Australia likely to achieve 2.5% growth in 2015/16

Dec 15, 2015 06:55 am UTC| Commentary

Australian Federal Treasurer Morrison released the Mid-Year Economic Fiscal (MYEFO) document for 2015-16 today. Lower commodity prices and expectation of a weaker growth rate hit the countrys budget. The Australian...

Renminbi Series

Renminbi series – deliberate devaluation……maybe not

Dec 15, 2015 06:28 am UTC| Commentary Central Banks

Peoples bank of China (PBoC) has devalued Yuan for seventh consecutive day, while the Yuan trades at four year low against Dollar. PBoC has fixed Yuans central parity today, down -0.1% to RMB 6.4995 per Dollar. Onshore...

Oil in Global Economy Series

Lower oil prices pat Canadian economy

Dec 15, 2015 06:22 am UTC| Commentary

Canadian overall national net worth declined by 1.3% and stood at $129.4 billion. This is because of fall in oil prices. The natural resources wealth of the economy is declined by $285 billion. However, the fall in...

Fed's second rate hike likely in April, 2016

Dec 15, 2015 06:05 am UTC| Commentary Central Banks

The FOMC meeting on policy decission is scheduled tomorrow. The Fed is expected to hike rate for first time after almost 10 years. Looking forward, analysts foresee a series of rate hikes next two years. Some economic...

Sydney property price rise still a concern

Dec 15, 2015 05:53 am UTC| Commentary Real Estate

Today, from Australia, house price details were released for third quarter and its not a pretty picture. Property prices are still on the rise, increasing the risks if meltdown occurs and making the properties away from...

Daily Economic Outlook: 15th December, 2015

Dec 15, 2015 05:31 am UTC| Commentary

Inflation data for November in U.K. are scheduled to release today. The inflation figures will be in domestic markets focus. CPI inflation posted negative figures for past two months is expected to rebound this...

Euro area industrial production hints solid GDP growth in Q4

Dec 15, 2015 04:50 am UTC| Commentary

Industrial production in euro area posted a solid growth of 0.6% month on month in October. Similarly, in annual term, it increased by 1.9% year on year against 1.3% in previous month. A sector level figure reveals,...