US ISM nonmanufacturing index surges in July
Aug 05, 2015 14:53 pm UTC| Commentary
The ISM nonmanufacturing index rose to 60.3 in July (previous-56.0), outstripping estimate (56.5) and consensus expectations (56.2) for a modest monthly increase. The stronger-than-expected survey reading on service sector...
US Q2 GDP tracking 3.0% after June trade data
Aug 05, 2015 14:45 pm UTC| Commentary
The nominal US monthly trade deficit widened to $43.8bn in June, broadly in line with estimate $43.5bn and consensus expectations $43.0bn. The May deficit was revised narrower to $40.9bn (initial-$41.9bn) in the report,...
US ADP employment growth decelerates in July
Aug 05, 2015 14:29 pm UTC| Commentary
The ADP employment report for July showed private payroll growth of 185k on the month, below consensus expectations 215k and indicative of a deceleration in employment growth from the downwardly revised June reading of...
UK July PMIs gradual moderation but remaining strong
Aug 05, 2015 12:14 pm UTC| Commentary
The Services PMI headline for the UK posted a 1.1 point fall to 57.4 in July.Business expectations fell to a five-month low at 70.9. The rate of job creation notably declined (-2.2 points) to 53.8, its weakest print since...
Euro area July Final PMIs slightly down on lower services confidence
Aug 05, 2015 10:19 am UTC| Commentary
Euro area final composite PMIs in July were slightly increased from the flash estimates by 0.2 points to 53.9, edging down from Junes four-year peak (-0.3 point). The upward revision of PMI was equally driven by the...
Gold price only under moderate pressure after hawkish Fed comments
Aug 05, 2015 09:28 am UTC| Commentary
An interview in the Wall Street Journal with Atlanta Fed President Dennis Lockhart sparked a significant appreciation of the US dollar overnight, driving it to a two-week high against the euro. In the interview,...
Price rise of crude oil to be supported by falling US inventories
Aug 05, 2015 09:23 am UTC| Commentary
Oil prices are recovering somewhat from the lows they hit at the beginning of the week. Brent now costs more than $50 per barrel again, while WTI is priced at above $46 per barrel.The price recovery is finding support from...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects