Australia’s employment growth likely weakened in June but underlying trend to remain firm

Jul 13, 2016 11:27 am UTC| Commentary Economy

The underlying trend in Australias labor market is expected to remain firm, given the whole economic output growth is likely to remain strong. But the sample rotation indicates towards a weak labor market report in June as...

FxWirePro: Yen may retrace to 130 per euro

Jul 13, 2016 11:21 am UTC| Commentary

With the risk of Bank of Japan (BoJ) intervention hanging yen is likely to lose grounds against its major trading counterparts, including the euro. While the euro is facing a major risk of depreciation over the UK...

Eurozone industrial production plunges in May, potential recovery doubted

Jul 13, 2016 11:20 am UTC| Commentary Economy

Eurozones industrial production fell sharply in May, snapping almost all the gains earned during the previous month, raising doubts over the potential recovery of the currency bloc, especially post Britains exit from the...

Italian consumer price index rises on monthly basis but falls on year-on-year basis in June

Jul 13, 2016 11:09 am UTC| Commentary Economy

Italys consumer price index for June rose 0.1 percent on a month-on-month basis, but dropped 0.4 percent on year-on-year basis, confirming the flash reading, according the countrys official statistics office ISTAT. Core...

Key highlights from IEA oil market report

Jul 13, 2016 10:54 am UTC| Commentary

International Energy Agency (IEA), developed nations watchdog over oil market warned on the market balance and high level of stocks in its monthly report. It said that the supply and demand in the market are closer to...

Malaysian central bank cuts key policy rate; lowers inflation outlook for 2016

Jul 13, 2016 10:33 am UTC| Commentary Central Banks

The Malaysian central bank, Bank Negara Malaysia (BNM), surprisingly lowered its Overnight Policy Rate (OPR) on Wednesday, mainly to offset the anticipated weakness in external demand. The central bank lowered the OPR by...

Oil output climbs to record high in Middle East while production declines in US

Jul 13, 2016 10:23 am UTC| Commentary

Oil output in the Middle East climbed to a record-high while it slumpedin the United States, according to a report published by the International Energy Agency. This, is turn, creates concern for fall in international...