Philip Chua Business Blog

Posts Tagged ‘rise’

U.S. Dollar Trading (USD) remained on the weak side as stocks and most currencies pushed higher into the weekend overcoming weak US Retail Sales data. May Retail Sales slumped -1.2% vs. +0.2% forecast. The data was countered however by a rise in US Consumer Confidence to a 2 year high

Despite its rise for the first day in four on Friday, the dollar fell versus its counterparts except the yen for the week. An unexpected decline in US retail sales raised doubts about the US economic outlook. On the positive side, US consumer sentiment rose to the highest level since

SINGAPORE'S exports boom showed no signs of slowing last month, with shipments jumping by the largest amount in more than four years. Non-oil domestic exports surged 29.4 per cent compared with the same month a year ago, the biggest year-on-year increase since December 2005, said trade agency IE Singapore yesterday. This follows March's 25.4 per cent rise in exports, and underlines the robustness ... more

EU efforts to reach an accord on Greece captivated the market’s attention for most of the week (more below), but the real mover was a sharp rise in US rates and a further steepening of the yield curve. Those moves sent the US 10-year credit swap spread into negative territory…

After having increased by a total of 3% in October and November, retail sales dropped by 0.3% mom in December, as car sales fell slightly despite industry reports of another rise. However, in January, the announced drop in domestic vehicle sales could actually translate into higher car sales in the…

Leading indicators went up sharply by 0.9% mom in November – the eighth consecutive increase. We expect leading indicators to have risen markedly again in December, by about 0.7% mom. The steeper yield curve will have been the main contributor to the rise, followed by the drop in jobless claims….