Brent slids to 2.5 month low

Nov 13, 2015 03:41 am UTC| Commentary

Oil prices edged up modestly on Thursday to around $46 per barrel, after a sharp fall the previous day. Yesterdays price rise is supported by demand for gasoline. Brent crude futures were at $45.90, rising 9 cents. U.S....

USD held back on Fed-ECB with weaker stocks and commodities

Nov 13, 2015 03:07 am UTC| Commentary

The DXY (USD) index disappointed again yesterday. There was an initial rally to 99.288 from the days open of 98.823 into European Central Bank (ECB) President Mario Draghis testimony to the EU Parliament. Draghi reiterated...

ECB chief sounds dovish ahead of today’s GDP report

Nov 13, 2015 02:49 am UTC| Commentary Central Banks

There has been much focus on the rhetoric out of the US Fed and European Central Bank (ECB) to reaffirm the underlying monetary divergence theme. At last evenings European Parliaments Economic and Monetary Affairs...

India's CPI inflation accelerates, production softens

Nov 13, 2015 02:30 am UTC| Commentary Economy

Oct CPI inflation accelerated to 5% (YoY) from Seps 4.4% on higher food prices and fading base effects. Headline readings are off the sub-4% trough in Jul-Aug, with base effects and pipeline food pressures to keep...

Trade surplus may persist but don’t ignore weak export growth in Indonesia

Nov 13, 2015 02:08 am UTC| Commentary

On Monday, the October trade data may provide another reason for those calling for a rate cut by Bank Indonesia (BI). The trade balance is likely to have recorded another surplus in October, bringing the year-to-date total...

Hong kong 3Q GDP to decelerate

Nov 13, 2015 01:57 am UTC| Commentary

Hong kong 3Q15 GDP is projected to grow by 2.1% (YoY), down from 2.8% in 2Q (0.3% QoQ sa vs. 0.4% QoQ sa in 2Q). This is still relatively slow compared to a five-year trend growth of 3.8%. On the trade front, nominal...

Minor changes in Poland's price outlook

Nov 13, 2015 00:56 am UTC| Commentary

Deflation in October of -0.7% is expected, in line with the market consensus and slightly above the flash CPI estimate (-0.8% yoy). The downside risk may come from lower-than-expected growth in food prices and in transport...