Bank of Canada likely to stand pat in December – Wells Fargo

Dec 05, 2017 19:58 pm UTC| Commentary

The Bank of Canada is set to meet tomorrow for its bank rate decision. According to a Wells Fargo research report, the Canadian central bank is expected to stand pat in December. In September, the Canadian central bank had...

U.S. ISM non-manufacturing index drops in November, healthy services sector activity likely in months ahead

Dec 05, 2017 19:13 pm UTC| Commentary

U.S. ISM non-manufacturing index dropped in November. The index fell to 57.4 after recording a multi-year high of 60.1 in October. The decline was driven by a fall in new orders, which dropped 4.1 points and employment...

Norges Bank’s survey shows strong growth in mainland, growth likely to be higher in 2018

Dec 05, 2017 18:50 pm UTC| Commentary Economy

The Regional Network, Norges Banks business survey, shows strong growth in the Norwegian mainland economy. The Regional Network shows growth at 0.6 percent sequential in the last three months, consistent with Norges Banks...

U.S. trade deficit widens above expectations in October

Dec 05, 2017 17:03 pm UTC| Commentary

Trade deficit in the U.S. widened in October, coming a bit more subdued than expected. The deficit widened to USD 48.7 billion in the month, as compared with consensus expectations of USD 47.5 billion. Moreover, the trade...

Swedish business sector production rises in October, likely to rise in months ahead

Dec 05, 2017 15:37 pm UTC| Commentary

Production in Swedish business sector was up in October; however, the data for earlier months were downwardly revised. Production in the total business sector, representing nearly 80 percent of GDP, was up 0.6 percent...

Commodities snapshot (precious & industrial)

Dec 05, 2017 15:23 pm UTC| Commentary

The metal pack is mixed today. Performance this week at a glance in chart table - Gold: Gold is heading lower amid lack of risk aversion. Todays range $1277-1264 Gold is currently trading at $1265/troy ounce....

Canadian trade deficit narrows considerably in October

Dec 05, 2017 15:22 pm UTC| Commentary

Canadian trade deficit narrowed in the month of October to CAD 1.5 billion from Septembers CAD 3.4 billion. Exports were up 2.7 percent, whereas imports dropped 1.6 percent. Exports in real terms rose 1.2 percent, while...