US Q3 GDP tracking 1.6% after advance August trade data
Sep 30, 2015 03:25 am UTC| Commentary
A sharp widening is shown in the nominal goods deficit in the Census Bureaus August report on international trade in goods. Nominal goods exports are estimated to have declined 3.5% m/m, while imports rose 1.8% m/m....
Asian markets recoil previous sharp losses as risk sentiment rebounds
Sep 30, 2015 02:55 am UTC| Commentary
Asian markets were in much better shape on Wednesday morning than where they closed yesterday, with investors taste for risk sweetening, while the weaker yen supported Japanese stocks despite weak economic data....
US home prices fell for a fourth month in a row in July
Sep 30, 2015 02:21 am UTC| Commentary
Case-Shiller home prices fell for a fourth month in a row in July. The 0.1% (MoM, sa) drop left on-year price appreciation at 5% for the country as a whole. The drop is puzzling given that most other housing data - sales,...
Reserve Bank of India surprises with a 50bps cut
Sep 30, 2015 02:15 am UTC| Commentary Central Banks
The Reserve Bank of India (RBI) surprisedwith a 50bps cut in the Repo rate to 6.75% on Tuesday vs expectations of a 25bps reduction. This bunched-up move was likely driven by three reasons: a) comfort with the evolving...
Immediate results from new Indonesia's policy measures unknown
Sep 30, 2015 01:57 am UTC| Commentary
In a bid to boost US dollar liquidity onshore, the Indonesian government has announced plans to cut tax on interest income (currently at 20% for all bank deposits) for exporters who deposit their earnings in local banks....
The dichotomy between falling exports and recovering domestic demand in South Korea
Sep 30, 2015 01:44 am UTC| Commentary Economy
The trade and production data are due tomorrow. It has been reported that exports contracted 7.0% (YoY) in the first 20 days of Sep15, a smaller decline compared to -12.1% in the same period of Aug15. But the full-month...
New Zealand businesses confidence up, but still low in September
Sep 30, 2015 00:52 am UTC| Commentary
After falling for the past five months, business confidence picked up in September. Given the extent of the recent falls in confidence, as well the recent recovery in dairy prices, some recovery in confidence is...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Why Germany ditched nuclear before coal – and why it won’t go back
Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight