U.S. retail sales likely to have grown in November

Dec 13, 2019 12:26 pm UTC| Commentary

The U.S. retail sales data for the month of November is set to release later today. According to a TD Economics research report, the retail sales are expected to have grown 0.3 percent in the month, greatly matching last...

Digital Currency Revolution

ECB Chief To Expedite Taskforce With Clear Objectives On Digital Currency

Dec 13, 2019 06:28 am UTC| Research & Analysis Central Banks Digital Currency Insights & Views Commentary

The European Central Bank (ECBs) new chief, Christine Lagarde has divulged her intentions to expedite the banks taskforce efforts on a digital currency project. At a news conference in Frankfurt following her first...

Asian markets extremely up, gold stabilizes below $1,470 mark

Dec 13, 2019 04:27 am UTC| Commentary

All the major Asian indices were trading on a higher note on Friday. Gold was trading around $1,469 mark while silver was trading around $16.87 mark. Japans Nikkei was trading 2.40 pct higher at 23,984.50...

Riksbank likely to hike interest rate in December

Dec 12, 2019 19:31 pm UTC| Commentary

The Riksbank is set to meet next week for its policy decision. According to a DNB Markets research report, the central bank is likely to hike policy rate by 0.25 basis points to 0.00 percent, in spite of the incoming data...

Indian headline inflation accelerates to 40-month high in November on food prices

Dec 12, 2019 19:13 pm UTC| Commentary

Indian headline inflation accelerated to a 40-month high in November. Even if the rise was driven by increased food prices, core inflation also accelerated for the first time in four months. On a year-on-year basis,...

U.S. producer prices rise below expectations in November

Dec 12, 2019 18:47 pm UTC| Commentary

U.S. producer prices came in below expectations in November. The headline producer prices index came in at 0 percent sequentially and 1.1 percent year-on-year. Excluding, food, energy, and trade, PPI came in at 0 percent...

Hungarian economy likely to slow down moderately in Q4, to decelerate to lesser extent in 2020

Dec 12, 2019 17:28 pm UTC| Commentary

The Hungarian economy has been quite resilient to the global slowdown so far. The economic growth expanding 5 percent year-on-year in the third quarter of 2019. The structure of growth became more balanced, as the...