USA Gross Domestic Product Annualized
National Income and Product Accounts Gross Domestic Product: First Quarter 2017 (Second Estimate) Corporate Profits: First Quarter 2017 (Preliminary Estimate) Real gross domestic product (GDP) increased at an annual rate of 1.2 percent in the first quarter of 2017 (table 1), according to the "second" estimate released by the Bureau of Economic Anal...
Weekly Trading Forecast: Potent Event Risk Portends Volatility
Financial markets face a steady stream of heavy duty scheduled event risk that is likely to make for ample volatility across the asset spectrum in the week ahead. US Dollar Forecast: US Dollar Faces Trial By Fire as Top Tier Data Hits the Wires The US Dollar faces a challenging week ahead as a steady stream of top-tier economic data and lingering p...
Pound in Free Fall on Election Jitters
The free fall in the Pound is seen as a result of heightened uncertainty over the election in June. Latest YouGov poll published late on Thursday showed that 43% voters plan to vote for Prime Minister Theresa May's Conservative Party. That compares to the support for Labour Party at 38%. That is, just a mere 5% lead. Back in April when May announce...
Growth of US business activity gained a little momentum for a second successive month in May, but the upturn still looks somewhat underwhelming. At 53.9, up from 53.2 in April, the headline IHS Markit Flash U.S. Composite PMI Output Index pointed to the strongest upturn in private sector output since February. Historical comparisons of the PMI agai
Sweden's producer price inflation accelerated in April after easing in the previous two months, figures from Statistics Sweden showed Wednesday. Producer prices climbed 7.2 percent year-over-year in April, faster than the 6.5 percent increase in March. The measure has been rising since October last year. Prices on the export market and the import m
Austria's production index climbed in March from a year ago, figures from Statistics Austria showed Wednesday. The production index that combines output of both industry and construction, rose a working-day-adjusted 3.3 percent year-over-year in March. Construction output advanced 3.8 percent annually in March and industrial production grew by 3.1
Sweden's economic sentiment declined more-than-expected in May, after improving in the previous month, survey data from the National Institute of Economic Research showed Wednesday. The economic tendency indicator dropped to 111.0 in May from 112.6 in April. Economists had expected the index to fall to 111.6. Nonetheless, the reading still signals
Czech economic confidence weakened marginally in May after improving in the previous month, survey data from the Czech Statistical Office showed Wednesday. The economic sentiment indicator broadly unchanged in May. It edged down to 12.4 from 12.6 in April. At the same time, the consumer confidence index held steady at 6.0 in May. The survey reveale
Thailand's central bank left its key interest rate unchanged again in May, saying that the improved growth outlook was still subjected to risks that warranted close monitoring. The Monetary Policy Committee voted unanimously to maintain the policy rate at 1.50 percent, the Bank of Thailand said in a statement on Wednesday. The decision was in line
South Africa's consumer price inflation eased at a faster-than-expected rate in April to the lowest level in sixteen months, figures from Statistics South Africa showed Wednesday. The consumer price index climbed 5.3 percent year-over-year in April, slower than the 6.1 percent rise in March. Economists had expected the inflation to ease to 5.6 perc
The FCA’s investigation, known as Operation Cotton, led to eight convictions and this week’s orders mean a total of £2,195,496 will be confiscated from all eight defendants. The eight defendants are Scott Crawley, Brendan Daley, Daniel Forsyth, Adam Hawkins, Ricky Mitchie, Ross Peters, Aaron Petrou and Dale Walker. His Honour Judge Leonard QC has d
Spain's producer price inflation accelerated marginally in April, after easing in the previous two months, data from the statistical office INE showed Wednesday. Producer prices climbed 5.9 percent year-over-year in April, just above the 5.8 percent rise in March. Among components, energy prices grew the most by 15.7 percent annually in April. Excl
Finland's retail sales increased slightly in April, preliminary figures from Statistics Finland showed Wednesday. The retail sales value edged up 0.2 percent year-over-year in April. Similarly, the price-adjusted volume of retail sales rose by 0.4 percent. In daily consumer goods trade, sales climbed by 1.6 percent and the sales volume by 2.1 perce