Financial News

National Bank of Hungary likely to keep policy rate unchanged in August

The Hungarian central bank, National Bank of Hungary, is set to meet next week for its policy decision. According to a Barclays research report, the National Bank of Hungary is expected to keep the deposit rate on hold at 90 basis point.

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PBoC likely to maintain neutral and prudent monetary stance - Barclays

In spite of the widespread moderation in China’s activity data in July, the economic growth is expected to meet this year’s target rate of 6.8 percent in the existing policy environment, according to a Barclays research report.

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U.S. residential investment likely to be supportive to GDP growth in Q3

The modest rise in U.S. new home sales in June was encouraging, rising 0.8 percent to 610,000 unit rate. However, revisions to earlier months removed 27,000 sales that dulled the June reading.

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Japanese economic growth likely to slow in Q3, core CPI to strengthen to 0.8 pct in September

The Japanese economic growth surprised to the upside in the second quarter and seems set to remain at or above potential in the coming quarters. But, inflation lags might not narrow until the second half of 2018.

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Americas Roundup: Dollar falls on uncertainty but ends week with modest gain, Wall Street ends down, Spot gold largely flat for the week, Oil jumps 3 pct as U.S. rig count drops-August 19th,2017

Market Roundup

• US U Mich Sentiment Prelim Aug 97.6, 94.0 forecast, 93.4 previous.

• US U Mich Conditions Prelim Aug 111.0, 113.3 forecast, 113.4 previous.

• US U Mich Expectations Prelim Aug 89.0, 81.0 forecast, 80.5 previous.

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