Japan’s manufacturing PMI rises in December as new orders jump at sharpest pace since January

Dec 15, 2016 05:48 am UTC| Commentary Economy

Manufacturing activity in Japan rose during the month of December, following a sharp jump in new orders, which reached the highest levels since January this year. Flash Japan Manufacturing PMI rose to 51.9 in December,...

U.S. Fed hikes rates by 25bps, may hike again mid-2017 – Nordea Bank

Dec 15, 2016 05:46 am UTC| Commentary Central Banks

As was widely anticipated, the U.S. Fed hiked the fed funds rate by 25 basis points to a target range of 0.50-0.75 percent. This is the first rise since December 2015. It was a unanimous decision to hike the rates....

U.S. retail sales miss expectations in November, consumption to grow lower in Q4

Dec 15, 2016 05:44 am UTC| Commentary

U.S. retail sales report for November was disappointing, coming below consensus expectations. It rose just 0.1 percent in sequential terms, as compared with the market forecast of a rise of 0.3 percent. Moreover, Octobers...

New Zealand bonds plunge as Fed makes hawkish outlook; 10-year yields highest in 2016

Dec 15, 2016 05:39 am UTC| Commentary

The New Zealand government bonds plunged Thursday as the U.S. Federal Reserve presented a hawkish outlook in its last monetary policy meeting for 2016 late Wednesday. The yield on the benchmark 10-year bond, which moves...

Australian bonds witness heavy sell-off on hawkish Fed outlook, Yellen presents 25bps rate hike

Dec 15, 2016 05:11 am UTC| Commentary

The Australian government bonds witnessed a heavy sell-off Thursday as investors moved away from safe-haven buying after the Federal Reserve in its last monetary policy statement of 2016 raised short-term interest rate by...

Australian employment jumps in November, higher participation rate signals healthy labor market

Dec 15, 2016 05:10 am UTC| Commentary Economy

Employment in Australia jumped during the month of November, following higher rate of participation that signalled a healthy labor market. Australias level of employment jumped 39,100 from October, more than double...

Asian markets in red as Fed signals more hikes in coming year, gold falls more than 2 pct to $1,134

Dec 15, 2016 03:55 am UTC| Commentary

All the Asian indices were trading on a lower note after the Federal Reserve raised rates for the first time in a year and hinted more hikes in 2017. U.S. gold futures fell around 2.17 percent to $1,134 mark. Silver was...