French industrial output likely fell in December on mild weather and fall in energy component

Feb 10, 2016 07:02 am UTC| Commentary

Frances industrial production is likely to have dropped 0.3% m/m and grown 1.1% y/y in December, mainly because of further drop in energy component and very mild winter in the month. This might partially counter the...

Weakness in German industrial sector likely to continue into 2016

Feb 10, 2016 06:33 am UTC| Commentary

Germanys industrial production dropped surprisingly by 1.2% m/m in December, at odds with Barclays and consensus forecasts. The nation had posted a slight growth of 0.1% m/m in November. Throughout major components,...

Data shows deflationary pressure still has upper hands in Japan

Feb 10, 2016 06:06 am UTC| Commentary Economy

Poor Mr. Kuroda. Japanese benchmark stock index Nikkei 225 is down more than 3% again today and that brings it down more than 18% for the year and more than 25% in last six months. Nikkei is currently trading at...

Emerging Market Crisis Series

Mexico’s core inflation likely to remain soft on MXN depreciation and labor market slack

Feb 10, 2016 05:57 am UTC| Commentary

Mexicos January CPI rose 0.38%, owing to a strong non-core data of 1% 2w/2w in the second half of the month due to higher vegetables and fruits prices. Meanwhile, core inflation eased 0.14% 2w/2w, mainly due to services...

Westpac Melbourne Institute Index of Consumer Sentiment rises to optimistic level in February

Feb 10, 2016 05:35 am UTC| Commentary

The Westpac Melbourne Institute Index of Consumer Sentiment for February rose by 4.2% to 101.3 after dropping in January by 3.5%. The index has risen above the level of 100, the optimistic level. The Januarys drop was...

Guide to today’s important data and events

Feb 10, 2016 05:24 am UTC| Commentary

Not many economic dockets scheduled for today, however some with high risks associated. Focus on Janet Yellen testimony. Data released so far Australia - HIA new home sales rose 6% in December compared to -2.7%...

Oil in Global Economy Series

Lower oil prices likely to sustain Philippines’ current account surplus

Feb 10, 2016 04:54 am UTC| Commentary Economy

Philippines December exports contracted for the ninth consecutive time on year-on-year basis. Weakness in exports of textiles, food and furniture mainly led to the overall decline in exports. The countrys shipments to...