U.S. existing home sales likely to drop in October, rising inventories to weigh on prices

Nov 22, 2016 05:43 am UTC| Commentary Economy

Existing home sales in the United States are expected to have dropped during the month of October, with further volatility expected in the upcoming near term however, risk of rising inventories will likely exert pressure...

Canada wholesale sales register surprise decline in September on weak demand for machine tools

Nov 22, 2016 05:07 am UTC| Commentary Economy

Wholesale sales in Canada posted a surprise decline during the month of September, following weakness in demand for machine tools and equipments that disappointed sellers at the start of the fourth quarter. Canadian...

FxWirePro: The Day Ahead- 22nd November, 2016

Nov 22, 2016 04:02 am UTC| Commentary Economy Central Banks

Not many economic dockets scheduled for today and all with low to medium risks associated. Upcoming: Switzerland: Trade balance data for October will be reported at 7:00 GMT. United Kingdom: Public sector...

Moody's: China corporate revenue is stabilizing, leverage to remain elevated

Nov 22, 2016 02:24 am UTC| Research & Analysis Economy

Moodys Investors Service says that continued robust GDP growth in China in 2017 and stabilizing commodity prices will drive modest revenue growth and improve profitability for the Chinese non-financial corporates that it...

Moody's: Korean non-financial corporates' stable credit quality supported by steady economic growth

Nov 22, 2016 02:11 am UTC| Research & Analysis Economy

Moodys Investors Service says that its outlook for rated Korean non-financial corporates is stable for 2017, supported by steady economic growth, low commodity prices and the companies competitive edges. We expect...

Trump's immigration policy would push legal US workers down the occupational ladder

Nov 22, 2016 00:23 am UTC| Insights & Views Economy

US President-elect Donald Trump has proposed deporting millions of undocumented immigrants, which proved appealing to large blocs of US voters in key states. Many voters appear to believe that deporting illegal immigrants...

Chart of the Day Series

Chart of the Day: Black Swans

Nov 21, 2016 18:19 pm UTC| Commentary Economy

This chart from SG cross asset research shows that the threats from the tail risks or beyond three sigma risks are now higher than ever. After Brexit referendum, the whole Europe suffers uncertainties surrounding the...