Indonesian bonds gain on hopes of central bank easing, deflationary pressures continue

Sep 19, 2016 05:37 am UTC| Commentary

The Indonesian government bonds gained Monday as investors expect that the Bank Indonesia will lower its key interest rate by 25 basis points to a record low of 5 percent. The yield on the benchmark 10-year bonds, which...

HIBOR reaches highest level since January spike

Sep 19, 2016 05:35 am UTC| Commentary

CNH-HIBOR (Hong Kong Interbank Offered Rate) that is used in Hong Kong for offshore Yuan lending has reached its second highest point on record after Januarywhen the lending rate touched an all-time high around 67 percent....

New Zealand services PMI jumps in August, RBNZ policy decision in focus

Sep 19, 2016 05:35 am UTC| Commentary Economy

The services sector of New Zealand, which accounts for about two-thirds of the economy showed improvement during the month of August, with all five sub-indices and geographic areas improving and above the 50-point mark...

U.S. CPI inflation better than expected in August, Fed likely to hike rates later this year

Sep 19, 2016 05:01 am UTC| Commentary

U.S. consumer price index inflation came in better-than-expected in August. It rose 0.2 percent in sequential terms, as compared with consensus expectations of 0.1 percent. Increase in healthcare costs and rents countered...

Bank Indonesia likely to ease monetary policy as deflationary pressures still exist

Sep 19, 2016 04:58 am UTC| Commentary Economy Central Banks

Bank Indonesia is expected to lower its benchmark interest rate further as the current stage of persisting deflation opens door to a series of rate cuts in the near term. Further, deflationary pressure persists in the...

New Zealand’s consumer confidence ticks higher in Q3, remains below the long-run average

Sep 19, 2016 04:16 am UTC| Commentary Economy

Consumer confidence in New Zealand ticked higher during the third quarter, according to results revealed by a private survey. However, the index remained well below the series long-run average, as citizens remain concerned...

Canada’s manufacturing sales rise in July, likely to remain strong in months ahead

Sep 19, 2016 04:15 am UTC| Commentary

Canadas manufacturing sales rose in July after a severe jump in June. The gain in July was mainly due to increased sales of primary metals, food products and petroleum and coal products. Manufacturing sales increased 0.1...