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[IFX Gertrude]

Australia Inflation Gains 1.5% On Year In Q3



Consumer prices in Australia advanced 1.5 percent on year in the third quarter of 2015, the Australian Bureau of Statistics said on Wednesday. That missed forecasts for 1.7 percent, and was unchanged from the previous three months. Among the individual components, prices for education jumped 5.5 percent on year, followed by alcohol (5.0 percent), health care (4.8 percent), housing (2.7 percent), financial services (2.0 percent), furniture (1.8 percent) and recreation (1.1 percent). Prices for communications equipment shed 4.1 percent, while transportation was down 2.2 percent and clothing shed 1.0 percent. On a quarterly basis, inflation added 0.5 percent - also shy of expectations for 0.7 percent, which would have been unchanged from the three months prior. Among the individual components, prices for alcohol jumped 1.3 percent on quarter, followed by recreation and furniture (0.8 percent each), housing (0.6 percent), health (0.3 percent) and education (0.2 percent). Prices for communications equipment fell 2.0 percent and clothing was down 1.1 percent. The most significant price rises include international holiday travel and accommodation (+4.6 percent), fruit (+8.2 percent) and property rates and charges (+4.6 percent). The most significant offsetting price are vegetables (-5.9 percent), telecommunication equipment and services (-2.0 percent) and automotive fuel (-1.7 percent). Among the underlying trends, the Reserve Bank of Australia's trimmed mean was up 0.3 percent on quarter and 2.1 percent on year - slowing from 0.6 percent on quarter and 2.2 percent on year in Q2. The weighted median was up 0.3 percent on quarter and 2.2 percent on year, down from 0.5 percent on quarter and 2.4 percent on year in the three months prior.

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[IFX Gertrude]

Eurozone Leading Index Remains Flat In September



A measure of future economic activity in Eurozone remained unchanged in September, survey figures from the Conference Board showed Wednesday. The Conference Board's Leading Economic Index, or LEI, for the euro area showed no variations in September, following a 0.2 percent increase in August. "The Euro Area Leading Economic Index was unchanged in September, and its six-month change has slowed in recent months, suggesting economic activity is unlikely to accelerate in the coming months," said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board. "However, the stock market has recently rebounded and after last week's ECB meeting, the business investment climate may solidify, providing an opportunity for sustained growth in the Euro Area in 2016." The coincident index, which measures current economic activity, edged up 0.1 percent in September after remaining flat in the previous month.

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[IFX Gertrude]

Eurozone Leading Index Remains Flat In September



A measure of future economic activity in Eurozone remained unchanged in September, survey figures from the Conference Board showed Wednesday. The Conference Board's Leading Economic Index, or LEI, for the euro area showed no variations in September, following a 0.2 percent increase in August. "The Euro Area Leading Economic Index was unchanged in September, and its six-month change has slowed in recent months, suggesting economic activity is unlikely to accelerate in the coming months," said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board. "However, the stock market has recently rebounded and after last week's ECB meeting, the business investment climate may solidify, providing an opportunity for sustained growth in the Euro Area in 2016." The coincident index, which measures current economic activity, edged up 0.1 percent in September after remaining flat in the previous month.

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[IFX Gertrude]

Germany-China ties unveil new venture



As German Chancellor Angela Merkel is keen on deepening relations with China, the country's largest exchange announced a new venture aimed at bolstering financial connections between the two countries. Deutsche Boerse AG and China Foreign Exchange Trade System, under the new venture, will host interbank products, as well as renminbi-denominated currency and interest rate trading. The largest economy in Europe is obtaining its latest turn at establishing its ties with the second biggest economy worldwide a week following Chinese President Xi Jinping stayed at Buckingham Palace. Deutsche Borse Chief Executive Carsten Kengeter said the new project will fuel continued growth of the country's markets and economies, and strengthen the significance of Europe as an RMB offshore hub as well. To be called China Europe International Exchange, it is scheduled to begin trading on November 18, with China Financial Futures Exchange and Shanghai Stock Exchange as the other two partners.

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[IFX Gertrude]

Japan Inflation Flat On Year In September



Consumer prices in Japan were flat on year in September, the Ministry of Internal Affairs and Communications said on Friday. That matched expectations while slowing from 0.2 percent in August. Core inflation, which excludes the volatile costs of food prices, was down 0.1 percent on year. That was unchanged but beat forecasts for a decline of 0.2 percent. On a monthly basis, overall inflation added 0.1 percent while core inflation was flat.

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[IFX Gertrude]

Japan Inflation Flat On Year In September



Consumer prices in Japan were flat on year in September, the Ministry of Internal Affairs and Communications said on Friday. That matched expectations while slowing from 0.2 percent in August. Core inflation, which excludes the volatile costs of food prices, was down 0.1 percent on year. That was unchanged but beat forecasts for a decline of 0.2 percent. On a monthly basis, overall inflation added 0.1 percent while core inflation was flat.

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[IFX Gertrude]

Commodity investors see the end of plunge



It took 21 months to overcome the decline following commodity prices plunged in 1997. After plummeting alongside the global economy in 2008, commodities touched the floor in only eight months. The Bloomberg Commodity Index has been declining for four years. The benchmark, from its most recent high in May 2011, is off by half and snapping its lowest levels of the 21st century. Investors are asking if the commodity prices have finally bottomed, and have expressed their woes the stock market is overhauled and bond prices are at risk of interest rate hikes. “It's top of mind for anyone looking at the market,” said Norbert Ruecker, Head of Commodities Research at Julius Baer. Many investors believe the plunge in commodities is over as prices are lower than the production cost. As a response, unprofitable producers are cutting back.

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[IFX Gertrude]

Treasuries Regain Ground Following Recent Pullback



After moving sharply lower over the course of the two previous sessions, treasuries regained some ground during trading on Friday. Bond prices drifted higher as the day progressed but pulled back off their best levels into the close. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, fell by 2.2 basis points to 2.151 percent. With the modest drop on the day, the ten-year yield pulled back off the one-month closing high set in the previous session. The rebound by treasuries came as traders went bargain hunting following the steep drop seen over the two previous sessions, which came in reaction to the Federal Reserve's monetary policy announcement. The Fed left interest rates unchanged as was widely expected, but the central bank's accompanying statement left open the possibility of a rate hike in December. Treasuries also benefited from the release of some disappointing U.S. economic data, including a report showing slightly smaller than expected upticks in personal income and spending. The report said personal income inched up by 0.1 percent in September after climbing by an upwardly revised 0.4 percent in August. Economists had expected income to rise by 0.2 percent. Personal spending also crept up by 0.1 percent in September after rising by an unrevised 0.4 percent in August. Spending had also been expected to climb by 0.2 percent. A separate report from the University of Michigan showed that consumer sentiment improvement by less than previously estimated in October. The University of Michigan said the consumer sentiment index for October was downwardly revised to 92.1 from 90.0, although it still came in above the final September reading of 87.2. Meanwhile, MNI Indicators also released a report showing that Chicago-area business activity unexpectedly expanded in the month of October. MNI Indicators said its Chicago Business Barometer jumped to 56.2 in October from 48.7 in September, with a reading above 50 indicating growth. The index has been expected to edge up to 49.2. Economic data may continue to attract attention next week, with traders likely to keep a close eye on the monthly jobs report due out next Friday. Ahead of the jobs report, trading could be impacted by reports on manufacturing activity, international trade, and labor productivity and costs.

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[IFX Gertrude]

NZ Dollar Edges Up Against Most Majors



The New Zealand dollar strengthened against most major currencies in the Asian session on Monday. The NZ dollar rose to 0.6785 against the U.S. dollar and 81.73 against the yen, from last week's closing quotes of 0.6768 and 81.65, respectively. Against the euro, the kiwi edged up to 1.6258 from Friday's closing value of 1.6241. If the kiwi extends its uptrend, it is likely to find resistance around 0.69 against the greenback, 83.00 against the yen and 1.61 against the euro.

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[IFX Gertrude]

Asian markets plunge ignited by weak Chinese data



Asian markets plummeted Monday as China reported weak factory activities in October, fueling global growth concerns. Official figures showed the Caixin purchasing manager's index ended at 48.3 from 47.2 in September. The MSCI Asia Pacific Index tumbled 0.6%, while Japan's Nikkei retreated 1.7%. Hong Kong's Hang Seng China Enterprises Index slipped 0.4%. The Shanghai Composite Index lost as much as 1.6% to trade 0.1% higher. Global market woes ignited selling while the market became vulnerable to “profit-taking from last week's gains,” said Hikaru Sato, Senior Technical Analyst at Daiwa Securities.

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