U.S. Fed likely to cut interest rate by 25 bps in July

Jul 03, 2019 19:52 pm UTC| Commentary

In spite of the recent easing of tensions in the U.S.-China trade war, there are signs of weakness in the economy along with continued sub-target inflation point to a 25 basis point interest rate cut during the upcoming...

Canadian job growth likely eased in June, jobless rate to have stayed at 5.4 pct

Jul 03, 2019 18:50 pm UTC| Commentary

Canadian employment data for the month of June is set to release this week. According to a TD Economics research report, the labor market is likely to have shifted into a lower gear with job growth of 5k in June, which...

U.S. service sector’s business activity sees marginal growth in June, PMI index rises to 51.5

Jul 03, 2019 17:02 pm UTC| Commentary

U.S. service sectors business activity saw a marginal rise in June. The seasonally adjusted final IHS Markit Service Business Activity Index rose to 51.5 in June from Mays 50.9. The latest index figure hinted at a strong...

Canadian international trade records surplus in May, GDP likely to grow 2.5 pct in Q2

Jul 03, 2019 15:27 pm UTC| Commentary

Canadian international trade recorded a surplus in the month of May after recording a deficit in the prior month. The nation saw a trade surplus of CAD 0.76 billion, following an upwardly revised deficit of CAD 1.1 billion...

Euro area service sector activity grows strongly in June, PMI index rises to 53.6

Jul 03, 2019 14:09 pm UTC| Commentary

The euro area service sector activity grew strongly in June. The IHS Markit Eurozone PMI Services Business Activity Index rose to 53.6 in the month from Mays 52.9. The index indicated the strongest growth of activity since...

US ADP Report: Weakness persists in U.S. labor market

Jul 03, 2019 13:14 pm UTC| Commentary

Today ADP employment numbers were released from US for the month of June. ADP number shows the US labor markets might be signaling some stress though the report has been quite volatile lately. There are two things...

Riksbank keeps policy interest rate on hold, likely to hike in February 2020

Jul 03, 2019 12:26 pm UTC| Commentary Central Banks

The Riksbank kept the policy rate on hold at -0.25 percent today and the rate path was unchanged. The central bank will purchase government bonds as stated in April. The decision to keep the rates on hold was in line with...