European Growth Not Sufficient To Offset Chinese Manufacturing Weakness

Dec 23, 2015 11:29 am UTC| Insights & Views Economy

Global manufacturing has been on a descending trend since early 2014, driven by a slowdown in emerging markets as China transitions away from a manufacturing to a services-based economy, and Brazil and Russia struggle with...

India’s external sector performance remains robust

Dec 23, 2015 03:46 am UTC| Commentary Central Banks Economy

Reserve Bank of India released the countrys balance of payments data for third quarter of this year yesterday, which report indicates that the performance of Indias external sector remains strong and the current account...

November US existing home sales plummet as disclosure requirements extend closing times

Dec 22, 2015 16:43 pm UTC| Commentary Real Estate Economy

Sales of existing homes plunged 10.5 m/m in November, to 4.76mn, well below forecast and consensus expectations for sales of about 5.30mn. The drop in sales was broad based across regions, with regional sales down between...

UK public sector borrowing much higher than expected

Dec 22, 2015 13:24 pm UTC| Commentary Economy

UK public sector net borrowing surpassed again, after surpassing last month too. Excluding borrowing by state backed banks, borrowings were 14.2 billion in November, much larger from 7.4 billion in the previous month....

Risk appetite improves with China’s stimulus assurance

Dec 22, 2015 12:57 pm UTC| Commentary Economy

Mood has changed across global markets as risk appetite improved across all asset class. Commodity currencies have been major benefactor as Chinese leaders assured of further stimulus. After an economic meeting of...

Euro area’s economic recovery relies on domestic demand

Dec 22, 2015 12:42 pm UTC| Commentary Economy

Euro area economic activity showed a moderate recovery and consumer prices coming into the targeted range. Similarly, trade volumes are slowly adjusting to the currency movements. The euro is noticed to soften by more...

Russia continues stagnation

Dec 22, 2015 12:23 pm UTC| Commentary Economy

Russias real sector indicators in November, came in mixed, but show continuation of recession, which officially began in third quarter of 2014 and the quarter on quarter decline intensified through Q2 2015. While...