Japanese economic growth likely to have slowed down in Q2

Aug 08, 2019 18:33 pm UTC| Commentary

The Japanese second quarter GDP growth data is set to release tomorrow. According to a DBS Bank research report, the headline growth is likely to have slowed down to 0.6 percent on a quarter-on-quarter basis from 2.2...

Philippine central bank cuts interest rate by 25 bps to 4.25 pct, likely to cut further by 25 bps in Q4

Aug 08, 2019 16:14 pm UTC| Commentary Central Banks

The Philippine central bank, BSP, lowered its Overnight Repurchase Rate by 25 basis points to 4.25 percent today, as was widely anticipated. The BSP cited that prospects for global economic activity are likely to remain...

Singaporean retail sales fall more than expected in June, outlook remains soft in H2 2019

Aug 08, 2019 13:46 pm UTC| Commentary

Singaporean retail sales dropped more than anticipated in June. On a year-on-year basis, retail sales dropped 8.9 percent, owing to the drag from auto sales again. Sequentially, retail sales fell 2.2 percent. Auto sales...

Philippine economy grows below market expectations in Q2 2019, growth likely to bounce-back in H2

Aug 08, 2019 12:57 pm UTC| Commentary

Philippine economic growth came below market expectations in the second quarter. On a year-on-year basis, the GDP grew 5.5 percent, the softest since the first quarter of 2015. Domestic demand growth dropped to 2.6 percent...

USD/INR likely to consolidate around 71 on back of RBI smoothing excessive rupee movements, says Scotiabank

Aug 08, 2019 07:24 am UTC| Commentary Economy

The USD/INR currency pair is expected to consolidate around 71 for now, on the back of the RBI smoothing excessive rupee movements with fluctuating foreign reserves. In the medium term, the INR will likely recoup some of...

FxWirePro: Asian markets noticeably up, gold trades flat at $1,500 mark

Aug 08, 2019 04:37 am UTC| Commentary

All the major Asian indices were trading on a higher note on Thursday. Gold was trading around $1,500 mark while silver was trading around $17.12 mark. Japans Nikkei was trading 0.40 pct higher at 20,598.55...

RBI cuts policy repo rate by 35 bps to 5.40 pct, likely to cut further by 50 bps

Aug 07, 2019 11:37 am UTC| Commentary Central Banks

The Reserve Bank of India cut its policy repo rate by 35 basis points to 5.40 percent today, maintaining the accommodative stance. The MPCs vote was unanimous. However, it was split 4-2 in favour of a 35 basis points cut...