EM Asian currencies likely to prop up as U.S. and China remain on track to reach a partial trade deal, says Scotiabank

Oct 18, 2019 07:41 am UTC| Commentary Economy

The emerging market Asian currencies, including the yuan are expected to prop up for the rest of the year as the United States and China remain on track to reach a partial trade deal, according to the latest research...

Australian bonds flat in muted session after market sentiments improve following breakthrough Brexit deal

Oct 18, 2019 05:59 am UTC| Commentary Economy

The Australian government bonds remained flat during Asian session of the last trading day of the week Friday amid otherwise muted hours that witnessed data of little economic significance. However, market sentiments...

Philadelphia Fed manufacturing confidence continues to fall in October

Oct 17, 2019 18:54 pm UTC| Commentary

The U.S. Philadelphia Fed business outlook surveys general activity index dropped further in October. The index fell 6.4 points to 5.6, as compared with consensus expectations of the index to come in at 7.6. Readings in...

Canadian manufacturing sales rise above expectations in August

Oct 17, 2019 18:16 pm UTC| Commentary

Canadian manufacturing sales rose in August. On a sequential basis, manufacturing sales rose 0.8 percent, after falling 1.3 percent in July. Consensus expectations were for a rise of 0.7 percent. Excluding price impacts,...

U.S. housing starts drop in September on fall in multifamily segment

Oct 17, 2019 17:04 pm UTC| Commentary

U.S. housing starts eased in the month of September. Starts dropped 9.4 percent to 1.26 million units, after surging 15.1 percent in August. Market expectations were for a milder fall of 3.2 percent. Starts were revised...

Euro area construction output falls sequentially in August

Oct 17, 2019 15:27 pm UTC| Commentary

Euro areas construction output dropped in the month of August. On a seasonally adjusted basis, production in the construction sector dropped 0.5 percent, showed the estimates from Eurostat. In the prior month, construction...

Italian foreign trade surplus narrows in August, import price index falls

Oct 17, 2019 14:41 pm UTC| Commentary

Italian exports came in stable in August, whereas imports rose in the month. On a seasonally adjusted basis, imports rose 1.8 percent. For non-EU nations, exports rose 0.6 percent, whereas for EU nations exports dropped...