India's July-September GDP not a game-changer for today’s RBI review

Dec 01, 2015 02:33 am UTC| Commentary Economy Central Banks

Indias growth maintained its spot as amongst the fastest in the region. Real GDP growth rose to 7.4% YoY in 3Q 2015 (second quarter FY15/16) in line with expectations and higher than 7% the quarter before. The underlying...

Loan growth sank back into the red in Singapore

Dec 01, 2015 02:06 am UTC| Commentary Economy

Singapore loan growth sank back into the red. After four encouraging months of expansion, growth in overall loans and advances has dipped into negative level again. Latest October loan growth reported a contraction of 0.4%...

Domestic demand remains the key driver in South Korea

Dec 01, 2015 01:38 am UTC| Commentary Economy

South Koreas domestic demand is gathering pace thanks to the stimulus effects of monetary and fiscal policy easing. Retail sales registered a very strong rise of 3.1% (MoM sa) in Oct. Consumer confidence index picked up...

Mexico's private consumption still healthy in spite of the weak end to 3Q15

Dec 01, 2015 00:55 am UTC| Commentary

The sales undershot expectations, sliding 1.1%m/m. However, the drop comes after a 1.5% jump August and average monthly gains of 0.9% in the four months through August. Thus, despite this weeks disappointment, trend sales...

Canada's business sector still soft

Dec 01, 2015 00:38 am UTC| Commentary Economy

After a solid rebound in 2Q, Canadian corporations operating profits fell 5.4% in 3Q and are down 10.4%oya. Although the oil and gas extraction industry did contribute an outsized share of the overall 3Q decline, weakness...

US real GDP growth for 3Q15 revised up to 2.1% on much stronger inventories

Dec 01, 2015 00:27 am UTC| Commentary Economy

The governments estimate of 3Q15 real GDP growth was revised up to 2.1% saar (from 1.5%). But, as expected, an upward revision to inventory accumulation to $90 billion saar (from $57 billion) accounted for the entire GDP...

Currency War Series

ECB to cut deposit rate 10bp, extend QE by three months

Nov 30, 2015 23:56 pm UTC| Commentary Central Banks

The ECB is expected to announce a 10bp cut of the deposit rate to -0.3%, a three-month extension of the QE program to December 2016, and an increase in the monthly pace of purchases by 10 billion to 70 billion per month....