Daily Economic Outlook: 1st December, 2015

Dec 01, 2015 05:46 am UTC| Commentary

The manufacturing PMIs for November will in focus. The eurozone numbers are expected to remain steady. First estimate of the U.K. and the U.S. (ISM) will be released.Financial Stability Report of Bank of England will draw...

Strain in trade relations with Russia likely to hit Turkey

Dec 01, 2015 05:31 am UTC| Commentary

There will be a decline in the trade relations between Turkey and Russia, which will mostly hit the Turkish economy. Trade related income of Turkey from Russia is c. 2% of the countrys GDP, amounting to USD 15-16 bn, which...

Denmark GDP likely to improve next year

Dec 01, 2015 05:28 am UTC| Commentary

Denmark GDP posted -0.1% growth rate in Q3 2015 after the for seasonal fluctuations and price changes are adjusted. The sluggish growth rate export sector could not offset by the better performance of domestic consumer...

Russian sanctions to weigh on Turkish growth prospects and delay CBR cuts

Dec 01, 2015 05:25 am UTC| Commentary Central Banks

As expected, Russia imposed economic sanctions on Turkey for shooting down its warplane on November 24, 2015. Turkeys income from Russia on trade related basis is c. 2% of its GDO, with Russia limiting exposure to Turkey,...

Thailand’s inflation likely to turn positive in 2016

Dec 01, 2015 05:12 am UTC| Commentary

Thailands inflation data gave a downward surprise to the analysts. This surprise is because of two factors first due to low energy prices and another is base effects. Due to the base effects, the low inflation rate is...

Strong USD uptrend to weigh on AUD/USD over coming months

Dec 01, 2015 05:12 am UTC| Commentary

Since Australias last meeting, the Australian Dollar rose from USD 0.715 to USD 0.725, in spite of the drop in iron ore price to USD 43 from USD 49, along with a 5% decline in Westpacs commodity price index.With one month...

Currency War Series

RBA leaves cash rate unchanged, likely to be on hold till February

Dec 01, 2015 04:41 am UTC| Commentary Central Banks

Reserve Bank of Australia has decided to leave the cash rate same at 2.0%, as broadly expected and markets were not surprised at this decision. Australias domestic economy growth is seen as moderate but there is a slow...