Australian economy likely to have expanded in Q4, RBA to hike rates in end-2018 or earl 2019

Mar 05, 2018 20:53 pm UTC| Commentary

In the third quarter of last year, the Australian economy grew 2.8 percent year-on-year, thanks to a rebound in investment spending and a moderate build in inventories. While the business sector grew in the third quarter,...

U.S. factory orders likely to have dropped in January

Mar 05, 2018 20:52 pm UTC| Commentary

At the end of last year, U.S. factory orders recorded a fifth consecutive monthly rise, growing 1.7 percent. The data for November was also revised up. Core capital goods shipments had risen almost 9 percent on the year...

Euro area retail sales fall slightly in January

Mar 05, 2018 19:54 pm UTC| Commentary

The economic indicators of euro area were of a secondary significance against the backdrop of the Italian election. However, the most notable were Januarys retail sales figures, which indicated a further small fall of just...

U.S. ISM nonmanufacturing index falls in February, but remains solid

Mar 05, 2018 18:46 pm UTC| Commentary

The U.S. ISM nonmanufacturing index dropped in the month of February. The index fell 0.4 points to 59.5, after rising by 3.9 points in the previous month. The headline print came in above expected, with market consensus...

Bank of Japan likely to stand pat in March

Mar 05, 2018 17:53 pm UTC| Commentary

The Japanese central bank is set to meet this week for its monetary policy decision. According to a DBS Bank research report, the Bank of Japan is likely to stand pat despite the recent data swings and market volatility....

Bank of Japan likely to stand pat in March

Mar 05, 2018 17:53 pm UTC| Commentary

The Japanese central bank is set to meet this week for its monetary policy decision. According to a DBS Bank research report, the Bank of Japan is likely to stand pat despite the recent data swings and market volatility....

U.S. service sector activity surges in February, IHS service PMI rises to 55.9

Mar 05, 2018 17:08 pm UTC| Commentary

Business activity throughout the U.S. service sector grew sharply in the month of February. The latest seasonally adjusted final IHS Markit Services Business Activity Index rose to 55.9 in February from 53.3 in January....