India's April trade deficit probably narrowed
May 13, 2015 04:57 am UTC| Commentary
India will release April trade data during the week of 11 May. The trade deficit to have narrowed to USD 9.5bn from USD 11.8bn in March, accroding to Standard Chartered. Exports likely contracted again (declining 20% y/y,...
Australia's wages surprise on the low side
May 13, 2015 04:50 am UTC| Commentary
Total hourly wage rates ex bonuses (WPI) in Australia rose just 0.5% in Q1, below the markets expectation for a 0.6% print. This matches the last record soft print of 0.5% in September quarter 2009.Following three...
South Korea's weak domestic demand constrains job creation
May 13, 2015 01:42 am UTC| Commentary
The seasonally adjusted unemployment rate held steady at 3.7% in April, after ticking lower in March from a February high (March: 3.7%; February: 3.9%; January: 3.4%), in line with consensus.The economy was expected to...
Malaysia's GDP growth likely to have risen 5.4% y/y in Q1
May 12, 2015 22:09 pm UTC| Commentary
Malaysia will release Q1 GDP data on 15 May (initially scheduled for 14 May). Q1 GDP growth of 5.4% y/y; this implies that growth slowed to 0.4% q/q on a seasonally adjusted basis from 2.0% in Q4-2014.Private consumption...
US April consumer spending may show continued torpor
May 12, 2015 21:46 pm UTC| Commentary
US Retail sales have disappointed the consensus view for four months in a row, giving the April reading (Wednesday, 08:30 ET) particular importance.A fifth disappointment is expected as the headline dropping 0.2% m/m,...
No change expected in BSP’s policy rate decision
May 12, 2015 21:32 pm UTC| Commentary
Bangko Sentral ng Pilipinas (BSP) will announce its policy rate decision on 14 May. BSP is expected to keep the reserve repo and special deposit account (SDA) rates on hold at 4% and 2.5%, respectively; it sees no urgency...
India's April trade deficit expected to have narrowed
May 12, 2015 21:15 pm UTC| Commentary
India will release April trade data during the week of 11 May. The trade deficit is expected to have narrowed to USD 9.5bn from USD 11.8bn in March.Exports likely contracted again (declining 20% y/y, versus 21% in March)...
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