China’s headline inflation unchanged in June, authorities likely to keep USD/CNY around 6.8 for some time

Jul 10, 2017 22:20 pm UTC| Commentary Economy

Chinese consumer price inflation was unchanged in June. The headline figure came in at 1.5 percent year-on-year. But after seasonal adjustment, the countrys inflation rose just 0.14 percent sequentially in June, as...

New Zealand economic growth pickup to be modest, solid household income growth to support spending

Jul 10, 2017 22:17 pm UTC| Commentary

New Zealand economic growths momentum is rebounding from a lull over later-2016 to early-2017. The pickup would be modest, with the economy facing capacity restraints and late-cycle economic challenges, two of which are...

Turkey’s industrial production falls sequentially and rises year-on-year

Jul 10, 2017 19:04 pm UTC| Commentary

On a sequential basis, Turkish industrial production dropped 1.5 percent in May, whereas it grew 3.5 percent on a year-on-year basis, showed Statistics Turkey. Looking at the sub sectors, mining and quarrying index dropped...

USD/MYR likely to trade between 4.35 and 4.35 range in near term, says Commerzbank

Jul 10, 2017 18:43 pm UTC| Commentary Economy

Malaysian May trade figures continued to indicate towards a solid rebound. Exports in MYR terms rose sharply by 32 percent year-on-year while imports remained firm by rising 30 percent. Malaysias trade surplus alleviated...

Norway’s core inflation unchanged in June

Jul 10, 2017 16:57 pm UTC| Commentary

Norways core inflation came in more than Norges Banks forecast in June. Transitory factor has contributed to higher inflation. Norways core inflation came in at 1.6 percent year-on-year in June, unchanged from May....

U.S. financials sector records sharper growth in June

Jul 10, 2017 15:42 pm UTC| Commentary

The IHS Markit U.S. Sector PMI data showed that the U.S. financials sector recorded sharper growth in June. Financial services companys business activity grew at the most rapid rate since November 2016 after the election...

Commodities snapshot (precious & industrial)

Jul 10, 2017 11:54 am UTC| Commentary

The metal pack is down today. Performance this week at a glance in chart table - Gold: Gold is marginally higher today, after a big selloff last week. Todays range $1204-1215 In the short-term price is likely...