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...

Consumption recovery gathering pace in Japan

Oct 28, 2015 02:21 am UTC| Commentary

Retail sales registered 0.7% (MoM sa) in Sep15, a notable rise compared to 0% in the previous month. On the QoQ basis, retail sales growth has reaccelerated to 7.3% (saar) in 3Q, sharply up from 0.8% in 2Q. While spending...

US durable goods orders put a big exclamation mark on the run of weak data seen of late

Oct 28, 2015 02:18 am UTC| Commentary

US durable goods orders put a big exclamation mark on the run of weak data seen of late. Headline, ex-transport and core (non-defense, ex-air) orders all fell for a second month in a row. Most discouraging was the two-tick...