CBR likely to cut key rate by 50bp
Dec 10, 2015 05:20 am UTC| Commentary Central Banks
The central bank of Russia, CBR will be announcing its policy rate decision tomorrow, and there will be a press conference after the rate announcement. There are geo-political tensions around the country , and Russia...
Weaker wholesale inventories to hit U.S. Q4 GDP
Dec 10, 2015 05:06 am UTC| Commentary
U.S. wholesale inventories for October are dropped by 0.1% month on month. Markets were expecting the reading to post a modest increase. Inventories for durable as well as nondurable goods categories are contracted by...
Guide to today’s important data and events
Dec 10, 2015 05:01 am UTC| Commentary
Lot of economic dockets scheduled for today, focus on SNB and BOE monetary policies. Data released so far Australia - Consumer inflation expectations rise to 4% in December from 3.5% prior. Employment rose by...
Bangko Sentral ng Pilipinas likely to stand pat
Dec 10, 2015 04:27 am UTC| Commentary Central Banks
There is a pick up in Philippines inflation in the month of November, the central bank BSP seems comfortable with its policy rates, emphasizing that the risks to growth and inflation stem largely from poor weather and...
Philippines export momentum likely to be soft in near-term on non-electronics drag
Dec 10, 2015 04:02 am UTC| Commentary
Philippines exports in October were epected to to drop by 3.3% from that of the previous month by the market consensus, but they came in weaker than anticipated, falling by 10.8% yoy The contraction in exports eased...
Commodities bounce back after being knocked down
Dec 10, 2015 03:54 am UTC| Commentary
Crude bounced back from its 6-year low, oil and metals are moving in lockstep and industrial metals are pushed higher. Oil improved modestly after falling down to mid- $30 per barrel prices, despite the constant US...
Monetary policy divergences may be starting to deviate between countries
Dec 10, 2015 02:56 am UTC| Commentary Central Banks
EUR/USD closed above 1.10 yesterday. Effectively, it took back losses incurred for the whole of November. Yesterdays short-covering was in response to European Central Bank member Ewald Nowotny blaming market analysts for...
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