Australia Q2 GDP rises 0.8 pct q/q, annual growth unchanged at 1.8 pct

Sep 06, 2017 04:42 am UTC| Commentary Economy

Australias gross domestic product (GDP) for the second quarter of this year rose a solid 0.8 percent q/q in Q2, leaving annual growth unchanged at 1.8 percent. Growth was supported by a strong gain in public spending,...

FxWirePro: The Day Ahead- 6th September 2017

Sep 06, 2017 04:08 am UTC| Commentary Economy

Not many economic data and events scheduled for today but some with high volatility risks associated. Data released so far: Japan: Labor cash earnings down 0.3 percent y/y in July. Australia: GDP grew by 0.8...

Australian 10-year bond yields at 3-1/2 week low after Q2 GDP misses market expectations

Sep 06, 2017 03:21 am UTC| Commentary Economy

The Australian 10-year bond yields slumped to 3-1/2 week low Wednesday after the countrys second-quarter gross domestic product (GDP) missed market expectations, albeit rising from the previous reading in Q1. The yield...

U.S. trade deficit likely to have widened in July

Sep 05, 2017 23:04 pm UTC| Commentary

U.S. trade deficit is expected to have widened in July. In the prior month, strong export growth had driven the trade deficit lower. The drop in the trade deficit in June was due to USD 2.4 billion rise in exports of goods...

RBA stands pat in September, likely to keep on hold for some time

Sep 05, 2017 22:54 pm UTC| Commentary

The Reserve Bank of Australia kept its key interest rate on hold on Tuesday, as was widely anticipated. Given the continued appreciation of the Australian dollar, there is much to imply that this would continue to be the...

U.K. consumer spending likely to have firmed slightly in recent months

Sep 05, 2017 21:35 pm UTC| Commentary Economy

U.K. consumer spending surveys are far from conclusive. The BRC Retail Sales Monitor that was released on Tuesday showed that August was a bit better month for retailers, with sales on the High Street rising by 1.3 percent...

Euro area retail sales drop in July, likely to return to positive territory

Sep 05, 2017 20:45 pm UTC| Commentary

Euro areas retail sales figure for the month of July appeared disappointing. On a month-on-month basis, the currency blocs retail sales dropped 0.3 percent, as compared with the prior months 0.6 percent rise and consensus...