China's June Markit “flash” manufacturing PMI improved,shows emerging signs of a near-term stabilisation

Jun 24, 2015 03:39 am UTC| Commentary

The headline PMI improved to 50.0. New orders increased to 50.3, with new export orders improving, though remaining below 50.Meanwhile, the employment sub-index decreased at a faster rate in June, reflecting muted...

Euro area June Flash PMIs end Q2 on a strong note

Jun 24, 2015 03:28 am UTC| Commentary

Euro area "flash" composite PMIs came in stronger in June, edging up to 54.1, the highest print in four years, while manufacturing confidence grew up 0.2 point to 53.5..In both sectors, better output trends supported the...

US Markit flash manufacturing PMI declines in June, however direction of manufacturing activity suggests a more positive signal

Jun 24, 2015 03:13 am UTC| Commentary

The US Markit manufacturing fell to 53.4 in the flash June estimate. The output index 53.9 led the decline in June, reaching its lowest level since January 2014.Readings on new orders 54.5 and employment 55.0 paint a more...

EM credit momentum strategy turns ‘long’

Jun 23, 2015 23:03 pm UTC| Commentary

Standard Chartered notes:Our momentum strategy for the EMBIG Div. Index (versus its 18-day moving average) has turned to indicate a long signal after being in short territory since 28 May 2015.The rise in the total return...

Philippines central bank to keep the RRP and SDA rates unchanged

Jun 23, 2015 22:52 pm UTC| Commentary

Bangko Sentral ng Pilipinas (BSP) will announce its monetary policy decision on 25 June. It is expected to keep the reserve repo (RRP) and special deposit accounts (SDA) rates at 4.0% and 2.5%, respectively.There is a...

No sign of a sustainable recovery expected in Hong Kong's export

Jun 23, 2015 22:34 pm UTC| Commentary

Hong Kong will release May trade data on 25 June. Exports are expected to have fallen 2.0% y/y (versus a 2.2% increase in April) and imports to have dropped 2.2% (versus a 2.9% drop).Last years high base likely dragged...

US Q1 GDP probably still weak, but less so than previously

Jun 23, 2015 21:52 pm UTC| Commentary

A slight upward revision is expected to Q1 GDP growth to -0.2% q/q SAAAR (the consensus view) from -0.7%, when the third print is released (Wednesday, 08:30 ET). This would be on better private consumption, investment and...