UK factories suffer their weakest in Feb in almost three years as demand and exports slow

Mar 01, 2016 12:24 pm UTC| Commentary

UKs headline manufacturing PMI for February dropped unexpectedly to 50.8, more than consensus forecast. The print is currently 0.9 points lower than its seven-year average and 7.8 points lower than its previous peak in...

Currency War Series

Stronger US economy and ECB actions might fuel further risk affinity

Mar 01, 2016 11:58 am UTC| Commentary Central Banks

Stock markets around the globe are showing strong signs of rebound and fading risk aversion, so further actions from ECB next week and this weeks non-farm payroll data could further fuel this trend. SP 500 - We have...

Euro area’s February manufacturing PMI drops on weak external demand

Mar 01, 2016 11:33 am UTC| Commentary

February final manufacturing PMI of euro area was revised up marginally from the flash reading to 51.2; however, it still dropped from Januarys final print to a 12 month low in February. Even if output and new orders were...

Euro area’s jobless rate falls in January but still too high to boost wage growth

Mar 01, 2016 11:11 am UTC| Commentary

Euro areas January jobless rate dropped further; however, it is still too high to boost wage growth from its subdued pace recorded recently. The currency blocs jobless rate declined from 10.4% to 10.3%, the lowest level...

Australia’s current account deficit hovers around record level

Mar 01, 2016 10:53 am UTC| Commentary

Todays data released from Australia shows, current account deficit for the fourth quarter hasnt improved much and hovering at record high level, comparing data that goes back to as early as 1959. Twin attack from lower...

Currency War Series

China Crisis Series

Poor China's PMIs suggests monetary easing from PBoC likely to continue

Mar 01, 2016 10:40 am UTC| Commentary Economy Central Banks

Chinas central bank announced on Monday it would cut banks reserve requirement ratio, allowing banks to set aside fewer deposits which in turn encourages them to lend more. The unexpected move came one day ahead of the...

Eurozone labour market fragmentation continues

Mar 01, 2016 10:31 am UTC| Commentary Economy

Euro Zone is facing one of the most diverse economic recovery and labour market. Partial reforms pursued by governments coupled with easy monetary policy from European Central Bank (ECB) has led to the rise in employment...