Japan’s manufacturing activity shrinks in July, albeit at slower rate
Jul 22, 2016 06:09 am UTC| Commentary Economy
Manufacturing activity in Japan contracted at a decelerating pace in July from June. Flash Japan Manufacturing PMI for July rose to 49 from Junes 48.1. The flash headline PMI hinted at deteriorating operating conditions;...
US existing home sales in June surprise on upside; housing activity to stay upbeat this year
Jul 22, 2016 05:35 am UTC| Commentary Economy
Existing home sales in the US surprised on the upside as it rose again in June, following three straight gains. Sales grew 1.1 percent month-on-month to 5.57 million, as compared with market expectations of sales to...
FxWirePro: The Day Ahead- 22nd July 2016
Jul 22, 2016 04:50 am UTC| Commentary Economy
Lots of economic dockets scheduled for today, however, only afew with high volatility risks associated. Data released so far China: MNI business sentiment indicator rose to 55.5 from 54.5 Japan: Nikkei...
Chart of the Day: UK recession probability
Jul 21, 2016 14:16 pm UTC| Commentary Economy
The recession probability in the United Kingdom over the next 12 months reached ahistorical high of 40 percent. It has jumped 22 percent since June. However, a lot will depend on how the Brexit is handled and on the...
Chinese monetary policy seems less effective at boosting growth, says ANZ
Jul 21, 2016 11:53 am UTC| Commentary Economy
Chinas monetary policy has become less effective in boosting the nationsgrowth prospects, even though the country remains behind Japan in falling into the liquidity trap in a Japanese fashion, ANZ reported. The worlds...
Brazilian economy to come out of recession as political uncertainty eases
Jul 21, 2016 11:11 am UTC| Commentary Economy
Brazil is likely to come out from its two-year recession as the political uncertainty eases. The ongoing recession, which is the deepest since the 1930s, is due to imprudent policy choices executed in the last few years;...
Lingering political uncertainty to weigh on capital inflows into Turkey
Jul 21, 2016 11:01 am UTC| Insights & Views Economy
Turkeys cabinet decided to propose a State of Emergency (SoE) after a recommendation from the State Security Council yesterday. The state of emergency allows President Erdogan to rule by decree for three months, limit...