U.S. new home sales post surprise fall in October, hints at temporary housing market setback
Nov 24, 2016 05:04 am UTC| Commentary Economy
New home sales in the United States unexpectedly fell during the month of October, hinting at a temporary setback in the worlds largest economy, amid an environment of recovering labor market. US new home sales fell 1.9...
Australian bonds plunge as Fed November meeting minutes reflect support for a December move
Nov 24, 2016 04:44 am UTC| Commentary
The Australian government bonds plunged Thursday as investors moved away from thesafe-haven buying amid weakness in the U.S. Treasuries after the Federal Reserve November meeting minutes reflected support for a December...
Nov 24, 2016 04:17 am UTC| Commentary
U.S. durable goods orders came in above expectations in October. Durable goods orders were up 4.8 percent, as compared with consensus forecast of 1.7 percent. Core capital goods orders came in strong too, rising 0.4...
South Africa’s inflation accelerates to 8-month high in October on rising food prices
Nov 23, 2016 17:11 pm UTC| Commentary
South Africas inflation accelerated to 6.4 percent in October from 6.1 percent a month earlier, Statistics South Africa said in a report released Wednesday. Inflation was now at its highest since February, an 8-month high....
German Services Sector PMI hits 6-month high; points to strong Q4
Nov 23, 2016 16:42 pm UTC| Commentary
Germany Markits flash composite Purchasing Managers Index (PMI) for November edged down to 54.9 from Octobers 10-month high of 55.1, slightly below consensus forecast of 55.0. German flash PMI services-sector index hit...
Nov 23, 2016 16:06 pm UTC| Commentary Economy
Bank of England (BOE) policymaker Kristin Forbes at a scheduled speech at the JP Morgan Cazenove Best of British Conference, in London said that Brexit uncertainty has proved to be less of a drag on UK growth than...

Chart of the Day: Autumn downgrade
Nov 23, 2016 15:35 pm UTC| Commentary
This chart from Financial Times shows the latest growth forecast from the chancellor of exchequer Phillip Hammonds from his autumn budget statement. According to the government forecast, the UK economy is expected to...