U.S. ISM nonmanufacturing index rises to highest in over one decade in January

Feb 05, 2018 20:33 pm UTC| Commentary

The U.S. ISM nonmanufacturing index started 2018 on a strong footing. The index rose in January to 59.9 from Decembers 56. This is the highest in over a decade. New orders and employment drove the rebound, while other...

Central Bank of Russia likely to cut key interest rate by 25 bps in February – Nordea Bank

Feb 05, 2018 20:07 pm UTC| Commentary

The Central Bank of Russia is set to meet this week for its interest rate decision. According to a Nordea Bank research report, the CBR is expected to cut its key interest rate by 25 basis points to 7.5 percent given...

U.S. service sector business activity growth slows down in January, PMI drops to 53.3

Feb 05, 2018 19:02 pm UTC| Commentary

U.S. service sector business activity rose strongly in the month of January, though the pace of growth slowed for the third straight month. The seasonally adjusted final IHS Markit U.S. Service Business Activity Index...

Chinese consumer price inflation likely to have accelerated in January

Feb 05, 2018 17:51 pm UTC| Commentary

Chinese consumer price inflation and producer price inflation data for the month of January is set to be released this week. According to a DBS research report, Chinas headline inflation is expected to have risen 1.5...

Brazilian services activity stabilizes in January, services PMI rises to 50

Feb 05, 2018 16:42 pm UTC| Commentary

Brazilian services activity stabilizes in January amidst renewed increase in new work, following contractions seen throughout the fourth quarter of 2017. The headline PMI Business Activity came in at 50 in January from...

Norwegian housing prices fall slightly in January

Feb 05, 2018 14:17 pm UTC| Commentary

Housing prices in Norway dropped slightly in the month of January on a seasonally adjusted basis. On an unadjusted basis, housing prices rose 2 percent in the month. But January is usually a solid month, and seasonally...

Indonesian economic growth rebounds slightly in 2017, export growth likely to moderate in 2018

Feb 05, 2018 13:43 pm UTC| Commentary

Indonesian economy expanded slightly above expectations on a year-on-year basis in the fourth quarter of 2017. The real GDP grew 5.2 percent. For the whole of 2017, the economy expanded 5.1 percent, consistent with market...