Euro zone recovery likely to gain momentum in 2016 and 2017
Feb 02, 2016 22:49 pm UTC| Commentary
Heading into 2016, weak commodity prices, low inflation and strong Euro will put the deflationary pressure on Euro zone economy. In addition, global headwinds and the ongoing deterioration of many major emerging economies...
US economy loses momentum in 2015—a glimpse on fundamentals
Feb 02, 2016 22:09 pm UTC| Commentary Economy
While looking at the overall economic situation of US economy, it seems like US economy lost its momentum by the end of 2015. Revised data confirms that the U.S. economy expanded at a seasonally adjusted annualized rate of...
No rate cut expected in Poland, but further easing to come in the next months
Feb 02, 2016 21:16 pm UTC| Commentary Central Banks
National Bank of Poland is going to release its monetary policy tomorrow and market widely expects stable monetary policy by Central government. While analysts continue to believe that further rate cut is helpful to...
US ISM manufacturing index missed expectations, but far from disappointing
Feb 02, 2016 16:58 pm UTC| Commentary
US ISM manufacturing index edged up 0.2 points to 48.2 in January, missing expectations which called for a pick up to 48.4. The details of the report were however somewhat mixed. Despite missing on the headline print,...
Fed likely to put more weight on the ISM non-manufacturing index (Wednesday)
Feb 02, 2016 16:37 pm UTC| Commentary Central Banks
US ISM non-manufacturing index is scheduled to be released on Wednesday and expectations are for the index to have edged slightly lower to 55.1 from a reading of 55.3 in the previous month. While the ISM manufacturing...
Larger output cutbacks needed to rebalance the oil market
Feb 02, 2016 15:57 pm UTC| Commentary
Oversupply conditions continue to dominate the outlook for crude oil markets, with increasing inflows from Iran and Iraq. There has been a multi-year build-up in the output capabilities of non-OPEC energy producers, led by...
Canada to face a longer period of underperformance
Feb 02, 2016 15:04 pm UTC| Commentary
Canadian real GDP likely recorded little if any growth in the last quarter of 2015, underscoring the resource sectors outsized impact on the economys performance. Continuing economic and financial turbulence and lower...