Manufacturing industry continues to drive Czech economic growth

Aug 03, 2017 23:05 pm UTC| Commentary

The Czech economic growth continues to be mainly driven by the manufacturing industry, although most sectors of the economy are indicating a positive trend. On the demand side, consumption is expanding, underpinned by the...

Inflation expectations in Russia remain above target, likely to decline in August

Aug 03, 2017 22:40 pm UTC| Commentary Economy

Inflation expectations in Russia continue with their gradual decline; however, they continue to be far above the target. It might take a few more years for the Central Bank of Russia to convince the people in its...

Czech National Bank hikes interest rate by 20 bps, expects inflation to remain above 2 pct in 2017

Aug 03, 2017 22:24 pm UTC| Commentary Central Banks

The Czech National Bank hiked its interest rate by 20 basis points on Thursday, marking its first move since November 2012. Markets had anticipated this move by the CNB. Following the central banks decision to hike rates,...

BoE keeps policy rate and bond program unchanged, likely to stand pat for long time – Nordea Bank

Aug 03, 2017 22:08 pm UTC| Commentary

As was widely anticipated, the Bank of England kept its policy rate and bond program unchanged on Thursday. The Monetary Policy Committee was split with a 6-2 vote in its decision to keep the bank rate on hold. Two members...

Norwegian house prices drop again in July, housing market likely to continue easing in months ahead

Aug 03, 2017 21:45 pm UTC| Commentary

Norwegian house prices dropped again in July after falling in the prior month. House prices fell 0.2 percent sequentially on a seasonally adjusted basis after a drop of 0.7 percent in June. The cooling down of the...

U.S factory orders rebounds in June, rises 3 pct sequentially

Aug 03, 2017 21:23 pm UTC| Commentary

U.S. factory orders recovered in June following two straight monthly declines. Factory orders grew 3 percent sequentially in the month, consistent with consensus expectations of 3 percent. The durable goods side of this...

U.S. initial jobless claims drops in July end, nonfarm payrolls likely to have risen in July

Aug 03, 2017 20:57 pm UTC| Commentary

U.S. jobless claims continue to hint at a sound labor market, with slight to no change in the pace of separations for most of this year. The initial jobless claims for the week ended 29 July dropped by 5000 to 240,000,...