TPP finally agreed, China omitted

Oct 06, 2015 07:50 am UTC| Commentary

The US, Japan and ten other Pacific Rim nations agreed to the largest trade agreement in two decades in Atlanta yesterday. The Trans-Pacific Partnership (TPP) covers 40% of the global economy and 800mn people.The stated...

Turkey's core inflation noticeably accelerates

Oct 06, 2015 07:43 am UTC| Commentary

Yesterdays CPI reading was worse-than-expected, with headline inflation re-accelerating to 7.95%y/y from 7.1%. Core inflation of the country is noticeably accelerating to 8.23%y/y (vs. consensus: 7.85%).The CenBank has...

Watch for dovish language at Poland's MPC meeting

Oct 06, 2015 07:39 am UTC| Commentary

Todays Polands MPC meeting is likely to see rates left unchanged at 1.5%. But a significantly more dovish remarks is expected at todays press conference. Polands PMI has slipped to just above 50 now and growth prospects...

U.S. ISM nonmanufacturing index shows moderate pace of service sector growth

Oct 06, 2015 06:43 am UTC| Commentary

The ISM nonmanufacturing index of U.S. declined to 56.9 in September (previous: 59.0), and posted modestly below expectations. Despite the larger-than-expected fall in the headline index, the details of the survey suggest...

Sweden GDP likely to post below Riksbank’s forecast

Oct 06, 2015 06:29 am UTC| Commentary

Sweden manufacturing production recovered more than expected in August, even though the trend remains weak. Figures for the private service sector in August were weaker than expected.Manufacturing production recovered more...

Euro area orders to bounce back in August

Oct 06, 2015 05:58 am UTC| Commentary

Euro area August data is early to see any major impact coming from the market turbulence surrounding China but also from the VW story which could have some impact on orders starting in September/October. For Europe and the...

USD moderately bullish

Oct 06, 2015 05:45 am UTC| Commentary

There is a widespread view that USD rallies ahead of the first Fed hike and sells off after. While this holds on average, the degree of dispersion suggests it would be unwise to rely on it."We remain USD positive into next...