US payroll falls short of expectations

Fundamental outlook     US payroll fell during the year-end season, likely due to the holiday period. However, US manufacturing stayed on its strong growth track. China’s manufacturing and services sector soared. UK’s manufacturing declined but its services and consumer borrowings strengthened. The US ISM manufacturing index rose to 59.6 in December, the highest in three […]

US yields rise in step with Europe as Wall St gains

NEW YORK, Jan 3 — US Treasury yields rose yesterday on strong Wall Street gains and in line with European government yields after a European Central Bank official said the ECB’s massive bond purchase programme may not be continued later this…

Shares across Asia scale decade top on China optimism

SYDNEY: Asian shares scaled a decade peak yesterday after a survey of Chinese manufacturing proved surprisingly upbeat, while the euro lurked within striking distance of its 2017 top against an ailing US dollar. Sentiment was also helped by news that North Korea had offered an olive branch to South Korea, with Kim Jong Un saying […]

Euro zone factory growth surges to record; more uneven in Asia

LONDON, Jan 2 — Euro zone factories ended 2017 growing at their fastest pace in more than two decades while performance in Asia was more uneven, with its third-largest economy India leading the field and manufacturing giant China unexpectedly…

Global manufacturers strain to keep up with faster world economy

LONDON, Jan 2 — Factories across the globe warned they are finding it increasingly hard to keep up with demand, potentially forcing them to raise prices as the world economy looks set to enjoy its strongest year since 2011. A slew of…

Dollar starts 2018 in doldrums, European stocks groggy

LONDON, Jan 2 — The ailing dollar fell to its lowest in over three months today, while surprisingly upbeat Chinese manufacturing data ensured there was no serious new year hangover for world shares despite a groggy start for Europe. Wall…

Dollar starts new year in doldrums, Asia stocks in good cheer

SYDNEY, Jan 2 ― The euro stood within striking distance of its 2017 peak on an ailing US dollar today, while Asian stocks began the new year close to their highest in a decade. Sentiment was helped by news that North Korea had offered an olive…

Pound surges after successful Brexit negotiations

Fundamental outlook   BRITAIN succeeded in its first round of negotiations on the Brexit, leading to the surge in pound. US saw stronger jobs rate and an interest rate hike is expected to follow through next week. China maintained its strong growth in services and trade. US factory orders contracted 0.1 per cent in October […]

Equities Weekly: Subdued equity markets performances after a week of gains

Equity market performances were subdued over the week ended December 1, 2017, with the MSCI AC World Index falling a slight 0.55 per cent. Amid optimism over tax reform and positive economic data, the US equity market, as represented by the S&P 500 Index, rose 0.95 per cent over last week and was the best […]

US GDP grows fastest in three years

Fundamental outlook     THE US GDP grew at its fastest pace in three years, stoking expectations of a rate hike this month. China’s manufacturing expanded at its slowest pace in over five months. North Korea fired yet another missile which raised alarms among countries in the region. US new home sales was at 685,000 in […]