S. Korean bonds rally on low inflation, weak exports
Jun 01, 2016 06:02 am UTC| Commentary
The South Korean bonds rallied on Wednesday after data showed that annual inflation in May cooled more than expected to a four-month low, as lower energy costs pulled prices further away from the central banks target....
Briferendum Series: Guardian poll takes toll on sterling
Jun 01, 2016 05:57 am UTC| Commentary
Pound has taken a sharp beating yesterday, declining from its high around 1.472 against Dollar to 1.448 by closing, just 16 pips above its low for the day and that us thanks to a poll published by Guardian in collaboration...
India manufacturing PMI rises slightly in May
Jun 01, 2016 05:39 am UTC| Commentary
For the fifth consecutive month, business conditions throughout Indias manufacturing industry rebounded. The Nikkei India Manufacturing Purchasing Managers Index slightly rose to 50.7 in May from Aprils 50.5. Volumes of...
China May Caixin PMI falls to three-month low on subdued output, new orders
Jun 01, 2016 05:26 am UTC| Commentary
Chinas May Caixin purchasing managers index fell to three-month low following slightly subdued output coupled with lesser new orders, signaling a marginal drag down on the economy. The Caixin China manufacturing PMI...
Australian bonds rise modestly though higher GDP reduces rate cut bets
Jun 01, 2016 05:25 am UTC| Commentary
The Australian bonds traded modestly firmer on Wednesday despite data showed higher than expected first quarter Gross Domestic Product (GDP) figure, which reduces the possibilities for a June cut. Moreover,tumbling crude...
NZ's terms of trade rises 4.4 pct in Q1, bounce seems fleeting
Jun 01, 2016 05:07 am UTC| Commentary
New Zealands terms of trade for goods was up 4.4% in the first quarter of 2016, as compared with consensus projection of 1% q/q. This was the first gain after two straight quarterly falls; however, the index is still lower...
Australia Q1 GDP beats consensus, slashes rate cut expectations
Jun 01, 2016 05:01 am UTC| Commentary
Australia first quarter gross domestic product surpassed market expectations, rising the fastest in almost three years that suppressed hopes of a rate cut by the Reserve Bank of Australia in its policy meeting next...