Euro’s Recovery Might be Cut Short by Weak PMIs and Cautious ECB
European majors are trading generally higher today as Eurozone will take the center of stage. There are worries of deeper and longer than expected slowdown in the Eurozone economy. PMIs from Germany, France and Eurozone will provide some hints on...
Banks need to challenge fintechs by playing the same game
For many large banks, the greatest challenge they face is how to unshackle themselves from their legacy infrastructure and move forward using new, customer-centric technology. In a new report titled ‘Time to start again’, consultants Oliver Wyman explain that the...
Australian Employment Had a Solid End to 2018
December Labour Force Survey. Employment 21.6k, unemployment 5.0%, participation 65.6%. Total employment printed a solid 21.6k gain in December which was in line with market expectations for +20k. This has locked in a solid trend pace of growth with a...
Chinese tourists are spending less on shopping, survey finds
Chinese tourists are starting to spend more on experiences rather than on things. As luxury brands and retailers globally gear up for millions of tourists during China’s upcoming Lunar New Year holiday, a survey released Thursday indicated that consumers in...
European Central Bank To Keep Policy Unchanged As Uncertainty Rises
The US dollar is weaker against major pairs on Wednesday. The prolonged government shutdown and lack of clarity on trade talks put downward pressure on the greenback while investors sought higher yields as risk appetite was back in action. The...