Yen Drops Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Wednesday. The yen fell to a 6-day low of 113.85 against the Swiss franc, from yesterday’s closing value of 113.78. Against the euro, the pound and the U.S. dollar, the yen dropped to 130.01, 142.48 and 110.77 from yesterday’s closing quotes of ...

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Australia Wages Gain 0.5% In Q2

Wage growth in Australia was stuck at a seasonally adjusted 0.5 percent on quarter in the second three months of 2017, the Australian Bureau of Statistics said on Wednesday. That was in line with expectations and unchanged from the previous three months. Private sector wages added 0.4 percent and public ...

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Australia Wages Climb 0.5% In Q2

Wage growth in Australia gained a seasonally adjusted 0.5 percent on quarter in the second three months of 2017, the Australian Bureau of Statistics said on Wednesday. That was in line with expectations and unchanged from the previous three months. “Low wages growth continued in the June quarter 2017, with ...

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Australia Leading Index Climbs 0.12% In July

The Australian economy picked up steam in July, the latest survey from Westpac Bank revealed on Wednesday. The bank’s leading index moved up 0.12 percent on month, the bank said. That follows the downwardly revised 0.15 percent decline in June (originally 0.14 percent). The material has been provided by InstaForex ...

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BRAZIL: Ibovespa Gives Up Gains As Fiscal Target Revision Looms

Ibovespa, the benchmark stock market index in Brazil, gave up earlier gains in the session and closed just 0.1% higher Tuesday, at 68,355.12 points, after the Brazilian government decided to hurry the release the new 2017 fiscal target. The decision fueled fears that the revised number may be larger than ...

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COLOMBIA: UN Concludes Farc Disarming Process

The United Nations Mission in Colombia announced the conclusion of the disarmament of the largest guerrilla group in the South American country. The UN Mission has collected all ammunition from 26 camps of the Revolutionary Armed Forces of Colombia (FARC) within the framework of a peace agreement with the Colombian ...

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Australia Leading Index On Tap For Wednesday

Australia will on Wednesday see July results for the Westpac Leading Index, highlighting a modest day for Asia-Pacific economic activity. In June, the index eased 0.1 percent on month. Australia also will see Q2 numbers for wage costs, with forecasts suggesting an increase of 0.5 percent on quarter and 1.9 ...

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GRUPO SURA: Profit Falls 50.5% In Q2 As Costs Increase

Colombia’s Grupo de Inversiones Suramericana reported a net profit of 231 million Colombian pesos (US$ 77.8 thousand) for the second quarter of 2017, down 50.5% on year as higher growth in expenses offset a revenue increase. Total revenues in the second quarter grew 18.3% from a year before, to 4.941 ...

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Zillow: 30-Year Fixed Mortgage Rates Lowest Since June

According to Zillow Mortgage, the rate on a 30-year fixed mortgage rate has dipped to 3.67 percent. That is a drop of three basis points from this time last week. The decline took mortgage rates to their lowest levels since late June, the real estate tracking film said. The move ...

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