Australian dwelling approvals drop sharply in May; construction likely to remain high for some time

Jul 04, 2016 05:16 am UTC| Commentary Economy

Approval for dwellings in Australia dropped sharply in May by 5.2 percent in seasonally adjusted terms, according to Australia Bureau of Statistics. Consensus expectations for residential building approvals declined 3.5...

US vehicle sales remain mixed, reduce market estimates for Q2 growth

Jul 04, 2016 05:14 am UTC| Commentary

Vehicle sales in the United States remained mixed for the month of June, trimming down market expectations for the countrys second quarter growth figures. Also, mixed data failed to remove worries over the countrys growing...

Asian markets in green, gold rises about 1 pct to $1,357 and silver rises 6.5 pct to $21.11

Jul 04, 2016 04:28 am UTC| Commentary

All the major Asian markets as well as commodities are trading on a higher note on Monday and important to note that silver rises by 6 pct to $21.11 marks. On the other side gold is trading higher around $1,345 and made...

UK manufacturing surprises to the upside, at five-month high in June

Jul 01, 2016 15:59 pm UTC| Commentary

Data released earlier on Friday showed UKs manufacturing sector activity in the UK economy surprised the markets to the upside in the month of June, accelerating further into the expansion territory and hitting a...

Japan big manufacturers' mood unchanged in Q2, shows firms' cautious stance

Jul 01, 2016 15:07 pm UTC| Commentary

Bank of Japans tankan business sentiment survey showed on Friday that confidence at big Japanese manufacturers remained unchanged in Q2. The sentiment among major manufacturers remained stuck at its lowest levels since Abe...

ECB likely to look through rising inflation, to continue further easing in Q4

Jul 01, 2016 14:23 pm UTC| Commentary

According to data released by the Eurostat on Thursday, prices in the euro-area rose in June, but were still well below the European Central Banks (ECB) target of close to but just below 2.0 percent. The flash estimate...

Australia's double-dissolution election outcome hard to predict

Jul 01, 2016 13:34 pm UTC| Commentary

Australians go to the polls Saturday to elect a new government while the final outcome is hard to predict. This is Australias double dissolution early general election and all seats of both houses of Parliament are up for...