U.S. durable goods fall in February, implies subdued rate of equipment spending in Q1 2019

Apr 02, 2019 16:47 pm UTC| Commentary

The U.S. durable goods orders dropped in the month of February, implying only a tepid rate of equipment spending in the first quarter. The inventory picture emerging in recent reports though indicates towards a stockpiling...

Swiss inflation accelerates slightly above expectations in March

Apr 02, 2019 13:31 pm UTC| Commentary

The Swiss consumer price inflation accelerated slightly in March. According to the Swiss Federal Statistics Office, the consumer price index rose 0.5 percent sequentially, as compared with the consensus expectations of 0.4...

Oil in Global Economy Series: Reuters’ survey suggests OPEC production declined by 280,000 barrels in March

Apr 02, 2019 13:05 pm UTC| Commentary

Reuters has released its March OPEC oil market production survey and it suggests that OPEC production is set for a decline by 280,000 barrels per day compared to the revised February production data (Reuters). Below are...

FxWirePro: Retail sentiment favors bears in GBP/USD as Brexit deadline looms

Apr 02, 2019 12:07 pm UTC| Commentary

Pound continues to struggle amid Brexit uncertainties, With UK politicians going to and fro on Brexit, with both positive negative rumors and news steadily hitting the market, we would like to suggest to our readers...

U.K. construction output remains subdued in March, PMI index remains below 50

Apr 02, 2019 12:06 pm UTC| Commentary

The recent weak patch for U.K. construction output continued in March. The headline seasonally adjusted IHS Markit/U.K. construction total activity index rose to 49.7 from Februarys 49.5; however, it is still below the 50...

Australian weekly consumer sentiment rises strongly to above long-run average

Apr 02, 2019 11:04 am UTC| Commentary

Australian weekly consumer sentiment rises. The ANZ-Roy Morgan Australian consumer confidence rose 2.6 percent last week. The rise has led to the index closing near its one month high. The sub-indices came in higher, with...

Talks of U.S. recession bit overdone; fundamentals do not indicate a recession, says Wells Fargo

Apr 02, 2019 10:12 am UTC| Economy Commentary

Talk of an imminent U.S. recession is a bit overdone as underlying fundamentals of the U.S. economy do not indicate that recession is right around the corner, despite the yield curve inverted a bit recently, concluded...