Annual rate of growth in UK house prices rises to a 3-month high in June

Jun 29, 2016 14:30 pm UTC| Commentary

Data released by mortgage lender Nationwide showed on Wednesday that UK house prices recorded a modest growth in June. UK Nationwide house price index rose 0.2 percent m/m in June above forecasts for 0.0 percent. On an...

Political turmoil in the UK to prolong exit negotiations with Europe

Jun 29, 2016 14:03 pm UTC| Commentary

European leaders appear to want to move forward with Brexit plans as quickly as possible, but political turmoil within Britain suggests a quick turnaround is unlikely. UK Labour leader Jeremy Corbyn lost a no-confidence...

Commodities snapshot (precious & industrial)

Jun 29, 2016 13:53 pm UTC| Commentary

Metal pack is mixed today. Performance this week at a glance in chart table - Gold Gold is up today despite risk affinity on weaker dollar. Todays range $1323-1310 Gold is currently trading at...

API reports deficit, while WTI awaits EIA report: call updated

Jun 29, 2016 13:33 pm UTC| Commentary

WTI is gaining back ground from its post-referendum slump as market participants bet that fallouts from UK referendum wont be large. Key factors at play in Crude market A looming strike in oil sector of Norway is...

New Zealand unemployment rate tumbles after Statistics New Zealand changes official calculations

Jun 29, 2016 13:32 pm UTC| Commentary

It is the first major change to the calculations since the household labour force survey was introduced in 1985, Statistics New Zealand on Wednesday released a report outlining revisions to labour market research, designed...

Currency snapshot (commodity pairs)

Jun 29, 2016 13:15 pm UTC| Commentary

Dollar index trading at 96.03 (-0.4%) Strength meter (today so far) Aussie +0.38%, Kiwi +0.59%, Loonie +0.12% Strength meter (since last week) Aussie -0.21%, Kiwi +0.23%, Loonie -0.04% AUD/USD Trading at...

German consumer inflation picks up in June, remains weak on month

Jun 29, 2016 13:02 pm UTC| Commentary

Germanys consumer price index-led inflation picked up pace in June, suggesting a gradual pick up in Eurozones largest economy. However, prices remained weak on a monthly basis, despite efforts by the European Central Bank...