Continued global growth momentum required to maintain China’s export growth, says Nordea Bank

May 08, 2017 22:44 pm UTC| Commentary Economy

Data released in April has given a mixed picture of the Chinese economy. Even if FX reserves came in upbeat, disappointing trade growth might be the start of a trend, noted Nordea Bank in a research report. This provides...

Finland records strong goods exports growth in Q1, economy likely to expand strongly going forward

May 08, 2017 22:31 pm UTC| Commentary

In March, Finland recorded strong growth in goods exports. For the first quarter Finnish goods exports came in strong. Demand has bolstered in the euro area and outside the EU. The value of Finnish goods exports were up 17...

Norwegian inflation likely to have come in below central bank’s projection in April

May 08, 2017 22:18 pm UTC| Commentary

Norways inflation is likely to have come on the downside to Norges Bank. According to a Nordea Bank research report, core inflation is expected to have accelerated to 1.8 percent year-on-year from Marchs 1.7 percent....

Central Banking Series

Philippine central bank likely to hike rates in Q3 and Q4

May 08, 2017 22:07 pm UTC| Commentary Central Banks

The current Deputy Governor of the Banko Sentral ng Pilipinas (BSP), Nestor Espenilla Jr., was appointed as the central banks next governor today. The market is expected to see the appointment of a central bank insider to...

Canada’s housing starts fall in April, likely to settle closer to 200,000 in 2017 – TD Economics

May 08, 2017 16:37 pm UTC| Commentary

Canadas housing starts dropped in April. They fell almost 40,000 to 214,000 annualized units in April, almost on par with expectations for a 215,000 print from a slightly downwardly revised March number. The strong reading...

U.S. technology sector output growth improves in April, financial sector decelerates

May 08, 2017 16:21 pm UTC| Commentary

The U.S. technology sector output growth improved in April after a deceleration in the prior month, showed the latest U.S. Sector PMI data. Activity grew at a stronger rate that was widely consistent with the trend seen in...

U.S. Treasuries gain ahead of FOMC members’ speech, 10-year auction

May 08, 2017 12:21 pm UTC| Commentary Economy

The U.S. Treasuries gained Monday as investors look forward to a host of speeches from the Federal Open Market Committee (FOMC) members, scheduled for later today and through the week. Also, 10-year note auction, due to be...