India’s service sector activity plunges in wake of demonetization, composite PMI drops below 50

Dec 05, 2016 08:51 am UTC| Commentary Economy

The performance of Indias service sector drastically deteriorated in November as a result of cash shortages. New business declined for the first time since June 2015, leading to a solid reduction in activity. The...

Renminbi Series

Renminbi Series: HIBOR on the rise (again)

Dec 05, 2016 08:01 am UTC| Commentary Economy

The yuan-based Hong Kong Interbank Offered Rate (yuan-HIBOR) is on the rise again. Today it rose for thesixth consecutive trading day and jumped by 5.2 percent to trade at 12.4 percent. In the previous week, it rose by 5.8...

Australia business indicators remain mixed in Q3; GDP data in focus

Dec 05, 2016 07:12 am UTC| Economy Commentary

Australian business indicators remained mixed during the third quarter of this year, with the market closely eyeing the periods gross domestic product (GDP) data, which is expected to remain unchanged. Business...

Japan business activity growth accelerates to 10-month high, driven by solid rise in new orders

Dec 05, 2016 06:46 am UTC| Commentary Economy

Business activity in the Japanese service sector rose at the most marked rate since January midway through the final quarter of 2016. This was driven by a solid increase in new orders, which rose at a rate little-changed...

Canada jobless rate declines to 5-month low in November, labor market seems in sync with overall economy

Dec 05, 2016 05:51 am UTC| Commentary Economy

The jobless rate in Canada declined to a 5-month low in November, as part-time employment drove the workforce, against full-time employment which witnessed a fall. However, the data showed that the countrys labor market is...

Fundamental Evaluation Series

Matteo Renzi’s defeat poses fresh existential threat on Euro

Dec 05, 2016 05:29 am UTC| Commentary Economy

The Italian Prime Minister Matteo Renzi, who has been in office since February 2014 resigned over the weakenedwhen it became clear that the Italian people are overwhelmingly voted in favor of no in the referendum held over...

Fed Hike Aftermath Series

U.S. unemployment declines to near-decade low in November, adds certainty over Dec Fed rate hike

Dec 05, 2016 05:17 am UTC| Commentary Economy Central Banks

The unemployment rate in the United States dropped to near decade-low during the month of November, adding further certainty over the Federal Reserve December interest rate hike. Further, the countrys non-farm payrolls...