TWD rates decoupling from USD rates
Dec 09, 2015 03:03 am UTC| Commentary
TWD market rates have become increasingly decoupled from USD rates. Previously, spikes in USD rates nudged 2Y and 3Y TWD swap rates higher. However, the correlation broke down in recent weeks even as the market starts to...
Japan's GDP data: No real upside surprise
Dec 09, 2015 02:57 am UTC| Commentary
The economy has escaped a technical recession based on the revised GDP data. Two consecutive quarters of contraction have been avoided, after the 3Q15 GDP was revised up to 1.0% (QoQ saar) from -0.8% in the initial...
Fed will move more slowly than normal in 2016
Dec 09, 2015 02:40 am UTC| Commentary Central Banks
Markets are expecting a strong retail sales report on Friday but after three months of zero growth one isnt quite sure if thats really strong or not. Even were the 0.3% (MoM, sa) rise in headline sales that markets expect...
Indian markets on shaky ground, but well-cushioned
Dec 09, 2015 02:32 am UTC| Commentary Economy
Indian markets tread on thin ice ahead of this months US FOMC meeting where a rate lift-off seems imminent. The European Central Banks underwhelming policy support also saw asset markets react uneasily late last week, with...
Dec 09, 2015 02:12 am UTC| Commentary
Private consumption growth is likely to remain slow next year, as household continues to deleverage. Private investment growth is not going to fare much better as well. Export growth is still lackluster and we are unlikely...
Monetary policy will remain stable to balance the risks on growth and inflation in Malaysia
Dec 09, 2015 01:45 am UTC| Commentary Economy
Monetary policy will remain stable to balance the risks on growth and inflation. Inflation reading has thus far been lower than expected. Latest October CPI inflation reported a 2.5% (YoY) rise. The combined impact of the...
Brazil's economic recession not going anywhere
Dec 09, 2015 00:51 am UTC| Commentary
The recession is expected to intensify and last longer next year, with activity not starting to recover until late 2016. Persistent political uncertainty with little sign of improvement indicates no trigger for a rebound...
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