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Wage Price Index rose by 0.6%

The seasonally adjusted Wage Price Index (WPI) rose 0.6 per cent in December quarter 2017 according to figures released today by the Australian Bureau of Statistics (ABS). The WPI rose 2.1 per cent through the year seasonally adjusted to December…

CBI Industrial Orders Expectations showed balance of +10%

According to the latest CBI survey 30% of manufacturers reported total order books to be above normal, and 20% said they were below normal, giving a balance of +10% - above the negative long-run average of -14%. 22% of firms…

ZEW Economic Sentiment for Germany decreased to 17.8

The ZEW Indicator of Economic Sentiment for Germany recorded a decrease of 2.6 points in February 2018 and currently stands at 17.8 points. The indicator thus still remains slightly below the long-term average of 23.7 points. The assessment of the…

German PPI increased by 0.5%

In January 2018 the index of producer prices for industrial products rose by 2.1 compared with the corresponding month of the preceding year. In December 2017 the annual rate of change all over had been 2.3%, as reported by the…

RBA does not indicate change in monetary policy

Early morning session brought RBA Meeting Minutes. Over 2017, progress had been made in reducing the unemployment rate and bringing inflation closer to target. The low level of interest rates was continuing to play a role in achieving this outcome.…

Average UK property price rise to over £300,000

The average price of a UK property coming on to the market has risen by more than £2,400 in a month to just over £300,000 amid evidence of “record” levels of house-hunting activity, according to Rightmove. The website, which tracks…

Eurozone Current Account recorded surplus of €29.9 billion

The current account of the euro area recorded a surplus of €29.9 billion in December 2017. This reflected surpluses for goods (€30.9 billion), services (€7.3 billion) and primary income (€3.7 billion), which were partly offset by a deficit for secondary…

Home prices across Australia continue to fall

While Australian auction clearance rates appear to be rebounding, led by a noticeable improvement in Sydney, that’s yet to have a meaningful impact on prices which continued to fall last week. According to CoreLogic, the prices across Australia’s five mainland…

Spanish Finance Minister Backed for Leading ECB Job

Finance ministers from the 19-country eurozone on Monday endorsed Spain's Luis de Guindos for the coveted post of European Central Bank vice president, after Ireland withdrew the only other candidate. European Union leaders are expected to anoint de Guindos at…

USD - Major events in the week ahead

Events that marked the week: Wednesday brought CPI and Retail Sales figures. The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.5 percent in January on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over…

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