Guide to today’s important data and events

Dec 15, 2015 04:36 am UTC| Commentary

Lot of economic dockets scheduled for today. Some of them with high risks associated. Data released so far - Australia - House prices rose by 2% on quarterly basis, up 10.7% from a year ago. New motor vehicle...

Government bonds outshine in 2015

Dec 15, 2015 02:45 am UTC| Commentary

Taking stock of 2015, 10Y government bonds generally fared well despite the specter of Fed hikes. In the developed world, 10Y yields (US, Germany, UK, AU) are modestly higher compared to the end of 2014. Meanwhile, 10Y SGS...

Currency War Series

No policy action this week from BoJ

Dec 15, 2015 02:25 am UTC| Commentary Central Banks

The Bank of Japan should have the room to stand pat this Friday, given that the 3Q GDP has been revised up and a technical recession was averted. Meanwhile, the impact from a possible Fed move needs to be closely watched...

Currency War Series

Inflation uptick and higher US rates to keep RBI cautious

Dec 15, 2015 02:11 am UTC| Commentary Central Banks

Uptick in domestic inflation prints and an impending US rate lift-off later this week are likely to keep the Reserve Bank of India (RBI) cautious on the policy front. Markets see an over 70% probability of a US rate...

Currency War Series

Bank of Thailand to keep rates steady

Dec 15, 2015 01:51 am UTC| Commentary Central Banks

Bank of Thailand (BOT) is likely to keep its policy rate steady this week. GDP growth momentum remains weak, dragged by a weak private sector demand. There is not much that the BOT can do on this front though. Households...

Singapore's November NODX figure may bring some relief

Dec 15, 2015 01:35 am UTC| Commentary

Singapores November non-oil domestic exports (NODX) figure may bring some relief. The headline number due this Thursday morning is expected to register an expansion of 1.9% (YoY), up from a decline of 0.5% in the previous...

Renminbi Series

China's weak trade data just ahead of FOMC precipitated a weaker CNY

Dec 15, 2015 00:57 am UTC| Commentary

Chinas November exports remained sluggish (-6.8% y/y) while the import contraction narrowed (-8.7%). Looking forward, a sharp export rebound is not expected, although the import contraction is likely to narrow further on...