China's September new loans and TSF rebound
Oct 16, 2015 02:23 am UTC| Commentary Economy
RMB new loans growth posted a strong rebound in September, led by medium-long term loans. RMB new loans were CNY1050bn, up from CNY810bn in August and above expectations (consensus: CNY900bn). It is encouraging to see that...
China’s economy may dominate global market considerations from the start of the week onward
Oct 15, 2015 21:49 pm UTC| Commentary Economy
Chinas economy may dominate global market considerations from the start of the week onward. The country releases Q3 GDP growth into the Asian market open on Monday. Obviously markets trade on it, but the aftermath will...
US consumer prices likely ran out of energy last month
Oct 15, 2015 05:13 am UTC| Commentary Economy
Sans projected movements in US food (0.2%) and energy components, the core CPI probably continued apace, rising by 0.1% (0.148% unrounded) for a third consecutive month. Increased vehicle and shelter costs, along with a...
Price effects likely caused softness in US September retail sales
Oct 15, 2015 05:04 am UTC| Commentary Economy
US retail sales rose 0.1% m/m in September. However, the details of the report painted a softer picture of nominal consumption spending than expected. The retail control group, our preferred measure of core retail...
South Korean economy shows sign of improvement
Oct 15, 2015 04:56 am UTC| Commentary Economy
The Bank of Korea held the policy rate at 1.5% in October, as expected. The BoK revised its growth forecasts for 2015 and 2016 marginally lower, cutting both 10bp, to 2.7% and 3.2%, respectively. The reductions were...
US October Beige Book cites modest pace of economic expansion
Oct 14, 2015 20:10 pm UTC| Commentary Economy
The Federal Reserves Beige Book, which contains an assessment of economic conditions from the 12 Federal Reserve districts through October 5, reported that economic activity continued to expand at a modest pace from late...
Troubling data from U.S questions economic growth
Oct 14, 2015 17:32 pm UTC| Commentary Economy
Economic data from around the globe was released today, nearly all pointing in a negative direction. Headline U.S. retail sales inched up a slight 0.1 percent while retail sales excluding autos dropped 0.3 percent and PPI...