German service sector remains muted in June on weakness in business, output

Jun 23, 2016 09:14 am UTC| Economy Commentary

Services in Germany remained muted in the month of June on prevailing weakness in business and output, as humming factories in the private sector failed to take up pace, but the index remained stable suggesting Europes...

Brazilian current account balance likely to have improved further in May

Jun 23, 2016 09:00 am UTC| Commentary Economy

Brazils current account balance is likely to have improved further in May, turning into surplu. The country is expected to have recorded a surplus of USD 1904 million in May as compared with the deficit of USD 3384 million...

France’s private sector output falls in June

Jun 23, 2016 08:57 am UTC| Commentary Economy

The French private sector output is expected to have declined for the first time in four month in June, based on the recent flash PMI data for France. The Markit Flash France Composite Output Index fell 49.4 in June from...

Emerging Market Crisis Series

South Korea finance minister and BoK governor caution against rising economic uncertainties

Jun 23, 2016 07:04 am UTC| Commentary Economy Central Banks

The finance minister of South Korea, Yoo Il-ho, mentioned on Wednesday that the economic scenario of the country is likely to deteriorate in the second half of 2016 given the volatile financial markets of China, UKs EU...

U.S. durable goods orders seem to have declined in May

Jun 23, 2016 06:55 am UTC| Commentary Economy

U.S. durable goods orders are likely to have declined in May on a reversal in aircraft bookings, said Societe Generale in a research report. In the previous month, durable goods order climbed 3.4 percent in due to a sharp...

Japan June flash manufacturing PMI drops for 4th straight month

Jun 23, 2016 06:34 am UTC| Economy Commentary

Japans flash manufacturing purchasing managers index (PMI) for the month of June, declined almost at the same pace as in the previous month, on lingering concerns over supply chain disruptions due to a massive earthquake...

U.S. housing market activity likely to remain strong

Jun 23, 2016 05:58 am UTC| Commentary Economy

May sales for existing home in the U.S. grew 1.8 percent to 5.53 million. This was the highest pace seen in nearly a decade, according to the National Association of Realtors. However, the print came in slightly lower than...