Fundamental Analysis

Tue, 19 May 2015 05:56:04 GMT

RBA stands ready for more easing

The Reserve Bank of Australia kept door open for further interest rate cuts if needed despite worries over booming house prices in Sydney and Melbourne, the minutes of the last board meeting showed.

Tue, 19 May 2015 05:45:04 GMT

Evans calls for keeping rates until early 2016

Charles Evans, Federal Reserve Bank of Chicago President, reiterated his view that the US central bank should keep interest rates on hold until early 2016 and hike them gradually thereafter.

Tue, 19 May 2015 05:34:03 GMT

German economy to continue to expand, Greece and EU move closer to mutual understanding

The Euro zone's number one economy Germany is expected to grow, supported mainly by domestic consumption, according to Bundesbank.

Mon, 18 May 2015 07:15:04 GMT

Japan's machinery orders rise more than expected in March, industrial output declined

Japan's machinery orders rose more than expected in March in a sign that Japanese companies may be increasing capital expenditure for future growth.

Mon, 18 May 2015 07:04:04 GMT

Canada's manufacturing sales increase 2.9% in March, BoC to cut lending rate, Bank of America says

Canada's manufacturing sales rose more than expected in March, Statistics Canada said.

Mon, 18 May 2015 06:53:04 GMT

Chinese property market downturn to begin bottom out, as decline in home prices moderate

China's new home prices declined for the eighth straight month in April from a year earlier, but remained flat from March, fuelling hopes that a property downturn which is derailing the world's second biggest economy is starting to bottom out.

Mon, 18 May 2015 06:42:04 GMT

US industrial production declines in April, UoM consumer sentiment drops

US industrial production dropped for a fifth straight month in April as mining and utilities output declined and manufacturing stagnated, according to the Federal Reserve.

Mon, 18 May 2015 06:27:03 GMT

Highlights of the week ended May 16

Euro zoneThe Euro zone's economic output rose 0.4% in the first quarter, faster than both the US and UK for the first time since the first quarter of 2011. That marked an increase from the 0.3% growth recorded in the December quarter of last year, but was slightly weaker outcome than the 0.5% rate estimated by economists. On an annualized

Fri, 15 May 2015 05:58:04 GMT

Canada's new home prices remains unchanged in March amid price drop in Calgary

Canada's new home prices remained intact in March, as prices in the oil-sensitive Calgary declined for the first time in more than three years, according to Statistics Canada.

Fri, 15 May 2015 05:47:04 GMT

New Zealand retail sales surge at record pace, manufacturing sector continues to grow

Retail sales in New Zealand increased at a record pace in the first quarter of 2015 as the beginning of the school year boosted demand for consumer electronics such as laptops and tablets.

Fri, 15 May 2015 05:36:03 GMT

BoJ sees no need of further easing, Japan half-way to reach inflation goal

Bank of Japan Governor Haruhiko Kuroda said that Japan is still half-way to hit the inflation target, underscoring it is too early to discuss exiting the central bank's QQE programme.

Fri, 15 May 2015 05:25:04 GMT

US unemployment claims and US PPI drop more-than-expected

American unemployment claims unexpectedly dropped 1,000 to 264,000 in the  week, below expectations of 272,000.

Fri, 15 May 2015 05:14:04 GMT

Greece delays repayment to ECB, QE remains in place until inflation goal is reached

Greece continues to grate on nerves of its European creditors, with Greek Finance Minister Yanis Varoufakis saying Athens should delay repayment of billions of euros Greece owes to the European Central Bank.

Thu, 14 May 2015 06:18:03 GMT

China's economy unresponsive to PBoC stimulus, with growth rate at 6.4% in April

The Chinese economy continued to remain unresponsive to Beijing's efforts to kick-start the growth rebound, with slower lending and investment data signalling that the People's Bank of China should consider deploying more stimulus measures to shore up growth.

Thu, 14 May 2015 06:07:04 GMT

BoE trims its growth outlook, but remains on course to lift rates in mid-2016

The Bank of England downgraded its growth forecasts for the UK economy, but said it is still on course to hike interest rates in the middle of next year, as gradual rate increases will be sufficient to get inflation back on track.

Thu, 14 May 2015 05:56:04 GMT

US retail sales unchanged in April, as households cut back on purchases

US retail sales remained unchanged last month as households refrained from lavish spending on automobiles and other big-ticket items, pointing to the US economy's struggle to make a strong bounce back after barely growing in the beginning of the year.

Thu, 14 May 2015 05:45:06 GMT

Euro zone's economy outperforms the US and UK, growing 0.4% in Q1

The Euro zone's economic output rose 0.4% in the first quarter, faster than both the US and UK for the first time since the first quarter of 2011.

Wed, 13 May 2015 05:51:04 GMT

Japan's current account surplus rises to 7-year high

Japan's current-account surplus widened to the most in seven years in March, supported by an improvement in the trade balance as well as increased income from overseas.

Wed, 13 May 2015 05:40:04 GMT

UK manufacturing and industrial output rises more than expected

UK manufacturing production rose more than expected in March, while industrial output also overshot economists' forecasts.

Wed, 13 May 2015 05:29:04 GMT

US labour market continues to experience slight deterioration

US job openings fell below 5 million in March, pointing to a slight deterioration in the labour market at the end of the first quarter.

Wed, 13 May 2015 05:18:04 GMT

Greece pays 750 million euros to IMF a day before deadline

Greece paid around 750 million euros to the International Monetary Fund on Monday, a day before the deadline, alleviating the prospect of default.

Tue, 12 May 2015 06:40:03 GMT

Australia's business confidence remains unchanged

Australia's business confidence remained unchanged in April, as sharp falls in the wholesale and construction sectors were offset by improved confidence in mining.

Tue, 12 May 2015 06:29:05 GMT

PBoC cut benchmark interest rates to support China's economy

In a widely expected move the People's Bank of China announced cuts of benchmark interest rates effective Monday amid concerns over the nation's economy, holding door open for further easing.

Tue, 12 May 2015 06:08:03 GMT

BoE keeps monetary policy intact ahead of its Quarterly Inflation Report

The Bank of England kept the benchmark interest rate unchanged at all-time low of 0.5% in April. The central bank also left the size of its asset-purchases at 375 billion pounds.

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