US October factory orders leave Q4 GDP tracking at 2.1%

Dec 04, 2015 06:07 am UTC| Commentary

In October, US total factory orders climbed to 1.5 mom, close to the expectations of 1.4% gain by market consensus. Durable goods October orders were revised one tick down, to 2.9 mom, reflecting the effects of large gain...

ECB falls short of providing stronger forward guidance in terms of further rate cuts

Dec 04, 2015 06:06 am UTC| Commentary Central Banks

ECB President Draghi announced a 10bp depo rate cut, time extension of QE until at least March 2017, and inclusion of regional and local government debt in the PSPP in the meeting yesterday. It disappointed the market...

Guide to today’s important data and events

Dec 04, 2015 05:54 am UTC| Commentary

Not many economic dockets scheduled for today, focus is on payroll data from US. Data released so far - New Zealand - ANZ commodity prices decline -5.6% in November. Australia - Retail sales rose by 0.5%...

Daily Economic Outlook: 4th December, 2015

Dec 04, 2015 05:39 am UTC| Commentary

The labor market report for November in U.S. is scheduled to release today. The reading will update the strength of the economy. Markets expect the November payrolls to increase to 200k, notes Lloyds Bank. OPEC meeting...

Australia sees improvement in retail sales

Dec 04, 2015 05:37 am UTC| Commentary

The annual sales growth in Australia has come down to 4% from 4.6% in Q2 due to moderate growth rate in household goods retail. On a monthly basis, retail sales of the economy has increased by 0.5% in October, which is...

Philippines’ CPI inflation likely at 2.4% in 2016

Dec 04, 2015 04:50 am UTC| Commentary

Inflation rate in Philippines increased to 5 month high in November. The higher inflation rate is contributed by increased in food prices as supplies were disrupted. Core inflation rate also escalated to 1.8% during the...

South Africa's SARB's repo rate likely to reach 7.5% by 2017

Dec 04, 2015 04:47 am UTC| Commentary

SARB delivered its second hike in this year in November MPC meeting. Market expects 125bp worth of hikes additional in coming 2 years, which brings the rate to around 7.50%. Our economists also expect the repo rate to...