A strong US job report clears the way for rate hike
Nov 06, 2015 15:40 pm UTC| Commentary
US employment re-accelerated in October after a two-month long lull. Nonfarm payrolls increased +271k, way above market expectations. The unemployment rate dropped to 5.0%. Especially encouraging from the Feds point of...
Canadian employment jumps 44K in October, thanks to election
Nov 06, 2015 15:32 pm UTC| Commentary
Employment jumped up sizeable 44K in October, thanks to hiring related to the Federal election. Job gains outpaced growth in the labour force, taking the unemployment rate down one tick to 7.0%. Public administration...
U.K. manufacturing outlook remains uncertain
Nov 06, 2015 13:37 pm UTC| Commentary
In United Kingdom, the industrial production fell in September after a downwardly revised rebound in August. Mining quarrying output (-4.9% m/m, -0.7pp contribution) was the major component of the industrial output,...
Euro area gas prices under pressure
Nov 06, 2015 13:24 pm UTC| Commentary
In Europe, gas prices are falling as are in the US. Relatively high stock levels and good supply volumes are caused the gas prices fall(TTF DA). The gas peices have reached to their lowest level since August 2014.The...
Corn production likely to fall in euro area
Nov 06, 2015 13:14 pm UTC| Commentary
In its latest forecast, the European Commission has dropped its expectation for the 2015 corn crop, harvesting of which is nearly complete, by 1 million to 57.4 million tons.Excepts a 6% lower acreage, the hot and dry...
Deposit rate cut would lead to inflation in euro area
Nov 06, 2015 13:06 pm UTC| Commentary
Another depo rate cut is expected from ECB in order to boost the economic activities in the euro area. The ECB is likely to decide in favor of a higher volume of open-ended purchases in early December but to keep its...
Gold price trades steady ahead of US October labor market data
Nov 06, 2015 11:30 am UTC| Commentary
US labor market data has been published today and gold price kept trading steadily ahead of it, at $1100 per troy ounce. The market pricing for a December hike is 56%, according to Fed Fund Futures. The gold ETFs that...
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