Chart of the Day Series

Chart of the Day: Bubble in New Zealand

Sep 06, 2016 16:12 pm UTC| Commentary Economy

This nice chart from Sharon Zollner of ANZ Research, so simply but emphatically depicts the crisis reeling in the housing market in New Zealand and what has been a major worry of the Reserve Bank of New Zeland...

Swiss consumer prices witness decline in August, in line with market consensus

Sep 06, 2016 11:56 am UTC| Commentary Economy

Consumer prices in Switzerland witnessed decline during the month of August, largely in line with what markets had earlier anticipated. Swiss consumer prices slid 0.1 percent year-on-year in August, slightly slower than...

FxWirePro: Kiwi might attempt breakout over dairy auction

Sep 06, 2016 11:07 am UTC| Commentary Economy

This year, the price of the dairy, which is the major export commodity of New Zealand, has been recovering. In the last two auctions, theprice has moved higher by 6.6 percent and 12.7 percent. While this has been...

South Africa's economic growth rises in Q2, escapes second recession

Sep 06, 2016 11:06 am UTC| Commentary Economy

Economic growth in South Africa rose during the second quarter of this year, escaping a second recession in seven years as a rebound in mining and factory output help spur the ailing economy. The countrys gross domestic...

Eurozone economy grows in Q2 driven by strong exports, household demand

Sep 06, 2016 09:48 am UTC| Commentary Economy

The eurozone economy grew during the second quarter of this year, driven by astrong rise in exports and buoyant household demand. However, the pace of growth slowed from the previous quarter on weak inventories and...

German factory orders fall short of expectations on existing domestic weakness

Sep 06, 2016 09:21 am UTC| Commentary Economy

Factory orders in Germany rose during the month of July, but fell short of market expectations, following dampness in demand for investment goods in the domestic market. German factory orders, adjusted for seasonal...

RBA leaves cash rate on hold; Nov policy meet in focus after examining Q3 inflation

Sep 06, 2016 07:13 am UTC| Commentary Economy Central Banks

The Reserve Bank of Australia left its official cash rate (OCR) at a record low of 1.50 percent in its monetary policy meeting held Tuesday, after having reduced it by 25 basis points in both May and August. However, the...