How the car fueled global economic and foreign policy

Jul 28, 2016 02:46 am UTC| Insights & Views Economy

Cars are rarely at the centre of either the economic or political debate. In media terms, cars are often in the realm of the likes of Jeremy Clarkson, with some more serious commentators such as the RAC, FIA or SMMT as...

How will Turkey's failed coup and massive purge affect its economic future?

Jul 28, 2016 02:41 am UTC| Insights & Views Politics Economy

The failed July 15 coup in Turkey has prompted a tsunami of responses by the government that is likely to have a lasting impact on all aspects of politics and society, including the economy. The initial arrest of...

Fed Hike Aftermath Series

Don’t expect much fireworks from FOMC today

Jul 27, 2016 08:34 am UTC| Commentary Economy Central Banks

Dont expect much from FOMC today. As a matter of fact, we at FxWirePro, wont be surprised if the committee keeps the most parts of the previous statement intact other than adding some Brexit concerns to it. However, there...

US consumer confidence broadly unchanged in July

Jul 27, 2016 05:09 am UTC| Commentary Economy

The Conference Board Consumer Confidence Index of the US remained broadly unchanged in July at 97.3, as compared with Junes 97.4. The Julys index was slightly above the market projections of 96. The Present situation index...

Australian inflation remains weak in Q2; RBA likely to cut rate in August

Jul 27, 2016 05:09 am UTC| Commentary Economy

Australias inflation in the second quarter of 2016 came in weak. The consumer price index rose 0.4 percent on a sequential basis in the June quarter, following a fall of 0.2 percent in the first quarter, according to the...

US new home sales grow strongly in June; housing likely to remain firm in medium term

Jul 27, 2016 05:08 am UTC| Commentary Economy

US new home sales grew strongly in the month of June. New home sales rose 3.5 percent month-on-month to 592,000 in June, as compared with consensus expectations of 560,000. Earlier months data was upwardly revised by...

Business activity in US service sector expands at weakest pace in five months

Jul 27, 2016 05:08 am UTC| Commentary Economy

The Markit Flash US Services PMI for the month of July has signalled that the US service sector continued to be muted. The July data has suggested that activity in the services sector has grown at the weakest rate in the...