FED officials warn over markets’ dovish hike expectations
May 18, 2016 06:49 am UTC| Commentary Central Banks
Several FOMC members have come out and warned against too dovish expectations by market participants over rate hike. Yesterday it was Atlanta FED President Dennis Lockhart, Dallas FED President Robert Kaplan and San...
US industrial output growth accelerates above forecasts, real consumption to grow 3.1% in Q2
May 18, 2016 06:42 am UTC| Commentary
US industrial production expanded in April by 0.7% m/m, as compared with consensus projections of 0.3% growth. The surge in industrial production was due to a sharp growth in utilities production that expanded 5.8% m/m, as...
US housing starts rebounds in April, GDP growth likely to accelerate above 2% mark in Q2 2016
May 18, 2016 06:25 am UTC| Commentary
In April, US housing starts rose 73k units to 1,712k, surpassing forecasts of a modest increase to 1,125k. Data for the prior two months was revised, adding further 29k units to the overall figure. Multifamily segment...
US headline inflation, core services rise, in line with expectations
May 18, 2016 06:23 am UTC| Commentary
The United States headline inflation rose modestly, in line with market expectations. Core inflation rose, at par with consensus, leaving core CPI inflation up 2.1 pct on year. The NSA index level came in at 239.261,...
JGBs slump on upbeat Q1 GDP, firm crude
May 18, 2016 06:16 am UTC| Commentary
The Japanese government bonds traded modestly lower on Wednesday after reading higher than expected first quarter GDP figure. Firmer crude oil prices also supported the cause and future bonds course is likely to be ruled...
Price disparity hits record in China’s housing market
May 18, 2016 05:53 am UTC| Commentary Real Estate
As per April numbers, house price in China moved up again and at faster pace, which is likely to be assumed by some as recovery others as bubble or at least recovery due to stimulus. To support the arguments of those,...
Recent CAD rally to ease momentum in Canada’s exports and weigh on manufacturing sector activity
May 18, 2016 05:53 am UTC| Commentary
Canadas manufacturing shipments value dropped 0.9% in March after performing strongly from November 2015 to January 2016. Consensus expectation was for a decline of 1.9%. Excluding the price changes, volumes of...
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