US service sector's business activity rises in June

Jul 07, 2016 09:28 am UTC| Commentary Economy

Business activity throughout the US service sector grew in June, assisted by rapid growth of new work since the beginning of 2016. But the momentum of growth continued to be subdued in comparison to its post-crisis trend...

FOMC meet's minutes signal delay in rate hike on labor market concerns

Jul 07, 2016 09:23 am UTC| Commentary Economy Central Banks

The minutes from the Federal Open Market Committee meeting held during June 14-15, signaled a delay in rate hike, on mounting concern over the countrys labor market, with the non-farm payrolls data in May, shocking...

Swedish CPI inflation likely to have accelerated in June

Jul 07, 2016 08:47 am UTC| Commentary Economy

The upcoming Swedish CPI data, which will be released on July 12, is likely to have recorded a rise in June. According to a Nordea Bank research report, the CPI inflation is expected to have accelerated 0.2 percent on...

Mexican consumer sentiment likely to have remained almost unchanged in June

Jul 07, 2016 08:18 am UTC| Commentary Economy

Mexicos consumer sentiment index is likely to have increased in June to 92.2 from Mays 90.9, noted Societe General in a research report. But on a seasonally adjusted basis, the sentiment index is expected to have remained...

Czech retail sales likely recovered in May on robust consumer spending

Jul 07, 2016 06:33 am UTC| Commentary Economy

Czech Republics retail sales are likely to have rebounded in May with the help of solid consumer spending. According to a Societe Generale research report, the nations retail sales are expected to have grown 7.7 percent...

Canada’s trade deficit remains fairly stable in May; exports expected to rebound in H2

Jul 07, 2016 06:31 am UTC| Commentary Economy

Canadas trade deficit remained quite stable in May at CAD 3.3 billion. The nation recorded a decline in exports of 0.7 percent, whereas imports dropped 0.8 percent. Real exports and imports dropped 2.3 percent and 0.9...

Australia’s construction sector rebounds in June, hits 10-month record high

Jul 07, 2016 05:59 am UTC| Commentary Economy

Australias construction sector rebounded in June, hitting a 10-month record high during the month, after having witnessed decline during the month of May. The expanding pace of construction came in two months after the...