Germany’s Ifo business sentiment index deteriorates in August
Aug 25, 2016 09:44 am UTC| Commentary Economy
Germanys business confidence has evidently deteriorated. The sentiment unexpectedly fell the most in over four years in August. The business climate index of German-based Ifo dropped to 106.2 points in August from Julys...
Investors increasingly worried on Saudi Arabia’s banking system
Aug 25, 2016 07:28 am UTC| Commentary Economy
The oil price has recovered from the bottom; it is up around 90 percent from the bottom seen in February, but price actions suggest that the market is increasingly worried on Saudi Arabias banks. In a previous article, we...
Aug 25, 2016 06:25 am UTC| Commentary Economy
Euro areas August PMI prints were little changed as compared to Julys level. Only the manufacturing PMI came in lower than prior to the Brexit vote in June. The composite PMI new orders index continues to be quite stable...
US home purchases likely to continue rising in H2 2016 at gradual pace
Aug 25, 2016 05:22 am UTC| Commentary Economy
US existing home sales activity declined in July after reaching a post-recession high in June. This is the first drop since February. Existing home sales activity dropped 3.2 percent in sequential terms to 5.39 million...
FxWirePro: The Day Ahead- 25th August, 2016
Aug 25, 2016 04:20 am UTC| Commentary Economy
Lots of economic dockets and events are scheduled for today but all with low to medium volatility risks associated. Upcoming: France: Investment report for third quarter released at 6:45 GMT along with business...
Economic surprise indices favor GBP/USD recovery
Aug 24, 2016 12:17 pm UTC| Commentary Economy
While the United Kingdom has been surprising the markets, economist and the doomsayers with continued resilience after the referendum in June, on the other side of the world the United States economic performance has taken...
Construction likely to be a major drag on Australia's Q2 GDP
Aug 24, 2016 10:57 am UTC| Insights & Views Economy
Australias total construction work done fell sharply in Q2. Data released by the Australian Bureau of Statistics on Wednesday showed that the total value of construction work completed in Australia fell 3.7 percent in the...
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