US Treasuries plunge on rising global risk appetite
Jul 12, 2016 12:52 pm UTC| Commentary
The US Treasuries saw selling across the curve during a relatively quiet US session light on data. From a data standpoint, little new information was seen aside from the Feds Labor Market Conditions Index that showed...
US small business confidence continues to rise in June, slightly above
Jul 12, 2016 12:46 pm UTC| Commentary
The United States small business confidence continued to improve in June for the third straight month as sales trends improved, though growing difficulties in finding qualified workers and trepidation over the economy and...
UK construction output likely to have dropped in May
Jul 12, 2016 12:44 pm UTC| Commentary Economy
Construction output in the UK is expected to have dropped in May. The construction PMI had hinted quite strongly that the nations construction sector has curbed output considerably and persistently from the turn of the...
Chile’s central bank unlikely to tighten monetary policy
Jul 12, 2016 12:05 pm UTC| Commentary Central Banks
The Chilean central bank, BCCh, has undertaken a wait and watch stance in 2016 following its hawkish moves of the fourth quarter of 2015. During its June meeting, the BCCh had mentioned subdued aggregate demand in the...
Romanian economy to sail through Brexit tremors; at least in 2016
Jul 12, 2016 11:28 am UTC| Commentary Economy
In the Southeast Europe, Romania is one of the most dynamic markets, noted Commerzbank in a research report. The Romanian economy expanded 1.5 percent on a year-on-year basis in the first quarter of 2016 and 4.1 percent on...
Weakness in GBP likely to weigh on outlook of CEE economies
Jul 12, 2016 11:20 am UTC| Commentary
The Central and Eastern European (CEE) region is likely to face threats, following the weakness in pound and continued slide in the currency. Within CEE, Poland, Hungary and Romania as well as the Baltic countries are...
Czech Republic’s June consumer prices flat on year-on-year basis
Jul 12, 2016 11:11 am UTC| Commentary Economy
Czech consumer prices rose in June by 0.1 percent from May 2016. The rise was mainly because of increased prices of transport and recreation and culture. On a year-on-year basis, consumer prices stagnated in June,...