Daily Economic Outlook: 4th November 2015

Nov 04, 2015 05:14 am UTC| Commentary

Fed-Vice chair Fischers lecture early tomorrow morning is likely to include his perspective on the policy outlook. The U.S. October employment data released on Friday was observed as a key input into the FOMCs...

Australia's nominal retail sales likely weighed on by inflation, but real retail sales improves

Nov 04, 2015 04:58 am UTC| Commentary

Australias apparel costs were declined on the back of weak AUD. It might also be result of intense compitition. A 0.9% qoq gain will point to solid expansion in Q3s private consumption growth.Strong wealth effects coming...

Australia's Q3 GDP likely to post 0.7% growth

Nov 04, 2015 04:52 am UTC| Commentary

Australias trade deficit contracted by some $0.4bn to $2.3bn in September, from a $2.7bn deficit in August (revised lower from -$3.1bn).The September outcome is more than expected, largely due the lower starting...

Australia's trade deficit likely elevated by strong imports, while net exports still recover

Nov 04, 2015 04:50 am UTC| Commentary

Australian goods imports were strong and the ABS advanced estimate is also positive in September at 1.4% mom, any decline in the trade deficit will be decisively limited by this.The overall imports are likely a bit less...

U.S. Q3 GDP tracking 1.4% after September factory orders

Nov 04, 2015 04:39 am UTC| Commentary

In the United States, headline durable goods orders were unrevised for September at -1.2% m/m; however, the profile for core capital goods demand was revised up modestly for the previous two months. August core capital...

RBNZ likely to ease further

Nov 04, 2015 04:12 am UTC| Commentary Central Banks

New Zealands data was a softer than markets expected. After the data was released the NZD is seen dropping from 67.0c to 66.5c, while the 2-year swap rate fell 3 basis points. The economy has lost momentum, with a...

U.S. auto sales in gaining momentum in October

Nov 04, 2015 04:10 am UTC| Commentary

U.S. auto sales for October seasonally-adjusted annualized rate was18.13 million units outpacing the stellar 18.06 million units sold in September. This is the best performance since 2001, and the sixth straight months of...