US records weak import prices in June on decline in nonpetroleum categories

Jul 14, 2016 05:24 am UTC| Commentary Economy

US registered weak import prices in June. The prices rose a modest 0.2 percent month-on-month, significantly softer than the consensus projection of 0.5 percent. Import prices had grown solidly in the months of May and...

FxWirePro: The Day Ahead- 14th July 2016

Jul 14, 2016 05:07 am UTC| Commentary Economy

Not many economic dockets scheduled for today but some with very high risks of volatility associated. The focus is on interest rate decision from Bank of England (BoE). Data released so far : Australia: Consumer...

Brazil’s retail sales fall surprisingly in May; private consumption likely to contract again in Q2

Jul 13, 2016 11:57 am UTC| Commentary Economy

Brazils retail sales dropped surprisingly in May by 1 percent on month-on-month terms. It was worse than consensus expectations of a drop of 0.4 percent month-on-month. The revised print of April was a rise of 0.3 percent....

China's June trade figures not encouraging, suggest moderation in Q2 GDP growth

Jul 13, 2016 11:32 am UTC| Insights & Views Economy

According to the data released earlier today, Chinese trade balance for the month of June fell to 311 billion, down from Mays surplus of 325 billion. The data was lower than theconsensus estimate of 320 billion. Chinas...

Australia’s employment growth likely weakened in June but underlying trend to remain firm

Jul 13, 2016 11:27 am UTC| Commentary Economy

The underlying trend in Australias labor market is expected to remain firm, given the whole economic output growth is likely to remain strong. But the sample rotation indicates towards a weak labor market report in June as...

Eurozone industrial production plunges in May, potential recovery doubted

Jul 13, 2016 11:20 am UTC| Commentary Economy

Eurozones industrial production fell sharply in May, snapping almost all the gains earned during the previous month, raising doubts over the potential recovery of the currency bloc, especially post Britains exit from the...

Italian consumer price index rises on monthly basis but falls on year-on-year basis in June

Jul 13, 2016 11:09 am UTC| Commentary Economy

Italys consumer price index for June rose 0.1 percent on a month-on-month basis, but dropped 0.4 percent on year-on-year basis, confirming the flash reading, according the countrys official statistics office ISTAT. Core...