Mixed picture for October euro area PMIs
Oct 22, 2015 07:02 am UTC| Commentary
The flash PMIs released this week to show a mixed picture, with positive numbers from France but considerable weakening in Germany.Despite the disappointing Bank of France survey and our forecast for the INSEE survey,...
Oct 22, 2015 07:00 am UTC| Commentary
The consolidation in crude oil prices just under $50/bbl has left the Norwegian krone little changed over the past month. A surprise 25 bps interest rate cut by the Norges bank in September saw only a temporary spike...
US existing home sales probably rose modestly last month
Oct 22, 2015 06:54 am UTC| Commentary
The preliminary canvass of available Multiple Listing Service data, along with lagged pending home sales figures, suggest that the number of existing dwellings closed on rose by 1.3% to a seasonally adjusted annual rate of...
Oct 22, 2015 06:51 am UTC| Commentary
The New Zealand dollar has been the best-performing G10 currency over the last month. Market expectations of another 25 bps interest rate cut from the central bank- the fourth consecutive cut and possibly the last - have...
BoC downgrades its outlook for economic growth in Canada
Oct 22, 2015 06:45 am UTC| Commentary
Bank of Canada left its key policy rate unchanged at 0.50%. The Bank judges the current level of the overnight rate to be appropriate, but maintained a cautious tone in its outlook, acknowledging global risks and citing...
Oil prices and commodities reverse from October run up
Oct 22, 2015 06:24 am UTC| Commentary
Why are commodities going down after their big October rally? Certainly, today U.S. Crude Oil inventories were more than twice expectations.But is that it; an oil glut? We have heard that Iran, once sanctions are removed...
Sweden trade union fails to reach common grounds
Oct 22, 2015 06:17 am UTC| Commentary
The Swedish Trade Union Confederation (LO), with 14 affiliates and in total almost 1.5 million members, failed to reach a common approach ahead of the coming pay talks. The various trade unions will thus negotiate...