U.S. industrial production grows above expectations in June on rise in mining production

Jul 14, 2017 19:49 pm UTC| Commentary

U.S. industrial production grew above expectations in June. In sequential terms, industrial production rose 0.4 percent, as compared with consensus expectations of a rise of 0.3 percent. The rise was mainly driven by the...

U.S. retail sales disappoints in June, consumption seems to slowdown closer to 2 pct mark

Jul 14, 2017 17:50 pm UTC| Commentary

The advance Census Bureau report showed that U.S. retail sales dropped 0.2 percent in June, below consensus expectations of a rise of 0.1 percent. Mays sales were upwardly revised to a drop of 0.1 percent from 0.3 percent....

U.S. June headline inflation unchanged sequentially, posts moderate print year-on-year

Jul 14, 2017 15:57 pm UTC| Commentary

The headline consumer price inflation in the U.S. was unchanged at 0 percent in sequential terms in June. This was below market expectations of 0.1 percent. Energy prices dropped 1.6 percent in the month and food prices...

Asian markets mixed, gold stable at $1,216

Jul 14, 2017 04:37 am UTC| Commentary

All the major Asian indices were trading on a mixed note on Friday. Gold was trading around $1,223 mark while silver was trading around $15.93 mark. Japans Nikkei was trading 0.12 pct higher at 20,124.35 points. Hong...

South Korea’s import price index falls sequentially in June, export price index remains unchanged

Jul 13, 2017 23:03 pm UTC| Commentary

The South Korean export price index remained unchanged in June from the previous month, said the Bank of Korea in a statement. The index rose 4.9 percent in the last 12 months after rising 5.1 percent year-on-year in May....

Business NZ PMI drops slightly in June, but remains at healthy level

Jul 13, 2017 23:02 pm UTC| Commentary

The BNZ BusinessNZ Performance of Manufacturing Index (PMI) showed that New Zealands manufacturing sector has recorded growth at the levels seen in over the last three months. The seasonally adjusted PMI for June came in...

NZD/USD likely to trade around 0.70 by end-2017, says Lloyds Bank

Jul 13, 2017 22:52 pm UTC| Commentary

The New Zealand dollar has been consolidating near its range highs against the U.S. dollar at around 0.73 in the last month. The stable risk environment, upward revisions to the medium-term milk price outlook by Fonterra...