Australian bonds remain mixed in muted session post better-than-expected trade surplus

Jul 06, 2017 04:29 am UTC| Commentary Economy

The Australian bonds traded mixed Thursday as investors remained muted in a silent trading session after witnessing a solid demand at a government auction early Wednesday, where a single buyer snapped up the entire AUD800...

Most Asian markets in red, gold stabilizes above $1,220 mark

Jul 06, 2017 04:15 am UTC| Commentary

All the major Asian indices were trading on a lower note on Thursday. Gold was trading around $1,226 mark while silver was trading around $16.04 mark. The main event for the day is US ADP job data and ISM non manufacturing...

South Korean economic growth likely to average above 2.6 pct in 2017, BoK to keep rates on hold

Jul 05, 2017 22:59 pm UTC| Commentary

The Bank of Korea is expected to maintain the benchmark rate at 1.25 percent for the remainder of this year, given the negligible inflation risk and high household debt, noted OCBC Bank in a research report. Furthermore,...

U.S. Fed likely to announce start of QT in September, to hike rates in December – Danske Bank

Jul 05, 2017 22:57 pm UTC| Commentary Central Banks

The FOMC minutes from the June meeting did not see anything new, as expected, as Yellen was pretty evident during the press conference following the policy announcement. The timing of the balance sheet run-off was the most...

National Bank of Poland keeps rates on hold, likely to keep rates unchanged until end-2018

Jul 05, 2017 22:55 pm UTC| Commentary Central Banks

The National Bank of Polands monetary policy committee kept its key interest rate on hold on Wednesday as expected. The MPC upwardly revised its central projection for this years real GDP to 4.1 percent from 3.7 percent...

Norwegian housing prices fall further in June

Jul 05, 2017 22:54 pm UTC| Commentary Economy

Norwegian housing prices dropped again in June. Norways housing prices dropped 0.7 percent sequentially on a seasonally adjusted basis in June after falling 0.6 percent in May. The regional figures continue to show huge...

Swedish service production rises in May sequentially

Jul 05, 2017 22:53 pm UTC| Commentary

Swedens service production grew in the month of May. On a sequential basis, service production was up 0.7 percent, whereas it rose 4.5 percent on a year-on-year basis. Production rose in May in most of the subsectors on...