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Daily Economic Outlook: 1st October 2015

Oct 01, 2015 04:14 am UTC| Commentary

The UK manufacturing PMI and US ISM manufacturing surveys are the main data focus today, ahead of tomorrows US employment report. The trade-weighted sterling exchange rate has eased back in recent weeks, but it may provide...

ECB likely to expand asset purchases and add corporate bonds

Oct 01, 2015 03:41 am UTC| Commentary Central Banks

Euro area inflation returned to negative territory in September (-0.1% yoy). Following persistent weakness in energy prices, the headline inflation is expected to average 0.1% in 2015 and 1.0% in 2016 compared to our...

Korea's inventory overhang improves a little

Oct 01, 2015 03:34 am UTC| Commentary Economy

The persistent sluggishness in the trade performance and the large inventory overhang in autos and electronics increase the likelihood that Q3 GDP growth may undershoot the official expectations of at least 1% q/q...

Fuel prices push Euro Area headline into negative territory

Oct 01, 2015 03:30 am UTC| Commentary

Euro area inflation in September fell into negative territory for the first time since March 2015. In yoy terms, it fell into the red (-0.1%), with the energy component at -8.9% yoy. After slowing to 0.8% in 2014 from an...

Euro Area September inflation declines

Oct 01, 2015 02:22 am UTC| Commentary

Euro area September advance inflation fell -0.1% YoY, a first since Mar15 and from downwardly revised 0.1% YoY in Aug. Core inflation (ex food and fuel) rose 0.9%, steady from month before. Weak numbers from the core...

India’s fiscal position eases into August

Oct 01, 2015 02:07 am UTC| Commentary

Indias cumulative fiscal deficit in first five months of FY15/16 scaled back on higher non-tax revenues support, while expenditure remained on track. Helped by a rare fiscal surplus in Aug, the Apr-Aug fiscal deficit...

Loan growth has moderated again in Singapore

Oct 01, 2015 01:57 am UTC| Commentary

Loan growth has moderated again in Singapore. After a modest uptick to 2.2% YoY in the previous month, overall loan growth slipped to 1.5% in August. This is mainly driven by a sharp drop in business loan growth to 0.2%,...

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Economy

Asian Stock Markets Trade Flat as Holiday Liquidity Thins and BOJ Minutes Watched

Asian stock markets traded mostly flat on Wednesday as subdued year-end trading volumes and holiday-thinned liquidity limited investor activity across the region. With Christmas and New Year holidays approaching, many...

US and Japan Fast-Track $550 Billion Strategic Investment Initiative

The United States and Japan have agreed to accelerate coordination on their Strategic Investment Initiative, a major bilateral framework backed by a $550 billion fund established under the two countries tariff agreement....

Japan Plans $189 Billion Bond Issuance as Record Budget Signals Expansionary Fiscal Policy

Japan is preparing to issue new government bonds worth approximately $189 billion to help finance a record-breaking national budget for the next fiscal year, according to a draft budget reviewed by Reuters. The move...

BOJ Minutes Reveal Growing Debate Over Interest Rate Hikes and Inflation Risks

Bank of Japan (BOJ) policymakers actively debated whether to continue raising interest rates toward levels considered neutral for the economy, according to minutes from their October policy meeting released on Wednesday....

Gold Price Breaks $4,500 as Safe-Haven Demand and Rate Cut Bets Fuel Rally

Spot gold surged past the key psychological level of $4,500 per ounce for the first time on Wednesday, marking a historic milestone for the precious metal and reinforcing its status as a preferred safe-haven asset. The...

Politics

Global Backlash Grows Over Israel’s Approval of New West Bank Settlements

Several countries, including Britain, Canada, Germany, and a number of European and Asian nations, have strongly condemned Israels recent decision to approve 19 new settlements in the occupied West Bank, warning that the...

Israel Advances Controversial Inquiry Bill Into October 7 Hamas Attack Amid Public Backlash

Israels parliament has given initial approval to a controversial bill that would allow the government to control an inquiry into the October 7, 2023 Hamas attack, a move that has intensified political tensions and drawn...

Anutin Charnvirakul Named Bhumjaithai PM Candidate Ahead of Thailand’s February Election

Thailands caretaker prime minister Anutin Charnvirakul has been officially selected by the Bhumjaithai Party as its candidate for prime minister in the upcoming general election scheduled for February 8. The decision comes...

EU Condemns U.S. Visa Ban on European Figures, Warns of Firm Response

The European Commission has strongly criticized the United States over its decision to impose a visa ban on five European individuals, including former EU Commissioner Thierry Breton, calling the move unjustified and...

Zelenskiy Urges High-Level Talks With Trump as Ukraine, U.S. Near 20-Point Peace Framework

Ukrainian President Volodymyr Zelenskiy has called for a direct meeting with U.S. President Donald Trump to resolve the most sensitive elements of a potential peace agreement with Russia, particularly issues related to...

Science

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Technology

Texas App Store Age Verification Law Blocked by Federal Judge in First Amendment Ruling

A federal judge in Texas has blocked the enforcement of a new state law that would have required app stores and developers to verify users ages, marking a significant legal win for major technology companies and digital...

FTC Praises Instacart for Ending AI Pricing Tests After $60M Settlement

The U.S. Federal Trade Commission has welcomed Instacarts decision to end its artificial intelligence-based price testing, a move that follows weeks of consumer backlash and regulatory scrutiny. FTC Chair Andrew Ferguson...

John Carreyrou Sues Major AI Firms Over Alleged Copyrighted Book Use in AI Training

Investigative journalist John Carreyrou, widely known for exposing fraud at Silicon Valley blood-testing startup Theranos and for authoring the bestselling book Bad Blood, has filed a new copyright infringement lawsuit...

Italy Fines Apple €98.6 Million Over App Store Dominance

Italys competition authority has imposed a 98.6 million ($115.53 million) fine on U.S. technology giant Apple and two of its subsidiaries, citing alleged abuse of a dominant market position related to the distribution of...

Moore Threads Unveils New GPUs, Fuels Optimism Around China’s AI Chip Ambitions

Moore Threads Technology Co Ltd (SS:688795), often described as Chinas potential alternative to NVIDIA Corporation (NASDAQ: NVDA), attracted investor attention after unveiling a new lineup of graphics processing units at...
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