BoJ under pressure as retail sales continue to decline

Jan 28, 2016 09:42 am UTC| Commentary Central Banks Economy

Japans December retail sales dropped more than expected, suggesting slow economic growth in the fourth quarter due to sluggish household spending. While the markets expect further monetary easing from the BoJ, the downbeat...

Domestic demand driving GDP growth in Philippines

Jan 28, 2016 02:14 am UTC| Commentary Economy

Philippiness November2015 import growth came in at 10.1% (YoY) earlier this week, remains indicative of a strong domestic demand. In particular, the imports of capital goods continue its upward trend. Total investment...

Mexican economy likely to boost manufacturing production in 2016

Jan 27, 2016 22:58 pm UTC| Commentary Economy

Mexico is an oil producing and exporting nation and this is the reason most economists blamed the falling crude oil prices for the Peso depreciation and currency imbalance. In May of 2014, a short 20 months ago the Peso...

Mexican economy likely to expand 0.6% q/q

Jan 27, 2016 22:26 pm UTC| Commentary Economy

Barclays has revised up the growth outlook for the Mexico from 0.2% to 0.6% in Q4 2015. According to the latest economic data, the Mexican economy expanded 0.1% m/m sa in November, stronger than expected (-0.4%) as result...

China Crisis Series

China Jan PMI data likely to heighten concerns of a deeper slowdown

Jan 27, 2016 15:02 pm UTC| Commentary Economy

Chinas Jan PMI data is likely to have contracted for the sixth consecutive month in January, a Reuters survey showed. Reuters forecasts official manufacturing Purchasing Managers Index (PMI) likely edged down to 49.6 in...

Italy bad bank deal done

Jan 27, 2016 11:45 am UTC| Commentary Economy

Italy and European Union has reached an agreement, where a guarantee scheme will be in place to help Italian banks to place their large non-performing asset portfolio to private investors in a bid to free up the capital of...

China Crisis Series

Falling China’s industrial profits puts PBoC in a tough spot

Jan 27, 2016 11:24 am UTC| Commentary Economy Central Banks

Chinas industrial profits decreased by 2.3 percent y/y for the year 2015, as compared with previous years gain of 2.2 percent, suggesting that a need for deleveraging in Chinas industrial sector. Mining sector was hit hard...