Portal Komuniti Informasi Malaysia Terkini
BTCClicks.com Banner
Hello There, Guest! Register Login with Facebook

Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Forexmart- News Release
#11
New Zealand Inflation Came in Strong in the First Quarter
Thu Apr 20, 2017

[Image: f357443fa0f48ea80d451e5207fca2be.png]
The inflation rate of New Zealand soared unexpectedly as much as 2.2 percent in the first quarter which is the top-level over five years. Yet, the central is still committed keeping the interest rates low. Hence, the consumer price index (CPI) hovered in the middle range of the Reserve Bank of New Zealand's (RBNZ) within the 1 to 3 percent target range which they have attempted to lift higher for more than a year. The CPI ascended to 1 percent in the first quarter exceeding the expected 0.8 percent which also transposes the annual growth of 2 percent by analysts.
This hike in inflation was influenced by short-term gains because of high oil and food prices, a tax hike on alcohol and tobacco and the increasing costs of housing construction. The inflation is ascending although at a sluggish pace which keeps the RBNZ heedful according to the senior economist of the Australia and New Zealand (ANZ) bank.
https://www.forexmart.com/my/economic-news/article/568
Reply
Thanks given by:
#12
Inflation Weighed on the Economy of Britain
Mon Apr 24, 2017
watermarkEconomic news

[Image: 293297ae86d9815b7ce46e3f91787e82.jpg]
The British economy has cooled significantly in the months of January to March this year because higher inflation put pressure on disposable incomes. The Office for National Statistics is scheduled to publish the estimated GDP data for the first quarter this Friday.
Great Britain almost forgot the impact of the Brexit referendum on June and had an unexpectedly quick recovery. The growth rates in the third quarter of 2016 reached 0.5% while 0.7 for the last quarter.
Based on the forecast of city economists, the country will experience an arduous year ahead linked with a 0.4$ steep decline on growth during the first three months of 2017.
The country previously earned 0.2% which is considered as the weakest performance in the Q1 of 2016.
Moreover, the sterling became weaker which increased the price for imports and drove the inflation towards its three-year high obtaining 2.3%.
https://www.forexmart.com/my/economic-news/article/578
Reply
Thanks given by:
#13
Credit Suisse Sets to Raise $4B CHF Rights Offering
Wed Apr 26, 2017
watermarkEconomic news

[Image: e734f4e7ce123f591a7f409f918ce289.png]
Credit Suisse bank increased its capital estimated by 4 billion Swiss francs equivalent to 4 billion U.S. dollars through the rights issue in an initial public offering that aims to follow the pace of European competitors. This would bring its CET1 ratio up by 13.4 percent, the pro forma with tier 1 leverage ratio also rose by 5.1 percent supported by the 1Q12 end data including risk-weighted assets and leverage disclosure as mentioned by the released statement of the bank based in Zurich on Wednesday.
The bank gained a net profit of 596 million francs in the first quarter of the year, exceeding the average estimate of Reuters polls, which has been its highest quarterly profit after the restructuring of Credit Suisse chief executive Tidjane Thiam.
https://www.forexmart.com/my/economic-news/article/589
Reply
Thanks given by:
#14
China’s Banking Regulators Eased Loan Transfer
Thu Apr 27, 2017
watermarkEconomic news

[Image: 5ad42445c9b55c0f02ec6abb533c3ab5.jpg]
The policy for non-performing loan transfer was loosened to allow to permit lenders to sell unprofitable debts that are formerly bundled by 10’s which is now by 3’s. This is the most recent action of the China Banking Regulatory Commission (CBRC) to help alleviate the problem of a huge pile of debt because of sluggish economic growth. The idea is the smaller number of the bundle would allow banks to get rid of bad debt at a faster rate.
Margins have been narrowed down following concurrent reduction in interest rates as a mountain of bad debt increases that slowed down the economic growth rate of the country over the past 25 years.
 https://www.forexmart.com/my/economic-news/article/596
Reply
Thanks given by:
#15
Economic News
Get the latest economic news from ForexMart, including updates on the financial market, central bank policy announcements, financial indicators, and other relevant news which can impact the industry.

RBA Maintained Current Rates Amid Wage Risks
Tue May 02, 2017
[Image: fx6.png][Image: b8776db25fc2a6b6c4622b0fb407c3dfb25aee7a.jpg]

The Reserve bank of Australia kept their rates unchanged for nine succeeding months on Tuesday which is not surprising following the risks of household debt, meek progress in inflation and wage. The RBA decided to maintained the rates at a rock-bottom of 1.5 percent after the decline in August and May last year while most economists have foreseen that will be sustained this week.

The central bank is sanguine in the economy but maintains a mixed labor market. Although the wages growth anticipated being sluggish for some time. The price inflation lingers above 2 percent in the previous quarter for the first since 2015 although the objective of the RBA is to keep inflation rates below 2 to 3 percent but higher than 3 percent in the next few years.

RBA Governor Philip Lowe mentioned that there is no need for further stimulus since the low cash rates have affected household debt which will not be favorable for the “national interest”.

https://www.forexmart.com/my/economic-news/article/608
Reply
Thanks given by:
#16
Singaporean Economy Dropped to 1.9% in 2017
Wed May 03, 2017
[Image: fx6.png][Image: 13e6076d01f3d89a3bf715eed0bd45ebd02d733c.jpg]

Singapore labeled as the Lion City is expected to wrap up the year reaching 1.9% growth in the economy which is a little bit lower compared with the 2% surge in 2016.
Based on the data from the BMI Research, the country was able to expand as it was regarded as an export-oriented economy. The research firm further noted that the external outlook of the sovereign city-state rely largely on the global environment while the global geopolitical climate was expected to sustain an undetermined status as risk branched out due to EU exit, also the possible growth in global trade protectionism
In light of this, a negative impact could hit different sectors in Singapore which could result in a fluctuating economic performance.
While some external uncertainties may further influence the employment projections and increase in wages seems weak during the current reorganization of the labor market.
When it comes to production means, the development looks odd for the three major sectors as the manufacturing beat the previous quarter attaining a 6.6% boost.
BMI deemed that a speculative outlook of the world would weigh on the manufacturing sector of the country, as the small-scale and open countries are becoming dependent on a strong environment due to its economic advancement

https://www.forexmart.com/economic-news/article/614
Reply
Thanks given by:
#17
BI Positive Outlook for 1st quarter GDP Despite Sluggish growth
Thu May 04, 2017
watermarkEconomic news

[Image: 5d967c48791345251d8c5fcb9a58fdf4.png]
The economy of Indonesia is anticipated to gain momentum in the first quarter because of growth in exports, although it has a very slow progress pulled down by both lending and consumption reports giving negative results.
Southeast Asia as the biggest economy has a sluggish growth for the past five years until 2015. This is forecasted by some analysts to persist in its median forecast for 2017 with 5.00 percent for the first quarter, a little bit higher than the former 4.94 percent.
The Household consumption holds more than half of the overall GDP of the country and it is anticipated to weaken because of pessimistic retail and automobile data. The country is facing problems when it comes to bad loans that make it difficult for the Bank of Indonesia (BI) to spur the economy. Although, the benchmark eased by 150 basis points and some other lending rules. The current loan growth of the month of February still below the target figure for the year.
https://www.forexmart.com/my/economic-news/article/620
Reply
Thanks given by:
#18
China Trades Rose Less than expected; Large Trade Surplus
Mon May 08, 2017
[Image: fx6.png][Image: 18c43f487b7fb163e296228bd970ad3ed4a25df3.jpg]

Both imports and exports of China soared in April but were below expectations of analysts since domestic and foreign demand as well as the commodity market slumped. Exports climbed by 8.0 percent compared to the previous year, lower the expected 10.4 percent while imports rose 11.9 percent. The overall trade surplus totaled to $38.05 billion for the month, higher than the anticipated $35.50 billion of analysts.  
According to the Ministry of Commerce of China quarterly report last week,  imports and exports will get better this year compared over the past two years. This excessive trade surplus of China has got the attention of the U.S. president Donald Trump who is pushing to lessen the trade gap between both nations.
Reply
Thanks given by:
#19
Euro Fell Against the Dollar in the Post-French Election
Tue May 09, 2017
[Image: fx6.png][Image: a4c6f72e282d92e8559e2aa98875331979e66690.jpg]

The common European currency tumbled on Monday from its highs due to the triumph of centrist wing Emmanuel Macron. As investor received an estimate of 3% of profit after Macron won a couple of weeks ago.
The loss of the populist candidate, Marine Le Pen ended the worries of investors about the radical change subsequent to Brexit and Trump’s election last year in case that Le Pen won.
Based on opinion polls, Macron had a consistent point which is roughly 20 percent and his triumph on Sunday was a great surprise.
During the early trades of Asia, the euro surge reaching $1.1024 which is its highest rate since November 9. It further increased on its one-year high touching 124.58 yen versus its Japanese peer while hitting a five-month high jumping to 1.0886 against the Swiss franc.
However, amid morning session of Europe, it declined by 0.4 percent to $1.0953 vs the greens and 0.6 percent to 123.26 against the yen.
The political risk linked with Le Pen were already removed, the risk involves the pledge that France will be taken out from the European region. As the risk was eliminated, the focus turned to the economic fundamentals along with the monetary policy normalization of EU and U.S.

https://www.forexmart.com/economic-news/article/635
Reply
Thanks given by:
#20
Demonetisation Slowed Down Indian Economy
Wed May 10, 2017
[Image: fx6.png][Image: adfb2c40decc9740014331754ff39c50c25c95c8.jpg]

The International Monetary Fund issued a regional forecast for India this month and predicted that the South Asian country will slow down because of the cash crunch bring about by the demonetization despite the fact that its economic growth would likely remain strong within the Asia Pacific region compared with the previous outlook in October.
According to the report of National Accounts Statistics, the economic impact of the cash insufficiency may be downplayed in the least short term.
In addition to it, an analysis made by the staff of IMF states that the projections in October 2016, the negative cash flow seems slow amid the financial year 2016-17 nearly four to five percentage points. While the growth in FY 2017-18 was almost half of its percent point.

https://www.forexmart.com/economic-news/article/640
Reply
Thanks given by:


Forum Jump:


Users browsing this thread: 2 Guest(s)