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...

Currency War Series

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...

Euro area inflation readings to bounce on base effects

Dec 10, 2015 02:47 am UTC| Commentary

With a still negative output gap and sustained disinflation in commodity prices, the European Central Bank (ECB) rightfully remain concerned over price pressures. Headline inflation slipped back towards the 0% mark in the...

Fed will be up on its tiptoes for some time to come

Dec 10, 2015 02:39 am UTC| Commentary Central Banks

One week to go before lift-off and 10Y Treasury yields are still at 2.21%. Thats 20 basis points higher than in mid-October but one certainly would have expected a bigger move given the dramatic shift in Fed expectations...