Oil in Global Economy Series

US economic rebound on track despite weakness in oil and gas sector

Mar 03, 2016 07:05 am UTC| Commentary Economy

The Feds recent Beige Book for February shows that economic activity in most of the Federal Reserve Districts increased. In Dallas and New York Districts, activity changed slightly, whereas it fell moderately across the...

Guide to today’s important data and events

Mar 03, 2016 06:29 am UTC| Commentary

Lot of economic dockets scheduled for today but all with low to medium risks associated. Data released so far New Zealand - ANZ commodity price rose by 0.4% in February after -2.3% slump in January. Australia...

Construction work likely to be New Zealand’s main growth driver in coming years

Mar 03, 2016 06:25 am UTC| Commentary

New Zealands total building work put in place expanded 2.5% in Q4, as compared with Q3s growth of 0.5%. Market had priced in a growth of 2%. The growth was mainly driven by solid activity in the residential building...

Currency War Series

Emerging Market Crisis Series

BCB likely to start easing policy by August 2016

Mar 03, 2016 05:49 am UTC| Commentary Central Banks

The Central Bank of Brazil decided to keep the interest rate on hold. It reiterated the rational of its previous communiqué, which is that the Copom took the decision after assessing the macroeconomic situation,...

Australia’s trade deficit narrows in January, AUD’s decline puts upward pressure on value of trade

Mar 03, 2016 05:28 am UTC| Commentary

In December, Australias trade deficit had widened to $3.5bn from Novembers $2.8bn. However, it was majorly reversed in January, where the deficit narrowed to $2.9bn. The print was better than the market median forecast of...

Major Asian markets trading higher, Gold hovers around $1240

Mar 03, 2016 03:18 am UTC| Commentary

Most Asian markets are trading on a higher note on Thursday. Hang seng is the only index which is trading on a lower note. From the data front from US, ADP job data released with positive numbers at 214K m/m vs 193K m/m...

Stronger than expected Canada Q4 growth has little to cheer about

Mar 02, 2016 16:45 pm UTC| Commentary

Data released on Tuesday showed that Canadas Q4 GDP beat estimates, printed at +0.8%q/q annualized compared to consensus for 0.0%. December m/m GDP was also slightly firmer. But the detail was less encouraging. Growth...