Italy’s economic growth likely to be volatile in coming quarters

Jul 01, 2016 12:07 pm UTC| Commentary Economy

Italian economy is not expected to gain much traction. Moreover, it is expected to be volatile in the quarters to come as the economy will have to take in several uncertainty shocks. The economic outlook is fogged by...

FxWirePro: Macros environment unlikely to cushion Aussie’s dropping trade terms, AUD unlikely to prosper in H2

Jul 01, 2016 11:08 am UTC| Insights & Views Economy

In H2, we expect AU growth to remain subpar and AUD to drift lower. There are a few key things to watch in 2016. Governor Stevens retires in Sept 2016 while a federal election must be held tomorrow; opinion polls are...

Czech manufacturing conditions continue to lose momentum; PMI at three-year low in June

Jul 01, 2016 11:07 am UTC| Commentary Economy

Manufacturing business conditions in the Czech Republic continued to lose momentum in June, showed the latest PMI survey data. The headline Markit Czech Republic Manufacturing PMI dropped to 51.8 in June from Mays 53.3....

Swedish growth likely to remain low until 2017 as fallout of Brexit

Jul 01, 2016 11:01 am UTC| Commentary Economy

The overall impactof Brexit on Swedens GDP is strong but can be managed. The scenarios are developed using the work-horse global econometric model NIGEM, said Danske Bank. The impact on Swedish economic growth is expected...

Danish economy likely to slip into technical recession in H2 16

Jul 01, 2016 11:00 am UTC| Insights & Views Economy Commentary

United Kingdoms vote to leave the European Union is likely to considerably increase political uncertainty in the near term, causing lower investment activity and thus lower growth in GDP and employment in the Nordic...

UK’s manufacturing sector improves modestly in June, PMI at five-month high

Jul 01, 2016 10:27 am UTC| Commentary Economy

UKs manufacturing sectors performance improved modestly in June. The seasonally adjusted Markit/CIPS PMI Index rose to 52.1 in June from Mays 50.4. The latest reading is the highest since January 2016. The data in June has...

Russia’s manufacturing sector returns to growth territory

Jul 01, 2016 09:37 am UTC| Commentary Economy

Russias manufacturing sector has returned to growth territory, based on Junes PMI survey data. The seasonally adjusted Markit Russia PMI Index rose to 51.1 in June from Mays 49.6. The June index came in above the...