Mexico sees beginning of development of the domestic industry

Dec 17, 2015 05:17 am UTC| Commentary

Mexican government implemented third auction of first round of energy reform yesterday, by tendering 25 onshore oil and gas fields licenses. 40 companies out of the pre qualified 51 participated in the auction. Royalty...

Singapore’s GDP likely to contract in 2016

Dec 17, 2015 04:57 am UTC| Commentary

Non-oil domestic exports for November in Singapore scaled down by 3.3% y/y, which is lower than markets expectation. The non-oil domestic exports remained steady at 2.1% in October. On a month on month basis, the...

US November building permits leave Leading Economic Index forecast revised up

Dec 17, 2015 04:45 am UTC| Commentary

Census Bereau reported earlier today that November total building permits climbed 11% mom to 1.289 mn, which came in way above than expected. This monthly change in building permits feeds directly into the Conference...

BoJ Preview

Dec 17, 2015 04:28 am UTC| Commentary Central Banks

Bank of Japan has its MPC board meeting on December 17 and 18. Market participants widely expect the central bank to stand pat in its current monetary policy in this meeting. Declining commodities prices have created...

US utilities output decline leaves US Q4 GDP tracking at 1.7%

Dec 17, 2015 04:06 am UTC| Commentary

US November industrial production dropped 0.6%, fell more than market consensus expectations, with utilities output declining sharply -4.3% month on month.There was a decline in the electricity utility output by 3.7% mom...

FOMC finally lifts off- 100bp further hike in 2016?

Dec 17, 2015 03:09 am UTC| Commentary Central Banks

After almost a decade, US Federal Reserve hiked its near zero interest rates in December 16 meeting, which was a unanimous decision to hike 25 bp, along with the press conference underscoring a gradual pace of hike. The...

The dark side and the light side of the Fed

Dec 17, 2015 02:42 am UTC| Commentary Central Banks

Looking ahead, the Fed is expected to hike three or perhaps four times next year. The base case of three hikes assumes that there is a soft spot in the markets or the economy at some point in the year ahead, causing the...