RBA prefers weak AUD; additional rate cut possible if currency continues to strengthen

Jul 12, 2016 12:52 pm UTC| Commentary Economy

The Australian central bank, Reserve Bank of Australia, had reacted immediately in May by lowering its key rate by 25 basis points to 1.75 percent, as expected widely. The cut in rates was also a response to the noticeable...

UK construction output likely to have dropped in May

Jul 12, 2016 12:44 pm UTC| Commentary Economy

Construction output in the UK is expected to have dropped in May. The construction PMI had hinted quite strongly that the nations construction sector has curbed output considerably and persistently from the turn of the...

Romanian economy to sail through Brexit tremors; at least in 2016

Jul 12, 2016 11:28 am UTC| Commentary Economy

In the Southeast Europe, Romania is one of the most dynamic markets, noted Commerzbank in a research report. The Romanian economy expanded 1.5 percent on a year-on-year basis in the first quarter of 2016 and 4.1 percent on...

Fitch: India Homebuilders With UK Assets Face Brexit Risks

Jul 12, 2016 11:18 am UTC| Economy

Indian homebuilders with significant investments in the London property market will face near-term challenges from Britains vote to leave the EU on June 23, saysFitchRatings. Demand for luxury residential properties and...

Czech Republic’s June consumer prices flat on year-on-year basis

Jul 12, 2016 11:11 am UTC| Commentary Economy

Czech consumer prices rose in June by 0.1 percent from May 2016. The rise was mainly because of increased prices of transport and recreation and culture. On a year-on-year basis, consumer prices stagnated in June,...

Australia's business sector reports solid improvement in June, makes RBA August meet a close call

Jul 12, 2016 10:41 am UTC| Insights & Views Economy Central Banks

NABs closely-watched business survey for June tested the sentiment of local firms amidst the uncertainty of the federal election as well as the political unease in Europe and consequent market turbulence. The NAB business...

Australia’s consumer confidence falls for third straight week on uncertain election outcome

Jul 12, 2016 10:21 am UTC| Commentary Economy

Australias consumer confidence declined for third straight week in a row as uncertainty hovers around the Australian Federal elections outcome. Moreover, the ongoing global disturbances coupled with ratings agency SP...