South Korea’s economic outlook to rebound gradually in following quarters
Apr 14, 2016 09:55 am UTC| Commentary
In the following quarters the prospect of South Korean economy is expected to rebound slowly; however, the slack in world trade is likely to negatively impact the economy, according to Scotiabank. In Q4 2015, the South...
CAD IVs gain as BoC hints currency strength relies on commodities to maintain rates unchanged
Apr 14, 2016 09:38 am UTC| Commentary
As widely expected, the Bank of Canada kept its key policy interest rate unchanged at 0.5%, while upgrading their growth forecast relative to January forecasts, largely as a result of the 2016Q1 pop in growth. The...
Canada’s inflation likely to reach target rate in late 2017
Apr 14, 2016 09:15 am UTC| Commentary
The Bank of Canada maintained its key policy rate at 0.5% yesterday, on par with expectations. Also, the central bank upgraded their growth projections, mainly due to the Q1 2016 pop in growth. BoC now projects the...
Russian bonds sag on firm equities market
Apr 14, 2016 09:12 am UTC| Commentary
The Russian bonds tumbled on Thursday as Russian stocks climbed to the strongest level since May 2008. The benchmark 10-year bonds yield, which is inversely proportional to bond price rose 0.65 pct to 9.30 pct and 3-year...
Philippines’ economic outlook to remain positive despite negative export growth in February
Apr 14, 2016 09:11 am UTC| Commentary
In February, Philippines recorded a -4.5% y/y growth in exports. However, negative growth in the overall export is not much of a concern, according to DBS Bank. In recent years, domestic demand has majorly contributed to...
JPY likely to appreciate 1.9% against USD in 2016
Apr 14, 2016 09:07 am UTC| Commentary
In spite of monetary easing bias in Japan, the JPY appreciated against the US dollar in early 2016. It gained 11% against the US dollar year-to-date. However, the yen is expected to return to its earlier path of...
Indonesian bonds trade flat ahead of exports data, likely to rally
Apr 14, 2016 07:42 am UTC| Commentary
The Indonesian 10-year bond yield is unchanged on Thursday, as investors await March trade figures, to be released at 0730 GMT. The benchmark 10-year bonds yield, which moves inversely to its price of bonds stood at 7.419...
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