Reserve bank of India monetary policy outlook
Sep 01, 2015 20:38 pm UTC| Commentary
The weak Q1 FY16 GDP growth number raises the prospect of a rate cut in September, what with inflation remaining subdued. Moreover, recently one of the leading private banks in India, the HDFC Bank, announced a reduction...
US vehicle sales accelerate to decade-high in August
Sep 01, 2015 20:17 pm UTC| Commentary
US sales of light weight vehicles totaled 17.7mn units (saar) in August, according to data available from WardsAuto and BEA seasonal adjustment factors, above the consensus expectations (17.3mn). Auto sales ticked down...
Ocean's 13: The impact of TPP and TTIP
Sep 01, 2015 17:32 pm UTC| Commentary Economy
There are currently two large trade agreements under negotiation that could have a major economic impact on the global economy as they involve a dozen Pacific countries, including the US, and the EU, and would intensify...
India's Q2 GDP confusion continues, but data less alarming
Sep 01, 2015 16:57 pm UTC| Commentary
India released its Q1 FY16 (Q2 2015) GDP data on Monday, 31 August. The data, however, gives a conflicting signal. As per the release, GDP grew by 7% yoy in Q2 2015, much weaker than the market expectation of 7.5% yoy ....
US ISM manufacturing set to decline further
Sep 01, 2015 16:43 pm UTC| Commentary Economy
The US manufacturing ISM index was outright weak with the headline falling to 51.1, from 52.7, so much weaker than expected. New orders plunged to 51.7, from 56.5. Employment was lower as well and the customer inventories...
Brazil Real's depreciation to test BCB stance irrespective of near-term rate decision
Sep 01, 2015 16:32 pm UTC| Commentary Central Banks
The BCB is set to raise the Selic rate by another 25bp at its September Copom meeting and then to go on hold. The immediate downside risk, going by the July Copom statement, is that it has already concluded the tightening...
Sep 01, 2015 16:01 pm UTC| Commentary
In arguably one of the more highly anticipated GDP results in quite some time, the Canadian economy did indeed contract for the second quarter in a row in Q2 --- yet the results werent quite as harsh as expected. Real GDP...