US housing starts fall slightly in May; homebuilding activity outlook remains favorable

Jun 20, 2016 05:58 am UTC| Commentary Economy

Housing starts in the USdropped slightly by 3,000 units in May to 1,164k as compared with the consensus projections of a deeper decline to 1,150k. Meanwhile, Aprils figures were revised downward, subtracting 5,000 from the...

Canada’s May headline inflation slows on food prices

Jun 20, 2016 05:48 am UTC| Commentary Economy

Canadas inflation in the month of Mayslowed a bit to 1.5 percent year-on-year as compared with Aprils 1.7 percent year-on-year. Meanwhile, the core inflation, excluding the eight most volatile items, slowed slightly to 2.1...

Japan registers 1st trade deficit in 4 months

Jun 20, 2016 05:45 am UTC| Commentary

Japan registered its first trade deficit in four months, weighed by sluggish exports and weakness in overseas economies that led to the decline. Also, the worries over the outcome of Brexit referendumhave furtheraffected...

Australian bonds slide on firm risk appetite

Jun 20, 2016 05:25 am UTC| Commentary

The Australian government bonds slumped Monday with market sentiments remaining stronger as Brexit campaigning was suspended after the killing of a UK politician Jo Cox. Also, rallying crude oil prices and firm equities...

Asian markets start a new week on the positive note, gold falls by 1 pct to $1,279

Jun 20, 2016 03:55 am UTC| Commentary

Most Asian indices are trading on the positive note on the first working day of the week. Japanese Yen gains in early hours on the back of higher than expected trade balance data. On the other side, gold falls by 1 pct to...

Chart of the Day Series

Chart of the Day: Bad time to bank

Jun 17, 2016 15:43 pm UTC| Commentary

Negative rates eating into the banks return, banks overexposure to weaker commodities segment, regulatory curbs, billions of dollars of fines and now add the possibility of turmoil in the financial capital of the world...

Commodities snapshot (precious & industrial)

Jun 17, 2016 12:41 pm UTC| Commentary

Metal pack is up today. Performance this week at a glance in chart table - Gold Gold is higher today, trying to recover from the sharp drop last night. Todays range $1290-1276 Gold is currently trading...