China manufacturing PMI slipped to 49.7 in August

Sep 01, 2015 06:38 am UTC| Commentary

The official August manufacturing PMI of China slipped below 50 for the first time in six months. It fell to 49.7 which was within expectations vs 50.0 in July. The final reading for the private sector Caixin/Markit...

ECB unlikely to change its bank rate

Sep 01, 2015 06:19 am UTC| Commentary Central Banks

Euro area core rate (ex food, energy, alcohol, tobacco) remained at 1% y/y and headline inflation rate remained at 0.2% y/y in August, according to the flash estimate, despite the steep drop in oil prices. All in all,...

Euro-area inflation rate likely to zero in next month

Sep 01, 2015 05:54 am UTC| Commentary

In August, the Euro-area headline inflation rate remained at 0.2% y/y, according to the flash estimate, despite the steep drop in oil prices. The core rate (ex food, energy, alcohol, tobacco) remained at 1% y/y. All in...

Australia's economic slowdown as net exports take a breather

Sep 01, 2015 05:32 am UTC| Commentary Economy

Most components of demand are expected to have grown more strongly or at a similar pace to the first quarter, but overall GDP growth in Australia is expected to have slowed substantially in Q2. The reason is that net...

It is likely to get harder for BOJ to maintain QQE

Sep 01, 2015 05:24 am UTC| Commentary Central Banks

Although demand for defensive assets is rising due to a global equity rout brought by the decline in Chinese stocks and sudden devaluation of the CNY, the JGB market is relatively stable at this point. It is because JGBs...

Thailand CPI expected at 2.5% in 2016

Sep 01, 2015 05:16 am UTC| Commentary

Lower energy prices are keeping a lid on inflationary pressures. Overall inflation came in negative for the eight consecutive month in August, as lower energy prices more than offset a marginal pick up in food...

Risks likely increased against EUR/USD parity by year end

Sep 01, 2015 05:13 am UTC| Commentary

EUR/USD is projected at parity by end-2015 for now. However, upside risks to this projection have increased notably following the CNY devaluation. The market turmoil has triggered an unwinding of risk positions, which has...