Singapore PMIs for November will continue to paint a gloomy outlook for the manufacturing sector

Dec 02, 2015 01:47 am UTC| Commentary Economy

Singapore PMIs for November will continue to paint a gloomy outlook for the manufacturing sector. Consensus is expecting both overall manufacturing and electronics PMIs to remain underwater at 49.0 and 48.8 respectively....

A big fall in Chinese fiscal spending near year-end

Dec 02, 2015 00:55 am UTC| Commentary Economy

Fiscal drag has been a major concern in the analysis of Chinas growth outlook this year. A key event was the fiscal reform announced in 3Q14, which allowed for issuance of local government bonds but will gradually...

US auto sales remained red hot in November

Dec 02, 2015 00:21 am UTC| Commentary Economy

Purchases remained above an annualized 18 million units for a record-setting third consecutive month. Enhanced incentives, a solid labour market and significant replacement demand have combined to lift year-to-date sales...

Currency War Series

Taiwan central bank to cut policy rates again, possibly by another 12.5bp in December

Dec 01, 2015 23:31 pm UTC| Commentary Central Banks

Regarding monetary policy, oya GDP growth, which attract most attention from policymakers and the public, is expected remain negative in 4Q15 and 1Q16. Indeed, even the governments forecast of 1.06%oya for full-year 2015...

Hong Kong’s exports stronger than expected in October, telecom exports surge

Dec 01, 2015 23:08 pm UTC| Commentary Economy

Hong Kongs total exports rose 1.1%m/m, sa in October, leaving total exports down 3.7%oya. Meanwhile imports slipped 0.1%m/m, sa, falling 8.5%oya in October. As a result, the trade deficit narrowed to HK$29.6 billion in...

Peru’s domestic demand is stabilizing

Dec 01, 2015 22:44 pm UTC| Commentary Economy

Perus GDP grew 2.9%oya in 3Q15, virtually unchanged from the 3.0% growth in 2Q. On a sequential basis, activity slowed to 2.7%q/q, saar in 3Q from 3.6% in 2Q, pointing to stabilization ahead. On a year-to-date basis the...

Currency War Series

ECB to ease on multiple fronts

Dec 01, 2015 22:31 pm UTC| Commentary Central Banks

Recent Euro area data have been stronger than expected, suggesting some upside to the near-term growth trajectory. Expectations run high that the ECB will implement broad-based easing. Rather than a fine-tuning step the...