Renminbi Series: China goes to holiday with rates elevated

Sep 15, 2016 05:56 am UTC| Commentary Economy Central Banks

China has gone to holidays with the offshore rate elevated way over normal. Today and tomorrow are holidays in China over Mid-Autumn festival. Peoples Bank of China (PBoC) has a history of intervening in the offshore rates...

Australia’s new motor vehicle sales rise in August, consumer spending to grow at modest pace

Sep 15, 2016 05:53 am UTC| Commentary Economy

Australias new motor vehicle sales grew in sequential terms in August, stated Australian Bureau of Statistics. The rise came after the sales dropped 1.4 percent in the previous month. Monthly sales rose to 97,929. This is...

Australia jobless rate falls to 2-year low in August, overall employment surprisingly disappoints

Sep 15, 2016 05:18 am UTC| Commentary Economy

The rate of unemployment in Australia fell to a two-year low in August, with the rate of employment declining as well, for the first time in seven months, although the underlying trend in the labor market remains...

FxWirePro: The Day Ahead- 15th September, 2016

Sep 15, 2016 04:43 am UTC| Commentary Economy

Lots of economic dockets and events scheduled for today and some with high volatility risks associated. Data released so far: Australia: Consumer inflation expectations declined to 3.3 percent in September from...

Singapore August NODX likely to decline; sluggish global outlook to keep the pain alive

Sep 15, 2016 04:38 am UTC| Commentary Economy

Singapores non-oil domestic exports (NODX) are likely to have declined during the month of August and the pain is expected to continue against a backdrop of sluggish global outlook and concerns of a slowdown in...

Worrisome Signs Series

Shadow banking increases the risk of another global financial crisis

Sep 15, 2016 02:04 am UTC| Insights & Views Business Economy

Banks may still be evading increased regulation by shifting activities to shadow banking. This system is well established as part of the financial sector, but it provides products that separate an investor from an...

UK likely to avoid Brexit-recession following slight economic rebound, says Danske Bank

Sep 14, 2016 12:09 pm UTC| Commentary Economy

The United Kingdom is expected to avoid a post-Brexit recession after soft economic indicators suggest that the economy has rebounded in August after the initial deceleration in July. As the economic data have been better...