Australia’s headline construction rises below expectations in Q1

May 23, 2018 16:51 pm UTC| Commentary Economy

Australias headline construction figure for the first quarter came in below expectations; however, the details of the report were strong. Construction rose 0.2 percent sequentially in the March quarter, with a mix of...

U.S. new home sales miss consensus estimates, suggest a soft start to Q2

May 23, 2018 16:36 pm UTC| Commentary Economy

The United States new home sales fell by 1.5 percent m/m in April, to 662k. This was below the consensus estimates of 680k, although the m/m rate of decline was in line with what Barclays Research had forecast. The miss...

Asia-Pacific’s macroeconomic environment remains intact, albeit at the cost of trade and capital risks: S&P Ratings

May 23, 2018 16:27 pm UTC| Commentary Economy

The favorable macroeconomic environment in Asia-Pacific remains intact, although risks relating to capital flows and trade have increased, according to the latest report titled APAC Economic Snapshots--May 2018, published...

Euro area’s flash purchasing managers’ indices fall again in May

May 23, 2018 15:47 pm UTC| Commentary

Euro areas flash purchasing managers indices dropped again in May, more sharply than expected. The manufacturing PMI dropped for the fifth straight month to 55.5 from 56.2 in the prior month, as compared with the consensus...

U.S. Treasuries spurge on safe-haven demand following massive sell-off in Turkish Lira

May 23, 2018 15:27 pm UTC| Commentary Economy

The U.S. Treasuries jumped during North American session Wednesday as investors crowded into safe-haven assets, following a massive sell-off in the Turkish Lira. Also, the 5-year note auction, scheduled to be held today by...

BTC/USD slumps to 1-1/2 month low on massive sell-off after suspension of withdrawals from OKEx

May 23, 2018 15:00 pm UTC| Commentary Digital Currency Insights & Views

The price of bitcoin, the worlds largest cryptocurrency in terms of market cap, slumped to its lowest since mid-April, as investors engaged in massive sell-off since the start of this week, following the suspension of...

Malaysian headline inflation rises slightly in April, BNM likely to keep OPR on hold at 3.25 pct through 2018

May 23, 2018 14:16 pm UTC| Commentary Economy

Malaysian headline inflation strengthened slightly on a year-on-year basis in April. On a sequential basis, the inflation remained the same. The CPI index rose slightly to 1.4 percent year-on-year in April from 1.3 percent...