UK November Services PMI likely to gain modestly

Dec 03, 2015 07:26 am UTC| Commentary

UKs Markit services and for the month of November is expected by market consensus to be 55, seeing slight gains from that of previous months 54.9 print. The Markit composite PMI for the month of November is likely to...

Currency War Series

Danish central bank unlikely to track ECB’s rate cut

Dec 03, 2015 07:24 am UTC| Commentary Central Banks

In last month, the Danish central bank intervened in the FX market by purchasing total amount of DKK 230bn, and thereby reduced its currency reserve to DKK 484bn at present. The governing council of the ECB scheduled to...

Brazil’s Dilma faces impeachment

Dec 03, 2015 07:11 am UTC| Commentary Politics

Political crisis in Brazil, which has been brewing for quite some time now is moving on to final stages now. Brazilian president, who has been elected last year it on its way to face impeachment, a formal process, in which...

Euro Area's November composite and service PMIs to continue to show resilience in economy

Dec 03, 2015 06:57 am UTC| Commentary

Euro areas Markit composite PMI for the month of November is likely to record at 54.4, as per the market consensus expectations, while the final services PMI is expected to be 54.6. Spains Markit services PMI is likely...

Currency War Series

ECB likely to cut deposit rate at today’s meeting

Dec 03, 2015 06:56 am UTC| Commentary Central Banks

The ECB has given a hint of adjusting its asset purchase program along three tools, such as time commitment, pace, and composition. A change in time and pace may be expected, but it is a less effective toll to influence...

Spain's job market data suggests solid activity growth continues in Q4

Dec 03, 2015 06:23 am UTC| Commentary

There was an upside surprise in Spains Job market data in November. The registered unemployed declined significantly by 27.1K in the month, which is sharpest drop since the series creation. All the activity sectors and...

U.S. labor market tightness may cause higher wage rate

Dec 03, 2015 06:19 am UTC| Commentary

The final estimate of Q3 productivity and unit labor costs in the United States revised up productivity growth of the economy. Productivity, measured as per hour nonfarm business output, is now expected to have increased...