RBNZ needs to judge by its mandate and act
Aug 10, 2016 14:02 pm UTC| Commentary Central Banks
Today Reserve Bank of New Zealand (RBNZ) will announce its monetary policy around 21:00 GMT. Over the past year or so, RBNZ has reduced rates from 3.5 percent to 2.25 percent, which is an all-time low, however, the bank is...
Euro area industrial production growth likely slowed in Q2
Aug 10, 2016 12:56 pm UTC| Commentary
Industrial production growth in the euro area is likely to have slowed in the second quarter. According to a Societe Generale research report, industrial output is expected to have dropped 0.3 percent on sequential basis...
India’s domestic vehicle sales jump in July
Aug 10, 2016 12:54 pm UTC| Commentary
Indias domestic vehicle sales jumped during the month of July, largely driven by robust sales of utility vehicles including Maruti Suzukis Vitara Brezza and Hyundais Creta. The jump pointed towards a robust automobile...
German final HICP inflation seen at 0.4 pct year-on-year in July
Aug 10, 2016 12:50 pm UTC| Commentary
Germanys final HICP inflation for the month of July is likely to come in same as the flash reading. According to a Societe Generale report, the HICP inflation is expected to confirm the flash estimate of 0.4 percent...
US Treasuries rise modestly on weaker than expected non-farm productivity data
Aug 10, 2016 12:35 pm UTC| Commentary
The US Treasuries saw continued upward pressure across much of the curve following the release of weaker than expected 2Q16 non-farm productivity data. The yield on the benchmark 10-year Treasury note fell 1 basis point to...
API reports surplus, while WTI awaits EIA report: call updated
Aug 10, 2016 12:31 pm UTC| Commentary
As forecasted, WTI is likely to head towards the target of $35 per barrel. WTI is currently trading at $42.7 per barrel. Key factors at play in Crude market OPEC countries have announced an informal meeting in...
Japan’s GDP likely to have grown in Q2 on fiscal intervention
Aug 10, 2016 12:28 pm UTC| Commentary
The upcoming second quarter GDP data of Japan is expected to show that the economy expanded 0.3 percent on sequential basis, continuing with the upbeat trend witnessed in the first quarter when the GDP grew 0.5 percent...