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...

Chile unemployment rate to rise further in August

Sep 30, 2015 00:26 am UTC| Commentary

Chile employment growth in July was the sharpest in fifteen months but, with the labour force having posted its sharpest rise in eight months, the unemployment rate rose from 6.5% to 6.6% (actually from 6.52% to 6.57%). A...

South Korea's inflation expected to rise slightly in September

Sep 29, 2015 23:43 pm UTC| Commentary

South Koreas headline and core inflation are likely to have rebounded slightly on a year-on-year basis in September. Month-on-month headline inflation is expected at just 0.1%. The rise in fresh food prices ahead of the...