UK gilts plunge as investors shrug off Brexit as a possibility, Yellen hawkish comments

May 31, 2016 09:12 am UTC| Commentary

The UK gilts plunged on Tuesday as investors appear to have concluded that the UK will vote to stay in the European Union in June. Also, investors drove-out from safe haven after Federal Reserve Chief Janet Yellen...

Migrant Crisis Series

Unemployment drops record low in Germany despite influx of migrants

May 31, 2016 09:06 am UTC| Commentary

Germanys May unemployment hit record low, despite a huge influx of migrants in to the Eurozones largest economy, signaling that the strongest labor market still persist in the country. German jobless claims fell more...

Danish economy surpasses expectations in Q1; likely to continue upward trajectory

May 31, 2016 08:48 am UTC| Commentary

In the first quarter of 2016, Denmarks economy expanded 0.5% q/q, as compared with consensus forecast of a growth of 0.1%. Net exports, higher household consumption and construction activity positively contributed to the...

Sharp drop in German retail sales to slow consumer momentum

May 31, 2016 08:43 am UTC| Commentary Economy

Germany April retail sales fell for the second consecutive month in a row, taking markets by surprise despite upbeat labor market and buoyant consumer sentiment. This is a clear indication for a slowing consumer momentum...

Australia’s housing market gives mixed signals; new housing permits rose 3 pct in April

May 31, 2016 08:42 am UTC| Commentary

The Australian housing market continues to give mixed signals. New housing permits in the country grew 3% in April. The annual expansion is positive for the first time since October 2015. Housing permits in New South Wakes...

German bunds slide after unemployment rate falls, Euro CPI eyed

May 31, 2016 08:40 am UTC| Commentary

The German bunds slumped on Tuesday after data showed that May unemployment fell more than expected and the jobless rate in Europes biggest economy hit a record low. Also, investors awaited a Euro zone inflation report...

UK's PMI likely to have stayed weak in May, bringing Q2 growth down

May 31, 2016 08:24 am UTC| Commentary

The group of PMIs for the UK that will be released this week for the month of May are expected to remain weak. The UK manufacturing PMI had dropped to 49.2 in April, the first reading below the threshold of 50 since March...