Germany ZEW economic sentiment indicator drops on looming global economic slowdown

Feb 17, 2016 08:26 am UTC| Commentary Economy

Expectations for the German economy for February have been considerably lowered by investors, although lower than expected by consensus forecasts. The latest ZEW sentiment indicator was 1, which is much lower than the...

South Korea’s service sector shows signs of easing

Feb 17, 2016 05:32 am UTC| Commentary Economy

South Korea registered seasonally adjusted jobless rate of 3.5% in January, on par with consensus expectation of 3.4% and Barclays forecast of 3.5%. The jobless rate for December has been revised up by 10bp to 3.5%. Job...

Singapore’s January non-oil domestic exports fall, external-oriented sectors likely to remain weak in 2016

Feb 17, 2016 05:09 am UTC| Commentary Economy

Singapores January non-oil domestic exports declined 9.9% y/y, as compared with a fall of 7.2% in December and lower than consensus expectations of a decline of 7.6% and Barclays forecast for a drop of 6.2%. On a monthly...

Latest market turbulences weigh on German investor sentiment

Feb 16, 2016 14:32 pm UTC| Commentary Economy

Data released earlier today Germany headline Economic Sentiment Indicator fell for the second month running, from +10.2 to +1.0, a slightly better than consensus for a +0.1 reading. Survey suggests that the recent turmoil...

China Crisis Series

Weak Jan China trade data highlights sluggish demand and growth momentum

Feb 15, 2016 14:32 pm UTC| Commentary Economy

Chinas trade balance for January 2016 came in at CNY 406.2bn vs +389.01bn expected, but details showed a collapse in exports/imports. Exports contracted by -11.2% y/y (Dec 2015: -1.4%), the largest decline since March...

Indonesia’s trade surplus raises the probability for another rate cut from BI

Feb 15, 2016 10:07 am UTC| Commentary Economy Central Banks

Indonesias January trade balance recorded a minor surplus of 50 million USD, as compared to market expectation of 241million USD deficit. However, the overall trade activity remains subdued as exports declined 20.7% y/y...

India’s WPI inflation declines on the back of low food inflation

Feb 15, 2016 09:24 am UTC| Commentary Economy

Indias January wholesale price inflation surprisingly declined, however, markets still expect it to turn positive in Q1. WPI inflation decreased to -0.9% y/y in January as compared to -0.7% y/y in December. The decline...