A painful global economy slowdown would be a reality if trade war does not resolve

Oct 29, 2019 05:00 am UTC| Economy Commentary

The global economy is at risk of bumping into a painful deeper economic slowdown as the U.S.-China trade fight dragged the worlds growth engine, trade, to a near halt, pushing the IMF to cut forecast for 2019 and 2020...

U.S. Treasuries plunge ahead of FOMC meeting, host of 3-tier economic data

Oct 28, 2019 14:05 pm UTC| Commentary Economy

The U.S. Treasuries plunged during Mondays evening session as investors await the conclusion of the latest FOMC meeting on Wednesday, where the central bank is highly expected to adopt a 25bp interest rate cut, market...

Bank Indonesia likely to continue to cut policy rate by 50 bps in next two quarters to underpin growth

Oct 28, 2019 13:42 pm UTC| Commentary

Bank Indonesia had lowered its key interest rate last week. The central bank cut the 7-day reverse repo rate by 25 basis points to 5 percent, its fourth straight cut. BI has wound down 100 basis points of the 175 basis...

Bank of Korea likely to lower 2019 GDP growth projection in November meeting

Oct 28, 2019 13:07 pm UTC| Commentary

The South Korean third quarter economic growth decelerated to 0.4 percent on a quarter-on-quarter basis. The print implies that there is a considerable risk that the Bank of Korea will have to revise its growth projection...

UK gilts mixed after EU extends Brexit deadline until Jan 31; October manufacturing PMI eyed

Oct 28, 2019 12:19 pm UTC| Commentary Economy

The United Kingdoms gilts remained narrowly mixed during European trading hours Monday after the European Union extended the Brexit deadline until January 31, 2020, with possibilities of an earlier exit if the UK...

German import price index falls in September

Oct 28, 2019 12:15 pm UTC| Commentary

The German import price index dropped in the month of September. According to the Federal Statistical Office (Destatis), the index of import prices dropped 2.5 percent year-on-year, as compared with Augusts print of -2.7...

Swedish net trade records surplus of SEK 2 billion in September

Oct 28, 2019 11:51 am UTC| Commentary

Swedish net trade balance came in at a surplus in the month of September. According to Statistics Sweden, foreign trade in goods came in at a surplus of SEK 2 billion, as compared with the trade surplus of SEK 1.8 billion...