U.K. house prices rebounds in May, prices rises likely to remain sluggish over remainder of 2018

Jun 07, 2018 20:08 pm UTC| Commentary

U.K. house prices recovered in May, rising 1.5 percent on a sequential basis. This partly reversed the 3.1 percent sequential fall the previous month, showed the Halifax. However, the underlying trend continues to remain...

U.K. house prices rebounds in May, prices rises likely to remain sluggish over remainder of 2018

Jun 07, 2018 20:08 pm UTC| Commentary

U.K. house prices recovered in May, rising 1.5 percent on a sequential basis. This partly reversed the 3.1 percent sequential fall the previous month, showed the Halifax. However, the underlying trend continues to remain...

U.S. consumer goods sector records marked output growth in May

Jun 07, 2018 19:10 pm UTC| Commentary

The U.S. consumer goods sector saw a marked output growth in May, showed the latest U.S. Sector PMI data from IHS Markit. The survey data hinted at a further acceleration in the pace of growth to the most rapid since...

Czech economic growth likely to reach around 3.6 pct in 2018

Jun 07, 2018 18:02 pm UTC| Commentary

The Czech economy had grown 4.4 percent on a year-on-year basis in the March quarter. Among the GDP components, household consumption and investment expenditures mainly drove the GDP growth. The 4.1 percent rise in...

U.S. initial jobless claims stay at low levels, labor market conditions remain solid

Jun 07, 2018 16:47 pm UTC| Commentary

U.S initial jobless claims continue to stay at low levels. For the week ended 2 June, jobless claims remained largely unchanged at 222k, as compared with the upwardly revised 223k for the prior week. This outturn was...

Norwegian core inflation likely to have accelerated slightly in May

Jun 07, 2018 16:03 pm UTC| Commentary

Norwegian inflation is likely to have stayed on the low side to Norges Bank in May; however, strong growth signifies that the central bank will still hike in September, noted Nordea Bank in a research report. According...

Commodities snapshot (precious & industrial)

Jun 07, 2018 14:19 pm UTC| Commentary

The metal pack is down today. The performance this week at a glance in chart table - Gold: Gold is struggling despite weak dollar as risk aversion subsides. Todays range $1303-1294 Gold is currently trading at...