Nikkei falls ahead of BOJ statement
Jan 29, 2016 03:30 am UTC| Commentary
Asian markets are trading on mix note while traders are eagerly waiting for the BOJ statement and interest rate decision. The benchmark Nikkei 225 index shed 0.62% to trade at 16,935.64 points, while Tokyos broader...
Disappointing data add pressure on the BOJ
Jan 29, 2016 02:54 am UTC| Commentary Economy Central Banks
The December2015 data out yesterday and today were disappointing. A biggerthan-expected decline was seen across industrial production (-1.4% MoM sa), household spending (-4.4% YoY) and retail sales (-0.2% MoM sa). Headline...
Philippines back to 6% GDP growth in 2016
Jan 29, 2016 02:41 am UTC| Commentary
Philippiness 4Q15 GDP growth came in at 6.3% (YoY), above the expectations for a 5.7% print. That brought full-year 2015 GDP growth to 5.8%, a moderation from the 6.1% chalked in fixed capital formation (GFCF) growth...
It’s a sobering picture on the labour market in Singapore
Jan 29, 2016 02:16 am UTC| Commentary Economy
Singapores employment growth has moderated sharply, although unemployment rate remains low at 1.9% sa. Only 31,800 jobs were added over the entire year. This is way lower than in previous years. In fact, the growth in 2015...
Canadian economy faces downturn due to falling oil prices
Jan 28, 2016 23:14 pm UTC| Commentary Economy
BOC kept its benchmark interest rate unchanged in January meeting. Moreover, Canadian dollar hit 13 year low against US dollar. Falling oil prices are also the major driver behind the commodity-based loonies losses.There...
ECB likely to ease further in Q1 2016
Jan 28, 2016 22:36 pm UTC| Commentary Central Banks
The recent free fall of oil prices and global growth worries have put the ECB to act again in near future. Moreover in last December, Fed also hiked the interest rates and now market raised questions about the ECBs ability...
Oil price enjoying roller coaster movement under facts and rumours
Jan 28, 2016 22:00 pm UTC| Commentary
The recent free fall of oil prices made the global economy in to threat. Prices were down by as much as 3% and were trading at below $30 per barrel. But the recent correction was driven by news that Russia has decided to...
U.S. payrolls exceeded expectations significantly, while the unemployment rate dropps to 4.1%.