Australia wage price growth remains stagnant in Q2 y/y, remains at record-low

Aug 17, 2016 06:29 am UTC| Commentary

Australian wages grew at the slowest pace in the past one year, largely remaining stagnant during the second quarter, compared to the same period a year ago. Wage growth in Australia advanced a seasonally adjusted 2.1...

Singapore July exports plunge sharply on decline in orders from major trading partners

Aug 17, 2016 06:17 am UTC| Commentary

Singapores exports plunged sharply in July, falling to four-month low as orders from major trading partners such as China, Indonesia and the United States dropped. Also, the Singaporean dollar fell as the trade report...

New Zealand bond yields snap gains at close despite strong employment data

Aug 17, 2016 06:14 am UTC| Commentary

The New Zealand bond yields snapped previous gain at the close of trading Wednesday despite market witnessing better than expected employment figures. The yield on the benchmark 10-year bond fell 1 basis point to 2.200...

US housing starts rise in June; near-to medium-term homebuilding outlook remains favorable

Aug 17, 2016 06:13 am UTC| Commentary Economy

US housing starts increased in June, surpassing expectations of a modest pullback. Housing starts rose by 25,000 units to 1,211k (annualized), as compared with expectations to a decline to 1,180k. But the earlier two...

Canada’s manufacturing sales recover slightly in June

Aug 17, 2016 06:09 am UTC| Commentary Economy

Manufacturing sales in Canada rebounded slightly in June and came in slightly higher than consensus projection. Manufacturing shipment rose 0.8 percent, following a decline of 1 percent in May. Consensus expectation was...

Fed Hike Aftermath Series

Fed Hike Aftermath Series: Hike odds climb to 50 percent on policymakers’ comments

Aug 17, 2016 06:09 am UTC| Commentary Central Banks Economy

The market is now evenly divided in its opinion of a rate hike from the U.S. Federal Reserve. After the Britons voted to exit from the European Union in the June referendum, hike odds for this year declined to 10 percent,...

China’s power consumption jumps three-fold in July

Aug 17, 2016 06:07 am UTC| Commentary Economy

Power consumption by China jumped more than three-fold during the month of July, compared to the same period a year ago, data released by the countrys economic planner confirmed Tuesday. In July alone, electricity...