Guide to today’s important data and events
Feb 01, 2016 06:05 am UTC| Commentary
Lot of economic dockets be released today and some with high risks associated. Data released so far Australia - RBA commodity index is down -25.8% in January from a year ago. Japan - Vehicle sales rose...
RBI unlikely to lower rates on 2 Feb
Feb 01, 2016 05:48 am UTC| Commentary Central Banks
The Reserve Bank of India is unlikely to lower rates further in 2016 after cutting the rate by 50bp in September 2015. The efficacy of rate cuts is expected to depend on the rate of transmission to the lending rate. Till...
Feb 01, 2016 05:45 am UTC| Commentary
Thailands inflation continues to be in the negative territory for the 13th continuous month due to lower oil prices. The countrys headline CPI for January 2016 dropped 0.53%, whereas the core inflation continued to be low...
US GDP growth slows in Q4 mainly due to inventories and net exports
Feb 01, 2016 05:44 am UTC| Commentary
US Q4 2015 GDP grew at an annualised rate of 0.7%, as compared with the growth of 2% in Q3, 3.9% in Q2 and 0.6% in Q1, and is on par with market expectations. This indicates that growth in H1 2015 averaged 2.3% and in H2...
Nikkei strong on BOJ’s policy decision
Feb 01, 2016 03:35 am UTC| Commentary Central Banks
The Bank of Japans decision on last Friday to adopt a negative interest rate policy came as huge surprise to global markets. Today benchmark Nikkei 225 index rallying 1.31% to 17,747.52 points while Tokyos broader Topix...
More complications arise after the introduction of negative rates policy in Japan
Feb 01, 2016 02:46 am UTC| Commentary Central Banks
The Bank of Japan announced last Friday to implement negative interest rates on financial institutions reserves, as a surprising move. In order to mitigate the adverse impact on their earnings, a multiple-tier system will...
RBI to keep rates on hold this week
Feb 01, 2016 02:28 am UTC| Commentary Central Banks
As markets digest the Bank of Japans surprise policy move on Friday, the Reserve Bank of India is expected to keep rates on hold on 2 February (Tue). The focus will be on how the central bank perceives growth-inflation...
U.S. payrolls exceeded expectations significantly, while the unemployment rate dropps to 4.1%.