Japan discusses stimulus measures to offset 2017 sales tax hike
May 20, 2016 05:50 am UTC| Commentary
Japanese policymakers debate over adopting a sales tax hike in early 2017 amid stabilization in global financial markets and signs of recovery in the economy. Although instances like an appreciating yen, fall in equities...
Manufacturing labor demand in US remains weak at regional level
May 20, 2016 05:36 am UTC| Commentary
The US Philly Fed manufacturing index almost stayed the same at -1.8 this month, as compared with the consensus projections of a rebound to 3. The current new orders index fell for the second straight month to -1.9 from 0....
Guide to today’s important data and events
May 20, 2016 05:34 am UTC| Commentary
Not many economic dockets scheduled for today. Focus is on CPI from Canada. Upcoming Germany Producer prices for April will be released at 6:00 GMT. Prior -3.1% y/y, expected -3%. Greece ...
US labor market remains strong, but Verizon worker strike to impact May nonfarm payroll growth
May 20, 2016 05:03 am UTC| Commentary Economy
The total number of people in the US looking for benefits of unemployment declined to a seasonally adjusted 278,000 in the week ended 14 May, on par with consensus projections of 275,000. The reading matches with the...
China’s real estate sector recovers, lift investor sentiments
May 20, 2016 05:03 am UTC| Commentary Real Estate
Investor sentiments have boomed in Chinas real estate sector after the latters recovery as prices of residential properties surged in majority cities over the year. The rise in prices can be attributed to the nations soft...
Asian markets turn higher, Gold stable above $1250
May 20, 2016 03:25 am UTC| Commentary
Major Asian indices are trading on a higher note on the quiet session of Friday. USD/JPY remains supported around 110.00 marks while Gold fails to break key support at $1242 and currently trading around $1255...
ANZ-Roy Morgan China Consumer Confidence remains upbeat despite small dip in May
May 19, 2016 15:37 pm UTC| Commentary
The ANZ-Roy Morgan China Consumer Confidence Index declined to 144.0 in May, down from 145.0 in the previous month. Despite the slight fall in the headline index in May, the reading remains at the second highest reading...
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IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects