China’s June PMI surprises on upside, but leading indicators point to weaker cycle in H2

Jul 03, 2017 16:29 pm UTC| Commentary Economy

Chinas leading indicators have pointed to a peak in the cycle since the start of 2017. The countrys June PMI data indicates towards a less downside risks, as it showed a small rise. Chinas Caixin/Markit manufacturing PMI...

Global economy likely to decelerate in 2017 and 2018 due to policy tightening, says Danske Bank

Jul 03, 2017 12:04 pm UTC| Commentary Economy

In the coming years, the moderate recovery of the world economy is expected to continue. However, we project the synchronised recovery will lose some tailwind going forward; hence, we have revised our forecasts for global...

UK gilts slump ahead of 10-year auction, BoE Governor Carney’s speech

Jul 03, 2017 10:50 am UTC| Commentary Economy

The UK gilts slumped Monday as investors await the countrys 10-year auction, scheduled to be held on July 6. Also, the Bank of England (BoE) Governor Mark Carneys speech, due later today will add more clarity to the debt...

Thailand's inflation contracts for 2nd straight month in June, BoT to keep rate steady at 1.50 pct this year

Jul 03, 2017 10:49 am UTC| Insights & Views Economy Central Banks

Government data released on Monday showed that Thailands annual headline consumer prices fell for a second straight month in June, dragged mainly by lower food prices. Headline consumer prices fell 0.05 percent in June...

Eurozone periphery bonds gain after investors shrug-off better-than-expected German manufacturing PMI

Jul 03, 2017 09:48 am UTC| Commentary Economy

The Eurozone periphery bonds gained Monday on rising demand for safe-haven assets and as investors have largely shrugged off the slightly higher-than-expected German manufacturing PMI for the month of June. However, the...

USD/INR seen holding within the narrow range of the past three months for now, says Commerzbank

Jul 03, 2017 08:23 am UTC| Commentary Economy

The nationwide goods and services tax (GST) has come into effect from July 1. In announcing the start of the GST, Finance Minister Arun Jaitley painted an upbeat message, saying it will ease inflation, make tax avoidance...

RBA unlikely to deliver hawkish tone in line with other central banks, says ANZ Research

Jul 03, 2017 06:52 am UTC| Commentary Central Banks Economy

Following the surprising tilts from the European Central Bank, the Bank of England, and the Bank of Canada (BoC) last week, the market is on the hunt for more hawkish central bank surprises. However, the Reserve Bank of...