Singapore Dollar was in top five performers in Asia during November. There is continued disinflationary pressure, however SGD showed resilience. CPI inflation came in below expectations in October and dropped unexpectedl…
Singapore Dollar was in top five performers in Asia during November. There is continued disinflationary pressure, however SGD showed resilience.
CPI inflation came in below expectations in October and dropped unexpectedly. The headline inflation declined from - 0.6%y/y to -0.8% . The core CPI drooped to 0.3%.
Q3 final GDP growth revised from 1.4% to 1.9%. This would not feed through into Q4 GDP growth. Q4 started on a weak footing with retail sales in October slowed their growth to 2.7% and very weak November trade data.
The annual domestic exports of non oil products contracted and annual electronic exports growth rose much slow than anticipated.
"We continue to think there are downside risks to MAS's forecasts that core CPI inflation will rise over the course of 2016 from 0.5% to 2.0% and headline inflation to range -0.5% - 0.5%. Likewise, its forecast for GDP growth to expand from 1.4% to 2-2.5% in 2015 and 2016 seems coptimistic given the slowdown in China, Malaysia and the EU, its top three trading partners", says RBC Capital Markets in a research note.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
