Australian bonds jump on short-covering, modestly lower equities

Apr 06, 2017 03:36 am UTC| Commentary Economy

The Australian bonds jumped Thursday as investors covered previous short positions amid modestly lower equities that further lent support to the bond market. The yield on the benchmark 10-year Treasury note, which moves...

Malaysia's exports rise for fourth consecutive month, fastest growth since May 2010

Apr 05, 2017 15:37 pm UTC| Commentary

Data published by the International Trade and Industry Ministry on Wednesday showed Malaysias export growth hit a near seven-year high in February, driven by a jump in shipments of manufactured goods and...

South Africa's business confidence falls in March, further decline likely

Apr 05, 2017 15:16 pm UTC| Commentary

South Africas business confidence edged lower in March from February and was likely to decline further due to the rising political tension, a survey by South African Chamber of Commerce and Industry (SACCI) showed on...

Eurozone composite PMI index revised lower, still at 71-month high

Apr 05, 2017 14:51 pm UTC| Commentary

The final Markit Euro-zone PMI services sector index for March was revised lower to 56.0 from the flash reading of 56.5 and this was below expectations of an unchanged reading. The final composite reading was also revised...

German services growth accelerates further in March, adds to signs of strong Q1 growth

Apr 05, 2017 14:07 pm UTC| Commentary

Data released by IHS Markit on Wednesday showed that growth in Germanys services sector accelerated further in March. Markits German final services index rose to a 15-month high of 55.6 from 54.4 in February. Data added to...

UK services PMI beats expectations in March, offsets slowdown in construction and manufacturing

Apr 05, 2017 13:52 pm UTC| Commentary

The headline seasonally adjusted UK Markit/CIPS Services PMI Business Activity Index rose to 55.0 in March, up from 53.3 in the previous month. UK service sector growth hits three-month high in March supported by business...

API reports deficit while the market awaits EIA report

Apr 05, 2017 12:29 pm UTC| Commentary

WTI has been struggling to gain back lost grounds since its decline more than 9 percent afew weeks ago. $52 resistance area is proving to be crucial for the WTI as of now. As expected the oil price formed a base around $46...