U.S. consumer confidence improves significantly in August, spending growth likely to be strong in Q3
Aug 31, 2016 04:52 am UTC| Commentary Economy
The U.S. consumer confidence index of Conference Board recovered considerably in August. The levels show that consumers in the country anticipate the economy to remain strong in the second half of 2016. The Conference...
FxWirePro: The Day Ahead- 31st August, 2016
Aug 31, 2016 03:35 am UTC| Commentary Economy
Lots of economic dockets and events are scheduled for today but all with low to medium volatility risks associated. Data released so far: Australia: Private sector credit rose by 6 percent y/y in June. New...
Chart of the Day: Indebted world
Aug 30, 2016 17:02 pm UTC| Commentary Economy
According to data from the Bank of International Settlements, International Monetary Fund, compiled by McKinsey Global Institute as shared in the chart, the global debt has grown more than ever, faster than ever, despite...
Economic and business confidence in the Eurozone tumble abruptly in August
Aug 30, 2016 15:44 pm UTC| Commentary Economy
Data released by the European Commission earlier on Tuesday showed that economic sentiment in the Eurozone edged lower in August. The Economic Sentiment Indicator for the month fell marginally to 103.5 from the July figure...
UK inflation expectations hit highest level in more than two years
Aug 30, 2016 14:19 pm UTC| Commentary Economy
Inflation expectations in the UK have hit the highest point since 2014, now the worry is will the actual inflation follow or will it just remain subdued as it did since 2014. The market as of now pricing that there would...
Czech exports, household consumption primarily drive economic growth
Aug 30, 2016 11:54 am UTC| Commentary Economy
Economic growth rate of the Czech Republic is gradually slowing this year, after expanding strongly in 2015. Exports and household consumption are mainly driving up the demand side of the economy. On the contrary,...
Domestic consumption likely to make a substantial positive contribution to U.S. third-quarter GDP
Aug 30, 2016 11:43 am UTC| Insights & Views Economy
Consumer spending in the U.S. accounts for 70 percent of economic activity and is the main contributor to power overall growth in the second half of the year. Data released by the U.S. Commerce Department on Monday showed...
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