BoK business survey index drops marginally in May, business outlook conditions index rises

May 30, 2017 23:14 pm UTC| Commentary

The Bank of Korea Business Survey Index on business conditions in the manufacturing sector dropped marginally in May from April. The index fell one point to 82. However, the index for the outlook remained the same at 84....

Swedish economic growth undershoots expectations in Q1, Riksbank to remain dovish in near future

May 30, 2017 23:13 pm UTC| Commentary

The Swedish economy expanded below the consensus expectations in the first quarter of this year. The GDP grew just 0.4 percent on a sequential basis, whereas it rose 2.2 percent on a year-on-year basis. Riksbank had...

Personal income and spending rises strongly in April, affirms strong recovery in Q2

May 30, 2017 23:12 pm UTC| Commentary

Personal income and spending in the U.S. both rose in the month of April, coming in line with the consensus expectations. Personal income and spending both were up 0.4 percent sequentially. In real terms, personal spending...

Risks to New Zealand’s financial system eased since November, says RBNZ

May 30, 2017 23:10 pm UTC| Commentary Economy

The Reserve Bank of New Zealand stated again that continues to believe that the financial system is sound and operating effectively. However, the central bank has some worries. Particularly, the three main risks are...

U.S. home prices continue to accelerate in March, likely to rise at stable pace this year

May 30, 2017 16:48 pm UTC| Commentary

Home prices in the U.S. continued to accelerate in March. The SP CoreLogic Case Shiller National Home Price Index was up 0.9 percent on a sequential basis in March, coming in line with consensus expectations. On a...

U.S. consumer sentiment drops modestly in May, likely to drop further

May 30, 2017 16:21 pm UTC| Commentary

The U.S. Conference Boards index of consumer sentiment dropped more than anticipated in May. The consumer confidence index dropped to 117.9 in May, whereas Aprils figure was downwardly revised to 119.4 from 120.3....

Commodities snapshot (precious & industrial)

May 30, 2017 14:09 pm UTC| Commentary

The metal pack is down today. Performance this week at a glance in chart table - Gold: Gold is trading sideways, looking for further direction cue. Todays range $1270-1269 We expect the gold price to reach...