Canadian consumer price inflation likely to have eased in December

Jan 25, 2018 21:32 pm UTC| Commentary

The Canadian consumer price inflation data for the month of December is set to be released tomorrow. According to a TD Economics research report, the headline inflation is expected to have eased to 1.9 percent year-on-year...

U.S. new home sales fall in December

Jan 25, 2018 21:19 pm UTC| Commentary

New home sales in the U.S. dropped in the month of December. Sales declined 9.3 percent to 625k, as compared with consensus expectations of a drop of 7.9 percent. Also, the previous months data were downwardly revised,...

U.K. economy likely to have expanded 0.4 pct in Q4 2017

Jan 25, 2018 20:53 pm UTC| Commentary

In the recent quarters, the U.K. economic growth has slowed partially due to slower growth in consumer spending. The sharp depreciation of sterling in the immediate aftermath of the Brexit referendum led to inflation...

German Ifo business climate index rises in January, economy likely to have expanded strongly in Q4

Jan 25, 2018 20:23 pm UTC| Commentary

The German Ifo business climate for industry and trade rose unexpectedly in January. The index rose from 117.2 to 117.6, coming in above consensus expectations of 117. This is the highest since mid-1969. During that time,...

Canadian small business confidence index rises in January

Jan 25, 2018 19:55 pm UTC| Commentary

Canadas small businesses enter 2018 on a strong footing. The CFIB Business Barometer extended the positive momentum seen in the December quarter of 2017. The sentiment index rose 3 points to 62.7 in January, improving by...

ECB keeps policy unchanged, asset purchase program likely to be tapered after September

Jan 25, 2018 18:59 pm UTC| Commentary Central Banks

The European Central Bank kept its policy on hold today, as expected. Also, it did not make any changes to its forward guidance. During the press conference, ECB President Draghi carried on with dovish tone, noting in...

Norges Bank keeps policy unchanged, central bank likely to revised up growth estimate for 2018

Jan 25, 2018 17:49 pm UTC| Commentary Central Banks

The Norwegian central bank, Norges Bank, kept its policy unchanged, as expected. The central bank did not give out any new signals. With no new rate path and only a statement released, the focus was on whether the boards...