Russian sentiment indicators show pessimism amongst economic players; ruble likely to remain weak

Jun 28, 2016 12:29 pm UTC| Commentary Economy

The economic scenario for Russia is now improving based on recent data. The economy had contracted 3.7 percent last year and appears to be stagnating for some months now. Even if economic sanctions from the EU and...

Russian sentiment indicators show pessimism amongst economic players; ruble likely to remain weak

Jun 28, 2016 12:29 pm UTC| Commentary Economy

The economic scenario for Russia is now improving based on recent data. The economy had contracted 3.7 percent last year and appears to be stagnating for some months now. Even if economic sanctions from the EU and U.S....

Indonesia approves tax amnesty bill to fund budget gap

Jun 28, 2016 12:25 pm UTC| Commentary Economy

The Indonesian government has approved a tax amnesty bill that is aimed at reducing the widening budget gap as it steps up infrastructure spending to spur economic growth. The government plans to draw billions of dollars...

Currency snapshot (commodity pairs)

Jun 28, 2016 12:19 pm UTC| Commentary

Dollar index trading at 96.03 (-0.4%) Strength meter (today so far) Aussie +0.47%, Kiwi +0.78%, Loonie +0.20% Strength meter (since last week) Aussie -0.77%, Kiwi -0.41%, Loonie -0.31% AUD/USD Trading at...

Consumer spending in US likely to have slowed in May

Jun 28, 2016 12:12 pm UTC| Commentary Economy

Spending in the USis expected to have gained in May following a sharp increase in April, but at a slower pace. It is likely to have grown 0.3 percent, as compared with the solid growth of 1 percent in the prior month, said...

Danish exports likely to recover slightly in future following weak growth

Jun 28, 2016 12:09 pm UTC| Commentary

In the past year, Danish exports have been weak and had dropped 3.7 percent in the first quarter on a year-on-year basis. Very weak global trade growth in 2015 was one of the reasons for weak exports in Denmark. The...

Currency snapshot (major pairs)

Jun 28, 2016 11:58 am UTC| Commentary

Dollar index trading at 95.91 (-0.45%) Strength meter (today so far) Euro +0.54%, Franc -0.10%, Yen -0.52%, GBP +0.83% Strength meter (since last week) Euro -0.12%, Franc -1.07%, Yen -0.56%, GBP -2.36% EUR/USD...