Canadian employment likely to have dropped in January, jobless rate to have come in at 5.8 pct

Feb 08, 2018 19:53 pm UTC| Commentary

Canadian employment is expected to have dropped in the month of January. According to a TD Economics research report, employment is likely to have recorded a net loss of 12k. The pullback is coming off a string of more...

U.S. jobless claims fall at start of February, implies strong labor market

Feb 08, 2018 19:12 pm UTC| Commentary

U.S. jobless claims drop in the week ended 3 February, suggesting continuation of strong labor markets. In the week ended 5 February, the initial jobless claims dropped to 221k from 230k, as opposed to consensus...

Canadian housing starts rise strongly in January, pace of homebuilding likely to soften in 2018

Feb 08, 2018 18:20 pm UTC| Commentary

Canada recorded strong housing starts at the start of the year. Housing starts came in at a strong 216.2k in January, unchanged from the slightly downwardly revised December level. The underlying trend continued to be...

Chinese foreign exchange reserves likely to remain widely stable in 2018 – DBS Bank

Feb 08, 2018 17:21 pm UTC| Commentary Economy

Chinas foreign exchange reserves rose USD 21.6 billion to USD 3.16 trillion in the month of January. This is the 12th straight monthly rise, reflecting a combination of factors from unfavorable valuation to tight capital...

Bank of England keeps policy rate on hold at 0.50 pct, likely to stand pat throughout 2018

Feb 08, 2018 16:25 pm UTC| Commentary Central Banks

The Bank of England kept its bank rate on hold at 0.50 percent today, as was widely anticipated. The bond program was also kept unchanged, in line with expectations. The MPC was unanimous in its decision to keep the...

Bank of Mexico likely to hike key interest rate by 25 bps

Feb 08, 2018 14:24 pm UTC| Commentary

The Bank of Mexico is set to meet today for its monetary policy decision. According to a Commerzbank research report, the Mexican central bank is expected to hike its key interest rate by 25 basis points to 7.50 percent,...

Turkish industrial production rises year-on-year in December

Feb 08, 2018 13:47 pm UTC| Commentary

Turkish industrial production expanded year-on-year in December. According to the Turkish Statistical Institute, industrial production grew 8.7 percent in December, as compared with Novembers 7 percent year-on-year...