New Zealand bonds close flat in subdued trade as UK heads toward a hung Parliament

Jun 09, 2017 06:03 am UTC| Commentary Economy

The New Zealand remained flat at the time of closing Friday in a silent trading session that witnessed no significant data. However, the ongoing distress surrounding the notion of a hung Parliament in the UK, after Prime...

Australian bonds remain narrowly mixed as doubts hover around UK election result

Jun 09, 2017 04:16 am UTC| Commentary Economy

The Australian bonds remained mixed as doubts have clouded over the United Kingdoms general election results, in the counting today. PM Theresa May has gone into a huddle with senior Conservatives as Britain heads for a...

China’s trade print comes in above expectations in May, investment growth likely to slow down in future

Jun 08, 2017 23:03 pm UTC| Commentary Economy

On Thursday, Chinas headline trade figures were released that showed the trade print coming in higher than consensus expectations for the month of May. In USD terms, the nations exports rose 8.7 percent year-on-year,...

German sequential economic growth likely to slowdown in Q2

Jun 08, 2017 23:01 pm UTC| Commentary Economy

Germanys industrial production data, released on Thursday, showed that the output grew 0.8 percent sequentially in April, coming in line with analysts expectations. The previous months data was revised upwardly. The...

U.S. economy likely to expand 2.1 pct sequentially in Q2 2017 - Barclays

Jun 08, 2017 23:00 pm UTC| Commentary Economy

The U.S. Census Bureau released its Quarter Services Survey for the first quarter earlier today, giving detailed estimation of revenue and expense for U.S. service-providing companies. The BEA has used these data since...

Australia trade balance sharply falls in April, driven by decline in resource exports

Jun 08, 2017 10:14 am UTC| Commentary Economy

Australias trade balance narrowed sharply in April, down to AUD555 million from an upwardly revised AUD3.2 billion the previous month. This surprising weakness in the trade balance was almost entirely driven by a sharp...

BSP likely to commence tightening cycle in Q3, raise policy rate by cumulative 50 bps in 2017: ANZ Research

Jun 08, 2017 08:54 am UTC| Commentary Central Banks Economy

The Philippines central bank is expected to commence its tightening cycle in Q3 and raise its policy rate by a cumulative 50 basis points in 2017 and 75 basis points in 2018. The monthly contraction in utilities and...