Chart of the Day: Surprising Britain
Aug 23, 2016 15:19 pm UTC| Commentary Economy
The UK economy has so far defied the popular expectations of a doom gloom scenario, especially after the referendum. This chart from Citi, shared by Soberlook.com shows to what extent the economy has defied the doomsayers....
Briferendum Aftermath Series: UK’s economic surprise index defies Brexit
Aug 23, 2016 12:02 pm UTC| Commentary Economy
The UK economy has been beating expectations so far. While economists have been expecting amajor downturn, the economy has been standing out pretty well, except for the initial downbeat economic sentiment reading. The...
Japan’s manufacturing output expands first time since February: Flash Nikkei PMI
Aug 23, 2016 08:39 am UTC| Commentary Economy
The manufacturing sector of Japan continued to shrink in August; however, at a slower pace, showed the latest Nikkei survey index. The Flash Japan Manufacturing PMI came in at 49.6 in August. This is a slight rise from...
Secular stagnation and next recession likely to weigh in Jackson Hole
Aug 23, 2016 07:51 am UTC| Commentary Economy Central Banks
Federal Reserve policymakers, finance ministers, and central bankers around the world will meet in the mountain resort of Jackson Hole to attend the economic policy symposium organized by Kansas City Federal Reserve. The...
Finnish employment points to recovery in Eurozone
Aug 23, 2016 07:15 am UTC| Commentary Economy
Finlands unemployment rate declined to lowest level in almost two years; this is yet another sign that the recovery in the Eurozone is continuing. During mid-last year unemployment rate hit 11.8 percent but declined since....
Australia’s consumer sentiment climbs strongly in August
Aug 23, 2016 05:03 am UTC| Commentary Economy
Consumer confidence in Australia climbed considerably in the last two weeks and is at the highest level in nearly three years. The ANZ-Roy Morgan consumer confidence index rose strongly by 3.6 percent in the week ending 21...
FxWirePro: The Day Ahead- 23rd August, 2016
Aug 23, 2016 02:52 am UTC| Commentary Economy
Lots of economic dockets and events are scheduled for today and all with low volatility risks associated. Data released so far: China: MNI business sentiment declined in August to 54.3 from 55.5 prior. Japan:...
FxWirePro- Major Economic events for the day