South Korean producer prices fall sequentially in June on drop in oil and raw material prices

Jul 18, 2017 23:04 pm UTC| Commentary

The South Korean producer prices dropped slightly in June on a sequential basis, owing to a decline in oil and raw material prices. According to the Bank of Koreas preliminary data, the nations producer prices dropped 0.4...

Czech National Bank likely to hike interest rate in August

Jul 18, 2017 23:03 pm UTC| Commentary

The Czech National Bank might become the first central bank in the CEE region to hike interest rates, noted Erste Group in a research report. Nearly everything indicates that the central bank might hike in the third...

U.S. NAHB housing market index drops further in June, but remains in positive territory

Jul 18, 2017 22:15 pm UTC| Commentary

The U.S. NAHB housing market index dropped further in June; however, it continues to be in elevated territory as home builders continue to have several incentives to construct new homes. The homebuilder optimism dropped...

U.K. GDP growth likely to slow down to 1.6 pct in 2017 and to 1.2 pct in 2018 – Danske Bank

Jul 18, 2017 20:20 pm UTC| Commentary

The U.K. economy was remarkably resilient to Brexit uncertainties in the second half of last year, as GDP growth came in stronger than in the first half of 2016. There were many reasons for this. The instant easing of...

U.S. import and export prices fall in June

Jul 18, 2017 17:33 pm UTC| Commentary

The U.S. import prices dropped in June, in line with the weakening theme seen in other price measures. The total import prices dropped 0.2 percent in June, the second consecutive drop. The drop is mainly due to the 2.2...

U.S. Treasuries jump in silent trade ahead of 10-year auction, initial jobless claims

Jul 18, 2017 11:50 am UTC| Commentary Economy

The U.S. Treasuries traded mildly on the upside Tuesday as investors wait to watch the countrys 10-year auction, scheduled to be held on July 20. Also, the release of initial jobless claims on the same day shall add...

GST likely to have negative impact on India’s oil & gas, traditional retail and SME sectors: Fitch Ratings

Jul 18, 2017 10:56 am UTC| Commentary Economy

Indias new Goods and Services Tax (GST) is likely to have a beneficial impact on Indias auto, cement and organised retail sectors, but a negative impact on the oil gas, traditional retail and SME sectors, according to...