US producer prices grow significantly in June
Jul 15, 2016 05:26 am UTC| Commentary Economy
Producer prices in the US rose more rapidly than anticipated last month. Most of the goods and services components registered robust increases. The headline producer price index was up 0.5 percent month-on-month, as...
Australian bonds slump on improved US data, profit booking
Jul 15, 2016 05:21 am UTC| Commentary
The Australian government bonds slumped on Thursday, following US trend, after reading stronger-than-expected producer prices data for June, coupled with maintained improvement in jobless claims. Also, investors booked...
FxWirePro: The Day Ahead- 15th July 2016
Jul 15, 2016 04:27 am UTC| Commentary Economy
Lots of economic dockets scheduled for today and some with high volatility risks. Data released so far China: GDP grew 6.7 percent in second quarter from a year back and 1.8 percent on quarterly basis. Urban...
Asian markets higher, gold recovers from fresh 10-day low
Jul 15, 2016 03:42 am UTC| Commentary
Most Asian markets are trading on a higher note on Friday. On the other side, dollar rises above 106 yen for first time since Brexit referendum. Yesterday gold hit fresh 10-day low at $1,320 mark and currently trading...
Chart of the Day: Crown jewel of the UK
Jul 14, 2016 17:04 pm UTC| Commentary
In 2014, the United Kingdom cleared $927.8 billion Euro-denominatedderivatives daily. France, the biggest rival cleared just 15.2 percent of that. The United States cleared less than 3 percent of that. Eurozones three...
Bank of England surprises markets with inaction, GBP spikes in response
Jul 14, 2016 15:38 pm UTC| Commentary
Bank of England surprises markets with inaction, holds key interest rate steady despite uncertainty over Brexit. Although, it signaled that a potential cut could come next month in a bid to bolster the economy. UKs MPC...
Irish GDP growth rate for 2015 revised to 26.3 percent from 7.8 percent
Jul 14, 2016 15:07 pm UTC| Commentary
Irelands economic growth for 2015 was revised to 26.3 percent from 7.8 percent. The dramatic revisions released on Thursday primarily reflect reclassifications and relocations of a handful of companies that are very large...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects