U.S. Fed likely to raise rates in December, three rate hikes likely in 2018

Nov 02, 2017 19:30 pm UTC| Commentary

During its November meeting, the U.S. Federal Reserve kept its policy and forward guidance unchanged after the announcement of the balance sheet reduction at its September meeting. According to a Nordea Bank research...

Denmark’s foreign exchange reserves remain unchanged in October

Nov 02, 2017 18:55 pm UTC| Commentary

Denmarks foreign exchange reserves remained unchanged in October at DKK 464 billion, with the central bank making no interventions in the FX market. Government deposits came in at DKK 141 billion in October, down from DKK...

Russian economy likely to grow around 2 pct in 2017, says Nordea Bank

Nov 02, 2017 18:07 pm UTC| Commentary

The Russian economy has been rebounding steadily this year, surpassing the most upbeat projections made early in 2017. After an unexpectedly solid second quarter growth, the economic growth decelerated slightly in the...

U.S. initial jobless claims drop in October end, indicates healthy labor market activity

Nov 02, 2017 17:14 pm UTC| Commentary

U.S. initial jobless claims decelerated in the week ended 28 October. The jobless claims slowed to 229k, down from a revised 234k a week earlier. In recent weeks, initial jobless claims have improved steadily after the...

U.S. productivity growth expands strongly in Q3

Nov 02, 2017 16:21 pm UTC| Commentary

Productivity in the U.S. grows solidly in the third quarter. The pace of growth picked up, further affirming that productivity is turning a corner after the 2016 doldrums. Nonfarm business output per hour was up 3 percent...

U.K. construction activity rises slightly in October, but sentiment falls

Nov 02, 2017 14:04 pm UTC| Commentary

Construction firms in the U.K. have hinted that business conditions continued to be weak in October. The seasonally adjusted IHS Markit construction PMI index rose to 50.8 in October from 48.1 in September. But the latest...

Bank of England hikes bank rate by 25 bps, keeps bond program unchanged

Nov 02, 2017 13:14 pm UTC| Commentary Central Banks

As was widely anticipated, the Bank of England hiked its bank rate by 25 basis points to 0.50 percent during its meeting today. The BoE kept its bond program unchanged. Todays decision was consistent with the banks hints...