Australian bonds rally on expectations of weaker Q1 growth; RBA’s policy decision awaited

Jun 06, 2017 03:26 am UTC| Commentary Economy

The Australian bonds rallied Tuesday, following expectations of a softer gross domestic product (GDP) of the country in the first quarter of this year and as investors wait to watch the Reserve Bank of Australias (RBA)...

ECB likely to keep policy rates on hold, euro to modestly depreciated against USD in months ahead

Jun 05, 2017 23:02 pm UTC| Commentary

The European Central Bank is scheduled to meet this week and is unlikely to change its three main policy rates, noted Wells Fargo in a research report. Furthermore, the central bank is expected to continue to purchase EUR...

China’s exports, imports likely to have continued expanding in May

Jun 05, 2017 23:01 pm UTC| Commentary

The May trade figures for China are set to come out on Wednesday. Recently, both exports and imports have risen sharply. In April, Chinas exports rose 8 percent year-on-year, whereas imports were up 11.9 percent...

Australian economic growth likely to have expanded soundly in Q1

Jun 05, 2017 23:00 pm UTC| Commentary

Australia is set to release its first quarter GDP data this week. The Australian economy had rebounded in the fourth quarter of last year, growing at an annualized rate of 4.4 percent. Both business and consumer spending...

Australian central bank likely to keep its cash target rate unchanged at 1.5 pct

Jun 05, 2017 22:59 pm UTC| Commentary

The Australian central bank, Reserve Bank of Australia, is unanimously expected to keep its cash target rate on hold at 1.5 percent tomorrow. A small pack of forecasters expects one or two rate cuts by the end of the year...

Global economic growth pace remains strong and stable in May

Jun 05, 2017 22:58 pm UTC| Commentary Economy

The pace of global economic growth continued to be strong and stable in May. Supporting the latest rise in output were stronger inflows of new orders, more rapid job creation, rising backlogs of work and improved business...

U.S. factory orders fall sequentially in April

Jun 05, 2017 22:57 pm UTC| Commentary

U.S. factory orders dropped 0.2 percent sequentially in April, coming in line with consensus expectations. However, the orders figure for March were upwardly revised, making the April report slightly better than...