Oil prices falls for 7th week in a row
Aug 18, 2015 03:26 am UTC| Commentary
Oil prices are starting the new week of trading with further losses after ending last week down for the seventh consecutive week, the longest losing streak since the beginning of the year. Brent has dipped below $49 per...
Recent PHP weakness should help boosting private consumption
Aug 18, 2015 03:24 am UTC| Commentary
Philippines remittances increased by 6.1% in June, and averaged 5.7% growth in Q2. The pace of improvement remains satisfactory, although for 1H 2015 remittances growth of 5.6% y/y was slightly lower than the 6.9% in 1H...
Poland's Q2 GDP data were weaker than expected
Aug 18, 2015 00:46 am UTC| Commentary
Polands Q2 GDP data were weaker than expected, but core inflation accelerated to 0.4% y/y as expected. Following the GDP data, the zloty sold off hard in anticipation that NBP may soon signal renewed rate cuts - PLN-HUF...
RBA to release its August meeting Minutes today
Aug 18, 2015 00:20 am UTC| Commentary Central Banks
The Reserve Bank of Australia (RBA) will release the minutes of its August meeting during the night. However, we should not read too much into these statements. For Australia, economic developments in China, its largest...
Taiwan's current account surplus is sizeable and likely to remain so
Aug 17, 2015 23:44 pm UTC| Commentary Economy
Taiwans current account surplus rose strongly to 16.8% of GDP in Q1 2015 from 14% in Q4 2014. Surges in the trade surplus alone contributed around 3pp to the increase, thanks to sharply reduced commodity import prices. The...
US new residential building activity probably took a breather in July
Aug 17, 2015 23:20 pm UTC| Commentary
Offsetting movements in single-family and multifamily construction activity probably left the number of new housing units started little changed at a seasonally adjusted annual rate of 1.175 million in July, following the...
Chile’s economic growth decelerated in Q2 despite the improvement in June
Aug 17, 2015 22:47 pm UTC| Commentary
Chiles economy grew at the fastest pace in five months in June at 2.7% yoy. Yet, given the earlier growth weakness, the economy likely grew at 1.7% yoy in Q2, the slowest growth in three quarters and a slowdown from 2.4%...