Fed’s Powell increasingly worried on secular stagnation

Aug 08, 2016 08:21 am UTC| Commentary Economy Central Banks

Former treasury secretary Larry Summers, who has been warning along with other economists that the U.S. economy may be stuck in astate called secular stagnation may have found a worrying fellow at the U.S. Federal Reserve....

Fundamentals to watch out for this week

Aug 08, 2016 07:25 am UTC| Commentary Economy

Compared to last week, this week is relatively quiet with few data that could rapidly increase volatility in the market. What to watch for over the coming days: Chinese economic data: As the month begins,...

China’s exports came in weal in July, likely to face headwinds in H2

Aug 08, 2016 06:32 am UTC| Commentary Economy

Chinas July trade data released this morning was not quite impressive. The countrys exports rose 2.9 percent in CNY terms in July. But it fell 4.4 percent in USD terms, as compared with Junes decline of 4.8 percent. This...

US records strong hiring in July, jobless rate unchanged at 4.9 pct

Aug 08, 2016 06:02 am UTC| Commentary Economy

The US jobs report released on Friday strengthens the view that the labor market in the country continues to be healthy and that the US Fed might hike rates before long, stated Nordea Bank in a research report. In July,...

US Election Series

How labor's decline opened door to billionaire Trump as 'savior' of American workers

Aug 08, 2016 04:54 am UTC| Insights & Views Politics Economy

Out of the economic maelstrom of the last decade, Donald Trump has emerged as the improbable, and self-proclaimed, champion of American workers. And thats despite the fact that Trump has failed to articulate substantive...

FxWirePro: The Day Ahead- 8th August, 2016

Aug 08, 2016 04:00 am UTC| Commentary Economy

Not many economic dockets and events scheduled for today and all with low to medium risks associated. Data released so far: Australia: ANZ job advertisements down -0.8 percent in July. China: Trade balance...

Norwegian manufacturing output falls 1.1 pct in second quarter

Aug 05, 2016 12:47 pm UTC| Commentary Economy

In the second quarter, Norways manufacturing output dropped 1.1 percent seasonally adjusted basis quarter-on-quarter, according to Statistics Norway. Industries that are closely linked to the petroleum industry in...