Euro area PMIs unlikely to have changed majorly in July

Jul 21, 2017 23:03 pm UTC| Commentary

This week, European Central Bank President Draghi made reference to the robust recovery undergoing in the euro area. The stock market was spooked by the more neutral assessment of the euro areas economy. Financial markets...

U.S. consumer confidence measure likely to have dropped in July

Jul 21, 2017 23:02 pm UTC| Commentary

The U.S. Conference Boards overall consumer sentiment measure had risen 1.3 points in June to 118.9, as consumers positive assessment of the present situation countered falling expectations for the future. Rebound in the...

Strong demand fundamentals to encourage more home building in U.S., says Wells Fargo

Jul 21, 2017 23:02 pm UTC| Commentary

U.S. existing home sales are likely to have dropped slightly in June. In May, resales had risen 1.3 percent to a 5.62 million annualized pace. Sales of existing homes are constrained by unusually lean inventories of homes...

SARB may cut rates again if inflation outlook does not deteriorate, says Commerzbank

Jul 21, 2017 23:01 pm UTC| Commentary Central Banks

The South Africa Reserve Bank surprisingly lowered its key interest rate on Thursday to 6.75 percent from 7 percent. However, the decision was not unanimous as only four out of six council members voted for the cut....

Canada’s economy likely to have grown 0.2 pct sequentially in May, says TD Economics

Jul 21, 2017 22:28 pm UTC| Commentary

The Canadian economy is expected to have risen in May. According to a TD Economics research report, the industry level GDP is likely to have grown 0.2 percent in May, matching the prior month. The growth is likely to...

U.K. economy likely to have grown 0.3 pct in Q2 2017, says Lloyds Bank

Jul 21, 2017 22:28 pm UTC| Commentary

The U.K. is set to release its first estimate of the second quarter GDP growth next week. This is likely to show lacklustre growth for the second consecutive quarter, noted Lloyds Bank in a research report. The June retail...

Canada’s consumer price inflation decelerates in June

Jul 21, 2017 22:27 pm UTC| Commentary

Canadas consumer price inflation slowed in June, coming in slightly weaker than consensus expectations. The nations headline inflation decelerated to just 1 percent year-on-year in June from Mays 1.3 percent. Consensus...