Philip Chua Business Blog

Posts Tagged ‘release’

A slightly fi rmer tone to an uneventful evening. US equities staged a tentative recovery during Europe on continued decent US company earnings, but were dented upon the release of sub-consensus US homebuilder confi dence data. A second advance a few hours later sees the S&P500 currently up 0.5%. There

All eyes will be on this week’s key release, the March US Employment Report. The report is expected to deliver the first sizeable increase in US payrolls since November 2007. After declining by 36k last month, partly due to bad weather, payrolls are forecast to have recovered by around 200k…

In spite of exceptionally strong data out of Germany this week, markets barely moved on the release, as focus turned back to sovereign debt problems. The renewed concerns over the debt situation were fuelled by Fitch’s downgrade of Portugal and this week’s intense discussion between EMU member state officials before…

On 12 February, Destatis (the German Federal Statistical Office) is publishing its “flash release” on German Q4 GDP; a detailed breakdown of the components will follow on 24 February. As already suggested by Destatis, German GDP growth will probably have remained unchanged quarter-on-quarter in Q4 2009. Italian GDP could have…

That new HSBC loan: too clever by half?
Why not give customers the money outright?

By SIOW LI SEN

LAST Friday, when given the HSBC press release on its new Sibor plus equity-linked mortgage, I spent at least 15 minutes trying to figure out how it worked. The result was that I was so consumed with the promise of thousands of dollars that I paid no attention to the home loan itself.

Eventuall… more

Sterling fell sharply on Friday following the much weaker than expected Q3 GDP data – GBP/USD and GBP/EUR closed the week at $1.6337 and €1.0887 respectively. Prior to the GDP release, sterling had been rallying all week as one of the top G-10 currencies. The large speculative short position (that…