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| As on Jul 24, 2017 12:00 AM |
Your results on : Currency News |
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| Japan's leading index, which measures the future economic activity, rose to 104.6 in May from 104.2 April, latest figures from the Cabinet Office showed Monday. The reading for May was revised down slightly from 104.7. Meanwhile, the coincident index that reflects the current economic activity fell to 115.8 in May from 117.1 in the prior month. The flash reading for May was 115.5. The lagging index declined to 116.4 in May from 117.1 in the preceding month. Powered by Commodity Insights |
| The International Monetary Fund maintained its global growth projections for this year and 2018 on Monday. Global output is forecast to grow by 3.5 percent in 2017 and 3.6 percent in 2018. The unchanged global growth projections mask somewhat different contributions at the country level, the IMF said in its World Economic Outlook Update. The growth forecast in the United States has been revised down to 2.1 percent from 2.3 percent in 2017 and to 2.1 percent from 2.5 percent in 2018. Meanwhile, China's growth projections have been revised up, reflecting a strong first quarter of 2017 and expectations of continued fiscal support. China's growth is expected to remain at 6.7 percent in 2017, the same level as in 2016, and to decline moderately to 6.4 percent in 2018. Powered by Commodity Insights |
| Japan manufacturing sector continued to expand in June, with an eight-month low manufacturing PMI score of 52.2, the latest survey from Nikkei revealed on Monday. That's down from 52.4 in June, although it remains well above the boom-or-bust line of 50 that separates expansion from contraction. Individually, the output index sank to 51.4, marking the weakest reading in 10 months. Export orders stagnated. Powered by Commodity Insights |
| UK public sector net borrowing, excluding interventions increased by GBP 2.0 billion from previous year to GBP 6.9 billion in June, data from the Office for National Statistics showed Friday. The expected level was GBP 4.9 billion. In the current financial year-to-date, PSNB grew by GBP 1.9 billion to GBP 22.8 billion. Powered by Commodity Insights |
| Pointing to continued growth in the US economy, the Conference Board released a report on Thursday showing a bigger than expected increase by its index of leading economic indicators. The Conference Board said its leading economic index rose by 0.6 percent in June. Philadelphia-area manufacturing activity grew at a notably slower rate in the month of July, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The Philly Fed said its index for current manufacturing activity in the region slumped to 19.5 in July from 27.6 in June. The US initial jobless claims fell to 233,000, a decrease of 15,000 from the previous week's revised level of 248,000. This was the lowest level in last four and half decades. Powered by Commodity Insights |
| The European Central Bank Governing Council, led by President Mario Draghi, kept all its three interest rates unchanged during the policy session in Frankfurt. The main refi rate was held at a record low zero percent and the deposit rate at -0.40 percent. The marginal lending facility rate was kept at 0.25 percent. The ECB left its massive stimulus unchanged for an eleventh straight month on Thursday and also left the forward guidance intact, thus retaining the downward bias on asset purchases. The bank retained its asset purchases of EUR 60 billion a month till December 2017, or beyond, if necessary. The size was reduced in March from EUR 80 billion. Powered by Commodity Insights |
| The Asian Development Bank (ADB) raised its developing Asia's growth outlook citing stronger-than-expected export demand. In its Asian Development Outlook, released Thursday, the bank upgraded developing Asia's growth outlook for 2017 to 5.9% from 5.7%. The projection for 2018 was also lifted slightly to 5.8% from 5.7%. Growth outlook for East Asia was revised upward to 6% in 2017 from 5.8% and for 2018 to 5.7% from 5.6%. Powered by Commodity Insights |
| UK retail sales grew 0.6 percent month-on-month in June, reversing a 1.1 percent fall in May, data from the Office for National Statistics revealed Thursday. Excluding auto fuel, retail sales climbed climbed 0.9 percent, in contrast to a 1.5 percent decrease in the previous month. On a yearly basis, retail sales growth accelerated to 2.9 percent in June from 0.9 percent a month ago. This was also faster than the expected 2.5 percent. Powered by Commodity Insights |
| Eurozone current account surplus increased to EUR 30.1 billion in May from 23.5 billion in April, data from the European Central Bank showed Thursday, largely driven by trade surplus and primary income. The surplus on goods trade rose to EUR 26.9 billion from EUR 25.2 billion a month ago. Meanwhile, the surplus on services trade decreased to EUR 2.6 billion from EUR 7.1 billion. Primary income climbed to EUR 11.4 billion in May from EUR 9.8 billion the previous month. At the same time, the deficit on secondary income narrowed to EUR 10.7 billion from EUR 18.6 billion. On an unadjusted basis, the current account surplus came in at EUR 18.3 billion versus EUR 22.8 billion in April. Powered by Commodity Insights |
| Japan merchandise trade surplus came in at 439.907 billion yen in June, down 35.9 percent on year the Ministry of Finance said on Thursday, following the 204.2 billion yen deficit in May. Exports were up 9.7 percent on year to 6.607 trillion yen, following the 14.9 percent jump in the previous month. Imports climbed an annual 15.5 percent to 6.167 trillion yen after gaining 17.8 percent a month earlier. Powered by Commodity Insights |
| Australia unemployment rate came in at a seasonally adjusted 5.6 percent in June, the Australian Bureau of Statistics said on Thursday, unchanged from the May reading following an upward revision from 5.5 percent. The Australian economy added 14,000 jobs in June, following the downwardly revised 38,000 in the previous month (originally 42,000). Powered by Commodity Insights |
| After reporting an unexpected decline in new residential construction in the US in the previous month, the Commerce Department released a report on Wednesday showing housing starts rebounded by more than expected in the month of June. The report said housing starts surged up by 8.3% to an annual rate of 1.215 million in June from the revised May estimate of 1.122 million. The bigger than expected increase in housing starts was partly due to a jump in multi-family starts, which spiked by 13.3 percent to a rate of 366,000 in June from 323,000 in May. Single-family starts also saw a notable increase during the month, climbing by 6.3 percent to a rate of 849,000 in June from 799,000 in May. The Commerce Department said building permits also jumped by 7.4 percent to a rate of 1.254 million in June from 1.168 million in May. Powered by Commodity Insights |
| Eurozone construction output fell 0.7 percent in May from April, when it rose 0.3 percent, data from Eurostat showed Wednesday. Civil engineering slid 0.9 percent and building construction dropped 0.6 percent in May. Year-on-year, construction output growth eased for the third straight month. Output rose 2.6 percent versus 3.3 percent a month ago. Powered by Commodity Insights |
| Eurozone house prices climbed 4.0 percent year-over-year in the first quarter, the same rate of increase as in the fourth quarter, which was revised down slightly from a 4.1 percent rise reported earlier, data from Eurostat showed Wednesday. However, the latest inflation still marked the strongest since the third quarter of 2007, when prices had risen 4.1 percent. On a quarterly basis, house price growth eased to 0.4 percent in the March quarter from 0.7 percent in the fourth quarter. In the EU28, house prices grew 4.5 percent annually in the first quarter and increased 0.7 percent from the fourth quarter. Powered by Commodity Insights |
| Australia leading index was down 0.14 percent in June after easing an upwardly revised 0.01 percent in May (originally -0.02 percent), the latest survey from Westpac Bank revealed on Wednesday. The index continued to show pessimism in June, and at a sharper rate. The figure remains negative, meaning that pessimists outnumber optimists. Powered by Commodity Insights |
| Homebuilder confidence in the US unexpectedly declined in the month of July, according to a report released by the National Association of Home Builders on Tuesday. The report said the NAHB/Wells Fargo Housing Market Index dropped to 64 in July from a revised 66 in June. Powered by Commodity Insights |
| German ZEW Indicator of Economic Sentiment fell to 17.5 in July from 18.6 in June, survey data from the Mannheim-based Centre for European Economic Research/ZEW revealed Tuesday. The score was forecast to drop to 18.0. The assessment of the current economic situation in Germany decreased by 1.6 points to 86.4 in July. Powered by Commodity Insights |
| UK consumer prices advanced 2.6 percent year-on-year in June, following a 2.9 percent rise in May, data from the Office for National Statistics showed Tuesday. Inflation was expected to remain unchanged at 2.9 percent. Core inflation that excludes energy, food, alcoholic beverages and tobacco slowed to 2.4 percent from 2.6 percent a month ago. The consumer prices index including owner occupiers' housing costs climbed 2.6 percent in June versus 2.7 percent in May. Month-on-month, overall consumer prices remained flat. Powered by Commodity Insights |
Activity in the New York manufacturing sector grew at a notably slower pace in the month of July, according to a report released by the Federal Reserve Bank of New York on Monday. The New York Fed said its general business conditions index dropped to 9.8 in July from 19.8 in June, although a positive reading still indicates growth. Powered by Commodity Insights |
| New Zealand consumer prices were flat on a seasonally adjusted, quarterly basis in the second three months of 2017, Statistics New Zealand said on Tuesday, following the 1.0 percent gain in the first quarter. On a yearly basis, consumer prices were up 1.7 percent, down from 2.2 percent. Powered by Commodity Insights |
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