Daily Economic Outlook: 08 April, 2015

Apr 08, 2015 05:39 am UTC| Commentary

Todays publication of the March FOMC meeting minutes (1800 GMT) provides the next US focus. At the March meeting, the Committee showed that it was gradually moving closer to delivering a hike in US interest rates by...

No deflationary risk in Taiwan, services CPI to rebound in coming months

Apr 08, 2015 05:31 am UTC| Commentary

Taiwans Inflation came in -0.6% y/y in March (Feb: -0.2%; Jan: -0.9%), broadly in line with consensus expectations (-0.7%). On a seasonally adjusted m/m basis, inflation rose 0.55%, the first meaningful rebound in five...

Philippines export growth to recover further in March

Apr 08, 2015 05:02 am UTC| Commentary

Philippines exports recovered in February, but by much less than expected given the previous sharp falls (February: +4.6% m/m sa; January: -13.7%; December: -10.8%). A more substantial normalisation was expected following...

US rig counts are yet to stabilise at lower levels

Apr 08, 2015 02:20 am UTC| Commentary

Rig counts in shale oil areas other than the Permian are no longer high enough to compensate for the declines of existing output. The tendency to leave wells uncompleted is amplifying that process and is resulting in a...

US inventory movements key short-term price driver

Apr 08, 2015 02:09 am UTC| Commentary

Oil price movements have remained highly volatile; however, it is believed that the stage is now being set for a more sustained drift up in prices in Q2 and Q3. Short-term market sentiment remains focused on the US market...

Collapse in scrap imports is a clear positive for China’s primary copper

Apr 08, 2015 01:52 am UTC| Commentary

The most telling component of the recent monthly China copper data was the collapse in scrap imports in February to a five-year low and the second lowest level in the past 10 years .This data point is significant because...

Impact of RBI policy rate decision on the market

Apr 08, 2015 00:32 am UTC| Commentary

Although the RBI maintained status quo on policy rates in line with market expectations, the absence of liquidity easing measures and uncertainty over the timing of the next rate cut disappointed the market. In response to...