German headline inflation accelerates on higher energy prices in January, core rate eases

Jan 30, 2020 14:13 pm UTC| Commentary

The German headline inflation accelerated in January to 1.7 percent from Decembers 1.5 percent, in line with consensus expectations. A 3.4 percent rise in energy prices mainly drove the headline rate. On the contrary, the...

Bank of England keeps interest rate on hold at 0.75 pct

Jan 30, 2020 13:50 pm UTC| Commentary Central Banks

The Bank of England kept the Bank Rate on hold today at 0.75 percent, while two MPC members voted in favour of a rate cut. The rate guidance suggests downside risk to the Bank rate short term, noted DNB Markets in a...

Norwegian retail sales fall in December, consumer demand likely to be softer in 2020

Jan 30, 2020 12:35 pm UTC| Commentary

Norwegian retail sales dropped 0.2 percent in December, adjusted for normal seasonal variations. Consensus expectations was for a fall of 0.6 percent. On a year-on-year basis, retail sales dropped 0.6 percent, where as it...

U.S. Treasuries gain ahead of Q4 GDP, weekly initial jobless claims

Jan 30, 2020 11:47 am UTC| Commentary Economy

The U.S. Treasuries gained during Thursdays afternoon session ahead of the countrys gross domestic product (GDP) for the fourth quarter of this year, due to be delivered today by 13:30GMT, in addition to the weekly initial...

German bunds surge on cheerful January unemployment change; eurozone CPI in focus

Jan 30, 2020 10:53 am UTC| Commentary Economy

The German bunds surged during European trading session Thursday after the countrys unemployment change for the month of January made investors cheerful ahead of the eurozones consumer price inflation (CPI) for the similar...

Novel coronavirus likely to drag China’s Q1 GDP lower to 5 pct, says ANZ Research

Jan 30, 2020 09:04 am UTC| Commentary Economy

Chinas novel coronavirus is expected to drag the countrys gross domestic product (GDP) for the first quarter of this year lower to 5 percent, according to the latest report from ANZ Research. The novel coronavirus...

Fed’s dovish stance likely to prop up EM Asian currencies when 2019-nCoV outbreak shows signs of stabilization, says Scotiabank

Jan 30, 2020 06:46 am UTC| Commentary Economy

The Federal Reserves dovish stance is expected to prop up EM Asian currencies when the 2019-nCoV outbreak shows signs of stabilization in the next one to two weeks, according to the latest research report from...