Seasonal effects likely to raise Spain's unemployment rate in November

Dec 02, 2015 07:10 am UTC| Commentary

Seasonal effects drives Spains November unemployment month on month to increase for a fourth straight month. The labor force is crowded by more people this time in the year. The rate is likely to decline in the months...

Euro Area's Flash November HICP inflation (yoy) likely to rise on improvement in gasoline prices

Dec 02, 2015 06:46 am UTC| Commentary

Euro Areas CPI estimate yoy for the month of November is expected to be at 0.3 by market consensus, rising from that of its previous months 0.1. The core CPI yoy is expected to be at 1.1, as per consensus. There is a...

NZD likely to weaken in near future

Dec 02, 2015 06:42 am UTC| Commentary

The New Zealand dollar is likely to be under pressure over the coming year. It is expected to fall to around 62c against the US dollar by June 2016, estimates Westpac. This is because of following factors. The RBNZ is...

US Fed likely to pay more attention to November ISM non-manufacturing index

Dec 02, 2015 06:34 am UTC| Commentary Central Banks

US ISM manufacturing Index dropped to 48.6 in November from that of the previous months 50.1, also lower from the market consensus expectations of 50.5, lowest level since June 2009. Last year, the manufacturing alone...

U.K. inflation to hover around 0% till end of 2015

Dec 02, 2015 06:14 am UTC| Commentary

The manufacturing PMI in U.K for November reduced to 52.7. The output index decelerated by 2.8 pp to 55.1 as new orders fell by 2.5pp to 54.1. The employment index recorded a sharp fall of -3.7 pp.A sector level analysis...

Renminbi Series

SDR inclusion likely to have limited direct impact on RMB and FX flows

Dec 02, 2015 06:02 am UTC| Commentary

Chinas RMB has been approved to be included in SDR by the IMF executive Board, with effect from October 1, 2016. the weightage of RMB in the basket would be 10.9%, preliminary expectations were 14-6% in August. This...

Australia's growth outlook

Dec 02, 2015 05:57 am UTC| Commentary

Mining output in Australia continues to increase. Iron ore mining output increased by 5%, which was remained steady in Q2 while other mining inched up by 3% following two consecutive declines. Similarly, coal mining output...