Czech manufacturing conditions continue to lose momentum; PMI at three-year low in June

Jul 01, 2016 11:07 am UTC| Commentary Economy

Manufacturing business conditions in the Czech Republic continued to lose momentum in June, showed the latest PMI survey data. The headline Markit Czech Republic Manufacturing PMI dropped to 51.8 in June from Mays 53.3....

Eurozone unemployment rate falls to 5-year low in May

Jul 01, 2016 11:03 am UTC| Commentary

Eurozones unemployment rate fell to its five-year low in May, suggesting that the currency areas economy continues to recover at a modest pace, aided by a pickup in consumer spending as more people find jobs. The number...

Swedish growth likely to remain low until 2017 as fallout of Brexit

Jul 01, 2016 11:01 am UTC| Commentary Economy

The overall impactof Brexit on Swedens GDP is strong but can be managed. The scenarios are developed using the work-horse global econometric model NIGEM, said Danske Bank. The impact on Swedish economic growth is expected...

Eurozone manufacturing activity expands to 6-month high in June

Jul 01, 2016 11:00 am UTC| Commentary

Manufacturing business activity in the Eurozone expanded during June, jumping to its six-month high, driven by new orders and output that encouraged companies to hire more people to meet demand. The Markit PMI for the...

Danish economy likely to slip into technical recession in H2 16

Jul 01, 2016 11:00 am UTC| Insights & Views Economy Commentary

United Kingdoms vote to leave the European Union is likely to considerably increase political uncertainty in the near term, causing lower investment activity and thus lower growth in GDP and employment in the Nordic...

Eurozone periphery bonds rally on hopes of further stimulus by ECB to offset Brexit effects

Jul 01, 2016 10:58 am UTC| Commentary

The Eurozone periphery government bonds rallied on Friday as both the ECB and Bank of England will look to adopt accommodative monetary policy platforms and employ greater stimulus measure throughout the European summer to...

Spanish manufacturing edges higher in June; new orders decline

Jul 01, 2016 10:34 am UTC| Commentary

Spains manufacturing activity edged slightly higher in June, but new orders declined at their slowest pace in more than two-and-a-half years as domestic demand faltered. Spain has been embroiled in a political turmoil over...