China Industrial profits for March: +11.1% y/y vs. -4.7% last

China’s National Bureau of Statistics (NBS) revealed this Wednesday; profits earned by Chinese industrial firms in March rose 11.1% y/y in March to 561.24 billion yuan (59.3 billion pounds).

Meanwhile, profits rose 7.4% q/q in the March quarter. Chinese industrial firms' debt at the end of March was 5.2% higher than at the same point last year.

Industrial profits in the January-February period rose 4.7% y/y, snapping a seven-month losing streak.

Apr 27, 2016

Odds of a RBA rate cut in May up from 16% to 40%

Following today's Australian inflation figures, odds of a rate cut at the May meeting from the RBA have gone significantly up from 16% to 40%.

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Apr 27, 2016

Asian stocks trade mixed ahead of Fed verdict

The stocks on the Asian bourses remains on the back foot and trade mixed this Wednesday, as traders turn cautious heading towards the key FOMC policy decision. Although its widely expected that the Fed may remain on hold this week, the wordings in the accompanying statement will be closely eyed for fresh hints on the rate hike prospects at its June meeting.

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