Australian bonds mixed on soft economic data, firm crude
May 18, 2016 05:46 am UTC| Commentary
The Australian government bonds traded mixed on Wednesday after data showed weaker than expected first quarter wage price index. Also, firmer crude oil prices restricted investors from safe-haven buying. Moreover, bond...
US seems back on track with rebound in April housing starts
May 18, 2016 05:46 am UTC| Commentary Economy Real Estate
The United States housing sector seems likely to aid the worlds largest economy, with April housing starts showing a strong rebound, as builders speeded up construction of single and multifamily homes, data sources...
Australia wage growth review (Industry wise)
May 18, 2016 05:24 am UTC| Commentary Economy
Today, Australias wage growth report was released from Australian Bureau of Statistics (ABS) for first quarter 2016, which along with stronger Dollar took toll on Aussie, which is down -0.4%, trading at 0.729 against...
Japan Q1 growth spurts, likely to discourage BoJ to ease further
May 18, 2016 05:10 am UTC| Commentary
Japan, the worlds third largest economy witnessed a jump in its Q1 growth figures, beating analysts expectations. This is expected to discourage the Bank of Japan Governor Kuroda to further pursue easing steps, to help...
US inflation continues to be on upward trend, Fed unlikely to hike rate in June
May 18, 2016 05:08 am UTC| Commentary Economy
The US headline CPI inflation in April accelerated to 1.1% y/y from 0.9% in March, in line with consensus expectations. The rise was partially because of an increase of 3.4% in energy prices last month, the most solid pace...
Nikkei trades higher while Chinese markets drop, Gold depreciates in early Asia
May 18, 2016 03:47 am UTC| Commentary
All the major Asian indices are trading on a mix note on Wednesday morning. Today New Zealand released PPI data with negative numbers while Japan released GDP data with positive numbers. Gold fails to sustain above...
Russia’s economy contracts less than forecast in Q1
May 17, 2016 15:39 pm UTC| Commentary
Russian economy springs surprise, shrank annual -1.2% in the first quarter, less than forecast for a decline of -2.0%, the Federal Statistics Service said on Monday. This is the slowest contraction since the decline began...
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