UK September services PMI surprises modestly on the upside

Oct 05, 2016 15:38 pm UTC| Commentary

Data released earlier on Wednesday showed UK service sector continued to recover from Julys EU referendum-induced shock. There was some slippage in the headline balance which eased to 52.6 from 52.9 in August. However, it...

China Crisis Series

IMF warns on dangerous pace of credit growth in China

Oct 05, 2016 15:34 pm UTC| Commentary

In an update to its World Economic Outlook on Tuesday, the International Monetary Fund warned that Chinas dependence on debt is growing at a dangerous pace and called for authorities to act to head off a brewing crisis in...

China extends 500 million yuan in subsidies to support public-private partnerships

Oct 05, 2016 14:55 pm UTC| Commentary

China has explored funding infrastructure and public works through the public-private partnership model since 2013 amid concern over rising local government debt. In May 2015, Chinas National Development and Reform...

Eurozone composite PMI hits 20-month low; growth slows in Germany, Italy and Spain

Oct 05, 2016 14:09 pm UTC| Commentary

Markits final composite Purchasing Managers Index for the euro zone released earlier today showed that Eurozone business activity in September expanded at its weakest rate since the beginning of 2015 last month. The final...

ECB far from pull back on stimulus measures, global markets roiled on mere 'taper talks'

Oct 05, 2016 13:46 pm UTC| Commentary

At its policy meeting on September 3, the ECB kept stimulus package unchanged and left the question unresolved of whether bond purchases will be extended, leaving investors guessing on when and how the program will...

Chart of the Day Series

US Election Series

Chart of the Day: US election to determine Peso's fate

Oct 05, 2016 13:44 pm UTC| Commentary

This chart is basically a Goldman Sachs forecast for Mexican Peso. The analysts at Goldman forecasting the peso at 24 per dollar if Donald Trump wins. Why not? so much is at stake here. Mexico might have to pay for...

Commodities snapshot (precious & industrial)

Oct 05, 2016 13:22 pm UTC| Commentary

Metal pack is mixed today. Performance this week at a glance in chart table - Gold: Gold is up today but is more like a dead cat bounce after yesterdays massive decline. Todays range $1266-1277 We expect gold...