Retail sales likely to be the main driver of Hungary's economic growth in 2016

Jun 03, 2016 14:43 pm UTC| Commentary

Hungarys calendar adjusted retail sales figure was up by 6.4% Y/Y in April, up from 4.3% Y/Y in March, boosted by non-food products consumption, which increased by 10.3% Y/Y. Consumers in Hungary had been postponing buying...

Goldman Sachs cuts Yuan outlook to 'outright negative'

Jun 03, 2016 13:56 pm UTC| Commentary

Analysts at Goldman Sachs downgraded their outlook on the yuan, shifting from a more cautious stance to an outright negative view. The downgrade has raised the risk of capital flight in the same manner it did in August...

OECD warns of deep downturn in global growth, calls for urgent government action

Jun 03, 2016 13:36 pm UTC| Commentary

The OECD yesterday released its semi-annual Economic Outlook report and it made for grim reading. According to the OECD, the world is stuck in a low growth trap with global trade growing by between 2-3% and global GDP set...

Canadian bonds rise following gains in US counterparts

Jun 03, 2016 13:20 pm UTC| Commentary

The Canadian government bonds strengthened on Friday, following U.S trend after reading weaker than expected May employment report, which dampened prospects for a rate increase by the Federal Reserve in the near...

US Treasuries rally on disappointing Non-farm Payroll data

Jun 03, 2016 12:56 pm UTC| Commentary

The US Treasuries saw a two-week gain on Friday after reading weaker than expected May employment report, which dampened prospects for a rate increase by the Federal Reserve in the near term. Also, dovish comments from...

Polish economy likely to grow 3.2 pct in 2016; NBP unlikely to cut rates until Q4 2016

Jun 03, 2016 12:53 pm UTC| Commentary

In the past quarter, economic indicators of Poland weakened; however they continue to be stable. Polands PMI dropped from around 54 in the first quarter to about 52. Also, uncertainty about demand from foreign trading...

EUR/HUF to move higher on low inflation, likely slowdown of Hungarian economy in 2016

Jun 03, 2016 12:36 pm UTC| Commentary

Last year, Hungarys economy expanded strongly by 3%; however, the pace of growth is likely to slow down in 2016. This is because there is threat to the German economy from developments in China, inflow of EU fund will be...