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News

U.S. Home Sales climb to a highest in a decade

Sales of new single-family houses in October 2017 were at a seasonally adjusted annual rate of 685,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 6.2 percent…

UK launches plan for industry as Brexit looms, wins Merck investment

The British government launched a new strategy for industry on Monday, aiming to intervene in key sectors to tackle weak productivity and bolster businesses to counter any new problems caused by Brexit. Prime Minister Theresa May first flagged the plan…

Euro little changed in a quite Monday trade

There were no data releases from Eurozone on Monday. Euro surged this morning still supported by rather good German Business Confidence released on Friday, however, pair found plenty of resistance above 1.1950 area and pulled back slighlty. The drama in…

Australia’s foreign policy white paper

The White Paper makes clear that the most significant of these challenges stems from the two major powers in our region — the United States and China — and the relationship between them. Few will be surprised by Australia’s view…

USD - Major events in the week ahead

Events that marked the week: On Tuesday Existing Home Sales figures were released. Total existing-home sales which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 2.0 percent to a seasonally adjusted annual rate of 5.48 million…

Ten days to crack Brexit deal, EU tells May

The European Union handed Prime Minister Theresa May a 10-day “absolute deadline” to improve her Brexit divorce offer or face failure in persuading EU leaders to open trade talks with Britain at a December summit. Without a deal next month,…

US Manufacturing PMI down to 53.8

November data pointed to another solid increase in U.S. private sector output, supported by sustained growth in both manufacturing and services activity. At 54.6, the seasonally adjusted IHS Markit Flash U.S. Composite PMI Output Index was above the 50.0 no-change…

German Business Climate rose to 117.5

Sentiment among German businesses is very strong. The ifo Business Climate Index rose to a new record high of 117.5 points in November from 116.8 (Seasonally adjusted.) points in October. This was due to far more optimistic business expectations. Companies’…

CBI Realized Sales survey showed balance of +26%

According to the latest CBI survey 39% of respondents reported that sales volumes were up on a year ago in November, while 13% said they were down, giving a balance of +26%. Retailers expect sales volumes to pick up again…

UK GDP up by 0.4% in Q3

UK gross domestic product (GDP) in volume terms was estimated to have increased by 0.4% between Quarter 2 (Apr to June) and Quarter 3 (July to Sept) 2017, unrevised from the preliminary estimate of GDP. Services remained the strongest contributor…

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