Brazilian economy to continue to shrink this year, likely to grow around 0.8 pct next year

Sep 22, 2016 06:20 am UTC| Commentary

Last year, the Brazilian economy contracted significantly and is not expected to be different in 2016, according to Commerzbank. The second quarter 2016 economic growth came in at -0.6 percent sequentially, while it...

Indonesian bonds trade mixed ahead of the BI policy decision

Sep 22, 2016 06:19 am UTC| Commentary

The Indonesian government bonds traded mixed Thursday ahead of Bank Indonesias monetary policy decision, which is scheduled to be released today at 09:00 GMT. The yield on the benchmark 10-year bonds, which moves...

India’s trade deficit shrinks in Q2, foreign exchange reserves rise

Sep 22, 2016 06:13 am UTC| Commentary Economy

Indias trade deficit shrank during the second quarter of this year, defying market expectations for the first surplus in nine years, as citizens abroad sent fewer remittances home. India posted a current account deficit...

New Zealand bonds strengthen as RBNZ hints at further easing, keeps policy rate steady

Sep 22, 2016 05:55 am UTC| Commentary

New Zealand government bonds closed higher Thursday after the Reserve Bank of New Zealand left its official cash rate unchanged at a record low of 2.00 percent. Also, the central bank in its monetary policy statement...

Canada July wholes sales rise for 4th straight month; OECD cuts Canada’s economic growth forecast

Sep 22, 2016 05:44 am UTC| Commentary Economy

Wholesale sales in Canada rose for the fourth straight month in July, largely in line with market expectations. However, the Organization for Economic Co-operation and Development (OECD) has slashed the economic growth...

Australian bonds rally after Fed downgrades economic outlook, keeps policy rate unchanged

Sep 22, 2016 05:24 am UTC| Commentary

The Australian government bonds rallied Thursday after the United States Federal Reserve downgraded its economic outlook and the Federal Open Market Committee left fed funds rate unchanged in a 0.25-0.50% range, in line...

U.S. Fed stands pat, likely to hike rates later this year

Sep 22, 2016 05:14 am UTC| Commentary Central Banks

As widely expected, the FOMC kept the Fed funds target rate at 0.25 percent-0.50 percent. However, a few analysts had anticipated a rate hike. Taking a look at the rate decision, there were three dissenters Rosengren,...