Daily Economic Outlook: 2nd October, 2015
Oct 02, 2015 04:36 am UTC| Commentary
The key focus for today will be on the US labour market report for September. Following the FOMCs decision not to increase policy rates last month, speculation has remained over the timing of the first hike. Comments from...
Asian markets slip in light trade before US payrolls
Oct 02, 2015 02:50 am UTC| Commentary
Asian markets were off to a soft start on Friday as traders braced themselves for the upcoming US non-farm payrolls report - the next piece in the Feds economic puzzle. Federal Reserve (Fed) watchers will get another...
South Korea August current account: more recycling of the surplus
Oct 02, 2015 02:28 am UTC| Commentary
The current account narrowed to USD8.5bn in August (July: USD9.3bn; June: USD12.1bn), sharply above the forecast of USD6.5bn. The reasons for the smaller surplus were consistent with the previous month - a narrowing in the...
INR bond market liberalisation takes a leap forward
Oct 02, 2015 02:20 am UTC| Commentary
RBI releases transparent medium-term framework for greater foreign investment in IGBs. Allowed foreign investment in central government bonds will be increased by USD18.2bn over the next 10 quarters. The RBI announced that...
Implications of MAS policy on SGD rates
Oct 02, 2015 02:10 am UTC| Commentary Central Banks
It is believed that re-centring would provide the best outcome for fixed income markets as markets price out uncertainty around further MAS easing. On the other hand, a move to a zero slope would be the worst outcome for...
US September ISM didn’t drop below 50 but it might as well have
Oct 02, 2015 02:02 am UTC| Commentary
US September ISM didnt drop below 50 but it might as well have. The overall reading of 50.2 was a full point below Augusts and 3.5 points below Junes - a third consecutive drop in as many months. Orders were notably flat...
Singapore PMIs continue to disappoint
Oct 02, 2015 01:48 am UTC| Commentary
Singapore PMIs continue to disappoint, pointing to more downside risks on the manufacturing sector. Latest manufacturing PMI slumped to 48.6, down from 49.3 previously. This is the lowest reading since Dec12. Likewise,...
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