Chicago PMI figure disappointments in November

Dec 01, 2015 04:37 am UTC| Commentary

Chicago PMI recorded a significant fall in November and stood at 48.7. At a disaggregate level, the production stood at 50.9 against 63.4 in previous month, new orders at 44.1 against 59.4. A sharp fall in these two...

US pending home sales data suggests softness in Q4 home sales

Dec 01, 2015 04:08 am UTC| Commentary Economy

US October pending home sales edged up slightly by 0.2% month on month, a more strong rebound was expected against the consecutive declines in past two months. 1.0% was expected by market consensus. There is an increase...

Currency War Series

China's GDP for 2015 likely to be 6.8%, more RRR cuts to come till H1 16

Dec 01, 2015 04:02 am UTC| Commentary

Chinas November official manufacturing PMI dropped to 49.6, slightly below the market consensus expectations of 49.8. Looking all over, the subdued PMI readings indicate weakness in underlying pace of the countrys growth...

Currency War Series

BoK likely to deliver another 25 bp rate cut in Q1 2016

Dec 01, 2015 03:53 am UTC| Commentary

The broader trend remains unchanged in Korea. The domestic demand and services being stabilized after MERS outbreak, but the challenging export environment and some payback in private consumption might slow down the growth...

Korea's 2015 full year inflation likely to be 0.7%yoy

Dec 01, 2015 03:42 am UTC| Commentary

Koreas inflation for the month of November rose to 1.0% year on year, slightly above the anticipated 0.9%. Firming services and the rental market supported this strengthening of headline inflation. Along with a small...

Japan's domestic demand still lackluster

Dec 01, 2015 02:59 am UTC| Commentary Economy

Yesterdays data showed that retail sales rose notably in Oct (1.1% MoM sa). But the household expenditures index posted a further decline during the same month (-0.7%). The latter is a better indicator measuring domestic...

Markets now put the odds of December Fed lift-off at 3:1

Dec 01, 2015 02:54 am UTC| Commentary

Markets now put the odds of December lift-off at 3:1 and with Draghi hinting at further easing this Thursday, the difference between US and German 2Y bond yields has risen to 1.35%, the highest in 9 years. The price of a...