Australian bonds gain tracking firm U.S. Treasuries; investors eye May employment report

Jun 13, 2017 05:08 am UTC| Commentary Economy

The Australian bonds gained Tuesday tracking firmness in the U.S. Treasuries and as investors wait to watch the countrys employment report for the month of May, scheduled to be released on June 15. Also, market...

Australian economy likely to have added 10,000 jobs in May

Jun 12, 2017 23:04 pm UTC| Commentary

The data released last week indicated that the Australian economy grew at an annualized rate of 1.7 percent in the first quarter. Even with subdued growth, the labor market added 37,400 jobs in April. Most of the...

Central Banking Series

Bank of England likely to keep policy rate unchanged in June

Jun 12, 2017 23:03 pm UTC| Commentary

The Bank of England is set to meet this week for monetary policy meeting. According to a Wells Fargo research report, the central bank is expected to stand pat this week. In May, the BoE had voted 7-1 to keep the main...

Hungarian economy likely to expand 3.7 pct in 2017, internal demand to major drive growth

Jun 12, 2017 23:02 pm UTC| Commentary

The Hungarian economy is likely to be majorly driven by internal demand in 2017. In the first quarter of this year, the GDP growth expanded to 4.2 percent year-on-year. Investments rose 28.4 percent, strongly aided by low...

Central Banking Series

Bank of Japan likely to keep policy rate unchanged in June

Jun 12, 2017 23:01 pm UTC| Commentary

The Japanese central bank, Bank of Japan, is set to hold its monetary policy meeting this week. According to a DBS Bank research report, the central bank is likely to stand pat, maintaining its policy rate at -0.1 percent...

China’s industrial production growth likely slowed further in May

Jun 12, 2017 22:33 pm UTC| Commentary

In April, Chinas industrial production came below expectations, growing only 6.5 percent on a year-on-year basis, falling from Marchs 7.6 percent. The deceleration in production was because of weakness in overseas demand...

U.S. housing starts likely to have bounced back in May

Jun 12, 2017 21:07 pm UTC| Commentary

In April, the U.S. housing starts had dropped 2.6 percent to an annualized rate of 1.172 million units, coming in opposite to the consensus expectations of a modest rise. Multifamily starts dropped 9.2 percent, accounting...