Worrisome Signs Series – TBS and S&P 500 diverges –part 2

Dec 24, 2015 09:49 am UTC| Commentary

In previous part we discussed, though monetary policy from FED is very accommodative, but with even gradual tightening, stock market would finally fall to fundamentals. That is to move up in share price, it would need...

Worrisome Signs Series

Worrisome Signs Series – TBS and S&P 500 diverge –part 1

Dec 24, 2015 09:23 am UTC| Commentary

What drives stocks (other than cheap funding from FED), is their earnings, some which investors get returned in form of dividends and buybacks, rest of which goes into the books as reserve. And what drives earnings higher...

Sequential improvement continues in Taiwan's industrial production

Dec 24, 2015 08:46 am UTC| Commentary Economy

Taiwans industrial production dropped 4.94% yoy in November, which came in better than expectations. There was a minor downward revision in October to 6.3%.Headline number was weighed down by elevated inventory levels...

Fed Hike Aftermath Series

Is US becoming socialist in its approach to regulating financial activities?

Dec 24, 2015 08:37 am UTC| Commentary Politics

For decades now, United States have been considered to wear the crown of capitalism, where business can thrive, banks can pursue new avenues and traders can make millions. But it is increasingly becoming clear that the...

Currency War Series

Singapore's MPS likely to stand pat till April 2016

Dec 24, 2015 07:15 am UTC| Commentary Central Banks

Singapores November IP dropped 5.5% yoy, which was much below expectations. On a seasonally adjusted month on month basis, the output dropped 3.6% mom sa, reversing the gains of September and October. The headwinds of...

US core PCE likely to be near current levels for most of 2016

Dec 24, 2015 07:07 am UTC| Commentary

In US, the inflation was flat, consistent with the consensus expectations. At the core PCE level, the prices increased by 0.1% mom and 1.3% yoy. In the November PCE report, goods prices dropped 2.6% y/y with both durables...

Guide to today’s important data and events

Dec 24, 2015 05:13 am UTC| Commentary

Due to approaching Christmas holiday, very few economic dockets scheduled for today. Upcoming UK - British Bankers Association (BBA) mortgage approvals for November will be released at 9:30 GMT. US -...