Norway’s February core inflation likely unchanged from January
Mar 09, 2016 12:34 pm UTC| Commentary
Norways core inflation for February is likely to be around 3%, slightly below Norges Banks forecast. Inflation has been near to the central banks forecast since December Monetary Policy Report and February inflation should...
BoJ to stand pat at next week's meet, easing expectations pushed back until July
Mar 09, 2016 12:22 pm UTC| Commentary Central Banks
The BOJs next policy meeting takes place March 14-15, and expectations are the central bank will keep key policy tools unchanged. On January 28, the Bank of Japan shocked the global markets by introducing negative interest...
Brazil’s retail sales likely declined again in January
Mar 09, 2016 12:20 pm UTC| Commentary
Brazils retail sales had declined in 2015 by 4.3% and the rate of slowdown continued to rise throughout 2015 with sales dropping 6.9% y/y in Q4, as compared with Q3s 5.7% y/y drop. Retail sales in December were mainly bad,...
API reports surplus, while WTI awaits EIA report – calls updated
Mar 09, 2016 12:12 pm UTC| Commentary
WTI is trying to crawl back some of the loss from yesterday. Further rise towards $40-41 area likely. WTI is currently trading at $37.1/barrel. Key factors at play in Crude market: OPEC and non-OPEC members will...
Bulgarian economy expands in Q4 2015 but growth faces downside risks in 2016
Mar 09, 2016 12:04 pm UTC| Commentary Economy
Bulgarias economy grew 0.7% q/q and 3% y/y in Q4, according to the second estimate. It was revised down by 0.1ppt from the initial flash estimate of 0.8% q/q and 3.1% y/y. On the demand side, consumption recovered...
ECB likely to revise down 2016 inflation forecast significantly
Mar 09, 2016 11:32 am UTC| Commentary Central Banks
ECB is largely expected to ease tomorrow. However, market expectations appear mixed, mainly due to the December experience and the uncertainty regarding with instruments to use. A cut of 10bp in the deposit rate looks very...
JGBs suffer massive volatility this week
Mar 09, 2016 11:10 am UTC| Commentary
Japanese government bond market is where lot is happening, especially since Bank of Japan (BoJ) introduced three tiered negative rates in tune of -0.1%. However, this week particular saw large increase in volatility,...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects