Euro area business and consumer sentiment index rises surprisingly above expectations in October

Oct 30, 2017 18:21 pm UTC| Commentary

The latest Commission business and consumer survey shows that the euro areas economic growth momentum in the euro area is very robust. The headline euro area economic sentiment index unexpectedly rose above expectations to...

German inflation softens unexpectedly in October, euro area inflation likely weakened

Oct 30, 2017 17:47 pm UTC| Commentary

German inflation figures for the month of October came in softer than expected. The headline HICP inflation in Germany decelerated surprisingly to 1.5 percent in the month of October from Septembers 1.8 percent. Inflation...

U.S. consumer spending comes in strong in September, core inflation remains soft

Oct 30, 2017 15:40 pm UTC| Commentary

The U.S. personal income report showed robust income and spending growth in the month of September, consistent with expectations. Personal income rose 0.4 percent sequentially, with both compensation and wages and salaries...

China’s official manufacturing PMI index likely to have dropped in October – DBS Bank

Oct 30, 2017 14:39 pm UTC| Commentary

Chinas official manufacturing PMI index is likely to have dropped a bit in October. According to a DBS Bank research report, the PMI index is expected to have come in at 52 from Septembers 52.4. The easing in the index...

Czech National Bank likely to hike rate by 25 bps twice in coming months

Oct 30, 2017 13:51 pm UTC| Commentary

The recent ECB decision is unlikely to considerably impact the expected monetary tightening of the Czech National Bank in the short run. Given the overheating of the Czech economy, the CNB is likely to hike by 25 basis...

Norwegian retail sales fall further in September

Oct 30, 2017 13:10 pm UTC| Commentary

Norways retail sales have been subdued in the past two months; however, the figures are volatile and the central bank has probably not changed its view on consumption growth significantly. In the month of September, the...

Oil in Global Economy Series: Key oil market updates

Oct 30, 2017 11:56 am UTC| Commentary

While the oil market continues to focus on supply/demand fundamentals, these are some key updates that you need to keep a tab on, U.S. oil rig count: The United States has already proved to be a major influencing...