Drop in China’s June manufacturing PMI signals at renewed decline in economic momentum

Jul 01, 2016 09:27 am UTC| Commentary Economy

The Chinese economic momentum is declining again after stabilizing for a brief period of time. The Caixin/Markit manufacturing PMI for the month of June surprisingly dropped to 48.6 in from Mays 49.2. The official PMI was...

FxWirePro: CAD’s prospect in H2 appears to be dubious due to weaker investment flow, debt burden, BoC and restrained crude prices

Jul 01, 2016 08:02 am UTC| Insights & Views Economy

In H2, we expect a pullback in USD/CAD as the year progresses, on an expected stabilization then rebound in crude oil prices and better performance in the non-resource sector. The benefits of a weaker CAD are expected to...

Australia’s house price growth slows in June; to ease further this year

Jul 01, 2016 07:02 am UTC| Commentary Economy

House price growth in Australia slowed slightly in June, taking a break from the gains in previous months. A two-speed market continues, with further acceleration in prices in Sydney, whereas most other capital cities...

Canada’s small business confidence gains in June; Brexit likely to have impact little over it

Jul 01, 2016 06:53 am UTC| Commentary Economy

Canadas small business confidence continued to gain its upward momentum in June with the CFIB business barometer rising 1.8 point to 60, following a small pause in May. Even if the index is low compared to the usual...

Canadian economy to slow in near term; declining business sentiment to hamper growth

Jul 01, 2016 05:36 am UTC| Commentary Economy

Canadas real GDP in April grew 0.1 percent month-on-month, in line with market projections. Falls from the earlier two months were unchanged. The data released on Friday affirms that after a solid handoff from last year...

Russian economy unlikely to face post-Brexit blues; nation to focus on internal affairs

Jun 30, 2016 12:58 pm UTC| Commentary Economy

The Russian economy is unlikely to have any tangible impact from Brexit. With the huge extent of uncertainty around the political processes in the European Union and the UK in the near future, any extreme change in the...

Brazil’s industrial production likely grew on month-on-month basis in May

Jun 30, 2016 11:56 am UTC| Commentary Economy

Brazils industrial production is likely to have grown on a month-on-month basis, but is expected to have continued to contract on a year-on-year basis in May. Industrial output had shrunk 11.9 percent year-on-year in the...