Third time likely to be charm for US Q2 GDP growth
Sep 21, 2015 03:36 am UTC| Commentary
Data released subsequent to the Bureau of Economic Analysis preliminary report on real GDP growth during the spring point to yet another markup. Stepped-up spending by consumers and businesses, along with a larger...
Falloff in US transport bookings likely pared durables orders in August
Sep 21, 2015 03:33 am UTC| Commentary
A sharp reduction in commercial jetliner bookings, combined with the first decline in motor vehicle bookings since May, likely trimmed transport requisitions by a hefty 8.0% during the reference period, following an...
US stock of unsold homes likely went higher in August
Sep 21, 2015 03:28 am UTC| Commentary
The preliminary canvass of available state and local Multiple Listing Service figures and statistical model both suggest that closings on existing dwellings retreated by 2.5% to a seasonally adjusted annual rate of 5.45...
Kiwi slips towards $0.63 amid soft second-tier data
Sep 21, 2015 03:08 am UTC| Commentary
The New Zealand dollar was driven lower on Monday, with several second-tier indicators pointing to renewed weakness in the economy. A consumer confidence gauge fell to its lowest level in three years this quarter, while...
Asian stocks sink on start of the new week, Fed decision creates uncertainty
Sep 21, 2015 02:55 am UTC| Commentary
The Federal Reserves (Fed) decision came amid several weeks of market turmoil as fears over the strength of Chinas economy and markets grew. On Thursday the Federal Open Market Committee (FOMC) decided to keep monetary...
Wariness on China keeping UST yields low
Sep 21, 2015 02:19 am UTC| Commentary
The reaction of the market to the September 16/17 FOMC meeting is somewhat similar to March when the market was anticipating Fed hikes. Back then, the DXY and UST yields were on the high side in the lead up to the March...
China to reassure world during President Xi’s visit to US
Sep 21, 2015 02:12 am UTC| Commentary
The Feds primary reason - global growth worries - for not lifting US interest rates on 17 Sep was not welcome by markets. US equities followed through with more selling on Friday. Two Fed presidents, John Williams (San...
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IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects