Swedish wages rise in H1 2017, wages likely to rise more in public sector

Aug 30, 2017 22:41 pm UTC| Commentary Economy

Swedish wages rose in the first half of 2017. Wages increased 2.6 percent year-on-year. Wage rises are high in municipalities, but wage drift is still absent within the business sector. Labor shortages are close to...

EUR/CZK likely to decline gradually to around 24.5 in one year’s time, says Commerzbank

Aug 30, 2017 22:14 pm UTC| Commentary Central Banks

Sine Tuesday afternoon, the EUR/CZK pair has declined sharply after the Czech National Bank board members spoke about the requirement to hike rates again. The vice governor in particular and board member Marek Mora cited...

Italian services turnover index rises year-on-year in Q2

Aug 30, 2017 21:57 pm UTC| Commentary

The services turnover of Italy rose in the second quarter. The turnover index was up 2.7 percent year-on-year, noted the official statistics institute, Istat. In particular, the index for accommodation and food service...

Indian consumer price inflation likely accelerated in August, says DBS Bank

Aug 30, 2017 21:20 pm UTC| Commentary

Indian consumer price inflation is likely to have accelerated in August. According to a DBS Bank research report, the August inflation is expected to have quickened to 2.8 percent to 3 percent year-on-year, from previous...

ZAR likely to weaken by year-end, USD/ZAR to trade at levels around 14 by end-2017 - Commerzbank

Aug 30, 2017 19:32 pm UTC| Commentary Economy

There were concerns that higher risk currencies such as the South African rand would come under pressure due to the Jackson Hole meeting, however, it did not materialise. The USD/ZAR pair continues to gain from the...

Euro area consumer sentiment index beat expectations in August, economy likely to grow 0.6 pct in Q3

Aug 30, 2017 18:58 pm UTC| Commentary

In the past week, the results of many surveys have come above expectations. Todays Commission business and consumer survey has also beaten projections. This survey usually provides the most reliable guide to economic...

German consumer price inflation accelerates above expectations in August

Aug 30, 2017 17:38 pm UTC| Commentary

Germany recorded consumer price inflation slightly higher at 1.8 percent in August. But this rise is just because of slightly higher energy prices and a higher inflation rate for food. The core rate of inflation has...