BSP likely to hike 25 bps each in both Q2 2017 and Q1 2018, says DBS Research
Sep 15, 2017 04:52 am UTC| Commentary Central Banks Economy
Bangko Sentral ng Pilipinas (BSP) is scheduled to next week and markets are looking for cues on the policy trajectory going forward. BSP has kept rates steady so far this year. We remain of the view that the central bank...
Asian markets mixed, gold hovers around $1,330 mark
Sep 15, 2017 04:30 am UTC| Commentary
All the major Asian indices were trading on a mixed note on Friday. Gold was trading around $1,330 mark while silver was trading around $17.75 mark. Japans Nikkei was trading 0.53 pct higher at 19,908.50 points. Hong...
Global Geo-political Series: Market reacts calmly as North Korea’s IRBM flies through Japan
Sep 15, 2017 04:18 am UTC| Commentary
The financial market is reacting calmly to the latest provocation from North Korea, which fired an Intermediate range ballistic missile (IRBM) through the airspace of Japan. According to reports, the missile reached an...
Sep 15, 2017 03:26 am UTC| Commentary Economy
The Australian bonds continued to incur losses, albeit at a slower pace after U.S. Treasury yields rose in the overnight session, with the two-year yield hitting a seven-week peak as domestic consumer prices rose,...
New Zealand’s annual current account deficit likely unchanged at 3.1 pct of GDP in Q2 - Westpac
Sep 14, 2017 22:58 pm UTC| Commentary
New Zealands annual current account deficit is expected to have remained the same in the second quarter. According to a Westpac research report, the current account deficit is likely to have stayed at 3.1 percent of the...
New Zealand housing turnover bounces in August, but overall trends remain weak
Sep 14, 2017 22:44 pm UTC| Commentary
Housing turnover in New Zealand managed to bounce in August in seasonally adjusted terms. Housing sales volume rose 4.7 percent sequentially after falling consecutively in the prior two months. However, on a year-on-year...
Hungarian central bank’s monetary policy likely to stay dovish in medium term – Erste Group
Sep 14, 2017 22:26 pm UTC| Commentary
In September 2016, the overhaul of the Hungarian monetary framework reached a new milestone as the 3M deposit was capped and would be lowered to HUF 300 billion by end-September. According to an Erste Group research...