UK's Q1 GDP growth unexpectedly revised down in 2nd estimate, BoE policy unlikely to see significant impact

May 25, 2017 11:34 am UTC| Insights & Views Economy Central Banks

The second estimate of UK GDP for Q1 2017 released earlier today saw an unexpected revision down to 0.2 percent from the previous estimate of 0.3 percent. Todays data follows growth of 0.7 percent in Q4 of 2016 and means...

U.S. Treasuries gain following steep losses in energy prices, less hawkish FOMC minutes

May 25, 2017 11:26 am UTC| Commentary Economy

The U.S. Treasuries gained Thursday, following steep losses witnessed in global benchmark energy prices after Saudi Arabia hurdled in the wake of too deeper oil production cuts in the near term. Also, the slightly less...

UK gilts rally on lower Q1 GDP, slack in energy prices

May 25, 2017 09:31 am UTC| Commentary Economy

The UK gilts rallied Thursday after reading a lower-than-expected gross domestic product (GDP) for the first quarter of this year amid slack in energy prices ahead of OPECs agreement to extend the output cut by another...

Australia Q1 GDP likely to witness moderate 0.1 pct q/q rise, to drop to 1.5 pct y/y: ANZ Research

May 25, 2017 08:09 am UTC| Commentary Economy

Australias preliminary estimate for the first-quarter gross domestic product (GDP) is for a rise of just 0.1 percent q/q. This result continues the recent see-saw pattern in GDP growth, with growth outcomes of +0.8...

BoT likely to maintain policy rate at 1.50 pct through 2017, says ANZ Research

May 25, 2017 06:51 am UTC| Commentary Central Banks Economy

The Bank of Thailand (BoT) is expected to maintain its policy rate at 1.50 percent throughout this year amid an environment of improving but non-inflationary growth in the country. However, a more broad-based recovery is...

New Zealand bonds close on the upside following global debt market rout

May 25, 2017 05:53 am UTC| Commentary Economy

The New Zealand bonds closed on the upside Thursday, following a global debt market rout after the Federal Open Market Committee (FOMC), signalled in its meeting minutes that central bank remains on a gradual approach to...

Renminbi Series

Yuan likely to remain relatively steady in the months ahead, says Scotiabank

May 25, 2017 05:19 am UTC| Commentary Economy

The yuan is expected to remain relatively steady in the months ahead, while other EM Asian currencies could see continued portfolio inflows as long as US political turmoil stabilises. In addition, Chinas onshore yuan...