Euro area’s and EU’s current account surplus narrows in May

Jul 20, 2016 11:29 am UTC| Commentary Economy

The European Union has recorded a current account surplus of EUR 10.5 billion in May 2016, as compared with Aprils surplus of EUR 12.9 billion and May 2015s surplus of EUR 9.4 billion, according to Eurostat. Seasonally...

US housing starts and building permits bettered estimates in June, revive hopes for Fed hike in 2016

Jul 20, 2016 10:55 am UTC| Insights & Views Economy Central Banks

US Commerce Department data showed on Tuesday that new-home construction in the U.S. rose more than forecast in June, a sign that demand for housing continues to firm heading into the second half of the year. Housing...

UK households’ financial perceptions deteriorate in July

Jul 20, 2016 10:22 am UTC| Commentary Economy

The seasonally adjusted UK Household Finance Index of Markit has hinted that the financial perceptions of UK households deteriorated in July. The index dropped to 44.3 in July from 44.8 in June, remaining below the 50...

Positive wage growth likely to supportive of sterling but unlikely to be major influencer

Jul 20, 2016 08:27 am UTC| Commentary Economy

Pound has declined a lot in the aftermath of the UK referendum and focus now is on the path of the negotiation, so todays report will only improve sentiment if wage growth comes positive but not likely to change any course...

IMF lowers global growth forecast as Brexit worries drag on; outlook remains uncertain

Jul 20, 2016 08:21 am UTC| Commentary Economy

The International Monetary Fund has lowered the global growth forecast, once again as worries over Brexit continue to bother markets amid a wave of uncertainty and already-fragile business and consumer confidence. The...

Poland’s industrial output growth remains strong in June

Jul 20, 2016 08:18 am UTC| Commentary Economy

Polands real economic data for the month of June continued to be strong. The nations retail sales and industrial output continued with their recent momentum. Polands industrial production growth, on a seasonally adjusted...

Subdued wage growth in euro area likely to keep core inflation low

Jul 20, 2016 05:47 am UTC| Commentary Economy

In the past two years, unit labor cost growth in the euro area has been subdued and is expected to remain one of the main reasons for weak core inflation in the currency bloc, stated Societe Generale in a research note....