IDR likely to rally further towards 14,000 on the Powell Put as risk of Chinese yuan depreciation remains limited, says Scotiabank

Jun 11, 2019 02:47 am UTC| Commentary Economy

The Indonesian Rupiah is expected to rally further towards 14,000 on the Powell Put as the risk of a sharp depreciation in the Chinese yuan is limited ahead of the G-20 Osaka Summit, while the USD/CNY will remain broadly...

U.S. job openings fall somewhat in April, in line with slowdown in hiring

Jun 10, 2019 17:03 pm UTC| Commentary

Job openings in the U.S. are in line with deceleration in hiring. In April, job openings dropped in April and have plateaued since last year. While openings and quits remain elevated, the leveling off corroborates Fridays...

Canadian housing starts fall in May on drop in multi-family segment, homebuilding pace likely to decelerate

Jun 10, 2019 14:21 pm UTC| Commentary

Canadian housing starts fell 13 percent sequentially to 202.3k units in May. This follows a slightly downwardly revised 233.4k print in April. On a six month moving average basis, starts came in at 202.0k units, somewhat...

U.K. economy makes soft start of Q2, GDP growth contracts sequentially in April

Jun 10, 2019 13:48 pm UTC| Commentary

The U.K. economy made a weak start to the second quarter, showed the latest activity data, with GDP shrinking 0.4 percent sequentially in April to record its steepest monthly fall since March 2016. The outturn was softer...

Swedish household consumption stagnates in April, consumption trend likely to be weaker in Q2

Jun 10, 2019 12:40 pm UTC| Commentary

Swedish household consumption stagnated in April. Furthermore, the trend is likely to be even weaker than the monthly data imply, notes Nordea Bank in a research report. Sequentially, household consumption rose just 0.2...

Indonesian headline inflation accelerates further in May, BI likely to cut rates by 50 bps in 2019

Jun 10, 2019 12:06 pm UTC| Commentary

Indonesian headline inflation accelerated further in May, driven by food inflation. On a year-on-year basis, the consumer price inflation rose to 3.32 percent, the highest reading in 13 months. The acceleration was led by...

U.S. Treasuries plunge ahead of April JOLTs job openings data, short-term 3-year auction

Jun 10, 2019 11:18 am UTC| Commentary Economy

The U.S. Treasuries plunged during Mondays afternoon session, ahead of the countrys JOLTS job openings data for the month of April, scheduled to be released today by 14:00GMT, amid an otherwise silent trading day that...