U.S. Q3 GDP likely grow at 1.4%

Oct 30, 2015 04:26 am UTC| Commentary

The Census Bureaus advance estimate of goods trade for September showed that the U.S. nominal trade deficit narrowed sharply to $58.6bn on the month, considerably more than our ($63.0bn) and consensus ($64.3bn)...

Korea's October payback likely

Oct 30, 2015 04:23 am UTC| Commentary Economy

Koreas IS ratio for electronics and autos also stays elevated. Overall, September activity indicators were stronger due to pre-shipments and pre-production ahead of the Chuseok holidays and Chinas October Golden Week. This...

Korea's strong pre-holiday lift from semiconductors

Oct 30, 2015 04:19 am UTC| Commentary

Koreas industrial output rose 2.4% y/y in September, better than expected, centered narrowly on resurgent memory chip production and, to a lesser extent, autos. On a seasonally adjusted m/m basis, IP rose 1.9%, helped...

Australian private credit up on business lift and stable total housing credit

Oct 30, 2015 03:59 am UTC| Commentary

Credit posted a stronger than expected 0.8% gain in September following back-to-back gains of 0.6% in July and August. The average pace over the first half of 2015 was just 0.5% a month. The uptick in Q3 has been centred...

Japan stocks falls after BOJ decision; rest of Asia softer

Oct 30, 2015 03:40 am UTC| Commentary

The Bank of Japan made no changes to monetary policy on Friday as it still sees inflation gradually reaching the 2% target, albeit at a slower pace that previously forecast. Qualitative and Quantitative Easing (QQE) - the...

Credit growth remains tepid in India

Oct 30, 2015 02:39 am UTC| Commentary Economy

Despite signs of a gradual improvement in production numbers and discretionary spending, loan growth remains tepid. Non-food credit has averaged 9.5% YoY so far this fiscal year, down from 11% last year and FY12-14 average...

Gradual recovery in Indonesia's investment growth

Oct 30, 2015 02:26 am UTC| Commentary Economy

That investment growth is likely to come in around 3.6%, well below its long-term trend of circa 8%, clearly makes it to be the main drag of overall GDP growth this year. And coupled with a weak external demand, the risk...