Emerging Market Crisis Series

South Korea finance minister and BoK governor caution against rising economic uncertainties

Jun 23, 2016 07:04 am UTC| Commentary Economy Central Banks

The finance minister of South Korea, Yoo Il-ho, mentioned on Wednesday that the economic scenario of the country is likely to deteriorate in the second half of 2016 given the volatile financial markets of China, UKs EU...

U.S. durable goods orders seem to have declined in May

Jun 23, 2016 06:55 am UTC| Commentary Economy

U.S. durable goods orders are likely to have declined in May on a reversal in aircraft bookings, said Societe Generale in a research report. In the previous month, durable goods order climbed 3.4 percent in due to a sharp...

Japan June flash manufacturing PMI drops for 4th straight month

Jun 23, 2016 06:34 am UTC| Economy Commentary

Japans flash manufacturing purchasing managers index (PMI) for the month of June, declined almost at the same pace as in the previous month, on lingering concerns over supply chain disruptions due to a massive earthquake...

U.S. housing market activity likely to remain strong

Jun 23, 2016 05:58 am UTC| Commentary Economy

May sales for existing home in the U.S. grew 1.8 percent to 5.53 million. This was the highest pace seen in nearly a decade, according to the National Association of Realtors. However, the print came in slightly lower than...

Briferendum Series

UK referendum finally hits the day; polls show too close a call

Jun 23, 2016 05:44 am UTC| Central Banks Economy Commentary

The big day has finally arrived for the United Kingdom as it goes to face an election over its membership in the European Union. The Britons will vote either in favor of Remain or Leave, which shall commemorate the future...

Canadian sales rise slightly in April; likely to be hit by effects of wildfires in Northern Alberta

Jun 23, 2016 05:16 am UTC| Commentary Economy

Canadas retail sales grew 0.9 percent in April after declining 0.8 percent in March, according to Statistics Canada. Retail sales rose to $44.3 billion. Consensus expectations were for retail sales to rise 0.8 percent in...

Singapore May headline inflation likely to decline for 19th straight month

Jun 23, 2016 05:08 am UTC| Commentary Economy

Singapores headline inflation for the month of May is expected to fall for the 19th consecutive month, marking the record-long streak of negative inflation. Drop in housing as well as utilities prices, coupled with lower...