, 2020 12:05 pm UTC| Commentary

Euro areas construction activity rose in December at the most rapid pace for eight months, according to the latest PMI data. The IHS Markit Euro area construction PMI index rose to 51.3 from Novembers 50.6. Todays data...