New Zealand bonds close marginally weaker on Fed members’ hawkish remarks

Aug 22, 2016 06:05 am UTC| Commentary

The New Zealand bonds closed marginally weaker Monday as investors drove out from safe-haven buying after US Fed rate hike speculation gathered steam following hawkish comments from the Fed policymakers. The yield on...

Russian economic output continues to shrink, solid recovery likely in late H2 2016

Aug 22, 2016 05:56 am UTC| Commentary Economy

Economic output of Russia continues to contract; however, macro indicators suggest that growth is attempting to secure a footing around zero, noted Danske Bank in a research report. The second quarter preliminary economic...

Canada’s retail sales disappoint in June; consumer spending likely to recover in Q3

Aug 22, 2016 05:31 am UTC| Commentary

Canadas retail sales dropped 0.1 percent in sequential terms in June, after a downwardly revised flat print in May. Junes headline print completely missed the mark, coming in considerably lower than the consensus...

Canada’s inflation eases in July; BoC may need to keep current low rate setting in place until 2018

Aug 22, 2016 05:31 am UTC| Commentary

Canadas inflation eased a bit in July to 1.3 percent year-on-year from Junes 1.5 percent as Canadians paid less for fuel. Excluding the impacts of the most volatile price categories, the Bank of Canadas core inflation...

Private consumption, public spending likely to trigger India’s growth this year

Aug 22, 2016 05:28 am UTC| Commentary

Indias growth this year is likely to be primarily driven by private consumption and to a lesser extent public spending, while private sector activity is yet to recover. Investment spending fell 1.9 percent y/y in 1Q16,...

Australian bonds slump on hawkish comments from Federal Reserve officials

Aug 22, 2016 05:24 am UTC| Commentary

The Australian government bonds slumped Monday, following hawkish remarks made by the Federal Reserve officials, which boosted chances of an interest rate hike in 2016. The yield on the benchmark 10-year Treasury note,...

Taiwan government prioritizes fiscal stability in the latest budget proposal for 2017

Aug 22, 2016 05:18 am UTC| Commentary

The Taiwanese government has prioritized the goal of maintaining fiscal stability over that of supporting economic growth in its latest budget proposal for 2017 disclosed on August 18. This is the first budget under...