Australian inflation remains weak in Q2; RBA likely to cut rate in August
Jul 27, 2016 05:09 am UTC| Commentary Economy
Australias inflation in the second quarter of 2016 came in weak. The consumer price index rose 0.4 percent on a sequential basis in the June quarter, following a fall of 0.2 percent in the first quarter, according to the...
US new home sales grow strongly in June; housing likely to remain firm in medium term
Jul 27, 2016 05:08 am UTC| Commentary Economy
US new home sales grew strongly in the month of June. New home sales rose 3.5 percent month-on-month to 592,000 in June, as compared with consensus expectations of 560,000. Earlier months data was upwardly revised by...
Business activity in US service sector expands at weakest pace in five months
Jul 27, 2016 05:08 am UTC| Commentary Economy
The Markit Flash US Services PMI for the month of July has signalled that the US service sector continued to be muted. The July data has suggested that activity in the services sector has grown at the weakest rate in the...
FxWirePro: The Day Ahead- 27th July 2016
Jul 27, 2016 04:32 am UTC| Commentary Economy
Lot of economic dockets scheduled for today but all with low to medium risks associated. Data released so far: Australia: Consumer price index rose 1 percent y/y in second quarter. RBA trimmed mean CPI rose 1.7...
Indian reforms remain incremental, not glamorous after 2 years, says Commerzbank
Jul 26, 2016 12:45 pm UTC| Commentary Economy
Reforms in the Indian society have remained incremental in nature, rather than being glamorous after a period of two years, surpassed by the Modi government in power. Modi has not been the radical liberalizer the markets...
UK mortgage approvals fell ahead of Brexit vote, likely to have fallen in the recent weeks
Jul 26, 2016 12:05 pm UTC| Insights & Views Economy
The British Bankers Association (BBA) data released earlier today showed that British banks approved the fewest mortgages for house purchase since March 2015 in June. The number of mortgages approved by British banks last...
Sweden’s producer prices rise in June; imported inflation likely to remain low in future
Jul 26, 2016 10:08 am UTC| Commentary Economy
Swedens producer prices, on a sequential basis rose 1.5 percent in June. The gains in producer prices were driven by a weaker SEK and increased energy prices. Moreover, prices rose 2.2 percent on the export marked and 1.7...
Canadians are feeling increasingly powerless amid economic struggles and rising inequality
Another election, another round of Nigel Farage hype, with no lessons learned