Euro area flash economic confidence indicator maintains upward trend in May

May 19, 2017 17:40 pm UTC| Commentary

The preliminary data showed that euro area economic confidence indicator continued to maintain its upward trend in May. Most euro area economic sentiment surveys have rebounded markedly since the end of 2016. The flash...

S&P upgrades Indonesia’s sovereign rating to investment grade, IDR likely to outperform in region

May 19, 2017 16:42 pm UTC| Commentary Economy

On Friday, SP Global Ratings raised Indonesias sovereign rating to an investment grade. The rating was revised to BBB- from BB+ with a stable outlook. After the revision, Indonesia has now acquired an investment grade...

Canada’s consumer price inflation remains unchanged year-on-year in April

May 19, 2017 16:22 pm UTC| Commentary

Canadas inflation, gauged by the consumer price index, remained the same in April on a year-on-year basis, while it accelerated on a sequential basis. Consumer price inflation remained unchanged at 1.6 percent...

Canadian retail sales rebound in March, consumer spending to remain key pillar of economic growth

May 19, 2017 15:52 pm UTC| Commentary

Canadas retail sales rebounded in Marc after declining slightly in February. Retail sales rose 0.7 percent in the month on a sequential basis. In real terms, volumes grew strongly by 1.2 percent in March. The retail sales...

U.S. Treasuries move slightly lower in response to modest improvement in global equities, hawkish shift in short-term Fed rate hike expectations

May 19, 2017 11:43 am UTC| Commentary Economy

The U.S. Treasuries moved slightly lower in response to a modest improvement in global equity markets and a hawkish shift in short-term Fed rate hike expectations, with short-dated paper underperforming and the yield curve...

UK gilts slump on fall in demand for safe-haven assets

May 19, 2017 10:51 am UTC| Commentary Economy

The UK gilts slumped on fall in demand for safe-haven assets amid arise in riskier equities and oil. The yield on the benchmark 10-year gilts, jumped 3-1/2 basis points to 1.09 percent, the super-long 30-year bond...

EUR/PLN likely to reach 4.25 by end of Q2 this year, says Commerzbank

May 19, 2017 09:15 am UTC| Commentary Economy

Despite strong manufacturing growth across most of the CEEcountries, inflationary pressures are not emerging yet. Most of the headline CPI acceleration we have witnessed has been driven by large commodity price swings...