Bank Indonesia rate cut still hinge on currency stability
Oct 02, 2015 07:20 am UTC| Commentary
Indonesias Septembers headline inflation edged lower to 6.9% y/y from 7.2% in August. The CPI inflation to decline towards Bank Indonesia (BI)s target of 3-5% by year-end. This is due to the favourable base effect from...
Oct 02, 2015 07:08 am UTC| Commentary
The ISM manufacturing index of the U.S. came in slightly below expectations at 50.2 in September, down from 51.1 in August. The most forward-looking new orders component dropped to 50.1 from 51.7. The high correlation...
U.S. manufacturing slows in September
Oct 02, 2015 05:55 am UTC| Commentary
The Institute for Supply Management (ISM) manufacturing index of United State fell 0.9 points to 50.2 in September. The reading was below consensus expectations, which called for a lesser pullback to 50.6."Most...
Brazil IP falling this year at double pace of H2 14
Oct 02, 2015 05:46 am UTC| Commentary
Year-to-date industrial production of Brazil fell 6.6% yoy until July and the pace of decline has nearly doubled from -3.7% yoy in H2 14. With the economy still in a considerable mess and domestic demand falling, there is...
China and US drag global manufacturing confidence lower
Oct 02, 2015 05:40 am UTC| Commentary
In terms of the regional details, PMI data from China confirmed weak manufacturing confidence in the nation. The official NBS PMI for September rose marginally to 49.8 from 49.7, but remained in the contraction (sub-50)...
Indecisive Portuguese elections to lead to lack of reform
Oct 02, 2015 04:53 am UTC| Commentary
A coalition between the Socialist Party and the Communist-Green alliance in Portugal is possible but its stability would not be certain. Alternatively, a minority government could also be formed. As a result, political...
U.K. housing construction supported by strong demand
Oct 02, 2015 04:44 am UTC| Commentary Economy
U.K. housing construction data is scheduled to release today. The construction PMI paints a clear picture of the housing sector leading the pack, followed by commercial construction with civil engineering a distant...
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