UK’s consumer credit hits 10-year high before economies adjust to the Brexit turbulence

Jun 29, 2016 12:13 pm UTC| Commentary Economy

Consumer borrowing grew at the fastest pace in 10 years in the United Kingdom before the world adjusts itself to the upcoming storm that Brexit has created, in a referendum election last week. Consumer lending expanded...

Norway records strong growth in retail sales and household goods consumption in May

Jun 29, 2016 12:11 pm UTC| Commentary Economy

Norways seasonally-adjusted volume index of retail sales grew 1.7 percent on sequential basis, following a growth of 0.1 percent in April, according to Statistics Norway. Expectations were for retail sales to grow by 0.5...

US personal consumption expenditure preview

Jun 29, 2016 11:42 am UTC| Commentary

Personal consumption, income data along with PCE price index would be released from U.S. at 12:30 GMT. Why it matters? Personal consumption and income data provide information on consumer sentiment. Consumers tend...

Eurozone bond yields hit record low on hopes of further stimulus by ECB

Jun 29, 2016 11:42 am UTC| Commentary

The Eurozone bondyields hit record low levels amid expectations for further monetary stimulus to offset the negative impact of last weeks Brexit vote on the euro zone economy. The benchmark German 10-year bonds yield,...

Briferendum Aftermath Series

Briferendum Aftermath Series: Key comments from first ever EU 27 meet

Jun 29, 2016 11:27 am UTC| Commentary

It is thefirst time ever that European Union leaders are meeting as 27 member group instead of 28 members as an implication of the British referendum, in which majority (51.9 percent) voted in favor of pulling Britain out...

Chile’s jobless rate likely to have increased in May

Jun 29, 2016 10:53 am UTC| Commentary Economy

The Chilean economy is expanding below its reduced trend rate of lower than three percent from more than four percent a few years ago. Jobless rate in the country is likely to have increased slightly in May. The labor...

Briferendum Aftermath Series

Briferendum Aftermath Series: Second referendum will depend on the EU

Jun 29, 2016 10:41 am UTC| Commentary

There are a lotof talks among British lawmakers and public that there could be a second referendum on Britains membership in the European Union. Since the first one is non-binding there shouldnt be any technical problem...