Chart of the Day Series

Chart of the Day: Surprising States

Jul 20, 2016 13:56 pm UTC| Commentary Economy

Citibanks U.S. economic surprise index hit the highest level since January2015. If the surprises keep coming, it may bring back the lost rate hike expectations from the U.S. Federal Reserve as well as the strength of the...

Domestic demand primarily supports South Korean economic activity

Jul 20, 2016 12:58 pm UTC| Commentary Economy

Chinas subdued economic activity continues to negatively impact South Koreas economic outlook as the latters export sector is quite dependent on demand from China. More than one-fourth of Koreas total exports are shipped...

Euro area’s and EU’s current account surplus narrows in May

Jul 20, 2016 11:29 am UTC| Commentary Economy

The European Union has recorded a current account surplus of EUR 10.5 billion in May 2016, as compared with Aprils surplus of EUR 12.9 billion and May 2015s surplus of EUR 9.4 billion, according to Eurostat. Seasonally...

US housing starts and building permits bettered estimates in June, revive hopes for Fed hike in 2016

Jul 20, 2016 10:55 am UTC| Insights & Views Economy Central Banks

US Commerce Department data showed on Tuesday that new-home construction in the U.S. rose more than forecast in June, a sign that demand for housing continues to firm heading into the second half of the year. Housing...

UK households’ financial perceptions deteriorate in July

Jul 20, 2016 10:22 am UTC| Commentary Economy

The seasonally adjusted UK Household Finance Index of Markit has hinted that the financial perceptions of UK households deteriorated in July. The index dropped to 44.3 in July from 44.8 in June, remaining below the 50...

Positive wage growth likely to supportive of sterling but unlikely to be major influencer

Jul 20, 2016 08:27 am UTC| Commentary Economy

Pound has declined a lot in the aftermath of the UK referendum and focus now is on the path of the negotiation, so todays report will only improve sentiment if wage growth comes positive but not likely to change any course...

IMF lowers global growth forecast as Brexit worries drag on; outlook remains uncertain

Jul 20, 2016 08:21 am UTC| Commentary Economy

The International Monetary Fund has lowered the global growth forecast, once again as worries over Brexit continue to bother markets amid a wave of uncertainty and already-fragile business and consumer confidence. The...