Australian bonds witness mild sell-off as RBA keeps official cash rate steady; Q3 GDP in focus

Dec 06, 2016 05:07 am UTC| Commentary

The Australian government bonds slumped Tuesday as the Reserve Bank of Australia in its December monetary policy meeting kept its official cash rate (OCR) unchanged at record low of 1.50 percent, as expected. The yield...

U.S. non-manufacturing PMI surges in November, services sector witness highest growth in a year

Dec 06, 2016 04:33 am UTC| Commentary Economy

The non-manufacturing sector of the United States surged during the month of November, while the services equivalent witnessed thehighest rise in over a year, with the former largely beating market expectations. The ISM...

Asian markets in green, gold hovers around $1,170 mark

Dec 06, 2016 04:14 am UTC| Commentary

All the major Asian indices were trading on a higher note on Tuesday. Gold was trading around $1,171 mark while silver was trading around $16.80 mark. Today RBA kept cash rate unchanged at 1.5 pct as expected. South...

Chart of the Day Series

Chart of the Day: Inflation threat in UK

Dec 05, 2016 19:09 pm UTC| Commentary Economy

This chart from the Markit PMI report, shared by Markits chief economist Chris Williamson shows the post-referendum sharp increase in the input costs for all domestic companies. If history is any guide, then this sharp...

Continued strength of UK service sector in Nov signals robust Q4 despite ongoing Brexit uncertainty

Dec 05, 2016 16:37 pm UTC| Commentary

UK services sector activity in the month of November surprised to the upside, report published by Markit Economics showed on Monday. UK services PMI accelerated its pace of expansion to 55.2 in November from a reading of...

Eurozone Composite PMI slightly below flash estimate, but still at 11-month high in November

Dec 05, 2016 15:59 pm UTC| Commentary

Eurozone growth accelerated to its highest in 11-months in November. The final Markit Eurozone PMI Composite Output Index came in at 53.9, slightly below the flash estimate of 54.1. Despite the downward revision from the...

German services PMI beats forecasts, hits 6-month high in November

Dec 05, 2016 15:49 pm UTC| Commentary

Final Germany Services PMI beats expectations, hits 55.1 in November compared to 54.2 in the prior month and better than forecasts at 55.0. German service providers extended another month of solid output growth, with the...