Facebook's Libra cryptocurrency can still take off and revolutionise money
Facebooks Libra cryptocurrency has suffered a few setbacks recently. As well as facing pressure from global regulators, seven of its 28 founding members have left the project including high profile firms PayPal, Visa,...
UK gilts continue downtrend on Brexit deal optimism wave, BoE Governor Carney’s speech eyed
The United Kingdoms gilts continued to down-trend during European trading hours Friday as optimism continued to flood market sentiments ahead of the Bank of England (BoE) Governor Mark Carneys speech, scheduled to be...
Polish industrial output returns to growth in September, GDP likely to stand above 4 pct in Q3
Polish industrial output returned to growth in September, as expected. The growth was underpinned by higher number of working days and positive base effect in September. On a year-on-year basis, production rose 5.6...
China likely to maintain full year growth at 6.0 pct in 2019, unless GDP growth falls below 5.5 pct y/y in Q4, says ANZ Research
With Chinas gross domestic product (GDP) having expanded 6.2 percent on a year-to-date basis in Q3, it is expected that the economy will maintain full year growth at 6.0 percent in 2019, unless GDP growth falls below 5.5...
EM Asian currencies likely to prop up as U.S. and China remain on track to reach a partial trade deal, says Scotiabank
The emerging market Asian currencies, including the yuan are expected to prop up for the rest of the year as the United States and China remain on track to reach a partial trade deal, according to the latest research...
Australian bonds flat in muted session after market sentiments improve following breakthrough Brexit deal
The Australian government bonds remained flat during Asian session of the last trading day of the week Friday amid otherwise muted hours that witnessed data of little economic significance.
However, market sentiments...
Philadelphia Fed manufacturing confidence continues to fall in October
The U.S. Philadelphia Fed business outlook surveys general activity index dropped further in October. The index fell 6.4 points to 5.6, as compared with consensus expectations of the index to come in at 7.6. Readings in...
U.S. housing starts drop in September on fall in multifamily segment
U.S. housing starts eased in the month of September. Starts dropped 9.4 percent to 1.26 million units, after surging 15.1 percent in August. Market expectations were for a milder fall of 3.2 percent. Starts were revised...
Euro area construction output falls sequentially in August
Euro areas construction output dropped in the month of August. On a seasonally adjusted basis, production in the construction sector dropped 0.5 percent, showed the estimates from Eurostat. In the prior month, construction...