Australian bonds slump on profit booking; Scott Morrison will replace PM Malcolm Turnbull

Aug 24, 2018 03:58 am UTC| Commentary Economy

Australian bonds slumped on the last trading day of the week Friday as investors cashed in profits after a short-lived rally following political uncertainties. In the context of recent political developments, Scott...

Japanese consumer price inflation likely to have accelerated moderately in July

Aug 23, 2018 21:04 pm UTC| Commentary

The Japanese headline consumer price inflation data for July is set to release tomorrow. According to a Wells Fargo research report, the headline inflation is likely to have accelerated modestly in July. The overall CPI is...

U.S. headline durable goods orders likely to have dropped in July on fall in aircraft orders

Aug 23, 2018 20:32 pm UTC| Commentary

U.S. durable goods orders data for the month of July is set to be released tomorrow. According to a Wells Fargo research report, the durable goods orders are expected to have fallen in July. In the prior month, the durable...

U.K. retail sales activity remains solid in August, likely to be temporary phenomenon

Aug 23, 2018 20:17 pm UTC| Commentary

U.K. retail sales activity continued to be strong in August, according to the CBI Distributive Sales survey today. A balance of 29 percent of retailers recorded a rise in sales from a year ago, up from 20 percent in July...

Euro area consumer sentiment index falls in August to lowest in 15 months

Aug 23, 2018 19:37 pm UTC| Commentary

The European Commissions flash estimate of consumer sentiment came out for the month of August. The flash estimate of the consumer confidence disappointed for the month. The index fell for the third month out of the last...

U.S. IHS flash manufacturing PMI index falls in August

Aug 23, 2018 18:48 pm UTC| Commentary

The seasonally adjusted IHS Flash U.S. Manufacturing PMI index dropped in the month of August to 54.4 from 55.3 in July. It is the lowest reading since November 2017. The latest data indicated towards slower rates of...

U.S. service sector firms record solid growth in business activity in August, flash PMI index drops to 55.2

Aug 23, 2018 17:30 pm UTC| Commentary

Service sector companies in the U.S. saw another strong growth in business activity in August; however, the pace of growth eased to a four-month low. The seasonally adjusted IHS Markit flash Services PMI Business Activity...