Chinese 10-year bond yields hit highest since November last year on hopes of stronger inflation data

Dec 07, 2016 06:54 am UTC| Commentary

The Chinese 10-year bond yields hit highest since November last year Wednesday on hopes of stronger inflation data. Also, as inflation is likely to rebound, we foresee that the PBoCs monetary policy will remain neutral in...

Sharp rise in business activity leads to Asian sectoral growth, transportation remains worst performer

Dec 07, 2016 06:38 am UTC| Commentary Economy

Strong performance in business activity led to sectoral growth in the Asian economies, with General Industrial registering the sharpest improvement in business activity of all the monitored sectors to place top of the...

U.S. productivity grows strongly in sequential terms in Q3

Dec 07, 2016 06:17 am UTC| Commentary

Productivity in the U.S. grew strongly in the third quarter after declining for three continuous quarters. Nonfarm business output per hour rose 3.1 percent sequentially, unrevised from its initial estimate. Consensus...

Australia’s economic growth surprisingly weakens in Q3, RBA likely to retain easing bias

Dec 07, 2016 06:16 am UTC| Commentary

Australias economic growth for the third quarter came in surprisingly much weaker than market expectations. On a sequential basis, the Australian economy shrank 0.5 percent in the third quarter. On a year-on-year basis,...

Canada’s trade deficit contracts in October, but international trade unlikely to contribute to Q4 GDP growth

Dec 07, 2016 06:12 am UTC| Commentary

Canadas trade deficit contracted in October from the prior month. The deficit narrowed from a record CAD 4.4 billion in September to CAD 1.1 billion in October. Nominal imports fell 6.4 percent because of a 6.2 percent...

U.S. trade deficit widens to 4-month high in October, likely to weigh on Q4 growth

Dec 07, 2016 06:11 am UTC| Commentary Economy

Trade deficit in the United States widened to a 4-month high during October, following drop in exports of soybeans and as residents raised their imports of consumer goods. The U.S. trade grew to USD42.6 billion from the...

New Zealand bonds close modestly higher despite fourth successive rise in GDT auction prices

Dec 07, 2016 05:30 am UTC| Commentary

The New Zealand government bonds closed modestly higher on Wednesday, despite global dairy prices rising to its highest level since June 2014 at the overnight Global Dairy Trade (GDT) auction as demand remained...