U.S. Q3 GDP tracking 1.0% after September durable goods orders
Oct 28, 2015 04:12 am UTC| Commentary
U.S. durable goods orders fell 1.2% m/m in September, broadly in line with expectation. A sharp 35.7% m/m drop in nondefense aircraft orders subtracted 2.2pp from the headline reading. Excluding transportation, orders fell...
BoE's focus on UK CPI inflation
Oct 28, 2015 04:08 am UTC| Commentary Central Banks
In the three months to August, UK employment was 0.5% higher compared to the three months to May. The last observation in Q3 is still missing but this suggests that there was no productivity growth in Q3 (employment and...
UK services doing fine while manufacturing suffers
Oct 28, 2015 04:05 am UTC| Commentary
The Office of National Statistics has released the first estimate of UK Q3 GDP growth (based on less than 50% of the total information required for the finalestimate). The figures show that growth in Q3 slowed to 0.5% from...
Australia's core inflation set to fall below RBA target
Oct 28, 2015 04:04 am UTC| Commentary Central Banks
The headline CPI of Australia lifted 0.5% in Q3. Whereas, market was expecting for 0.7%. The annual rate is flat at 1.5%yr compared to 1.3%yr in Q1, 1.7% in Q4 and 2.3%yr in Q3. The core measures, which are seasonally...
US consumer confidence falls on labor market conditions
Oct 28, 2015 03:21 am UTC| Commentary
The Conference Boards index of US consumer confidence fell to 97.6 in October, posting an unexpected decline for a little-changed reading. Most of the deterioration in sentiment was in consumers assessment of present...
Aussie tumbles as weak CPI print sees bets placed on November cut
Oct 28, 2015 03:00 am UTC| Commentary
The Australian dollar shed almost 1% against the greenback on Wednesday after the September-quarter CPI came in slightly weaker than expected, raising speculation that the RBA will cut interest rates to stoke inflation and...
Asia trades broadly lower as fed deliberates
Oct 28, 2015 02:45 am UTC| Commentary
Asian markets were largely weaker on Wednesday, with traders displaying signs of nervousness ahead of the Federal Open Market Committee (FOMC) statement. Markets have pushed back expectations for the first rate hike to...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects