ILO employment report may add some directional volatility to Pound
May 18, 2016 08:14 am UTC| Commentary
For the past 11 days, Pound has been consolidating within a small range against Dollar of just 230 pips. So far, many economic dockets such as inflation readings have failed to spark major volatility and provide some...
Iron ore, Steel price jumped thanks to China, can’t sustain thanks to China
May 18, 2016 07:53 am UTC| Commentary
Iron ore and Steel had their best rally in years, till April, where iron ore prices rose more than 70%, from their December bottom and Steel price rose from Yuan 1580 per ton in December, last year to Yuan 2870 per ton in...
Australia wage price index posts smallest quarterly gain on spare labor market capacity
May 18, 2016 07:44 am UTC| Commentary
Australia wage price index rose, below market expectations, posting the smallest quarterly increase since the series began in 1997. The annual rate fell to 2.1 pct in the year to the March quarter, which is also the lowest...
Wage growth in Australia likely to remain weak for some time
May 18, 2016 07:41 am UTC| Commentary
Australias wage price index growth decelerated in the first quarter of 2016. Wages grew only 0.4% on a sequential basis, whereas it rose 2.1% on a year-on-year basis. Both measures recorded the slowest growth on record. In...
Indian bonds plunge on tracking firm crude
May 18, 2016 07:25 am UTC| Commentary
The Indian government bonds continue to trade lower on Wednesday amid tracking firm crude oil prices, which could potentially push up domestic inflation and narrow space for monetary easing going ahead. The yield on the...
Property prices rise in China for 4th straight month on loose lending policies
May 18, 2016 07:18 am UTC| Commentary Real Estate
Chinas property market witnessed upbeat prices in the countrys tier-I and tier-II cities, owing to liberal lending options by banks. Property prices rose 33.1 pct and 6.8 pct on year respectively for the two categories....
Japan’s economy avoids recession in Q1, BoJ still likely to further ease policy
May 18, 2016 07:18 am UTC| Commentary Economy
The Japanese economy grew surprisingly at an annualized rate of 1.7% in Q1 2016, as compared with consensus expectations of 0.3% growth. It countered the revised contraction of 1.7% recorded in the last quarter of 2015....
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