Australian bonds slump following weakness in the U.S. Treasuries; US Q3 GDP data in focus

Oct 27, 2017 02:46 am UTC| Commentary Economy

Australian government bonds slumped on the last trading day of this week following weakness in the U.S. Treasuries on speculation that the new Federal Reserve Chair will be hawkish. The yield on the benchmark 10-year...

Canada’s small business confidence stabilizes in October, CFIB sentiment index to 57.2

Oct 26, 2017 20:37 pm UTC| Commentary

Canadas small business confidence stabilized in October with the CFIB sentiment reading rising 0.3 points to 57.2. In spite of the gain recorded this month, the index level is still around 9 points below the May cyclical...

U.S. goods trade deficit widens in September

Oct 26, 2017 19:49 pm UTC| Commentary

The U.S. goods trade deficit widened modestly in in September to USD 64.1 billion from Augusts deficit of USD 62.9 billion. This was consistent with consensus estimate. Exports were up 0.6 percent sequentially, following a...

U.S. initial jobless claims rise, but remain in line with sound labor market activity

Oct 26, 2017 18:49 pm UTC| Commentary

Initial jobless claims in the U.S. increased in the week ended 21 October to 233k from a revised 223k a week earlier. In the recent weeks, initial jobless claims have dropped after the landfall of the three major...

Norway’s jobless rate drops further in Q3

Oct 26, 2017 18:36 pm UTC| Commentary

Norways LFS jobless rate dropped further towards a consensus estimate of unchanged. Employment recently showed signs of rebound; however, this was reversed with the figures released today. LFS unemployment came in at 4.1...

ECB announces reduction in policy stimulus in 2018

Oct 26, 2017 14:56 pm UTC| Commentary Central Banks

The European Central Bank stated during todays meeting that it will purchase net assets for EUR 30 billion per month as of January until September 2018 or beyond. This is consistent with median survey expectations. The...

Riksbank keeps monetary policy unchanged, revises down GDP growth and inflation outlook

Oct 26, 2017 13:57 pm UTC| Commentary Central Banks

The Riksbank kept its monetary policy on hold today as widely expected. This signifies that the repo rate continues to be at -0.50 percent and that the QE program ends at the turn of the year. But the central bank has kept...