Britain's construction sector edging "closer to stabilisation" - PMI
Sep 02, 2016 12:09 pm UTC| Insights & Views Economy
UK construction industry recovered more than expected in August, PMI data released earlier on Friday showed. The latest Markit/CIPS UK Construction Purchasing Managers Index (PMI) rose to 49.2 in August from 45.9 in the...
New Zealand’s building work grows strongly in Q2, positive trend likely to continue
Sep 02, 2016 06:34 am UTC| Commentary Economy
The volume of building work in New Zealand grew robustly in the second quarter, with widespread strength seen throughout residential and non-residential elements. Given the huge construction sector pipeline, the positive...
FxWirePro: The Day Ahead- 2nd September, 2016
Sep 02, 2016 05:14 am UTC| Commentary Economy
Not many economic dockets and events are scheduled for today but some with high volatility risks associated. Data released so far: Japan: Consumer confidence marginally improved to 42. Upcoming: Spain:...
Sep 01, 2016 14:04 pm UTC| Commentary Economy
Macau gaming revenue expanded for the first time since May 2014. The Macau is so dependent on gaming andon Chinese tourists that a slowdown in worlds second largest economy led to a GDP contraction of 26 percent in the...
Saudi interbank rate points trouble ahead
Sep 01, 2016 12:12 pm UTC| Commentary Economy
Saudi Arabias may continue to produce more barrels of oil as if lower prices dont hurt them but a few of the data which are reliably available say otherwise. One of such is Saudi interbank rates, the rates at which banks...
Euozone’s July banking data underpins moderate growth expectations
Sep 01, 2016 11:20 am UTC| Commentary Economy
The market turbulence after the Brexit vote was feared to have an adverse effect on euro areas bank lending. But the July data does not underpin the strongest fears as credit growth remained positive and downward trend in...
Worrisome Signs Series: Weak Baltic index claims Hanjin as victim
Sep 01, 2016 10:57 am UTC| Commentary Economy
Relentless slide in Baltic indexes, which are extensively used by shipping industry as a rate to charge for shipping has finally claimed a major victim and that is Hanjin shipping, which is the largest container carrier in...
FxWirePro- Major Economic events for the day