EC’s autumn 2016 Eurobarometer shows higher support for euro as single currency

Jan 02, 2017 11:49 am UTC| Economy Commentary

The European Commissions Eurobarometer for autumn 2016 showed higher support for the euro as a single currency. Support was at 70 percent in the euro area, which equals the record highs reached in autumn 2004, spring 2007...

Fundamentals to watch out for this week

Jan 02, 2017 11:05 am UTC| Commentary Economy Central Banks

This week is relatively less risk heavy, compared to the previous one. However, there are some key data such as the jobs report to watch out for. What to watch for over the coming days: Central banks: Federal...

French business conditions improve at fastest pace since May 2011, lend positive signals to economy

Jan 02, 2017 09:31 am UTC| Commentary Economy

Business conditions in France improved at the fastest pace since May 2011, following sharp increases in output and new orders in December. The rate inflation of manufacturers costs was meanwhile the strongest for...

Renminbi Series

Renminbi Series: Bitcoin mania in China

Jan 02, 2017 09:20 am UTC| Commentary Economy

Bitcoin, the most popular cryptocurrency has opened with a bang in China reaching 7300 yuan per Bitcoin, the highest level since 2013, when it reached an all-time high of 7589 yuan per Bitcoin (BTC). Since January 2015,...

Spain manufacturing production rises at fastest pace since January, remains above 50-point neutral mark

Jan 02, 2017 08:55 am UTC| Commentary Economy

Manufacturing production in Spain rose at the fastest pace since January last year, remaining above the 50-point threshold mark that demarcates expansion from contraction. Inflationary pressures continued to build, with...

Renminbi Series

Renminbi Series: 11 New Currencies In The Basket

Jan 02, 2017 08:08 am UTC| Commentary Economy

In December 2015, to reduce the influence of the dollar in measuring the value of the yuan, Chinese monetary and foreign exchange authority introduced the Renminbi index or CFETS RMB index, which is the value of the yuan...

Indian manufacturing sector witnesses contraction in December following cash crisis

Jan 02, 2017 08:03 am UTC| Commentary Economy

The manufacturing sector of the Indian sub-continent dropped below the 50-point neutral mark for the first time in 2016 amid a cash crunch scenario and as output as well as new orders dipped during the month of December....