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Showing 91 - 100 of 143 results for "Economic Wrap"

Economic Wrap

BENJAMIN ONG  |  TUESDAY, 28 JUN 2016
UK credit rating The Brexit fallout continues. Credit-rating agencies Standard & Poor's and Fitch Ratings have downgraded the United Kingdom's sovereign credit rating. Standard & Poor's lowered the UK's credit rating by two notches, from 'AAA' to 'AA' ...

Economic Wrap

BENJAMIN ONG  |  FRIDAY, 24 JUN 2016
US flash manufacturing PMI The Markit flash US Manufacturing PMI shows factory activity improved to its highest in three months. The PMI rose to a preliminary reading of 51.4 in June from 50.7 in the previous month - better than expectations for a slight ...

Economic Wrap

BENJAMIN ONG  |  THURSDAY, 23 JUN 2016
Australia leading index "Leading Index improves but still points to below trend momentum". This is the header of Westpac's media release on the latest update of the Westpac-Melbourne Institute Leading Index of Economic Activity. The index tracks future ...

Economic Wrap

BENJAMIN ONG  |  WEDNESDAY, 22 JUN 2016
Australia residential property prices The weighted average of residential property prices in Australia's eight capital cities declined by 0.2% in the March quarter negating the 0.2% increase recorded in the previous quarter. The result is lower than ...

Economic Wrap

BENJAMIN ONG  |  TUESDAY, 21 JUN 2016
Japan external trade Latest trade data out of Japan conflicts with the BOJ's outlook - noted at its policy meeting last week - for "moderate expanding trend" in the economy. Japan registered a ¥40.72 billion deficit in May. While this is an improvement ...

Economic Wrap

BENJAMIN ONG  |  FRIDAY, 17 JUN 2016
Australia employment The Australian Bureau of Statistics' (ABS) "Labour Force, Australia" report showed that an estimated 17,900 jobs were created in May. This was more than consensus expectations for a 15,000 gain but part-time employment - rising ...

Economic Wrap

BENJAMIN ONG  |  THURSDAY, 16 JUN 2016
US Fed monetary policy decision No one expected the Fed to alter monetary settings this month - and they didn't - primarily due to the disappointing May employment report released in early June - and it was, "Information received since the Federal Open ...

Economic Wrap

BENJAMIN ONG  |  WEDNESDAY, 15 JUN 2016
US retail sales A solid and faster than expected increase in US retail spending in May suggests that, perhaps, the Fed was correct in dismissing the highly disappointing May non-farm payrolls report as just "noise". Overall retail sales expanded for ...

Economic Wrap

BENJAMIN ONG  |  TUESDAY, 14 JUN 2016
Australia business confidence "The RBA's cut to interest rates did not help lift business confidence as we had hoped, even as sales activity continues to improve." This was how National Australia Bank's (NAB) chief economist, Alan Oster interpreted ...

Economic Wrap

BENJAMIN ONG  |  FRIDAY, 10 JUN 2016
US jobless claims It may be that the very disappointing 38K increase in US employment in May was just noise, an aberration. This is the indication given by the latest data on jobless claims. Initial jobless claims decreased to 264,000 in the week ended ...