Monday, 8 July 2013

CIMB Global Economic News - 08 July 2013

US non-farm payrolls rose 195,000 in Jun from a revised 195,000 in May, outperforming consensus of 161,000, whilst the unemployment rate remained at 7.6%, higher than the 7.5% expected by consensus. Average hourly earnings rose 0.4% mom from a revised 0.1% in May, double consensus of 0.2%, whilst the average workweek of all employees remained at 34.5 hours, matching consensus. Private payrolls increased 202,000 from a revised 207,000 in May, outpacing consensus. 175,000. (Bloomberg) 

The International Monetary Fund may cut its global growth forecast because the expansion of emerging market economies is slowing, Managing Director Christine Lagarde said. (Bloomberg) 

Japan'ss leading index rose to 110.5 in May from an upwardly revised 107.7 in Apr and 106.2 in Mar. The coincident economic index moved up slightly to 105.9 from a revised 105.1 in Apr. (RTT News) 

Taiwan'ss inflation rate rose by 0.6% yoy in Jun (0.7% in May). Wholesale prices were down 1.9% in Jun compared with -3.3% in May. (Bloomberg) 

Taiwan'ss foreign reserves were unchanged at US$406.6bn in Jun. (Bloomberg) Indonesia'ss foreign reserves substantially to US$98.1bn in Jun from US$105.2bn in May. (Bloomberg) The Philippines's inflation rate quickened to 2.8% yoy in Jun (2.6% in May). (Bloomberg) 

The Philippines's foreign reserves were down US$0.4bn to US$81.6bn in Jun. (Bloomberg)

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