IMF raises concerns on China's financial market accessibility
Jul 24, 2015 07:00 am UTC| Commentary Economy
The preliminary Caixin/Markit manufacturing PMI for July was softer than expected 48.2. It is the fifth straight month of contraction and more pertinently, it is the lowest reading in 15 months. The recent correction in...
Chinese data and threat of downgrade of AAA rating create pressure on AUD
Jul 24, 2015 07:00 am UTC| Commentary
A notably disappointing PMI in China put pressure on AUD last night. AUD-USD eased to the lowest level in about six years at 0.7272. After all the leading indicator causes doubts about the recently positive Chinese GDP...
Singapore’s medium term growth rate moderating to 3%
Jul 24, 2015 06:52 am UTC| Commentary
IMF said yesterday that it sees Singapores medium term growth rate moderating to 3% given the lower rate of labour force growth. It warned of the downside risks, including A prolonged slowdown in global economy and...
Experts focus on EUR-USD movement
Jul 24, 2015 06:49 am UTC| Commentary
EUR-USD pair traded notably stronger yeasterday morning and even breached the 1.10 mark caused everybody surprise. The market experts could not come up with any immediate cause for the move. Neither had there been any data...
Euro area supply/demand outlook to support market over next few weeks
Jul 24, 2015 06:28 am UTC| Commentary
Less number of activities are found this week in the euro area. Greece made payments to the IMF and the ECB on Monday and passed the reform bill in the parliament on Wednesday. Formal negotiations for the third bailout...
New home sales to take breather after reaching 8-year high
Jul 24, 2015 06:20 am UTC| Commentary
Demand for housing (both new and existing) increased being supported by improved employment and income. The demand for new home reached to an eight-year high in May. However, Societe Generale expects new home sales to...
Euro area PMIs to soften heading into Q3
Jul 24, 2015 05:46 am UTC| Commentary
The average PMI levels for both the manufacturing and service sectors have been consistent with GDP growth of 0.4% in Q2. In H2, an overall softening of the PMIs is expected as the euro area continues its cyclical...
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