Norwegian July core inflation in line with Norges Bank forecast, interest rate hike likely in late 2019

Aug 10, 2017 22:20 pm UTC| Commentary Economy

Norwegian core inflation has come in line with the projection of Norges Bank. However, inflation is still much below target so the central bank is expected to stay on hold for a long period, noted Nordea Bank in a research...

Metal Supply & Demand Series

China challenges US findings on its Aluminium foil subsidies

Aug 10, 2017 12:14 pm UTC| Commentary Economy

A prove by US department of commerce has published its initial findings that Chinese Aluminium foil producers receive subsidies in the range of 16.56 to 80.97 per cent. According to the report, the U.S. customs and broader...

U.S. Treasuries flat ahead of 30-year auction, initial jobless claims

Aug 10, 2017 12:01 pm UTC| Commentary Economy

The U.S. Treasuries traded flat ahead of the super-long 30-year bond auction and as investors wait to watch the countrys initial jobless claims, scheduled for release later today, besides, the FOMC member Dudleys speech,...

Singapore economy likely to expand 2.8 pct y/y in Q2, says DBS Bank

Aug 10, 2017 10:12 am UTC| Commentary Economy

Upward revision for Singapores Q2 2017 GDP growth may be on the cards. The headline number due this Friday is likely to report an expansion of 2.8 percent y/y, up from 2.5 percent based on the earlier advance estimate. In...

Eurozone periphery bonds flat in muted trading; eyes on benchmark German CPI

Aug 10, 2017 09:42 am UTC| Commentary Economy

The Eurozone periphery bonds remained flat Thursday after investors side-lined from any major trading activity and as they await the release of benchmark Germanys consumer price-led inflation index (CPI), scheduled to be...

RBNZ keeps rate on hold with a neutral bias, wants lower NZD

Aug 10, 2017 08:51 am UTC| Commentary Central Banks Economy

The Reserve Bank of New Zealand (RBNZ), at its monetary policy meeting, held late Tuesday decided to keep the Official Cash Rate (OCR) at a record-low of 1.15 percent while sticking to its neutral underlying tone and made...

India industrial production likely to register 0.5 pct y/y drop in June, says DBS Bank

Aug 10, 2017 08:26 am UTC| Commentary Economy

Wrapping up this otherwise light data week is the June industrial production (IP) numbers, due tomorrow. Factory output likely lost momentum for the fourth consecutive month into June. The heavyweight manufacturing output...