Below target China inflation data leaves room for more stimulus from PBoC

Aug 09, 2016 12:29 pm UTC| Insights & Views Economy

Data released earlier on Tuesday by the National Bureau of Statistics showed that Chinas CPI inflation came in at 1.8 percent y/y in July, largely in line with market expectations and compared to 1.9 percent in June. On a...

Brazilian economy continues to contract heavily; unlikely to recover in near-term

Aug 09, 2016 12:23 pm UTC| Commentary Economy

The Brazilian economy is likely to have continued shrinking heavily. In the first quarter of this year, economic activity shrank 6.3 percent on annual basis and 5.4 percent on quarter-on-quarter basis after a 6.3 percent...

Worrisome Signs Series: Decline in private investments points to looming recessionary possibilities

Aug 09, 2016 11:50 am UTC| Commentary Economy

After reaching $2.77 trillion in thefirst quarter of 2006, the real gross private domestic investments started declining and by the time U.S. economy entered recession it was down to $2.5 trillion and after which it...

China’s credit growth on gradual downward spiral

Aug 09, 2016 10:41 am UTC| Commentary Economy

Chinas credit and bank lending growth is likely to be on a gradual downward trend. Chinas top policymakers have not made any major changes to their tone. Managing credit risks continueto be a top priority. According to a...

UK industrial production grows 0.1 pct month-on-month in June

Aug 09, 2016 10:30 am UTC| Commentary Economy

UKs industrial output grew 0.1 percent on sequential basis in June, consistent with consensus projection of 0.1 percent. Junes figure partially retraces Mays 0.6 percent month-on-month decline in production. In overall...

Germany’s seasonally adjusted trade surplus narrows in June on higher imports

Aug 09, 2016 09:19 am UTC| Commentary Economy

Germanys seasonally adjusted trade surplus narrowed in June as imports grew more than exports. On seasonally adjusted basis, exports rose 0.3 percent month-on-month in June, while imports grew 1 percent. Germans official...

EC gives more time to Spain and Portugal to balance budget

Aug 09, 2016 09:19 am UTC| Commentary Economy

The European Council (EC) avoided what could have turned out a bitter feud by granting Spain and Portugal additional time to balance their budget. European council confirmed that it was cancelling sanctions on the two...