Fall in exports may put downward pressure on Phillipine's trade balance
Jun 24, 2015 05:20 am UTC| Commentary
The Philippines is schedule to release April trade data on 25 June.A trade deficit of USD 0.68bn is expected, after a USD 0.26bn surplus in March, states Standard Chartered. Export data released in June was also poor....
France PMIs continue to improve
Jun 24, 2015 05:20 am UTC| Commentary
The French PMI is now consistent and continues improving with an expansion in activity, above 50, while the service-related measure surged to 54.1, far above the break even mark and the strongest pace since 2011.Although...
Bangko Sentral ng Pilipinas likely keep RRP and SDA rates unchanged
Jun 24, 2015 05:02 am UTC| Commentary
Bangko Sentral ng Pilipinas (BSP) will announce its monetary policy decision on 25 June."BSP is expected to keep the reserve repo (RRP) and special deposit accounts (SDA) rates at 4.0% and 2.5%, respectively. We...
No sign of sustainable recovery for Hong Kong's export
Jun 24, 2015 04:33 am UTC| Commentary
Hong Kongs trade data for May is due on 25 June.Last years high base likely dragged down Hong Kongs export growth, and this probably means it will take a few more months to determine whether exports are on the path to a...
Russia’s success in expanding oil exports to China is likely to widen the use of Renminbi settlement
Jun 24, 2015 04:22 am UTC| Commentary
Renminbi is likely to be a winner of the competition in Asia between crude oil exporters. Most of the major oil exporters are expected to switch to Renminbi settlement for sales into China, so as not to concede any...
Daily Economic Outlook: 24th June, 2015
Jun 24, 2015 04:17 am UTC| Commentary
A further extraordinary Eurogroup meeting focused on Greece starting at 6pm UK time is likely to dominate news flow into the evening in advance of a scheduled EU summit starting on Thursday afternoon. Amid heightened...
US's Q1 GDP probably still weak, but less so than previously
Jun 24, 2015 04:06 am UTC| Commentary
The US Q1 GDP is schedule to release on 24th June.According to Standard Chartereds estimation, a slight upward revision to Q1 GDP growth is expected at -0.2% q/q SAAAR (the consensus view) from -0.7%, . This would be on...
Gabon: post-coup dialogue has mapped out path to democracy – now military leaders must act
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects