Brazil’s credit demand growth likely to remain weak in medium term

Sep 28, 2016 05:37 am UTC| Commentary

The outstanding credit of Brazil has dropped every month in 2016 except in May. Therefore, the credit/GDP ratio has dropped sharply to 51.4 percent in 2016 from the peak of 54.5 percent in 2015. It still continues to fall....

China’s consumer sentiment recovers in September, still below long-run average

Sep 28, 2016 05:22 am UTC| Commentary Economy

Chinas consumer sentiment recovered during the month of September, although remaining well below the long-run average of 120, but is slightly above the average read over the last 12 months. The Westpac MNI China...

U.S. service sector activity rises at faster rate, but new business grows modestly

Sep 28, 2016 05:12 am UTC| Commentary

The pace of growth in U.S. service providers business activity picked up for the first time in three months in September; however, it continued to stay relatively modest. Seasonally adjusted, the Markit Flash U.S. Services...

U.S. consumers upbeat about short-term employment outlook, expect moderate economic growth in coming months

Sep 28, 2016 04:27 am UTC| Commentary Economy

The U.S. consumer confidence, gauged by the Conference Board, improved further in September after rising in August. The index rose strongly to 104.1 in September from 101.8 in August. This is significantly more than...

Australian bonds rise modestly in quiet trade; RBA policy decision in focus

Sep 28, 2016 04:23 am UTC| Commentary

The Australian government bonds were pushed modestly higher on Wednesday, alongside weakness in the equity market during a relatively quiet session that witnessed data of little significance. Also, we foresee that the...

Asian markets in red ahead of Fed Chair Yellen’s testifies, gold and silver down

Sep 28, 2016 03:09 am UTC| Commentary

Asian indices were trading on a lower note on Wednesday. The big event for the day is Fed Chair Yellens testifies. Markets scrutinize her public engagements as they are often used to drop subtle clues regarding future...

Chart of the Day Series

Chart of the Day: German QE eligible bond universe shrinks

Sep 27, 2016 16:05 pm UTC| Commentary

The European Central Bank (ECB) would have to address the bund issue soon enough. The quantityof eligible bunds for purchase under ECBs QE dropped to anew low of Euro 285 billion. ECB would have to reduce rates again to...