UK public finances continue on their improving path
Sep 22, 2015 04:51 am UTC| Commentary Economy
UK budget deficit is clearly improving compared to the previous fiscal year. In the four months to July, spending was flat compared to the same period a year earlier whereas revenues were up 4.4%. As always, there are...
Daily Economic Outlook - September 22nd 2015
Sep 22, 2015 04:19 am UTC| Commentary
Expect the overnight release of the September preliminary Caixin manufacturing PMI to have a big impact on global financial markets after the Fed highlighted the importance of economic developments in China on US interest...
Australia house-price inflation accelerates in Q2
Sep 22, 2015 04:17 am UTC| Commentary
House-price inflation accelerated at a faster pace than expected last quarter, with record-low interest rates continuing to drive demand for property, particularly in the main centres. Demand for housing has risen sharply...
Banxico's rate hike likely in December
Sep 22, 2015 04:08 am UTC| Commentary
Banxico decided to keep the reference rate unchanged at 3.00%. This was broadly expected by the markets, as the US Federal Reserve also kept its policy rate unchanged. On the other hand, the press release is rather...
Asia starts quiet session on high note
Sep 22, 2015 02:54 am UTC| Commentary
Asian markets were off to a strong start on Tuesday, in what is likely to be an otherwise quiet session, with little on the data calendar for the region and Japanese markets on their second day of three off. Equities...
US existing home sales slumped, underscoring Yellen’s remarks
Sep 22, 2015 02:20 am UTC| Commentary
Existing home sales slumped 5%, August over July, underscoring Yellens remarks last week about the still very depressed housing market and the risks there that remain for policy and the economy. When mortgage rates shot up...
Gold schemes to also help contain current account gap in India
Sep 22, 2015 02:16 am UTC| Commentary
Between April and August, gold imports have jumped 40% YoY as low global prices stoked demand and curbs were eased. Despite this rise, the metals imports are way below 2010-13 highs. Back then, gold imports were the second...
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