Canadian economy likely to expand 2.7 pct in 2017, but decelerate markedly in 2018 - Scotiabank

Jul 06, 2017 23:07 pm UTC| Commentary

In the first quarter of this year, the Canadian economic growth accelerated unexpectedly at a rapid rate of 3.7 percent on a sequential basis. Economic activity continued to be led in a lopsided fashion by consumer demand...

Bank of Thailand likely to stay on hold for rest of 2017, USD/THB likely to rise to 36 by end-2017 - Commerzbank

Jul 06, 2017 23:03 pm UTC| Commentary

On Wednesday, the Bank of Thailand kept its rates on hold at near-record low of 1.5 percent, as was expected. The central bank had last lowered its rates by a combined 50 basis points in the first half of 2015. Given the...

Denmark’s property market prices rise steadily

Jul 06, 2017 23:02 pm UTC| Commentary Economy

Denmarks property market prices have been climbing steadily since 2012. In this period, prices of flats have risen by over 50 percent while prices of house are up by 25 percent. The latest data indicate that the trend is...

U.S. trade deficit narrows in May on positive exports growth and modes drop in imports

Jul 06, 2017 20:36 pm UTC| Commentary

U.S. trade deficit narrowed in May. The trade balance came in at a deficit of USD 46.5 billion, as compared with the consensus expectations of a deficit of USD 46.3 billion. The rebound in trade balance was mainly due to...

U.S. ISM non-manufacturing index rises above consensus in June

Jul 06, 2017 17:58 pm UTC| Commentary

The ISM non-manufacturing index rose in June. The index was up 0.5 points to 57.4. The headline print came in strongly above market consensus that called for a modest drop to 56.5. Gains were widespread with the majority...

Canada’s trade deficit widens in May on surge in imports

Jul 06, 2017 16:59 pm UTC| Commentary

Canadas trade deficit broadened in May. The trade balance came in a deficit of CAD 1.1 billion in May, widening from Aprils deficit of CAD 552 million. This was because imports rose 2.4 percent, outpacing the rise of 1.3...

U.S. initial jobless claims rise modestly, may move higher in weeks ahead

Jul 06, 2017 15:48 pm UTC| Commentary

Initial jobless claims in the U.S. rise modestly in the last week of June. In the week ended 1 July, initial jobless claims increased by 4k to 248k, slightly higher than the consensus expectations of 243k. However, the...