Turkey’s inflation accelerates markedly in July

Aug 04, 2016 09:03 am UTC| Commentary Economy

Turkeys consumer price index accelerated noticeably in July, particularly at the headline level, atpar with the central banks warnings. Turkeys CPI rose 1.2 percent month-on-month in July, higher than consensus projection...

Swiss consumer sentiment continues to remain subdued in July

Aug 04, 2016 07:34 am UTC| Commentary Economy

Swiss consumer sentiment continued to remain weak in July. The index has weakened below the long-term average of -9 points since the survey was undertaken in July 2015. The index remained unchanged at -15 points in July,...

Eurozone services divergence rises with UK

Aug 04, 2016 07:19 am UTC| Commentary Economy

Latest data from the Markit economics show that after the UK referendum on the membership of the European Union, services across the Eurozone gained ground while services activity slowed down markedly in the United...

Australian retail sales figure fails to meet expectations in June

Aug 04, 2016 06:50 am UTC| Commentary Economy

Australian retail sales grew just 0.1 percent on sequential basis in June, disappointing again, in spite of a recovery in clothing sales. It came in below consensus expectation of 0.4 percent. On year-on-year basis...

US service sector activity continues to grow at slower pace in July

Aug 04, 2016 06:13 am UTC| Commentary Economy

US service sector continued to remain muted according to Julys data. Services activity rose at the slowest rate in the current five-month sequence of growth. New business also expanded at a slower rate. The seasonally...

UK services activity in July contracts at fastest rate since March 2009

Aug 04, 2016 04:33 am UTC| Commentary Economy

UK final services PMI for the month of July remained unchanged from the flash reading of 47.4. This was consistent with consistent projections of 47.4. The final reading affirmed the largest ever one-month drop for the...

China Crisis Series

Chart of the Day: China's shifting bubble

Aug 03, 2016 14:53 pm UTC| Commentary Economy

This nice chart from Tom Orlik, chief Asia economist, Bloomberg shows how the great ball of money is moving through Chinese assets. At first there was housing boom that shifted to stock, from there to bonds, then to...