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...

China Crisis Series

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....

Fed Hike Aftermath Series

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...