Philippine headline inflation accelerates in May on increased food prices, to average 2.9 pct in 2019

Jun 05, 2019 07:20 am UTC| Commentary

Philippine headline inflation accelerates in May, mainly due to increased food costs. On a year-on-year basis, the consumer price inflation accelerated to 3.2 percent from 3 percent seen in the prior month. The annual rate...

Oil in Global Economy Series: Survey suggests OPEC oil production stabilizing

Jun 05, 2019 07:14 am UTC| Commentary

A survey by Reuters suggests that the production is no longer declining fast and somewhat stabilizing around 30 million barrels per day. According to the survey, the production s down just 60,000 barrels in May, after...

Australia’s Q1 GDP growth picks up slightly to 0.4 pct q/q, annually slows down to 1.8 pct

Jun 05, 2019 06:24 am UTC| Commentary Economy

Australias gross domestic product (GDP) for the first quarter of this year picked up a little in Q1 to 0.4 percent q/q, although annual growth continued to slow and is now down to 1.8 percent, its slowest pace since 2009...

FxWirePro: The Day Ahead- 5th June 2019

Jun 05, 2019 05:31 am UTC| Commentary

Not many economic data and events scheduled for today, but some with high volatility risks associated. Data released so far: Australia: Q1 GDP up 0.4 percent q/q, up 1.8 percent from a year ago. China: Caixin...

Australian bonds gain as Q1 GDP growth disappoints; RBA likely to cut more by end-2019

Jun 05, 2019 04:14 am UTC| Commentary Economy

Australian government bonds gained during early Asian session Wednesday after first quarter gross domestic product (GDP) growth came weaker-than-expected, confirming the dovish stance taken by RBA Governor Phil Lowe. On...

U.K. construction firms record decline in May, sharpest since March 2018

Jun 04, 2019 16:25 pm UTC| Commentary

Construction firms in the U.K. indicated a renewed fall in total business activity in May. The headline seasonally adjusted IHS Markit/CIPS U.K. Construction Total Activity Index dropped to 48.6 in May from Aprils 50.5....

U.S. vehicle sales recover in May

Jun 04, 2019 14:46 pm UTC| Commentary

U.S. vehicles sales recovered in May after a disappointing April. Vehicles sales rose 17.4 million units, comfortably surpassing market expectations of 16.9 million units. On a sequential basis, vehicle sales rose 1.2...