PBoC to cut RRR by another 50 bps in Q4 2015

Oct 26, 2015 09:23 am UTC| Commentary Central Banks

Theoretically it does not make sense for China to maintain a stable currency amid monetary policy easing. Nonetheless, it appears that the PBoC still caps the upside of USD/CNY and USD/CNH via selling its foreign reserves,...

Singapore's September IP hampered by lack of producer confidence

Oct 26, 2015 08:46 am UTC| Commentary

Singapores industrial production for September fell 4.8% y/y (Aug: -7.1%; Jul: -6.6%), slightly below expectation. On a seasonally adjusted m/m basis, output expanded marginally by 0.4% - negligible to offset the 3.6% m/m...

Political risk premium on Polish assets is set to increase further

Oct 26, 2015 07:55 am UTC| Commentary

In Poland, opposition Law and Justice (PiS) won yesterdays general election by a wide margin as per exit polls, with an estimated 37.7% of votes, which will get the party 232 of 460 seats in the lower house of parliament....

US Q3 GDP tracking likely at 1.3%

Oct 26, 2015 07:50 am UTC| Commentary

US Q3 GDP tracking rose one-tenth this week, driven by better housing market data. Q3 GDP forecast has been risen to 1.5% ahead of next weeks advance estimate. Housing starts rose 6.5% m/m in September to 1.21mn on...

Dueling outlooks set to keep the Fed on hold in October

Oct 26, 2015 07:47 am UTC| Commentary Central Banks

US domestic demand strength is likely to bolster confidence in the outlook for those FOMC members who think a healthy consumer and falling unemployment justify a modest rise in interest rates by year-end. However,...

ECB worries on euro area's growth and inflation outlooks

Oct 26, 2015 07:37 am UTC| Commentary Central Banks

In its October press conference, the ECB reiterated the downside risks it highlighted in September regarding both the outlook for growth and inflation. In particular, it called for a thorough examination of the strength...

Slower activity abroad to weigh on US trade and inventories

Oct 26, 2015 07:35 am UTC| Commentary Economy

Along with US private consumption, growth in business investment underpinned import growth of 4.5% during the quarter. Exports, however, have not kept pace as activity abroad has softened since mid-year and the effects...