German construction output stagnates in June; growth likely to slow ahead

Jul 06, 2016 09:50 am UTC| Commentary Economy

Germanys construction output has almost stagnated in June, based on the PMI data. The seasonally adjusted Purchasing Managers Index dropped to 50.4 in June from Mays 52.7. This hints at an additional slowdown in the pace...

Mexico’s inflation likely to have stayed at 2.6 pct in June; expected to accelerate in H2

Jul 06, 2016 09:46 am UTC| Commentary Economy

Mexicos inflation is expected to have remained unchanged in June from Mays level. The nations headline inflation is expected to have remained at 2.6 percent year-on-year in spite of bi-weekly inflation accelerating to 2.65...

Spain’s industrial production plunges in May, below market expectations

Jul 06, 2016 09:27 am UTC| Commentary Economy

Industrial production in Spain plunged during the month of May, remaining well below market expectations, as a drop in the production of capital goods and non-durable consumer goods weighed on overall output. Production...

Fed’s Williams signals rate hike in 2016, dismisses further Brexit risk

Jul 06, 2016 09:08 am UTC| Commentary Economy Central Banks

The Federal Reserve Bank of San Francisco President John Williams, during a telephonic interview, signaled a rate hike this year, dismissing any further risks that might emanatefrom Britains likely exit from the European...

Briferendum Aftermath Series

Briferendum Aftermath Series: Pound gets pounded as post-referendum cracks surface

Jul 06, 2016 08:57 am UTC| Commentary Economy

The British pound sterling curved a new 31 year low against the dollar today during the Asian trading hours as the pound dropped to 1.278, a low not seen since 1985. Investors are increasingly becoming nervous as...

BoE trims banks’ capital requirements as Brexit risk weighs deeper

Jul 06, 2016 07:52 am UTC| Central Banks Economy Commentary Insights & Views

The Bank of England has trimmed the capital requirements of commercial banks in its bi-annual Financial Stability report (FSR) published on Tuesday, in an attempt to waive off mounting Brexitrisks, post the June 23 UK...

German factory orders remain flat in May as demand declines

Jul 06, 2016 07:30 am UTC| Commentary Economy

German factory orders in May failed to strike a ray of hope as rising global uncertainty deterred demand for goods. Orders, adjusted for seasonal swings and inflation, were unchanged from April, when they fell a revised...