South Korean inflation rises in December, remains in line with market expectations

Dec 30, 2016 04:48 am UTC| Commentary Economy

Consumer inflation in South Korea rose during the month of December, remaining in line with what markets had initially anticipated. South Korean consumer prices were up 1.3 percent on year in December, data released by...

Australia private sector credit grows in November, in line with market expectations

Dec 30, 2016 04:16 am UTC| Commentary Economy

Private sector credit in Australia grew during the month of November broadly in line with what markets had earlier anticipated. However, other personal credit (which includes credit cards and car loans) remains the major...

U.S. goods trade deficit slightly widens in November, net trade to be a drag on Q4 growth

Dec 30, 2016 03:46 am UTC| Commentary Economy

The goods trade deficit in the United States slightly widened during the month of November, deeper than what markets had initially anticipated. Sluggishness in imports of capital and consumer goods remains a concern, given...

U.S. initial jobless claims witness modest decline, cement hopes of further Fed rate hike

Dec 30, 2016 03:26 am UTC| Commentary Economy

Initial jobless claims in the United States declined modestly during the latest week ended December 24, cementing hopes of a further interest rate hike by the Federal Reserve. Also, Fed Chair Janet Yellens hawkish tone at...

Turkey's foreign visitor arrivals post smallest fall in eight months in Nov

Dec 29, 2016 15:46 pm UTC| Commentary Economy

The number of foreign visitors arriving in Turkey dropped 21.35 percent to 1.35 million in November, the Tourism Ministry said on Thursday. November posted the smallest percentage fall in eight months as Turkeys tourism...

ECB's M3 money supply beats expectations, rises sharply in Nov

Dec 29, 2016 14:50 pm UTC| Commentary Economy

The European Central Bank released Eurozone money supply annual growth data for the month of November earlier on Thursday. Data showed that Eurozone money supply annual growth accelerated sharply in November, defying...

Kuroda strikes optimistic tone on Japan's recovery in 2017

Dec 29, 2016 14:32 pm UTC| Commentary Economy Central Banks

In a rare exclusive interview with the Nikkei overnight, Bank of Japan Governor Haruhiko Kuroda continued to strike a more optimistic tone stating that he sees steady Japan recovery next year. He said that brightening...