CEE currencies likely to be positive in 2018, EUR/CZK to strengthen towards 26 by end-2018 – Nordea Bank

Aug 16, 2017 18:45 pm UTC| Commentary

Given the positive economic developments in the CEE economies and the increased likelihood of interest rate hikes in 2018, the CEE currencies for next year are likely to be positive despite the likely rally of EUR/USD...

U.K. jobless rate falls to lowest since 1975, but wage growth remains weak

Aug 16, 2017 18:05 pm UTC| Commentary

The U.K. labor market figures for the three months to June that were released on Wednesday left recent trends greatly intact. The jobless rate continued to drift lower, falling to 4.4 percent, a new post-crisis low. It was...

Euro area economy grows sequentially in Q2, positive momentum to be maintained in H2

Aug 16, 2017 17:02 pm UTC| Commentary

On a quarter-on-quarter basis, the euro area economic growth came in at 0.6 percent in the second quarter, showed a flash estimate by Eurostat. The second quarter seasonally adjusted growth came in line with the consensus...

Bank of Thailand stands pat in August, likely to keep monetary policy steady through 2017

Aug 16, 2017 16:38 pm UTC| Commentary Central Banks

As was widely anticipated, the Thai central bank, Bank of Thailand, kept its key policy rate on hold during its meeting on Wednesday. It was a unanimous decision to keep the benchmark rate on hold at 1.50 percent. Monetary...

CEE economies continue to expand at strong rate in Q2, likely to continue growing strong in years ahead

Aug 16, 2017 15:56 pm UTC| Commentary

The CEE regions economic growth continued at a strong rate, owing to accelerated absorption of the EU funds and high private consumption growth underpinned by labor market tightening. The strong growth in the first half of...

U.S. homebuilding decelerates in July, single family starts likely to grow soundly

Aug 16, 2017 15:05 pm UTC| Commentary

U.S. homebuilding decelerated in July with builders breaking ground on 1155k units. This was a surprise on the downside as the markets anticipated a figure of 1220k. Both single-family and multi-family construction fell;...

U.S. Treasuries trade lower ahead of FOMC August meeting minutes

Aug 16, 2017 11:25 am UTC| Commentary Economy

The U.S. Treasuries lost ground as investors wait to watch the Federal Open Market Committee (FOMC) meeting minutes, scheduled to be released today by 18:00GMT. The yield on the benchmark 10-year Treasury, jumped nearly...