Malaysia maintains fiscal discipline; USD/MYR likely to trade around 4.15 by end-2016

Oct 25, 2016 08:46 am UTC| Commentary Economy

The Malaysian government underlined their commitment to fiscal consolidation when they unveiled Budget 2017 last week. Cutbacks to spending for this year were outlined to keep the fiscal deficit at 3.1 percent of the gross...

Bank of Canada renews inflation targeting mandate for next five years, still targets 2 pct with tweaks

Oct 25, 2016 06:53 am UTC| Commentary Economy

The Canadian central bank and the Federal Department of Finance yesterday stated the renewal of the Bank of Canadas inflation targeting mandate for the next five years, noted TD Economics. The central bank would keep on...

U.S. home price index likely to maintain modest support in August

Oct 25, 2016 06:49 am UTC| Commentary Economy

The home price index in the United States is expected to have remained modestly upbeat during the month of August. However, this is likely to yield modest downward pressure on the composite-20 measure on a y/y basis, to...

U.S. consumer confidence likely to decline below the 100-point threshold mark in October

Oct 25, 2016 06:25 am UTC| Commentary Economy

Consumer confidence in the United States is likely to have declined during the month of October, dropping below the 100-point threshold mark that separates optimism from pessimism. The October Conference Board consumer...

U.S. manufacturing PMI shows strong improvement in October as output, new orders rise

Oct 25, 2016 05:55 am UTC| Commentary Economy

Manufacturing conditions in the United States witnessed a strong improvement during the month of October, buoyed by asharp rise in output as well as new orders. Also, higher demand helped lift the countrys manufacturing...

Canada’s wholesale trade climbs for fifth straight month in August, agri goods' demand extend help

Oct 25, 2016 05:38 am UTC| Commentary Economy

Wholesale trade in Canada climbed for the fifth straight month during the period of August, with demand for agricultural supplies and farm equipmentextending help to the rise. Month-over-month wholesale trade rose 0.8...

Australia consumer confidence falls sharply on deterioration in financial, economic outlook

Oct 25, 2016 05:16 am UTC| Commentary Economy

Consumer confidence in Australia fell sharply during the week ended October 23, largely driven by deterioration in consumers outlook of the future financial and economic conditions of the country. The ANZ-Roy Morgan...