FxWirePro: Asian markets start a new week on negative note, gold stabilizes above $1,240 mark

Jul 16, 2018 05:37 am UTC| Commentary

All the major Asian indices were trading on a lower note on Monday. Gold was trading around $1,244 mark while silver was trading around $15.82 mark. Japanese banks will be closed in observance of Marine...

FxWirePro: The Day Ahead- 16th July 2018

Jul 16, 2018 05:23 am UTC| Commentary Central Banks

Not many economic data and events scheduled for today, and all with low to medium volatility risks associated. Data released so far: China: GDP grew by 1.8 percent in Q2, up 6.7 percent from a year ago. Fixed...

Australian bonds narrowly mixed in subdued trade; weak China’s economic growth could push investors towards safe-haven

Jul 16, 2018 03:31 am UTC| Commentary Economy

Australian government bonds traded narrowly mixed in subdued Monday session as markets receive no major economic data. However, weak Chinas second quarter economic growth could push investors towards safe-haven...

Chinese economic growth likely to remain intact, GDP to have grown 6.7 pct in Q2

Jul 13, 2018 21:45 pm UTC| Commentary

Chinas economic growth likely to have slowed marginally in the second quarter. In the first quarter, the real GDP had grown 6.8 percent year-on-year, matching the growth rate recorded in the earlier two quarters. But...

U.S. retail sales likely to have dropped in June

Jul 13, 2018 21:28 pm UTC| Commentary

U.S. retail sales data for June are set to be released next week. According to a Wells Fargo research report, retail sales are expected to have fallen in June. In May, retail sales had come in stronger than expected. Sales...

U.K. economy likely to see trend-like growth in 2018

Jul 13, 2018 20:59 pm UTC| Commentary

The U.K. economy is expected to see a trend-like growth in 2018 at around 1.5 percent on a year-on-year basis, noted Scotiabank in a research report. Against a backdrop of zero real household disposable income growth in...

South Korean economy likely to grow 2.75 pct year-on-year in 2018-2019 - Scotiabank

Jul 13, 2018 20:35 pm UTC| Commentary

South Koreas economy continues to perform well due to strong domestic demand consumer spending, public spending and fixed investment. While consumer sentiment continues to be reasonably strong, recent business sentiment...