US trade deficit widens in December, strong dollar and weak foreign growth likely to drag growth

Feb 08, 2016 06:24 am UTC| Commentary Economy

US recorded trade deficit of $43.4bn in December, on par with Barclays forecast of $43.5bn and consensus expectations of $43.2bn. In December, nominal goods exports dropped 0.6% m/m, as compared with the earlier estimate...

Canada’s January unemployment rate increases, likely to remain high in H1 2016 on lower oil prices

Feb 08, 2016 06:01 am UTC| Commentary

In January, Canada lost 5,700 jobs, raising the jobless rate to 7.2%. The total employment rose just 07%, adding 126,000 jobs in the 12 months ending January 2016. The full-time employment and part-time employment remained...

Emerging Market Crisis Series

Russia’s January CPI inflation slows considerably over base effects, likely to accelerate slightly in Q2

Feb 08, 2016 05:08 am UTC| Commentary

Russias January 2016 CPI inflation decelerated greatly to 9.8% from 12.9% in December. The slowdown in the CPI inflation was mainly due to the base effects as monthly inflation accelerated 1%, equal to the 10-year average....

Guide to today’s important data and events

Feb 08, 2016 04:49 am UTC| Commentary

Not many economic dockets scheduled for today and all with low to medium risks associated. Data released so far Japan - Labour cash earnings rose by just 0.1% from a year ago in December. Australia - ANZ...

US jobless rate falls to eight-year low of 4.9% in January

Feb 08, 2016 04:30 am UTC| Commentary

The US non-farm payrolls in January grew 151,000, slightly below the consensus expectations of a gain of 190,000. In detail, manufacturing employment rose by just 29,000 in January, while retail employment increased...

Silent start of the Asian stocks as many Asian markets closed for Lunar New year holiday

Feb 08, 2016 03:59 am UTC| Commentary

Asian stocks are trading slightly on lower note after mixed US job data released on last Friday. The number of payrolls rose a tepid 151,000 last month, missing the 190,000 jobs expected by analysts. In addition, jobless...

Currency War Series

Czech National Bank extends commitment to support CZK, probable exit in the H1 17'

Feb 05, 2016 16:33 pm UTC| Commentary Central Banks

The Czech National Bank has prolonged its FX commitment to support the CZK until at least end-2016. The banks board now sees a probable exit in the H1 17. Thus, the hard commitment (where CNB ensures the floor for the...