Australian bonds flat after disappointment in December retail sales; RBA Gov Lowe’s speech eyed

Feb 06, 2020 05:22 am UTC| Commentary Economy

The Australian bonds remained flat during Asian session Thursday after investors experienced a disappointment in the countrys retail sales for the month of December, released early today ahead of the Reserve Bank of...

U.S. trade deficit widens in December on rebound in imports

Feb 05, 2020 17:12 pm UTC| Commentary

U.S. trade deficit broadened for the first time in three months in December. The trade deficit widened to USD 48.9 billion, as compared with market expectations of a deficit of USD 48.2 billion. Meanwhile, the data for...

Brazilian service sector output grows strongly in January, PMI index rises to 52.7

Feb 05, 2020 17:00 pm UTC| Commentary

The service sector of Brazil began the New Year with a stronger growth in output, rebounding on the trend seen in the final quarter of 2019. The seasonally adjusted IHS Markit Brazil Services Business Activity Index rose...

Philippine headline inflation accelerates in January, BSP likely to cut interest rate by 25 bps in March

Feb 05, 2020 13:34 pm UTC| Commentary

Philippine headline inflation accelerated in the month of January, owing to higher food and fuel prices and the elimination of favourable base effects. On a year-on-year basis, inflation accelerated to 2.9 percent. On a...

Indonesian economic growth slows down in Q4 2019, likely to remain around 5 pct mark in coming quarters

Feb 05, 2020 12:25 pm UTC| Commentary

The Indonesian economic growth came in weak at the end of 2019, with the GDP growth easing further to 4.97 percent in the fourth quarter from 5.02 percent year-on-year in the third quarter, the weakest in three...

Bank of Thailand cuts key interest rate by 25 bps to 1 pct to underpin growth

Feb 05, 2020 11:48 am UTC| Commentary Central Banks

The Bank of Thailand, today, cut its key policy rate by 25 basis points to a new record low of 1 percent to underpin growth. The decision to cut rate was unanimous. Todays cut was the third in the central banks current...

U.S. Treasuries continue losses ahead of January ADP non-farm employment, ISM non-manufacturing PMI

Feb 05, 2020 11:31 am UTC| Commentary Economy

The U.S. Treasuries continued to suffer losses during Wednesdays afternoon session ahead of the countrys ADP non-farm employment for the month of January, scheduled to be released today by 18:45GMT, besides, the ISM...