Swiss National Bank likely to continue to expansionary monetary policy for some time

Dec 04, 2019 18:24 pm UTC| Commentary

The Swiss National Banks governing board always highlights how significant negative interest rates and an expansionary monetary policy are, noted Commerzbank in a research report. Looking at inflation developments in...

Danish headline inflation likely to rise in years ahead on higher price of cigarettes

Dec 04, 2019 17:35 pm UTC| Commentary

Danish inflation is likely to rise on higher price of cigarettes. Denmarks minority government reached a budget agreement on Monday with a parliamentary majority. The price of a pack of cigarettes will rise approximately...

Bank of Canada keeps policy rate on hold

Dec 04, 2019 16:37 pm UTC| Commentary Central Banks

The Bank of Canada kept its policy rate on hold at 1.75 percent today, as expected. The policy statement of BoC noted that its global outlook stays intact, but further expounded on the rebound in financial market...

U.S. service sector’s business activity sees rapid growth in November, PMI index rises to 51.6

Dec 04, 2019 15:46 pm UTC| Commentary

Service sector companies in the U.S. hinted at a more rapid growth in business activity in November. The IHS Markit US Services Business Activity Index rose to 51.6 from Octobers 50.6, indicating a further upturn in output...

Norwegian house prices rise sequentially in November

Dec 04, 2019 13:21 pm UTC| Commentary

Norwegian house prices rose sequentially in November. The trend continues to be moderate; however, positive price growth with both demand and supply at high levels. House price growth was consistent with Norges Banks...

Blockchain Revolution Series: Canadian VC Portag3 Secures $320 Mln. (in Fund II) on FinTech Start-up

Dec 04, 2019 13:18 pm UTC| Research & Analysis Digital Currency Insights & Views Commentary

Portag3 Ventures, which is a Canadian venture capital (VC) firm, hasannouncedthat the second round of funding is closed with around $320 million to invest in fintech start-ups across the globe. The VC company has managed...

Australian economy grows below expectations in Q3, outlook remains uncertain

Dec 04, 2019 11:50 am UTC| Commentary

The Australian economy expanded moderately in the third quarter, coming in below market expectations. On a quarter-on-quarter basis, the Australian economy grew just 0.4 percent, as compared with market expectations of a...