Eurozone retail sales rebound from 2-month low in October, beats market expectations

Dec 05, 2016 10:58 am UTC| Commentary Economy

Retail sales in the eurozone rebounded from a 2-month low in October, largely beating market expectations. In October 2016 compared with September 2016, the seasonally adjusted volume of retail trade rose by 1.1 percent...

EM Asian currencies likely to suffer in near term from Donald Trump’s policies, says Commerzbank

Dec 05, 2016 10:21 am UTC| Commentary Economy

EM Asian currencies are expected to suffer further from U.S. President-elect Donald Trumps policies and the prospect of ECB QE tapering. The Fed remains on track for a rate rise in December after U.S. November NFP data...

Central Banking Series

RBI likely to slash repo rate as government’s demonetization move impinges upon economic growth outlook

Dec 05, 2016 09:39 am UTC| Commentary Economy Central Banks

The Reserve Bank of India (RBI), led by Governor Urijit Patel, is expected to slash the benchmark repo rate at the two-day bi-monthly monetary policy meeting scheduled to be held on December 7, following the ongoing...

Wolfgang Schäuble talks tough on Greek debt relief, leaves Grexit open

Dec 05, 2016 09:10 am UTC| Commentary Economy

German Finance Minister Wolfgang Schuble talked tough on Brexit by suggesting the debt relief wouldnt help Greece and regardless of that, Athens would have to pursue economic reforms. As of now, debt in Greece stands at...

India’s service sector activity plunges in wake of demonetization, composite PMI drops below 50

Dec 05, 2016 08:51 am UTC| Commentary Economy

The performance of Indias service sector drastically deteriorated in November as a result of cash shortages. New business declined for the first time since June 2015, leading to a solid reduction in activity. The...

Renminbi Series

Renminbi Series: HIBOR on the rise (again)

Dec 05, 2016 08:01 am UTC| Commentary Economy

The yuan-based Hong Kong Interbank Offered Rate (yuan-HIBOR) is on the rise again. Today it rose for thesixth consecutive trading day and jumped by 5.2 percent to trade at 12.4 percent. In the previous week, it rose by 5.8...

Australia business indicators remain mixed in Q3; GDP data in focus

Dec 05, 2016 07:12 am UTC| Economy Commentary

Australian business indicators remained mixed during the third quarter of this year, with the market closely eyeing the periods gross domestic product (GDP) data, which is expected to remain unchanged. Business...